Optimization Palisade Style - Part 3 - ERP Spain.com - España y América Latina

Part 3 – Efficient Frontier Analysis. This webinar will present efficient frontier analysis (dual objective optimization/trade-off analysis) as solved by both Evolver, part of the Palisade Decision Tools Suite, and @RISK Industrial’s RISKOptimizer. Many optimization situations present the decisionmaker with a pair of competing objectives such as maximize profits while keeping costs at a minimum. Efficient frontier analysis as solved by two of Palisade’s products addresses this dual-objective challenge with a robust trade-off analysis under deterministic conditions (Evolver) or conditions of uncertainty (RISKOptimizer). Several mostly manufacturing/operations management examples will be used to demonstrate how to model, solve and interpret the solution of these real-world conundrums.