Solving linear programming problems in a spreadsheet yields equations for maximizing business profits. As applied to business, linear programming typically involves an objective formula, such as unit ...

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).

Microsoft Excel is a great Office application from Microsoft and it does not need any introduction. It helps every one of us, in many ways by making our tasks simpler. In this post we will see how to ...

Excel is incredibly powerful when your data is complete, but what happens when you need to solve for unknown variables? Enter Goal Seek and the Solver add-in, two tools that let Excel do the heavy ...

A new procedure for mixed integer programming is presented. It is applicable where the integer variables must be either zero or one, and where the integer variables are divided into sets such that the ...

This note gives simple and straightforward reasoning for obtaining the results of Shanno and Weil [Opns. Res. 19, 120-124 (1971)] for linear programming with absolute-value functionals. With over ...