Business Decision Models
Transportation, Transshipment, and
Understand the three types of LP
BUSINESS DECISION MODELS
Excel Solver Solution and Sensitivity
Excel Solver solution
in RHS of constraints (Shadow
Price and Range of Feasibility)
BU275: Business Decision Models
Introduction to Linear Programming and
Linear Programming (LP): Model Construction
A Maximization Problem
Graphical Method: Version1 and Ve
First formulate the problem as an LP problem.
For all problems, determine the feasible region.
For all problems determine all the corner points of the feasible region.
Determine the opti
Sensitivity Analysis: Homework Problems
A business student is working on a product-mix question, and he employed a linear
programming model to determine a portfolio of products 1, 2, 3, and 4. A partial
sensitivity report obtained after solving the pro