Optimization Modelling: A Practical Approach

Ruhul Amin Sarker, Charles S. Newton

October 15, 2007 by CRC Press
Reference - 502 Pages - 96 B/W Illustrations
ISBN 9781420043105 - CAT# 43102

USD$167.95

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Features

  • Introduces a wide range of modelling techniques
  • Covers the formulation and modelling approach of a number of well-known theoretical and practical problems
  • Presents the data collection and data preparation methods for model solving and discusses their relevant issues
  • Explores practical aspects and difficulties of problem solving and provides a number of case problems
  • Discusses the influence of data availability on mathematical modelling and problem solution
  • Introduces alternative modelling approaches for some problem areas
  • Examines the difficulties and practical issues of modelling, problem solving, and implementation
  • Summary

    Although a useful and important tool, the potential of mathematical modelling for decision making is often neglected. Considered an art by many and weird science by some, modelling is not as widely appreciated in problem solving and decision making as perhaps it should be. And although many operations research, management science, and optimization books touch on modelling techniques, the short shrift they usually get in coverage is reflected in their minimal application to problems in the real world. Illustrating the important influence of modelling on the decision making process, Optimization Modelling: A Practical Approach helps you come to grips with a wide range of modelling techniques.

    Highlighting the modelling aspects of optimization problems, the authors present the techniques in a clear and straightforward manner, illustrated by examples. They provide and analyze the formulation and modelling of a number of well-known theoretical and practical problems and touch on solution approaches. The book demonstrates the use of optimization packages through the solution of various mathematical models and provides an interpretation of some of those solutions. It presents the practical aspects and difficulties of problem solving and solution implementation and studies a number of practical problems. The book also discusses the use of available software packages in solving optimization models without going into difficult mathematical details and complex solution methodologies.

    The emphasis on modelling techniques rather than solution algorithms sets this book apart. It is a single source for a wide range of methods, classic theoretical and practical problems, data collection and input preparation, the use of different optimization software, and practical issues of modelling, model solving, and implementation. The authors draw directly from their experience to provide lessons learned when applying modelling techniques to practical problem solving and implementation difficulties.