How can we decide on a product or service price using observed data over time? For example, a retailer may have changed the price for a specific product in multiple time slots of a week, tested the demanded quantity (sales) based on different prices, and now wants to know the optimal price to set for […]
Thanks to the evolution of Python and its applications to solve linear programs and their variations supply chain and operations research analysts now have access to numerous packages and tools that support decision making. In this article I will use CPLEX and DOCPLEX to model and solve a linear integer program. Linear programming, also referred […]
Following the previous article on modeling and solving an optimization problem in Python using several “interfaces” (+), in this article, I try to provide a comprehensive review of open-source (OS), free, free & open-source (FOSS), and commercial “solvers,” which are usually used for specific types of problems and coded with low-level programming languages (such as […]
As a result of the emergence and progress of open-source languages SCM and OR analysts have access to a growing number of constantly improving tools and solvers. Julia, for example, is a flexible dynamic open-source programming language that is appropriate for scientific and numerical computing. Julia’s source code is available on GitHub and the programming […]
In previous posts we have covered various linear programming examples in both Python and R. We have e.g. introduced lpSolve in R, PuLP in Python, Gekko in Python, MIP in Python, ortools in Python as well as many other packages and modules for linear programming. In this post I will demonstrate how one can implement […]