MS07IP 2

.pdf
School
Chung-Ang University **We aren't endorsed by this school
Course
GSIS 01307
Subject
Business
Date
Apr 20, 2023
Pages
36
Uploaded by ChefMorning10509 on coursehero.com
Eunji Kim [email protected] College of Business Administration, CAU Integer Programming Management Science
§ Lots of problems! What kinds of problems can be solved? 2 Product Design Production Logistics Investment Component mix ratio Marketing Production quantity Order quantity Scheduling Human Resource Team building Advertisement Strategy Shipment volume Transportation Portfolio management
Up to now... § We formulated LP models for solving business problems. § We solved LP models by using the following methods: Graphical method Simplex method: by hands or MS Excel Solver § We conducted sensitivity analysis for obtaining insights without solving additional LP models. § You have to get familiar with the things above! Because it's the basic of this course... We will continue to repeat the process! 3
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