Optimization — scope?
Applied in supply chain and beyond.
Decision-making framework — purpose?
Supports structured, validated decisions using models.
Optimization Label
Search for the best solution with constraints.
Predictive analytics input
Forecasts used in optimization models.
Linear programming
Optimization with linear objective and constraints.
Integer programming
Optimization where some variables are integers.
Model-based decision support
Uses mathematical models to aid decisions.
Decision variables
Quantities chosen by the model.
Constraints
Restrictions on decision variables.
Answer 11 questions on Optimization Strategies for Supply Chain Design.
1. What best describes optimization in mathematical decision making?
2. Which statement best illustrates predictive analytics as used in optimization?
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