OR Topic: Simulation
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Primary Objective:
Assess impact of randomness on profitability.
Context:
Use probabilistic simulation to determine optimal ordering policy.
Teaching Objectives:
Create decision variables,
graph a system of linear inequalities,
find and interpret an optimal solution, and
manipulate a model's parameters to answer marginal questions
Case Studies:
American Airlines
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Sport Obermeyer
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Hertz
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HP
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