Introducing integer modeling with Excel Solver

Introducing integer modeling with Excel Solver

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Article ID: iaor20073893
Country: United States
Volume: 7
Issue: 1
Publication Date: Sep 2006
Journal: INFORMS Transactions on Education
Authors:
Keywords: education in OR, programming: integer
Abstract:

This article suggests ideas for introducing integer modeling of fixed (entry) costs with Excel Solver to business students. The presented example uses concepts from accounting, such as assessing distribution channel profitability, and blends them with management science techniques. The effectiveness of the software use is in integrating it successfully into a comprehensive discussion about assumptions, modeling, limitations, software pitfalls, validation, and implications for managerial decision making.

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