How to find optimal solution for more than 2 variable in linear programming?
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Answer:
Optimization is the way of life. We all have finite resources and time and we want to make the most of them. From using your time productively to solving supply chain problems for your company – everything uses optimization. It’s a especially interesting and relevant topic in data science.
It is also a very interesting topic – it starts with simple problems, but can get very complex. For example, sharing a chocolate between siblings is a simple optimization problem. We don’t think in mathematical term while solving it. On the other hand devising inventory and warehousing strategy for an e-tailer can be very complex. Millions of SKUs with different popularity in different regions to be delivered in defined time and resources – you see what I mean!
Linear programming (LP) is one of the simplest ways to perform optimization. It helps you solve some very complex optimization problems by making a few simplifying assumptions. As an analyst you are bound to come across applications and problems to be solved by Linear Programming.
Hello!
Optimization is the way of life. We all have finite resources and time and we want to make the most of them. From using your time productively to solving supply chain problems for your company – everything uses optimization. It’s a especially interesting and relevant topic in data science.