Explain the differences between these two and why the first, Operation Management

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Explain the differences between these two and why the first

Please explain the differences between these two and why the first choice is better than the other one.

1. Closed-form versus numerical optimization

2. Exact optimization versus heuristic optimization

3. Heuristic optimization versus simulation of some specific solutions.

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Operation Management: Explain the differences between these two and why the first

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Operation Management: Explain the differences between these two and why the first

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