essay
INTERFACES ARTICLE ASSIGNMENT
The purpose of this assignment is to provide you with some real-world
applications of Linear Programming and Optimization. You can do this
assignment as part of your group (i.e., treat this as a team assignment). First
find a journal called INTERFACES from the Rutgers library (you can access
this journal at libraries.rutgers.edu from home with your NetID and
password). Please review the VIDEO that tells you how to access
INTERFACES if you are not sure how to do this (look under the INTERFACES
folder on Sakai). Once you have access to INTERFACES, search for key
words such as “linear programming” or “mixed integer programming” or
“optimization” to find some article published within the last 10 years. READ
THE CHOSEN ARTICLE WITH YOUR TEAM AND THEN POST YOUR
COMMENTS ON THE INTERFACES FORUM. PLEASE NOTE THAT THERE IS A
DEADLINE FOR THIS POSTING. After reading the article, write your
comments on what you learnt in the INTERFACES FORUM. Minimally the
comments should address the following issues:
Q1: What company or organization used optimization or linear programming?
What was the broad purpose of the project?
Q2: State the key decision variables (in words) and state the objective
function in words (i.e., maximize profit or minimize cost or whatever the
objective was).
Q3: What were the key constraints? (in words)
Q4: What was the IMPACT of using the model? (e.g., millions of dollars saved
– some projects will not have a dollar impact but may improve some
operation. Write down whatever you find).
Q5: What were the key lessons learned from the project for the company?
Any other comments/observations are also welcome.
DO THIS AS A TEAM. MAYBE EACH TEAM MEMBER CAN WRITE ABOUT ONE
OF THE QUESTIONS ABOVE.
PLEASE NOTIFY ME OF THE FULL TITLE OF YOUR SELECTED ARTICLE ASAP.
I’ll notify the class that this article is assigned so that we do not have too
many replications. Please note that this is a graded assignment with a
DEADLINE.