Question Details

[answered] MGMT 206 Management Science 1 Project Paper Assignment (Lin


I've seen this answer on aceyourstudies already, but the answers did not include proper graphs as requested in the assignment so please do not answer with the already provided?responses.


MGMT 206 Management Science 1 Project Paper Assignment

 

(Linear Programming Models)

 

This is a chance to perhaps incorporate some of your experience, interests, and career business/management

 

goals and ambitions within the context of an individual project paper. Make-up your own problem and apply

 

the linear programming tools and techniques we have been learning (Chapters 7 and 8). You do not need to use

 

real data here; instead, a reasonable and plausible objective function and constraints will suffice.

 

Pretend your instructor is your boss or your client (i.e., you are a consultant). Your paper should be 100%

 

professional (neat, typed, error-free, descriptive, easy to read and follow, etc.) in nature. You are in college and,

 

for most of you, English is your native language; that should be reflected in the quality of your writing

 

(spelling, punctuation, grammar, etc.). At this point in your life and academic career this is assumed; i.e., you

 

get no credit for writing at an acceptable level... instead, you incur severe sanctions if you do not.

 

Your problem will have exactly two variables (an X1 and an X2) and will incorporate a maximization (either

 

profit or revenue) objective. You will include at least four constraints (not including the X1 ? 0 and X2 ? 0

 

[i.e., the ?Non-negativity? or ?Duh!?] constraints). At least one of these four must be a ??? constraint, and at

 

least one other must be a ??? constraint; do not include any ?= only? constraints. You must have a unique

 

Optimal Solution Point; i.e., no unboundedness or infeasibility problems and no alternative optimal solutions.

 

You will make up the context, the particular numbers (objective function coefficient values), and the

 

relationships (constraint equations and values) for your problem. Your model should be reasonable, plausible,

 

and thoughtfully derived and explained?but not necessarily an accurate reflection of reality (i.e., you can make

 

up the numbers).

 

Make sure you incorporate all of the topics we have gone over. Of course, it is clearly not good enough to just

 

?mention and briefly define? any of these topics and leave it at that; instead, you need to incorporate each in

 

your paper within the context of your problem/situation. Present and discuss your problem (background,

 

objective, constraints, etc.) in ?English? and then supplement that in ?Math? (linear programming) language.

 

(This is an extremely important part of your paper, and something that you will have to do a lot when you

 

graduate and start a career.) The overwhelming majority of your paper will be written in ?English,? with a bit

 

of ?Math? language stuff thrown in (as opposed to lots of ?Math? language with a bit of ?English? thrown in).

 

Draw each constraint equation?s own individual graph. Then draw one ?final? graph that includes the feasible

 

region, the optimal objective function line (you need to actually graph it; do not just estimate where it goes!),

 

and the optimal solution point. Perhaps the best way to draw these graphs is using a computer program such as

 

EXCEL.

 

Make sure you incorporate (as discussed above) your objective function, constraints, slack and surplus values,

 

optimal solution, optimal objective function value, sensitivity analysis, range of optimality, range of feasibility,

 

dual prices, shadow prices, reduced costs, and anything else that we have discussed that is relevant to your

 

project?s problem/situation.

 

While much of your work will be narrative, of course you should feel free to draw pictures, construct tables, use

 

(and explain!) math equations and ?math language,? etc., as you think appropriate and necessary. Re-stating

 

some or all of your computer output in some other form is certainly ok; in fact, that is a big part of this project.

 

Make sure you include a page number for all pages. MGMT 206 Management Science 2 Project Paper Assignment

 

(Linear Programming Models)

 

This paper is due by the last day of class. Of course, you can turn in your paper early if you so desire. No late

 

papers will be accepted. If you get started soon then you should have plenty of time to do a good job here.

 

My advice is to write the paper in sections, one or two at a time. In the interests of organization and reading

 

ease, give each section a title (and maybe include some sub-titles too where appropriate). Double-space the

 

text. Print on only one side of the paper (i.e., single-sided, not ?duplex?; nothing on the back of any sheet of

 

paper). Include a cover sheet/title page. Write your name(s) on the cover sheet only, nowhere else.

 

I know that you are all wondering ?How long should this paper be?? Well, the answer is, ?Long enough to get

 

the job done!? I would expect most papers to be about seven to ten or so pages in length?but that is just a very

 

general ballpark estimate. Of course in the real business world, which I want you to simulate here, there is

 

seldom a minimum page length requirement for projects and papers. You will simply be expected to write

 

enough to ?get the job done?; no less, no more.

 

This is your chance to shine and to be evaluated in a context other than pencil-and-paper exams. Report/Project

 

writing is a skill that you will need throughout your business career. Remember, your bottom-line mission here

 

is to impress me with your ability to implement, incorporate, and professionally communicate your knowledge

 

and understanding of linear programming as a business/ management tool, as opposed to a more purely

 

mathematical and mechanical comprehension of it.

 

As with all of your other work, your paper will be evaluated from an absolute, not a relative, perspective. In

 

other words, I do not grade ?on the curve? by comparing your paper to the work of any other paper in this or

 

any previous semester?s Quant Methods course?instead, your grade is based upon your adherence to all

 

prescribed dimensions of this assignment this semester and the excellence with which you implement this

 

assignment. Of course, everything you submit needs to be your (or you and your partner?s) work; i.e., you need

 

to produce your own submitted work-product.

 

Remember, discussing and explaining your problem and your findings via sufficient incorporation (not just

 

mere mention or token definition!) of the topics we discussed is a MAJOR part of this project and, therefore, of

 

your grade. This is the kind of stuff you might do in your business career.

 


Solution details:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Sep 18, 2020

PRICE: $15

Solution~0001013797.zip (25.37 KB)

Buy this answer for only: $15

This attachment is locked

We have a ready expert answer for this paper which you can use for in-depth understanding, research editing or paraphrasing. You can buy it or order for a fresh, original and plagiarism-free copy from our tutoring website www.aceyourhomework.com (Deadline assured. Flexible pricing. TurnItIn Report provided)

Pay using PayPal (No PayPal account Required) or your credit card . All your purchases are securely protected by .
SiteLock

About this Question

STATUS

Answered

QUALITY

Approved

DATE ANSWERED

Sep 18, 2020

EXPERT

Tutor

ANSWER RATING

GET INSTANT HELP/h4>

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

  • As a reference for in-depth understanding of the subject.
  • As a source of ideas / reasoning for your own research (if properly referenced)
  • For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

NEW ASSIGNMENT HELP?

Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN YOUR SET DEADLINE.

Order Now