Sometimes optimization specialists combine different existing techniques to tackle a new type of problem. This is the case for flow network analysis and the facility location problem by combining them to flow location networks. Let’s see how that works and what can be solved this way.

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.

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.