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Nonlinear Models—Best Location, Best Pricing

Lecture no. 17 from the course: Mathematical Decision Making: Predictive Models and Optimization

Nonlinear Models—Best Location, Best Pricing

Taught by Professor Scott P. Stevens | 32 min | Categories: The Great Courses Plus Online Mathematics Courses

Roll up your sleeves and tackle two practical problems in nonlinear programming: pick a location for a hub in an airline flight network, and price a retail product for maximum sales. In the latter case, you learn to model what makes Costco such a runaway success.