LP Scheduling Problem
The number of drivers required each day of the week for the Festus Bus Company are as
follows:
Monday
Tuesday
Wednesday
Thursday
Friday
Saturday
Sunday
18
16
15
16
19
14
10
Each employee is entitled to 2 consecutive days off per week

Problem 1
An electronics firm is currently
manufacturing an item that has a variable
cost of $0.60 per unit and selling price of
$1.10 per unit. Fixed cost are $15,500.
Current volume is 32,000 units. The firm
can substantially improve the product quality

CHAPTER 1 ANSWERS
1. Decision modeling is the scientific approach to managerial decision-making. This type of analysis is a
logical and rational approach to making decisions; often mathematical. Emotions, guesswork, and whim
are not part of the decision m

Problem 1
An electronics firm is currently manufacturing an
item that has a variable cost of $0.60 per unit
and selling price of $1.10 per unit. Fixed cost are
$15,500. Current volume is 32,000 units. The
firm can substantially improve the product
quality

Assigments:
Number scheduled
Pay
Constraints:
Monday need
Tuesday need
Wednesday need
Thursday need
Friday need
Saturday need
Sunday need
Part time limit
Begin
Mon
9
$375
1
1
1
1
1
Begin Tue
2
$395
Begin
Wed
0
$430
Begin
Thu
5
$430
1
1
1
1
1
1
1
1
1
1
1
1

DISCUSSION QUESTIONS (HW-2)
Chapter 4:
4.1) Discuss the role of sensitivity analysis in LP. Under what circumstances is it needed, and
under what condition do you think it is not necessary
In most real world situations that are modeled using LP, condition

CHAPTER - 6
INTEGER, GOAL AND NONLINEAR PROGREMMING
MODELS
Question1:
and GP.
Answer:
Compare the similarities and differences of LP
Similarities: Linear Programming (LP) and Goal
Programming (GP) models come under mathematical
programming and are used in

CHAPTER - 4
LINEAR PROGRAMMING SENSITIVITY ANALYSIS
Question1:
Discuss the role of sensitivity analysis in LP.
Under what circumstances is it needed, and under
what condition do you think it is not necessary.
Answer:
In most real world situations that are

The Festus Bus Company
M
Number of Drivers
Weekly Labor Costs
Constraints:
Drivers needed on Monday
Drivers needed on Tuesday
Drivers needed on Wednesday
Drivers needed on Thursday
Drivers needed on Friday
Drivers needed on Saturday
Drivers needed on Sund

CHAPTER -1
INTRODUCTION TO MANAGERIAL DECISION MODELING
Question 1:
Define decision modeling. What are some of the
organizations?
That supports the use of the scientific approach?
Answer:
Decision modeling is a Scientific approach to managerial
decision-m

A Website
Known Parameters
Selling price per unit
Fixed Cost
Variable cost per unit
$0.06
15000
$0.02
Variables
Number of units, X
375000
Results
Total revenue
Fixed cost
Total variable cost
Total cost
Profit
(a) The Website must be accessed 375,000 times

Cleaning Crew
Number of units
Profit
Constraints:
Houses Contracts
Labor Hours
H
L
D
Houses
8.00
90
Lawyer's
Office
0.00
133
Doctor's
Office
7.00
250
1
6
$2,470
8.00
7
10
118.00
LHS
>=
8
<=
Sign
120
RHS
The best mix would be 8houses and 7 Doctor's office

House Cleaning
Houses
Number of Units
profit per hour
working hours
profit per unit
Constrains:
Working time limit
house number
Laywer
Doctor
8
0
7
$ 15.00 $ 19.00 $ 25.00
6
7
10
$ 90.00 $ 133.00 $ 250.00 $ 2,470.00
6
1
7
10
118 <=
8 >=
120
8
Gaubert Mark

