Linear Programming Mastery Assignment Spring 2014
Linear Programming Mastery Assignment Spring 2014
Linear Programming
Part 2: 3uppose that %ou are a local business owner and %ou ha!e products that %ou want to sell. 4our first step is to identif%
what t%pe of business %ou want to own and then identif% two products that %ou want to produce and sell. 4ou will start %ou business with 516 666. For this pro-ect ignore costs associated with "eeping the business running li"e rent heat electric etc. /ssume that all costs are alread% ta"en care of and the 516 666 %ou ha!e is -ust for producing %our product. 7he onl% restriction %ou ha!e in terms of spending the 516 666 is that %ou can not spend more than three *uarters of it on the production of one of the products. 8se linear programming to set up a profit model for %our business. 4ou will need to arbitraril% assign costs for the production of each product and then determine how much %ou are going to sell %our product for. 4ou will then de!elop a profit model and set up a s%stem of restrictions. 4ou will need to graph those restrictions and then determine what %ou will need to sell in order to ma9imi$e %our profit. 4ou will want to set up a table to help %ou organi$e %our data. :a"e sure that %ou clearl% identif% %our profit model and restrictions. 4our graph should be neatl% constructed and properl% labeled. :a"e sure that %ou identif% all critical points and then determine how %ou will reach ma9imum profit. 3tudents need to sol!e their linear programming problem show all their wor" and present their solution#wor"#findings in a pre$i st%le presentation. ; 83E P/<7 ) /3 / =8)>E; Project Component 1. &ariables are clearl% and accuratel% defined. '. (onstraint )ne*ualities are clearl% and accuratel% written. +. ,b-ecti!e E*uation is clearl% and accuratel% written. .. / neat and well0labeled graph of the (onstraints is shown. 1. /nal%sis of the ,b-ecti!e is accurate and clear. 2. /n accurate and clear conclusion statements is gi!en. "#"AL P#$N"S %Part 2&: (' points Meets Req irements !oes Not Meet Req irements
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