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311_session_13_practical_lp

311_session_13_practical_lp - Practical Linear Programs...

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1 Practical Linear Programs BUAD311 Operations Management Session 13
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2 Objectives More on Excel Solver and linear programs Sensitivity Analysis
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Study Abroad Problem There are 9 students. There are 9 international destinations. Every student must visit one location (and one location only.) If possible, the school wants to send one student to each destination. We don’t want to send everybody to Paris. Result of student survey can be found in study_abroad_assignment.xls 3
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Study Abroad Problem Binary variables Either 1 or 0 “FDA approves our drug” or “FDA doesn’t” “This student goes to London” or “She doesn’t” How to implement the constraints? What is our objective function? 4
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Sensitivity Analysis What if we change RHS of one constraint slightly? Optimal objective value? Optimal decision variables? What if the unit profit (or cost) was changed? Optimal objective value?
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