Developing More Advanced Models

In this section, we will walk through the development of models in a handful of different application areas. The goal here is twofold. On the one hand, walking through a number of different models should help hone your skills at building LINGO models. Secondly, by applying LINGO to an array of different application areas, we hope to illustrate the potential benefits of mathematical modeling in almost any business situation. Below is a list of the application areas we will be touching upon in the remainder of this section:

Production Management
Logistics
Finance
Queuing
Marketing

The reader interested in additional examples of LINGO modeling should refer to Optimization Modeling with LINGO, by Linus Schrage, published by LINDO Systems. This book contains an exhaustive set of modeling examples from a wide array of application areas. In many cases, you should be able to find a model that will suit your needs with only modest modifications. Interested readers may also refer to the section on Additional Examples of LINGO Modeling to find additional samples of LINGO models.