Business case definition

The first step towards a successful project is to define the business problem.

You must understand the domain and elements such as sets, indices, constants, decision variables, constraints and objective values for your project. Determine all the possible aspects that the project can provide.

Ask these questions:

  • What is the current process related to the business case?
  • Would optimization model specifically help with this issue? If so, how?
  • Will the project contribute to these objectives?
    • Save Time: time that could be re-invested into other initiatives.
    • Save Money: improving accuracy and efficiency across industries. For example, an optimal solution use case can save money from minimizing inventory costs or better employee scheduling.