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Week 8PART 1Discussion Practice setting up linear programming models for business applications:Select an even-numbered LP problem from the text, excluding 14, 20, 22, 36 (which are part of your homework assignment). Formulate a linear programming model for the problem you select.PART 2Assignment 1 Linear Programming Case StudyYour instructor will assign a linear programming project for this assignment according to the following specifications.It will be a problem with at least three (3) constraints and at least two (2) decision variables. The problem will be bounded and feasible. It will also have a single optimum solution (in other words, it won’t have alternate optimal solutions). The problem will also include a component that involves sensitivity analysis and the use of the shadow price.You will be turning in two (2) deliverables, a short writeup of the project and the spreadsheet showing your work.Writeup.Your writeup should introduce your solution to the project by describing the problem. Correctly identify what type of problem this is. For example, you should note if the problem is a maximization or minimization problem, as well as identify the resources that constrain the solution. Identify each variable and explain the criteria involved in setting up the model. This should be encapsulated in one (1) or two (2) succinct paragraphs.After the introductory paragraph, write out the L.P. model for the problem. Include the objective function and all constraints, including any non-negativity constraints. Then, you should present the optimal solution, based on your work in Excel. Explain what the results mean.Finally, write a paragraph addressing the part of the problem pertaining to sensitivity analysis and shadow price.Excel.As previously noted, please set up your problem in Excel and find the solution using Solver. Clearly label the cells in your spreadsheet. You will turn in the entire spreadsheet, showing the setup of the model, and the results.
Please help me understand Week 8 mat540

Please help me understand Week 8 mat540

Question # 00023424 Posted By: princessj Updated on: 08/18/2014 11:49 AM Due on: 08/24/2014
Subject General Questions Topic General General Questions Tutorials:
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Please help me understand Week 8 mat540
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Week_8_discussion_and_assignment.docx (13.65 KB)
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HW8_answer_sheet.xlsx (23.53 KB)
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  1. neil2103
    Tutorial # 00022810 Posted By: neil2103 Posted on: 08/18/2014 11:58 AM
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