Every year or so, I come across some verbally formulated “problems”* which can actually be modeled as some form of Operations Research** (OR).
These problems might or might not have prior, but neither I nor the “problem owners” had any prior mapping of these problems to mathematical models. But when formulated as one, its benefits were obvious.
I have five examples for you. Examples are from different parts of finance, logistics, energy and something I don’t know about. Here they are.
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