A stochastic integer programming based constrained optimization technique
enables optimal allocation of classrooms and instructors to requested
classes associated with cancellation probabilities. An analytical tool
allows optimization of overall operational revenue/profit under different
planning scenarios involving chaining of various classes, prerequisite
relationships, and inter-class spacing requirements. This system allows
the description and input of a list of classes, their cancellation
probabilities and the input of available classrooms and instructors for
determining the most revenue-generating/profitable class schedule. The
revenue/profit optimization model corresponds to a two-stage mixed
integer program.
