Operations Research for students at Vlerick Business School, UCL School of Management and Ghent University

Message to students Decision Sciences at Vlerick Business School and UCL School of Management but also the Operations Research students 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:

• Blending problem: Use four raw grains and blend them to produce dry pet food
• Floataway tours problem: Purchase new rental boats for hiring during the summer within a limited budget.
• Portfolio planning problem: Invest your money over the next four months to maximize the total interest earned.
• Recycling solid waste problem: Collect four types of solid waste material, treat them and then recycle them into a salable product.

Integer Programming models:

• Capital budgeting problem: Invest your money in six possible projects.
• Cutting stock problem: Optimize the production of tin cans which are stamped from metal sheets.
• Less-than-truckload shipping problem: Optimize the delivery of loads on a daily basis to five customers for a trucking company.
• 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.