tag:blogger.com,1999:blog-9908604.post3062747749481143762..comments2024-03-01T00:27:42.852-08:00Comments on Hammer Of The Blogs: Absence of MaliceHeywood J.http://www.blogger.com/profile/05627748699423939682noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9908604.post-44891111193698187712010-05-06T23:49:32.789-07:002010-05-06T23:49:32.789-07:00Thanks, Dave, I may take you up on that, though th...Thanks, Dave, I may take you up on that, though the class ends on 5/15, so I'm almost through it now.<br /><br />Right now we're using functions and inverse functions to create pricing and revenue management models. For example, you have a demand curve with several price-point segments on it, and they give you the mean demand and standard deviation, and plug those into the functions to optimize either price or production.<br /><br />On the one hand, Excel has radically simplified calculus functions and linear programming models; on the other hand, you misplace one parenthesis anywhere in one of these extended formulas (and the expected-profits formula for an optimized cycle service level model features four different normal distribution functions), and you're hosed.Heywood J.https://www.blogger.com/profile/05627748699423939682noreply@blogger.comtag:blogger.com,1999:blog-9908604.post-87506960175234970752010-05-06T21:12:27.225-07:002010-05-06T21:12:27.225-07:00If you get in trouble with a calculus problem, pos...If you get in trouble with a calculus problem, post it and I'll help you out (I can put an lin. prog. problem into Excel too).<br /><br />Keep them blog entries coming. :-)daverhttps://www.blogger.com/profile/03008330928293070129noreply@blogger.com