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Solution for Supply Chain Network Design: Applying Optimization and Analytics to the Global Supply Chain 1st Edition Chapter 11, Problem 1

by Michael Watson Sara Lewis Peter Cacioppi Jay Jayaraman
106 Solutions 14 Chapters 24763 Studied ISBN: 9780133017373 Supply Chain Management 5 (1)

Chapter 11, Problem 1 : 1. If you run a multi-objective optimization and...

1. If you run a multi-objective optimization and generate a Pareto optimal set of solutions, what work do you still have to do to determine the best solution for your supply chain?

Step-By-Step Solution

1. You still need to pick the solution you want to implement. The solutions on the Pareto optimal curve cannot be dominated by any other solutions. However, with the multiple solutions, you still need to use judgment and trade-off the different objectives.

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