Introduction to optimization modeling procedure

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Reference no: EM133456560

Assignment: Introduction to Optimization

Instructions:

To solve each problem, you will need to do the following:

Use the Generalized Optimization Modeling Procedure (GOMP) to set up your problem as follows:

1. Define your model in words

Identify the firm's/manager's objective function in words
Identify the decision variables in words
Identify the constraints in words

2. Formulate your model mathematically

Define the decision variables
Define the objective function in terms of decision variables
Define the constraints in terms of the decision variables.

Reference no: EM133456560

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