Items to know for Mid-term Exam

Concept of Optimization
Different types of modeling approaches (optimization, heuristic, simulation)
Decision variables, objective function, constraints
Linear vs. non-linear functions
integer programming
Branch-and-bound method
Simplex algorithm
Binary variables
Types of math programming models (LP, NLP, ILP, MILP, etc.)
Infeasible, unbounded, multiple-optimal solutions
Binding constraints
Redundant constraints
Production model
Classical transportation problem
Transportation problem with binary decision variables
Network model (capacitated transshipment model)
Nodes and arcs
Arc capacities
Demand and supply effect on constraints
Net supply concept and flow constraints
System of linear equations
Point of indifference
MRP, DRP
Supply Chain concept