PPT Slide

Part 1: Determine the least cost expansion plan (and its cost) for the six-year planning horizon.

Part 2: What is the worst expansion strategy and its cost?

Part 3: Determine the myopic planning strategy and its cost.

Part 3: What are the seven best solutions?

Part 4: What do you think about using an optimization algorithm such as dynamic programming to make long range planning decisions?

For example, under what conditions might the myopic approach be better? Likewise, what conditions foster the use of optimization algorithms as planning tools?

Exercise (cont.)

Previous slide

Next slide

Back to first slide

View graphic version