optimization-formulation

Turn a business decision into an optimisation model and a recommendation a business owner can act on. Use whenever someone needs to decide how much to make, buy, stock, staff or ship; where to open sites or depots; how to split a budget, capacity, people or inventory; or asks for the best plan, maximum profit or minimum cost given limits, a production mix, facility location, capacity planning, prescriptive analytics, linear programming or a MIP. Also use when someone asks whether an investment in capacity, overtime, marketing or extra supply is worth it, what extra capacity is worth, how to read a solver's output, or needs a model requirements document for developers. Not for a model that already exists and only runs too slowly, and not for deciding who gets cut back when supply cannot cover demand.