Question: FOR APPLE Problem Statement (option to choose a or b) Optimization Maximize/increase revenue/profit Increase and improve product/service offering Increase and improve customer reach/engagement Minimize/decrease cost

FOR APPLE

  1. Problem Statement (option to choose a or b)
    1. Optimization
      1. Maximize/increase revenue/profit
        1. Increase and improve product/service offering
        2. Increase and improve customer reach/engagement
      2. Minimize/decrease cost to service or produce
        1. Reduce time to delivery
        2. Reduce labor to service/produce
        3. Reduce material, supplies, or steps to produce
    2. Decision Support System
      1. Improve product/service
      2. Improve sales/profit
      3. Improve customer satisfaction/loyalty

  1. Approach/Solution/Model
    1. State business objective w/ assumptions
    2. Construct objective function
    3. Outline key variables involved
    4. Outline the constrains
    5. Structure model with input variables to product objective output

  1. Summarize Output/Recommendations
    1. State value add
      1. Financial gains
      2. Customer gains
      3. Product/service gains
      4. Reduced cost gains

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