Linear Programming

User Generated

wnar50

Mathematics

Description

Select one (1) of the following topics for your primary discussion posting:

  • Identify any challenges you have in setting up a linear programming problem in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.
  • Explain what the shadow price means in a maximization problem. Explain what this tells us from a management perspective.

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Explanation & Answer

Hello, here is the solution. Thank you for your time

IDENTIFY ANY CHALLENGES YOU HAVE IN SETTING UP A LINEAR
PROGRAMMING PROBLEM IN EXCEL, AND SOLVING IT WITH SOLVER.
EXPLAIN EXACTLY WHAT THE CHALLENGES ARE AND WHY THEY ARE
CHALLENGING. IDENTIFY RESOURCES THAT CAN HELP YOU WITH THAT.

Excel a Microsoft product plays an important role in solving many mathematical problem and in
specific Linear programing problems using add on Solver. Excel is not only a commodity
spreadsheet but also a powerful development platform that can be used to develop VBA custom
application where the user cannot use the underlying application (excel).
Linear programming is a mathematical technique for ...


Anonymous
Just what I needed…Fantastic!

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