#This is a chance to perhaps incorporate some of your experience, interests, and career business/management goals and ambitions within the context of an individual project paper. I want you to make-up your own problem and apply the linear programming tools and techniques we have been learning (Chapters 7 and 8). So you do not need to use real data here; instead, a reasonable and plausible objective function and constraints will suffice.

Pretend I am your boss or your client (i.e., you are a consultant). So I expect this paper to be 100% professional (neat, typed, error-free, descriptive, easy for me to read and follow, etc.) in nature. You are in college and, for most of you, English is your native language; that should be reflected in the quality of your writing (spelling, punctuation, grammar, etc.). At this point in your life and academic career this is assumed; i.e., you get no credit for writing at an acceptable level... instead, you incur severe sanctions if you do not.

Your problem will have exactly two variables (an X1 and an X2) and will incorporate a maximization (either profit or revenue) objective. You will include at least four constraints (not including the X1 = 0 and X2 = 0 [i.e., the “Non-negativity” or “Duh!”] constraints). At least one of these four must be a “=” constraint, and at least one other must be a “=” constraint; do not include any “= only” constraints. You must have a unique Optimal Solution Point; i.e., no unboundedness or infeasibility problems and no alternative optimal solutions.

You will make up the context, the particular numbers (objective function coefficient values), and the relationships (constraint equations and values) for your problem. I expect your model to be reasonable, plausible, and thoughtfully derived and explained—but not necessarily an accurate reflection of reality (i.e., you can make up the numbers).

Make sure you incorporate all of the topics we have gone over. Of course, it is clearly not good enough to just “mention and briefly define” any of these topics and leave it at that; instead, you need to incorporate each in your paper within the context of your problem/situation. Present and discuss your problem (background, objective, constraints, etc.) in “English” and then supplement that in “Math” (linear programming) language. (This is an extremely important part of your paper, and something that you will have to do a lot when you graduate and start a career.) The overwhelming majority of your paper will be written in “English,” with a bit of “Math” language stuff thrown in (as opposed to lots of “Math” language with a bit of “English” thrown in...).

Draw each constraint equation’s own individual graph. Then draw one “final” graph that includes the feasible region, the optimal objective function line (you need to actually graph it; do not just estimate where it goes!), and the optimal solution point. Perhaps the best way to draw these graphs is using a computer program such as EXCEL.

Make sure you incorporate (as discussed above) your objective function, constraints, slack and surplus values, optimal solution, optimal objective function value, sensitivity analysis, range of optimality, range of feasibility, dual prices, shadow prices, reduced costs, and anything else that we have discussed that is relevant to your project’s problem/situation.

While much of your work will be narrative, of course you should feel free to draw pictures, construct tables, use (and explain!) math equations and “math language,” etc., as you think appropriate and necessary. Re-stating some or all of your computer output in some other form is certainly ok; in fact, that is a big part of this projectquestion..

Posted Date: 11/28/2012 6:30:59 PM | Location : United States

Ask an Expert

Related Discussions:- Linear Programming Models), Assignment Help, Ask Question on Linear Programming Models), Get Answer, Expert's Help, Linear Programming Models) Discussions

Write discussion on Linear Programming Models)
Your posts are moderated

Write your message here..

Related Questions

Time series, what are the uses of time series what are the uses of time series

Using a venn diagram evaluate the probability, Question: (a) 100 indiv... Question: (a) 100 individuals applied for systems analyst positions with a large firm during the past year. 40 of them had some prior work experience (W), and 30 had a profes

Direct costing and absorption costing, why is net profit always greater in ... why is net profit always greater in absorption costing than in direct costing?

Cost behavior/classificationq, Shipping costs on Merchandise sold--it is a ... Shipping costs on Merchandise sold--it is a variable cost, but is it a selling/adminstrative cost or product cost? Is it direct or indirect?

T-distribution, How does the t-distribution changes its shape with the chan... How does the t-distribution changes its shape with the change of the size of the sample?

Normal Approximation to Binomial Probability Distribution, A machine that f... A machine that fills quart milk cartons is set up to average 32.2 oz per carton, with a standard deviation of 1.2 oz. Assume a normal distribution for all of the cartons filled, wh

Chapter 7, A study of long term phone calls made from general electricss co... A study of long term phone calls made from general electricss corporate headquarters in fairfeild, conneticuit, revealed the length of the calls, in minutes follows the normal prob

Vital statistics, what are the methods of measuring mortality and fertility... what are the methods of measuring mortality and fertility rates?

Spectral Hydrogen Atom, Long before Bohr gave his theory of hydrogen atom, ... Long before Bohr gave his theory of hydrogen atom, various scientists had observed experimentally, the spectral series of hydrogen atom. Bohr offered a theoretical explanation of t

How does an amplifier work, Expertsmind.com  brings you unique solution in ... Expertsmind.com  brings you unique solution in  physics An audio amplifier setup will have a power amplifier and usually a preamplifier.  The preamplifier takes the wea