Posts tagged ‘data smart’

Normal Distribution Curve

In the orange juice problem, you’re trying to blend juices to take out variability, so is it reasonable to expect that the product you’re getting from your suppliers In the orange juice problem, you’re trying to blend juices to take out variability, so is it reasonable to expect that the product you’re getting from your suppliers won’t have variable specs? Chances are that shipment of Biondo Commune orange juice you’re getting from Egypt won’t have an exact 13 Brix/Acid ratio. That may be the expected number, but there’s probably some give around it. And oftentimes, that wiggle room can be characterized using a probability distribution. A probability distribution, loosely speaking, gives a likelihood to each possible outcome of some situation, […] Continue Reading

Optimization Modeling: Because That Fresh Squeezed Orange Juice Ain’t Gonna Squeeze Itself

When you were a child, perhaps there came that day when someone explained to you that Santa Claus didn’t exist, outside of men with bad rosacea dressed up at the mall. Well, today I’m going to shatter another belief: your not-from-concentrate premium orange juice was not hand squeezed. In fact, the pulp in it is probably from different oranges than the juice, and the juice has been pulled from different vats and blended according to mathematical models to ensure that each carafe you drink tastes the same as the last. Consistent taste in OJ year round isn’t something that just anyone can pull off.  Oranges aren’t in season in Florida year round. And at different times of the year, different […] Continue Reading

Show Buttons
Hide Buttons