This chapter rounds up the book by consolidating the concepts and techniques covered in prior chapters, and trains the student’s ability to apply these ideas to solving more challenging problems. The problems in this chapter mimic real-life scenarios, such as production planning for an industrial plant, or transportation route optimization for a logistics company, all having a desired objective (e.g. maximum profit or minimum cost) that is subject to specific constraints. In this topic, the student will gain exposure to problem types, and appreciate how the results of optimization allow key decisions to be made that would substantially drive better performance and outcomes.
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