Is there a way to use solver in a way to maximise X wilst using as little of budget Y as possible?
Looked onlime but can't find any MOLP videos using excel, mainly just mathematical literature.
this comes about as after using solver, I noticed that If one choice was used instead of another, it would turn out cheaper whilst still satisfying all constraints, as I had just set objective to maximise X.
I've tried looking at maximum X, but since that is the goal and there is no minimum Y constraint, I cannot find a solution that satisfies max X in the most economically efficient way.
I am using simplex LP.
Thanks.
CodePudding user response:
I think this is what you want:
- Solve maximizing X
- Fix X to its optimal value
- Solve minimizing Y
The problem is called a pre-emptive MOLP and this algorithm is called lexicographic.