Business & Data Analytics
Shown in Chapters 13 and 14, create your own optimization model in Excel. Think about the following concepts:
1. Decision variables- physical quantities controlled by the decision maker.
2. Objective function- Defines the criterion (reduce expenses, maximize profits).
3. Constraints- These are restrictions on the numerical values, which are assigned to the
Need the excel file with report and explanations. Include peer-reviewed citations.