Nonlinear Models—Best Location, Best Pricing
Lecture no. 17 from the course: Mathematical Decision Making: Predictive Models and Optimization
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.