73-220
Quantitative Decision Models I
Assignment #3
2017 Winter Term
Due Date: Friday, March 24, 2017
Instructions:
1. Assignments are only accepted electronically through the Blackboard. To submit yo
Integer Programming:
Applications
73-220
Lecture 16
1
Agenda
Review of last class.
Applications of using binary decision
variables.
More IP applications
Capital budgeting
Fixed cost
Distribution d
Project Scheduling:
PERT/CPM
73-220
Lecture 18
1
Agenda
Review of last class.
PERT/CPM with known activity times
Project scheduling PERT/CPM
Project scheduling with uncertain
activity times
Next Cla
Midterm Review
73-220
Lecture 12
1
Agenda
Review Last Class
Network models.
Midterm review
Next Class
2
Date, Time, and Place.
Friday, Mar 03, 17:30-20:30
TC200, TC202 and TC204.
Please find your
Integer Programming: Binary
Decision Variables
73-220
Lecture 15
1
Agenda
Review of last class.
Sufficient and necessary conditions by
binary decision variables.
Solutions to the four homework
probl
RMC Inc. LP Problem
Material
Material 1
Material 2
Material 3
Profit per ton
Material Requirements
Fuel Additive
Solvent Base
0.4
0.5
0
0.2
0.6
0.3
40
30
Amount Available
20
5
21
Model
Fuel Additive
T
Portfolio Planning
Return per dollar invested
Investment Portfolio (in $M)
Upper Limit
Expected total return
Amount invested in TB & CS
Amount invested in MM & MB
Total investment
Treasury bonds Commo
CHAPTER 1: Introduction
Body of Knowledge
Problem Solving and Decision Making
Quantitative Analysis and Decision Making
Models of Cost, Revenue, Profit and Break-Even
Analysis
Management Science
THE GRAPHICAL METHOD IN LINEAR
PROGRAMMING
EXAMPLE: RMCS PRODUCT MIX PROBLEM
RMC, Inc. is a firm that produces a variety of chemical products. In a particular
process, three raw materials are blended
QUANTITATIVE DECISION MODELS I
73-220
USING EXCEL FOR BREAKEVEN ANALYSIS (For a similar example, see Section
1.4 pp. 14-16 and Appendix 1.1 on pages 26-29, Textbook 14e).
The Great Threads Company sel
QUANTITATIVE DECISION MODELS I
73-220
LINEAR PROGRAMMING (LP) is one of the most successful quantitative approaches to decision
making. The following examples, which will be discussed in class, show h
Intro to Linear Programming and
Model Formulation
(Chapters 2, 3, and 4)
Linear Programming
Linear programming (LP) is concerned with the
allocation of limited resources (such as
money, labour, mater
Great Threads direct mail model
This spreadsheet illustrates the use of two useful Excel functions: (one-way) Data Table function and the Goal Seek func
Mailing inputs
Fixed cost of printing
Variable
Quantitative Decision Models I
73-220-30
Fall 2017
ASSIGNMENT #2
2017 Fall Term
Note REVISED Due Date: Saturday, October 21, 2017
Instructions:
1. Submit an electronic version of your assignment throu