ACE 563
Math. Programming for Applied Economists
Spring 2014
HOMEWORK ASSIGNMENT #2:
(Due date: March 10, 2014)
1) Consider the ethanol production and distribution problem in Assignment #1. Suppose the firm
projects an increase in its ethanol demands over

ACE 563
Math. Programming for Applied Econ. I
Spring 2014
HOMEWORK ASSIGNMENT #1:
A trans-shipment problem
(Due date: Feb.12, 2014)
An ethanol producer firm operating in three Midwest states, Nebraska (NE), Iowa (IA), and Illinois
(IL), has six refineries

CHAPTER 4
LINEAR PROGRAMMING SOLUTION METHODS
In Chapter 1 we defined the general linear programming problem and discussed its basic
properties. In chapter 2, we considered several prototype linear programming problems that can
be used as modeling example

CHAPTER 5
LINEAR INTEGER PROGRAMMING
An integer programming problem (IP) is a mathematical programming problem where some or
all of the decision variables can take integer values only. In this chapter we will introduce some
prototype IP problems including

CHAPTER ONE:
INTRODUCTION
Mathematical Programming is an area in applied mathematics that deals with finding the best
course of action(s) for complex decision making problems. Simple problems that involve a few
alternative courses of action can be solved

CHAPTER TWO
LINEAR PROGRAMMING AND SOME PROTOTYPE
LINEAR PROGRAMMING FORMULATIONS
2.1. Definition of the general mathematical programming problem
Optimization methods can be applied to various areas where complex decision making problems
arise. In the Int

CHAPTER THREE
SOLVING OPTIMIZATION PROBLEMS USING COMPUTERS
This chapter introduces the basics of two computer software, EXCEL and GAMS, that
can be used to solve optimization problems. EXCEL can solve small-scale linear, linearinteger and nonlinear probl