Tut: Mathematical Optimization - dtripathy10/datascience GitHub Wiki

Problem Formulation Steps (Thinks on design a system perspective)

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• Design optimization is the selection of the best design within the available means

Steps

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• Decision Variable: Select design variables (Variable which I can decide/manipulate)
• Objective Function: Select objective criterion in terms of design variables (to minimize or maximize)
• Constraints: Determine constraints in terms of design variables, which must be satisfied (what will prevent variable manipulation )
• Problem Solution: Determine design variable values which minimize (maximize) the objective while satisfying all constraints

Examples

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• NPTEL Operation Research
• Diet Problem
• Manufacturing production planning
• Post Office Problem

Paper

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• Optimization of Oil Production
• supply chain management stanford