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Physical quantities controlled by the decision maker

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Reference no: EM133248329

Come up with your own optimization model in Excel. Think about the following concepts:

1. Decision variables- physical quantities controlled by the decision maker.

2. Objective function- Defines the criterion (reduce expenses, maximize profits).

3. Constraints- These are restrictions on the numerical values, which are assigned to the decision variables.

Reference no: EM133248329

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