Optimization 2 - Free MBTN Tutorial for March | MBTN Academy - Online Learning Tutorials, Problem Sets, and Certifications for Business Education
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02 Mar Optimization 2 – Free MBTN Tutorial for March

Posted at 18:47h in Business Math, Excel Tools, Online Education, Operations, Optimization by

For March, we’re offering a free preview of the tutorial for our recently released Optimization 2 module, the second in a new series for operations and business math courses. The tutorial is authored by Alexander Skvorchevsky, our faculty author expert in Statistics, Modeling, and Optimization. This module serves as a gateway to the world of linear programming, offering insights into various methods for solving linear programming problems and covers the following topics:

  • Creating a mathematical model of a linear programming problem
  • Understanding the economic meaning of the coefficients of the linear programming mathematical model
  • Graphical, simplex, and Microsoft Excel add-in Solver methods for solving linear programming problems
  • Consideration of cases where problems have multiple optimal solutions or no solution.

At its core, linear programming seeks to find the best possible outcome from a set of linear constraints, often with the goal of maximizing or minimizing a particular objective. One of the highlights of this module is the exploration of the Microsoft Excel Solver add-in, which brings the power of linear programming to the fingertips of Excel users. It enables individuals and organizations to create and solve linear programming models without the need for complex coding or specialized software. As you progress through the tutorial, you’ll learn how to set up simple linear programming problems in Excel, define constraints and objectives, and harness the Solver to find optimal solutions.

The free link has expired, but check out this month’s tutorial under the Business Education Resources Blog.

If you find this topic valuable and you are faculty at a University or Community College, you might also be interested in our complete catalog of MBTN modules, available for use in academic settings. You can choose any combination of 3 or more modules to suit your needs.

Our complete catalog of MBTN modules

If you are an individual interested in learning more about Optimization, Statistics, Inventory Management, and other Operations oriented content, please consider the following access to all our modules.

MBTN All Modules and Certifications ($99.95)

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Your Team at MBTN Academy

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Optimization 2: Linear Programming

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