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We consider the problem of planning a mix of products with a limited budget constraint. This problem is an extension of the well known product mix problem. The problem is easily formulated as a linear programming problem. In this paper we find the optimal solution by an explicit formula without...
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Students in most industrial engineering programs are taught just-in-time and other production concepts aimed at reducing cycle time and work-in-process inventory. Much of the material stresses setup time and lot size reduction. However, if the setup times cannot be eliminated or reduced...
Simulation is a key tool in operations research (OR); however, it is often difficult to introduce and motivate simulation within the introductory operations management (OM) course. Time, software, and student constraints often require simulation to be relegated to an appendix/special topic...
In this discussion we examine the famous Towers of Hanoi puzzle from an OR/MS perspective, focusing on its educational content. We show that this puzzle provides an excellent environment for illustrating a number of fundamental OR/MS problem-solving concepts in general and dynamic programming...
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