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Optimization Modelling - A Practical Approach (Hardcover)
Loot Price: R5,734
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Optimization Modelling - A Practical Approach (Hardcover)
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Although a useful and important tool, the potential of mathematical
modelling for decision making is often neglected. Considered an art
by many and weird science by some, modelling is not as widely
appreciated in problem solving and decision making as perhaps it
should be. And although many operations research, management
science, and optimization books touch on modelling techniques, the
short shrift they usually get in coverage is reflected in their
minimal application to problems in the real world. Illustrating the
important influence of modelling on the decision making process,
Optimization Modelling: A Practical Approach helps you come to
grips with a wide range of modelling techniques. Highlighting the
modelling aspects of optimization problems, the authors present the
techniques in a clear and straightforward manner, illustrated by
examples. They provide and analyze the formulation and modelling of
a number of well-known theoretical and practical problems and touch
on solution approaches. The book demonstrates the use of
optimization packages through the solution of various mathematical
models and provides an interpretation of some of those solutions.
It presents the practical aspects and difficulties of problem
solving and solution implementation and studies a number of
practical problems. The book also discusses the use of available
software packages in solving optimization models without going into
difficult mathematical details and complex solution methodologies.
The emphasis on modelling techniques rather than solution
algorithms sets this book apart. It is a single source for a wide
range of methods, classic theoretical and practical problems, data
collection and input preparation, the use of different optimization
software, and practical issues of modelling, model solving, and
implementation. The authors draw directly from their experience to
provide lessons learned when applying modelling techniques to
practical problem solving and implementation difficulties.
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