73-220-Lecture05 - LinearProgramming: ApplicationsI 73220...

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1 Linear Programming: Applications I 73-220 Lecture 05
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2 Objectives Understand common LP applications in the  major functional areas of business. Capable of formulating in mathematical  terms and solving such problems in  spreadsheet (either Solver or Management  Scientist).
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3 Agenda Review for Last Class Graphical solution to two-variable LP models Common Applications Specific Applications Portfolio selection Make-or-buy problem Next Class
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4 Common Applications Operations Diet, Production Planning, Blending,  Transportation, Product Mix Marketing Media Selection, Marketing Research Finance Portfolio Selection, Financial Planning HR Workforce assignment
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5 Specific Applications: Portfolio Selection An investment company currently has $10 million to invest. The  goal is to maximize expected return earned over the next year.  Their four investment possibilities and relevant rates of return 
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This note was uploaded on 11/28/2011 for the course FINANCE 101 taught by Professor Chan during the Spring '11 term at Aarhus Universitet.

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73-220-Lecture05 - LinearProgramming: ApplicationsI 73220...

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