A real-world OR problem, gather relevant data and obtain the optimal solution using LINGO. Requirements ...

Transcribed Image Text:

A real-world OR problem, gather relevant data and obtain the optimal solution using LINGO. Requirements • All decision variables and problem parameters should be modeled as an attribute of a set • Your model should include one of the following: -A Markov chain with at least 10 states - An ILP with at least 20 variables -A Dynamic Programming model with at least 5 stages A real-world OR problem, gather relevant data and obtain the optimal solution using LINGO. Requirements • All decision variables and problem parameters should be modeled as an attribute of a set • Your model should include one of the following: -A Markov chain with at least 10 states - An ILP with at least 20 variables -A Dynamic Programming model with at least 5 stages

Answer rating: 100% (QA)

OR problems can be solved using a variety of techniques The first step in solving an OR problem is to gather relevant dataand this is often the most difficult part One method for gathering data is thr... View the full answer