Operations Research for students at Vlerick Business School and Ghent University
Message to students Decision Sciences at Vlerick Business School and Operations Research at Ghent University: Examples of linear programming (LP) and integer programming (IP) available.
As promised, the Decision Sciences website now contains 8 extra examples of LP and IP, including solutions, taken from various sources in literature. Since the OR in OR-AS refers to Operations Research, we thought this might be interested to all our customers. It gives our customers a glimpse of what we can offer to them.
Linear Programming models:
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Blending problem: Use four raw grains and blend them to produce dry pet food
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Floataway tours problem: Purchase new rental boats for hiring during the summer within a limited budget.
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Portfolio planning problem: Invest your money over the next four months to maximize the total interest earned.
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Recycling solid waste problem: Collect four types of solid waste material, treat them and then recycle them into a salable product.
Integer Programming models:
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Capital budgeting problem: Invest your money in six possible projects.
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Cutting stock problem: Optimize the production of tin cans which are stamped from metal sheets.
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Less-than-truckload shipping problem: Optimize the delivery of loads on a daily basis to five customers for a trucking company.
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Product line investment: Expand the operations of a company by evaluating seven new potential product lines.
The LP and IP examples are available for download.