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  • Basics of DMOP - Optimization and Decision Models Explained

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    DMOP stands for Decision Models and Optimization, which uses mathematical models to help institutions and individuals make better decisions. It involves optimization to find the best options, decision analysis to determine the next steps, and simulation to consider different scenarios. DMOP is used in industries like airlines, trucking, agriculture, and financial services to maximize revenue, save costs through better resource planning, and ultimately lead to higher salaries and bonuses.

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    Basics of DMOP - Presentation V3

    Titolo originale

    Basics of DMOP - Presentation V3

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    DMOP stands for Decision Models and Optimization, which uses mathematical models to help institutions and individuals make better decisions. It involves optimization to find the best options, decision analysis to determine the next steps, and simulation to consider different scenarios. DMOP is used in industries like airlines, trucking, agriculture, and financial services to maximize revenue, save costs through better resource planning, and ultimately lead to higher salaries and bonuses.

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    © All Rights Reserved
    Scarica in formato PPTX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    8 visualizzazioni6 pagine

    Basics of DMOP - Optimization and Decision Models Explained

    Caricato da

    Bala
    DMOP stands for Decision Models and Optimization, which uses mathematical models to help institutions and individuals make better decisions. It involves optimization to find the best options, decision analysis to determine the next steps, and simulation to consider different scenarios. DMOP is used in industries like airlines, trucking, agriculture, and financial services to maximize revenue, save costs through better resource planning, and ultimately lead to higher salaries and bonuses.

    Copyright:

    © All Rights Reserved
    Scarica in formato PPTX, PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    di 6

    Basics of DMOP

    Presented by Group A6

    Who is this talk relevant


    for?
    People who are not familiar with optimization and
    decision models and could possibly benefit from
    using such models in their profession

    What we plan to cover


    What is DMOP?
    Where is it used?
    Why is it important?

    What is DMOP?
    One possible definition:
    Mathematical models designed to help institutions
    and individuals make better decisions

    DMOP covers
    Optimization finding what's best
    Decision Analysis - deciding what now
    Simulation trying what if

    Where is it used?
    Airlines and Trucking
    Crew scheduling
    Revenue management

    Agriculture
    Crop planning

    Financial Services
    Efficient portfolios

    Why is DMOP important in


    business?
    Maximize revenue/ Save costs
    Better resource planning
    As a result, better salary and bonuses!

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