GSB 622 Decision Support Systems LINEAR PROGRAMMING & EXCEL SOLVER PART B: LINEAR PROGRAMMING EXAMPLE — MINIMIZATION The Electro-Wiley Corporation is the world’s leading manufacturer of slip rings. A slip ring is an electrical coupling device that allows current to pass through a spinning or rotating connection – such as a gun turret on a […]
Consider that the calcium requirement is raised to 54 units. Calculate and provide an economic interpretation of the shadow price associated with calcium.
Linear Programming HW Answer the following questions on Linear Programming . A manager has formulated the following LP problem. Draw the graph and find the optimal solution. Maximize: 10x+15y, subject to 2x+5y ≤ 40 and 6x+3y ≤ 48. An athlete carefully watches her intake of calcium, protein, and calories. Her breakfast diet consists mainly of […]
Which technique do you find easier to use? Which would you be more likely to implement within an actual operational setting?
Discussion post Linear programming is applied to operations management problems as a means for determining optima–for example, maximizing profits or minimizing costs. This module introduces both graphical methods as well as the technique of using the Microsoft Excel solver. Which technique do you find easier to use? Which would you be more likely to implement […]
Calculate how many units of each model should National make each month to maximize its monthly profit?
Linear Programming National Business Machines manufactures x model A portable printers and y model B portable printers. Each model A costs $100 to make, and each model B costs $150. The profits are $40 for each model A and $35 for each model B portable printer. If the total number of portable printers demanded per […]
Research a topic that will emulate a real life situation for which a company/organization might seek an answer and chose to perform analysis to evaluate alternative courses of action.
Starbucks DATA ANALYTICS PROJECT – PART 4 You must complete a final Business Analytics Project that addresses a business problem using the tools learned in this course along with real-world data. Research topics should emulate a real life situation for which a company/organization might seek an answer and chose to perform analysis to evaluate alternative […]