OR case study - Objective The objective of the term project...

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Objective The objective of the term project is to provide you with an opportunity to apply the principals of deterministic operations research to a complex problem. This handout describes the expectations and guidelines for the proposal and the overall project. Guidelines You will work in your assigned groups. We will work on the case study described on the following page. You will play the role of decision consultants. You must give your draft report to someone from outside the OR field/major to read, make comments on, and initial. Your study should include the following key steps: 1) Problem definition. Clearly state the problem, including any assumptions, and all relevant constraints. Discuss the values that are implied by the problem description. 2) Problem Formulation. Formulate a mathematical model of the problem. Implement this model on Excel (or another software if you prefer). 3) Problem Solution. Arrive at a preliminary problem solution. 4) Sensitivity analysis. This is the core of the project . You must analyze how small changes in the data, assumptions, or constraints will change the optimal solution. Based on a thorough sensitivity analysis, you should come up with alternate solutions for your clients . Be sure to calculate, understand, apply, and explain the shadow prices. 5) Conclusions and recommendation . The final step is to digest your analysis results, draw conclusions and formulate a recommended course of action. Your report must be free of jargon. It must be clearly written and understandable by any intelligent adult. Deliverables The specific deliverable associated with this case study is a formal, hard copy report describing your study findings. Although the exact format of the report is up to your discretion, a comprehensive report should include the following sections: Executive summary (not to exceed 1 page) o An executive summary is intended to be a 30-second overview of the most important points in the report. It is what a very busy executive would read to decide how much time, if any, he or she wants to spend on the report. It should not be a teaser – it should contain any key findings or conclusions. Table of Contents Problem definition (Clearly state the problem you are attacking. Make all of your key assumptions clear) Study Analysis Findings, conclusions and recommendation Appendices (backup calculations and supporting documentation) Reports should be well organized, complete and succinct (i.e., quality is not measured in reams of paper). However, there should be sufficient detail to ensure my satisfaction with the depth of the analysis performed.
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Your report should not be written as a narrative: “First we did this, and then we discovered that, so we tried this…” Your report should show the results of the base case; and
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OR case study - Objective The objective of the term project...

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