Question: Find some modeling and optimization tools that are widely used in the profession of industrial engineering. Answer the question how (or if) cost information is

Find some modeling and optimization tools that are widely used in the profession of industrial engineering. Answer the question how (or if) cost information is used in modeling and optimization. Give some examples about how these tools are used for sales channels selection or for pricing decisions. Provide one-real life case where pricing decision is used and explain the case.

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