What real-world problems does this network model solve?
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This network model solves real-world problems like:
- Logistics optimization: Efficiently transporting goods.
- Supply chain management: Matching supply with demand.
- Route planning: Reducing delivery costs or times.
- Infrastructure planning: Designing efficient networks.
The network model in operations research and optimization is used to solve a wide variety of real-world problems across different industries. These problems generally revolve around optimizing the flow of resources (such as goods, information, or services) within a network subject to various constraints.