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Published: May 5, 2018
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By: Alex King Alaoen, Cal State San Marcos
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Use of Excel to solve optimization (min-max) problems.
Scenario: there are a range of suppliers offering varying qualities of orange juice; optimize for the lowest cost while meeting specific quality criteria.
Ranges of the desired qualities were put directly into calculations while setting a goal for the lowest cost possible. Excel's Solver tool was used to find the proper mixed to meet both settings.
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