Login

Create Account
+14156709189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
Linear Programming Models), Basic Statistics
#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 makeup 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, errorfree, 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 “Nonnegativity” 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. Restating 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
Applied problems, A company determines that the profit (P) in Pula and the ...
A company determines that the profit (P) in Pula and the advertising expenditure (e) in Pula have a linear relationship. a) Find an equation of linear relationship
Measures of dispersion, if a series of three observations has a mean andd m...
if a series of three observations has a mean andd median of 4 and mean absolute deviation of 4/3. what is the series
Historigram and histogram, difference between historigrams and histogram
difference between historigrams and histogram
Graph, Difference between Historigrams and Histogram
Difference between Historigrams and Histogram
How to stretch or shrink a graph, Q. How to stretch or shrink a graph? ...
Q. How to stretch or shrink a graph? Ans. If you have the equation of a graph, you can stretch or shrink the graph, in either the x or the y direction, just by multiplying
10k report information, Where are Cash Equivalents and Marketable Securiti...
Where are Cash Equivalents and Marketable Securities noted on a 10K report? What needs to be included as a minimum disclosure?
Assignment, i want you to make my buisiness statistics assignment
i want you to make my buisiness statistics assignment
Predetermined rates, #questKody Corporation uses a joborder costing system...
#questKody Corporation uses a joborder costing system with a plantwide overhead rate based on machinehours. At the beginning of the year, the company made the following estimates
Chi Square and Z tests, What is it that created the numerical relationship ...
What is it that created the numerical relationship between a chi square test and a z test?
Fluid mechanics, Find the kinematic and dynamic viscosities of air at a tem...
Find the kinematic and dynamic viscosities of air at a temperature of 189°F and a pressure of 29 psia using Sutherland''s equation and the ideal gas law .
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Courses
Engineering Courses
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work