Optimization

Finance - Understanding Shadow Price in Linear Programming - Explore shadow price in linear programming from a financial perspective—understand dual values, sensitivity analysis, and constraint adjustments.

Unlocking The Secrets of Little's Law in Operational Research - Discover how Little's Law in operational research relates average number of items, arrival rate, and time in a system. Practical applications and examples included.

Maximizing Profit in Product Mix: A Comprehensive Formula - Explore our comprehensive profit maximization formula for product mix, analyzing price, cost, & quantity in finance.

Understanding Maximum Flow in a Network with Practical Examples - Explore the concept of maximum flow in a network with real-life examples and an easy-to-understand approach.

Operational Research - Mastering Weighted Goal Programming in Operational Research - Explore weighted goal programming in operational research, a method for optimizing multiple objectives with clarity and precision.