Question

Briefly describe a recent decision you made that could be viewed from an optimization perspective. In a few words, what were the “decision variables”? What was the objective? What were the constraints? Did you have more than one objective?

Answer 1

In one of the project assignment we had two decision variables to be considered Cost and Quality. Cost was important for the client as the customer had limited budget whereas the project was highly technical and complex in nature wherein high quality would be required.

Objective: The objective was to execute the project with best quality in lowest cost possible.

Constraint: The two constrain were limited budget for the project and high quality required by customer.

Yes, there were two objectives to complete the project in set budget and produce high quality deliverables.