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Please do this correctly This is not a graded assignment, it is for practice -You are tasked to conduct a case study that collects data,
Please do this correctly This is not a graded assignment, it is for practice -You are tasked to conduct a case study that collects data, formulate an optimization problem, and helps a specific small/local business to make better plans. -You can use a representative business (use an alternative name, e.g., Clemson Coffee Shop to avoid bias) for your case study. You can also study a type of small businesses (e.g., local travel agents). Data collection is required. You can find data from publications, surveys, or simulations. Optimization must be the central task for this. Theme: Creating Smart and Connected Communities via Data-driven Optimization Four steps of the Deterministic OR study: 1 . Identify a problem and motivate the study 2 . Formulate the problem as an optimization 3. Collect data and solve the problem 4. Summarize discoveries and prepare the report. - Challenges of small businesses: - Limited Cash Flow - 82% of business failures are due to cash flow issues. - Overworked Staff Members - Businesses with
Please do this correctly
This is not a graded assignment, it is for practice
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