Festus Bus Company
Mon
Number of Drivers
Cost/(person,week)
Constraints:
Monday needs
Tuesday needs
Wednesday needs
Thursday needs
Friday needs
Saturday needs
Sunday needs
Part Time
Tue
Wed
Thu
Fri
Sat
Sun
Part Time
9
2
1
4
1
4
0
$ 375 $ 395 $ 430 $ 430 $

Problem 1
Goal Seek A
GS A
Known parameters:
Selling price per unit
Fixed cost
Variable cost per unit
Results
Total revenue
Fixed cost
Total variable cost
Total cost
Profit
GS B
Known parameters:
$10.00
$70,000.00
$7.20
Input Data
Number of units, X
Goal

Cleaning Crew
Number of units
Profit
Constraints:
Houses Contracts
Labor Hours
H
L
D
Houses
8.00
90
Lawyer's
Office
0.00
133
Doctor's
Office
7.00
250
1
6
$2,470
8.00
7
10
118.00
LHS
>=
8
<=
Sign
120
RHS
The best mix would be 8houses and 7 Doctor's office

Problem 1-19
Known parameters:
Selling price per unit
Fixed cost
Variable cost per unit
$0.06
$15,000.00
$0.02
Input Data
Number of units, X
Results
Total revenue
Fixed cost
Total variable cost
Total cost
Profit
Answer - (a) - 375000 times website be acce

Cleaning Crew
Number of units
Profit
Constraints:
Houses Contracts
Labor Hours
H
L
D
Houses
8.00
90
Lawyer's
Office
0.00
133
Doctor's
Office
7.00
250
1
6
2470
8.00
7
10
118.00
LHS
>=
8
<=
SIGN
120
RHS
The best mix would be 8houses and 7 Doctor's office to

Backpack Manufacturer
Number of units
Selling Price
Labor Cost
Material Cost
Profit
Constraints:
Yards for Canvas model
Yards for Plastic model
Yards for Nylon model
Yards for Leather model
Max worker hours for Canvas Model
Max worker hours for Nylon Mode

Anjali Khandelwal
IT 608: Managerial Decision Modeling
Chapter6: Integer, Goal and Nonlinear Programming Models
6-1: Compare the similarities and differences of LP and GP.
Mathematical programming techniques such as Linear Programming have their objective

Section 2: Balance Sheet Analysis
1. Vertical analysis of Bojangles , Inc. (BOJA)
Account
Assets
Current Assets
Cash and cash equivalents
Accounts and vendor receivables, net
Accounts receivable, related parties,
net
Inventories, net
Other current assets

4-1) Discuss the role of sensitivity analysis in LP. Under what circumstances is it needed,
and under what condition do you think it is not necessary.
In most real world situations that are modeled using LP, conditions are dynamic and
changing. Hence, inp

Ch6-1 Compare the similarities and differences of LP and GP.
LP and GP both assume that a problems objective function and constraints are linear. It means
that they cannot contain nonlinear terms.
In LP models, we try to find the best possible value for a

Backpack Manufacturer
Canvas
Number of Units
Selling price
Material cost
Labor cost
Profit
Constraints:
Square Yards of Canvas
Square Yards of Plastic
Square Yards of Nylon
Square Yards of Leather
Working hours on Canvas or Plastic
Working hours on Nylon

Ch1-1: Define decision modeling. What are some of the organizations that support the use of
the scientific approach?
Decision modeling is a scientific approach to managerial decision making. It is also the
development of a model of a real-world problem sc

IT608-Homework #1 By Nagaraju Paida
Problem 1-22
Students in st.Joseph school has
Each of whom currently pays
budget for upcoming year
church appropriation
Total amount that students pays
Total money that school will have
Total amount Shortfall
Raise Tuti

Problem 22
Problem23
Known Parameter
Budget for year
Church contribution
Current fees
Known Parameter
Budget for year
Church contribution
Current fees
No. of church Students
Variables
No. of Student, X
Results
Total fees
Chruch contribution
Current total