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About Optimisation Models: ACW2851 Accounting Information Systems and Financial Modelling
This document discusses an accounting information systems and financial modelling lecture about optimisation models. It introduces key concepts like: - Optimisation models use mathematical techniques to select an optimal solution that maximizes or minimizes an objective function subject to constraints. - Important terms include feasible solutions, the feasible region, and the optimal solution. - Common optimisation techniques discussed include linear programming, nonlinear programming, and using Excel's Solver tool. - An example problem about planning daily dessert intake is presented to demonstrate setting up and solving an optimisation model algebraically, graphically, and using Solver in Excel.
Detailed Information
| Author: | ['Mohammad Rashman'] |
|---|---|
| Publication Year: | 2018 |
| Pages: | 28 |
| Language: | English |
| Format: | |
| Price: | FREE |
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