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Tutorial Solving Constrained Black-Box Optimization Problems
Tutorial

Solving Constrained Black-Box Optimization Problems March 29, 2021

In this post, we present the model and results obtained by LocalSolver on a simulation optimization problem arising in the field of Revenue Management. In the revenue management problem, a businessman wants to maximize revenue from selling a product over a time horizon divided into several periods. At the beginning of the time horizon, he decides…

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