MATH 540 Assignment: Week 8 Homework | Complete Solution

Assignment:

Week 8 Homework

Assignment 1.  Linear Programming Case Study 

Your instructor will assign a linear programming project for this assignment according to the following specifications. 

You will be turning in two (2) deliverables, a short write up of the project and the spreadsheet showing your work.

Writeup.  

Your write up 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. 

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.