PinnedPublished inOperations Research BitMonte Carlo SimulationMonte Carlo simulation is a powerful statistical technique used to model uncertainty and variability in complex systems.Mar 1Mar 1
PinnedPublished inOperations Research BitTraveling Salesman Problem (TSP) and Solution ExplanationThe Traveling Salesman Problem (TSP) is a classic optimization problem in computer science and operations research. It asks the following…Feb 16Feb 16
PinnedPublished inOperations Research BitSolution of Queue System ProblemThe queue system problem aims to analyze the waiting and processing times of customers or jobs at a specific service point. Variables such…Dec 19, 20243Dec 19, 20243
E-Commerce Observations In The UKThe United Kingdom, with a population of 67.9 million, will have approximately 62.1 million e-commerce users in 2025. The UK generates more…Dec 8, 2024Dec 8, 2024
Published inOperations Research BitSet Cover ModelA mobile phone operator wants to provide service to a currently uncovered geographical region.Oct 30, 2024Oct 30, 2024
Published inOperations Research BitTwo-Stage Transportation ProblemThe mathematical model shown below allows us to find the best route that provides the minimum cost in the 2-step transportation problem.Oct 30, 2024Oct 30, 2024
