MAT 540 Week 8 Assignment 1 Linear Programming Case Study

MAT 540 Week 8 Assignment 1 Linear Programming Case Study


A
Asked by 2 years ago
0 points

A+ Grade Solutions

Strayer University

MAT 540 Week 8 Assignment 1: Linear Programming Case Study

Assignment 1: Linear Programming Case Study

Your 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.

MAT 540
ajotatxe

1 Answer

A
Answered by 2 years ago
0 points

Oh Snap! This Answer is Locked

MAT 540 Week 8 Assignment 1   Linear Programming Case Study

Thumbnail of first page

Excerpt from file: Linear Programming A. Problem Description: A firm produces two products- Chairs and Tables. Time and material required to produce one unit of each product is given in the table below. Chair Table Per unit Wood (Kg.) labor (hr) 12 6 10 9 In a month, maximum 400 hr of labor and 700 Kg wood can be

Filename: mat-540-week-8-assignment-1-linear-programming-case-study-25.zip

Filesize: < 2 MB

Downloads: 0

Print Length: 4 Pages/Slides

Words: 879

Your Answer

Surround your text in *italics* or **bold**, to write a math equation use, for example, $x^2+2x+1=0$ or $$\beta^2-1=0$$

Use LaTeX to type formulas and markdown to format text. See example.

Sign up or Log in

  • Answer the question above my logging into the following networks
Sign in
Sign in
Sign in

Post as a guest

  • Your email will not be shared or posted anywhere on our site
  •  

Stats
Views: 6
Asked: 2 years ago

Related