An optimization problem is one where you have to make the best decision (choose the best investments, minimize your company’s costs, find the class schedule with the fewest morning classes, or so on).

Businesses face a difficult problem in allocating scarce resources under conditions of uncertainty. Far too often in practice, optimization models are built assuming, implicitly, that the data or ...

Chances are that you, like most data scientists and IT professionals, already have some experience using mathematical optimization – most likely in Excel. Like a Swiss Army Knife, Excel provides users ...