| Functional Area |
Corporate Finance |
Working Capital Management: Invest in 1-month, 3-month, and 6-month CDs to maximize interest while meeting cash requirement. |
| Functional Area |
Corporate Finance |
Cash Management: Determine where to locate lockboxes to minimize the "float" or interest lost todue mailing delays. |
| Functional Area |
Investment |
Portfolio Optimization: Markowitz Model |
| Functional Area |
Investment |
Bond Portfolio Management: Allocate funds to bonds to maximize profit. |
| Functional Area |
Production |
Product Mix: Determine how many products of each type to assemble from certain parts to maximize profits while not exceeding available parts inventory. |
| Functional Area |
Production |
Process Selection: Decide which of several processes should be used to make a desired quantity of product at minimum cost. |
| Industry |
Airlines and Trucking |
Crew Scheduling: Given a flight schedule, aircraft assignments, and restrictions on duty periods, allocate crews most effectively to flights. |
| Industry |
Airlines and Trucking |
Fleet Routing and Assignment: Determine which truck to each route, and the sequence of segments. |
| Industry |
Oil and Gas |
Gasoline Blending: From hydrocarbons with specific octane ratings, vapor pressure, volatility and cost, determine how much of each should be blended to produce regular, midgrade, and premium gasoline. |
| Industry |
Oil and Gas |
Pipeline Capacity Auction: Determine which bids, at different prices, should be awarded to maximize sales revenue while not exceeding daily pipeline capacity. |
| Industry |
Agriculture |
Crop Planning: Given forecasted crop prices and growing conditions, determine how much of each crop to plant. |
| Industry |
Agriculture |
Feed Blending: Given the nutritional requirements for feed animals and the price of availble feeds, find the blend of feed ingredients that will minimize total cost. |