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Production and Inventory Problem solved using Solver in Excel

production and inventory problem

Linear Programming allows us to tackle various real life problems, some of which we have already gone over in previous articles, such as the Transportation Problem, the Product Mix Problem and the Diet Problem. In the following article we will analyze a different classic application known as the Production Inventory Problem. This problem is essentially […]

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Formulating and Solving a Capacity Allocation Problem of a Plane

Operating for Cubana. YYZ.

The passenger transport industry faces the problem of determining how to efficiently allocate transportation capacity when offering different prices or fees to their customers for a specific route. This is why they must consider sales revenues associated with each type of rate, estimated customer demand for such fees and the capacity of the transport in […]

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