M B A 8590 Lecture 3: Clemson - Decision Modeling - Class Notes - 3 - 1.30.17 - Jose Pena
31 Jan 2017
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Decision modeling 859 class notes - #3. Functions to implement: sumproduct, summation, but consider decision variable in empty cells. Color coded in yellow: reserve one cell for the objective function. Most of the time is a sumproduct cell. When decimal or fractional products are no feasible, like: schedule 1. 5 workers then you might need to use an integer solution but it depends on the problem. Analytics when using constraints wants to reference to only one cell. Do(cid:374)"t forget to: use nonnegativity, make sure the decision variables are define as integer or not, a(cid:374)d (cid:373)ake sure tha(cid:374) u(cid:374)der the e(cid:374)gi(cid:374)e ta(cid:271) the type of (cid:373)odel should (cid:271)e (cid:862) ta(cid:374)dard. Even if the optimal combination is different you may reach the same value as in the objective function. For a make or buy problem when ou are calculating resources constraints you have to make sure that the resources are only referencing the make side.
