Learning Objectives

At the end of the module, the student will: Have an appreciation for the broad range of problems linear programming has been used to solve in practice. Be able to identify special features of a model that make it a linear programming model. Understand the concepts of maximize/minize an objective function; and binding and non-binding constraints. Be able to formulate linear programming model objective functions and constraint equations. Know how to interpret the computer output of a linear programming problem. Be able to interpret the sensivity analysis of the computer output of a linear programming problem.

Readings

Anderson, D., Sweeney, D., and Williams, T. (1998). Quantitative Methods for Business (7th ed.). Cincinnati, OH: South-Western College Publishing. Chap 7 Linear Programming (to page 225) Chap 8 Linear Programming: Formulation, Computer Solution, and Interpretation Chap 9 Linear Programming Applications (Scan) Anderson, D., Sweeney, D., and Williams, T. (2000). The Management Scientist for Windows 95, Windows 98, and Windows NT (Version 5.0). Cincinnati, OH: South-Western College Publishing. Chap 2 Linear Programming

Notes

The following topics are included in summary notes for Module Three. Module 6.1 Notes: Problem Formulation Module 6.2 Notes: Computer Solution and Interpretation Module 6.3 Notes: Applications

Assignment

The case assignment for Module 6 is Parts 1 - 4, "Investment Strategy," pp. 392 - 393 in the text. The Management Scientist Linear Programming Module is used to provide information needed to answer questions in Parts 1 - 4. of the case. You may answer the questions in Parts 1 - 4 directly in an e-mail text to the instructor. Insert the appropriate Management Scientist Linear Programming OUT file in the e-mail. Alternatively, you may prepare your answers to Parts 1 - 4 in a Word document attached to an e-mail to the instructor. The appropriate Management Scientist Linear Programming OUT file may be inserted in the Word Document or separately attached to the e-mail to the instructor. As a final alternative, you may fax your answers in a Word document and computer printout to the instructor at (941) 590-7330. Case 6 is due April 7, 2001. Case 7 is incorporated in Module 6.3 Notes. Each student is awarded 5 points.

About the Course

Module Schedule

WebBoard