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.