Solve two optimization problems with written reports.
This is a continuation of the two problems you started to work on in part 1. Please make sure you understand that assignment before moving on to the written report.
The final part of this assignment is to calculate the optimal solution to the problems analyzed in Part 1, and present a report of the solution in your own words. The graph, final tableau, or Excel spreadsheet used to solve the problem does not describe the solution clearly, so it is important that you be able to express the solution in a meaningful way.
Submit a Document (in either Microsoft Word or Pages) for each problem responding to the question asked in each problem. Write your response in a professional manner, as if you were reporting to a supervisor, and include your work.
The Written Report must include:
- The optimal value of the objective function.
- The values for the variables for optimal solution
- Any constraints that are not fully utilized by the optimal solutions (slack variables)
- Suggestions about how the optimal solution could be improved
- You must show your work as part of your report.
Some important notes about the written report
- Make sure that the suggestions contain actual quantitative suggestions. If you suggest changing a value in the problem, choose a value and report the new results.
- Along with the written report, you must demonstrate two different techniques for solving optimization problems. You must include two of the following to accompany your reports .
- A Graph showing the feasible area and boundary points (note: only for 2 variable problems)
- An Excel spreadsheet used alongside the Solver add-in
- Initial and intermediate tableaus used in the Simplex Method
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