ass04_due021908 - for consideration – multiple products...

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ISE310 Spring 2008 Session 08 02/11/08 Assignment 04 Due 02/19/08 (6 points) 1. This is a team assignment. All team members get the same grade. If a student does not contribute to the homework, the team should so indicate. The team does not have to be permanent, but this can be a good start towards your first project. 2. You are to construct a problem along the lines of Chapter 5. Describe the problem you are solving in words, followed by equations and a solution derived with solver. Discuss the solution – how you arrived at it, how reasonable it is, what you think of it, how it might be improved, etc. 3. Write a one-paragraph summary suitable for senior management, acquainting them with the results of your study. 4. Some suggestions
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Unformatted text preview: for consideration – multiple products, more than one level of distribution, varying taxes and tariffs by market, initial costs and operating costs, location of sources, customers and manufacturing plants. Keep in mind that solver is limited and you need to keep your variables within its limits. Build your model slowly and carefully in small parts – it is much easier to debug. 5. Summarizing, your output should be the summary, the body of your report and the Excel solution that can be read without too much difficulty by someone familiar with Excel, Solver, and optimization problems. Use a single Excel file – you can either type into it for the written part or copy bitmaps from Word or Powerpoint....
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