I’m working on a management discussion question and need an explanation and answer to help me learn.
Please select only two
of the four links, and use a short paragraph to discuss each of your two choices in your “Reflections”:
The following four online resources discuss the following:
how NFL uses optimization to compute the best possible league schedules,
how FedEx streamlines costs by optimizing the routing of packages through their shipping network,
how food companies can optimize food production,
how SAP uses optimization to efficiently load containers and manage transportation of goods more efficiently. Read only the following sections: Introduction, What Is Optimization?, and VSR Optimizer Problem Statement)
For two examples listed above
, discuss key benefits of optimization modeling for managerial decision-making. What is an example from your personal/professional life of when optimization could have been used but wasn’t.