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Linear Programming Formulation & Solving with Excel Solver_Production Planning #LOR03 @OpsAnalytica
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Welcome to OpsAnalytica!
In this video, we explore formulating a Linear Programming (LP) problem specifically focused on production planning. We guide you step-by-step through setting up the objective function, decision variables, and constraints. Using Excel Solver, we then demonstrate how to solve the problem to find the optimal production levels that maximize profit.
Whether you're a student or a professional, this practical tutorial will help you understand the basics of LP and how to apply it to real-world scenarios.
Don't forget to subscribe to OpsAnalytica for more insightful content on operations, supply chain management, and business analytics!
#operationsmanagement #operationsresearch #linearprogramming #excelsolutions #solver #managementscience #operations_research #linearprogrammingproblem
In this video, we explore formulating a Linear Programming (LP) problem specifically focused on production planning. We guide you step-by-step through setting up the objective function, decision variables, and constraints. Using Excel Solver, we then demonstrate how to solve the problem to find the optimal production levels that maximize profit.
Whether you're a student or a professional, this practical tutorial will help you understand the basics of LP and how to apply it to real-world scenarios.
Don't forget to subscribe to OpsAnalytica for more insightful content on operations, supply chain management, and business analytics!
#operationsmanagement #operationsresearch #linearprogramming #excelsolutions #solver #managementscience #operations_research #linearprogrammingproblem
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