Optimization problem faced by Company -Literature Review
The assignment is designed to allow you to demonstrate that you can effectively collect, review, and analyze the relevant academic literature on a particular topic, which is same as the topic for your assignment 2.
Each group has to select a company (manufacturing-based OR service-based) with which you are familiar, select an optimization problem being faced by the company (e.g., media selection at Telstra, employee scheduling in HSBC, make-or-buy at Toyota, resource allocation at the University of Melbourne, distribution network design at Pickfords, etc.), and then collect and review 10 international journal articles, from the past ten years, applying mathematical modelling for the problem to be studied.
You should analyze the strengths of these applications and their “value-add” to the decision-making process, and also identify the knowledge gaps and limitations, if any, and suggest for improvements.
Word count is 2000 excluding figures