Daily Archives: May 9, 2017

Real-Life Equipment Optimization Problem

I recently was asked to provide a recommendation on how to schedule the operating time for three different machines that were producing three different products. This is not a made up problem, but reflects a real production situation. My solution uses Excel's Solver and its linear programming-based optimization routine to find an optimal machine scheduling plan. The solution I provided has proven to be useful to the folks who asked for it, and I thought it was worth sharing my solution here. Continue reading

 
Posted in General Mathematics | 3 Comments