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Operational Planning
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It seems virtually impossible to find a model for our decision-making which takes all details into account. In this episode we demonstrate how data abstraction can help to model a problem, thus making it the core of successful optimization.
Inventory management always seems to be trade-off between reliable production and low stock levels. By using mathematical optimization, you can have both at the same time.
Most companies are already aware of the potential for improvement. But how can optimization potential be identified and quantified? This is where optimization comes in and helps to replace gut feeling with numbers.
