Book description
An accessible introduction to optimization analysis using spreadsheets
Updated and revised, Optimization Modeling with Spreadsheets, Third Edition emphasizes model building skills in optimization analysis. By emphasizing both spreadsheet modeling and optimization tools in the freely available Microsoft Office Excel Solver, the book illustrates how to find solutions to real-world optimization problems without needing additional specialized software.
The Third Edition includes many practical applications of optimization models as well as a systematic framework that illuminates the common structures found in many successful models. With focused coverage on linear programming, nonlinear programming, integer programming, and heuristic programming, Optimization Modeling with Spreadsheets, Third Edition features:
An emphasis on model building using Excel Solver as well as appendices with additional instructions on more advanced packages such as Analytic Solver Platform and OpenSolver
Additional space devoted to formulation principles and model building as opposed to algorithms
New end-of-chapter homework exercises specifically for novice model builders
Presentation of the Sensitivity Toolkit for sensitivity analysis with Excel Solver
Classification of problem types to help readers see the broader possibilities for application
Specific chapters devoted to network models and data envelopment analysis
A companion website with interactive spreadsheets and supplementary homework exercises for additional practice
Optimization Modeling with Spreadsheets, Third Edition is an excellent textbook for upper-undergraduate and graduate-level courses that include deterministic models, optimization, spreadsheet modeling, quantitative methods, engineering management, engineering modeling, operations research, and management science. The book is an ideal reference for readers wishing to advance their knowledge of Excel and modeling and is also a useful guide for MBA students and modeling practitioners in business and non-profit sectors interested in spreadsheet optimization.
Table of contents
- COVER
- TITLE PAGE
- PREFACE
- 1 INTRODUCTION TO SPREADSHEET MODELS FOR OPTIMIZATION
- 2 LINEAR PROGRAMMING: ALLOCATION, COVERING, AND BLENDING MODELS
- 3 LINEAR PROGRAMMING: NETWORK MODELS
-
4 SENSITIVITY ANALYSIS IN LINEAR PROGRAMS
- 4.1 PARAMETER ANALYSIS IN THE TRANSPORTATION EXAMPLE
- 4.2 PARAMETER ANALYSIS IN THE ALLOCATION EXAMPLE
- 4.3 THE SENSITIVITY REPORT AND THE TRANSPORTATION EXAMPLE
- 4.4 THE SENSITIVITY REPORT AND THE ALLOCATION EXAMPLE
- 4.5 DEGENERACY AND ALTERNATIVE OPTIMA
- 4.6 PATTERNS IN LINEAR PROGRAMMING SOLUTIONS
- SUMMARY
- EXERCISES
- 5 LINEAR PROGRAMMING: DATA ENVELOPMENT ANALYSIS
- 6 INTEGER PROGRAMMING: BINARY-CHOICE MODELS
-
7 INTEGER PROGRAMMING: LOGICAL CONSTRAINTS
- 7.1 SIMPLE LOGICAL CONSTRAINTS: EXCLUSIVITY
- 7.2 LINKING CONSTRAINTS: THE FIXED COST PROBLEM
- 7.3 LINKING CONSTRAINTS: THE THRESHOLD LEVEL PROBLEM
- 7.4 LINKING CONSTRAINTS: THE FACILITY LOCATION MODEL
- 7.5 DISJUNCTIVE CONSTRAINTS: THE MACHINE-SEQUENCING PROBLEM
- 7.6 TOUR CONSTRAINTS: THE TRAVELING SALESPERSON PROBLEM
- SUMMARY
- EXERCISES
- 8 NONLINEAR PROGRAMMING
- 9 HEURISTIC SOLUTIONS WITH THE EVOLUTIONARY SOLVER
- Appendix 1: SUPPLEMENTAL FILES AND SOFTWARE
- Appendix 2: GRAPHICAL METHODS FOR LINEAR PROGRAMMING
- Appendix 3: THE SIMPLEX METHOD
- INDEX
- END USER LICENSE AGREEMENT
Product information
- Title: Optimization Modeling with Spreadsheets, 3rd Edition
- Author(s):
- Release date: July 2015
- Publisher(s): Wiley
- ISBN: 9781118937693
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