One more thing about...
Learning solvers and be done
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Simulation and optimization are two terms that are often used almost synonymously. Yet they are two fundamentally different techniques. Our new episode “One more thing about…” explains the difference.
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.
Tactical planning serves the goal of continuous improvement. To achieve this mathematical optimization does not only provide the best set of decisions, but also an evaluation of how much a decision is worth. In this episode we explain, how it works.
