It was with great sadness that we and many other colleagues, students, and friends learned about the passing of David Kendrick, Emeritus Professor of Economics at the University of Texas at Austin. He died on April 7, at an age of 86.
This blog post discusses the necessity of business optimization through the Binary Paintshop Problem, illustrating how businesses can minimize resource usage and improve efficiency by adopting optimization strategies. Using a simple example, the post showcases effective methods to tackle operational challenges, encouraging businesses to enhance processes for better productivity and cost management.
In early 2024, the last steps in the integration of the McCarl GAMS User Guide with the GAMS documentation will be completed. The McCarl Guide will no longer be pointed to or available from the GAMS docs, although it is available on Bruce McCarl’s web site or the GAMSWORLD forum (see links below). While these last steps may go unnoticed by many GAMS users, the integration process has resulted in a much better documentation that all have benefited from. Reaching this milestone provides us a good opportunity to look back at the history of the McCarl Guide. In this article, we consider the original purpose of the Guide, the positive impact it has had during the many years of its use, and the reasons for its retirement.