GE330_lect1 - Lecture 1 Introduction to Operations Research...

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Unformatted text preview: Lecture 1 Introduction to Operations Research Methods for Profit and Value Engineering January 16, 2009 Lecture 1 Example: Diet Problem Design a one-week diet for a person getting all his/her food from a grocery store. The person must meet certain nutritional requirements (e.g. the amount of a certain nutrition must be great than a certain number) and wants to spend as little money as possible. Three elements: Decisions: amounts of foods to buy; Constraints: nutritional requirements; Objective criterion: the total price. An interactive formulation of the diet problem http://www-new.mcs.anl.gov/otc/Guide/CaseStudies/diet/index.html Operations Research Methods 1 Lecture 1 Definition and History Operations Research ( Operational Research in Europe) is the study of mathematical models and tools with the goal of providing solutions and insights for complex decision problems Initiated during the World War II by British and US Military Entered into civilian sector after the war:...
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This note was uploaded on 08/31/2010 for the course IESE GE 330 taught by Professor Nedich during the Spring '09 term at University of Illinois at Urbana–Champaign.

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GE330_lect1 - Lecture 1 Introduction to Operations Research...

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