Explore the definition and calculation of Economic Order Quantity (EOQ), a pivotal tool in inventory management for minimizing costs in purchasing and manufacturing.
Explore the concept of shadow price, its significance in linear programming, and how it represents opportunity costs in constrained optimization.
Understanding the Theory of Constraints (TOC) in-depth, exploring how it identifies and addresses bottlenecks in production systems to boost profitability and streamline operations.
Learn how zero-one integer programming uses binary decisions to solve complex financial and operational problems, enhancing decision-making in finance and business strategy.
Unlock the power of decision models to streamline business decisions. Learn how models like linear programming, decision trees, and discounted cash flows optimize outcomes in alignment with your company's objectives.
Explore the nuances of direct hours in business operations, how they influence production costs, and their role in improving organizational efficiency.
