Prepare a 3-5 page report (excluding the cover page, the reference page, and any tables and graphs), which demonstrate your ability to use linear programming to solve a real world problem. You need to collect your own data either from the web or from a company that you are familiar with. Please identify a real world scenario where you have a goal or target to maximize or minimize and a couple of constraints. Then, you need to translate this real world problem into a linear programming problem, where you will have an objective function and several linear constraints. Solve this linear programming problem and interpret your result(s) in terms of the slackness of each constraint. Finally, make real world recommendations based on your finding.
Hint: A word document with written description of assignment work will not receive any credits. The work must be supported by all the original details of your work on excel. Be sure to copy and paste your excel outcomes as part of your paper flow. You also must attach your Excel file with Worksheet details, to receive credits for statistical analysis. Finally, present your raw data, and excel output tables and graphs to illustrate how well your regression may fit into the actual series. You do need to analyze your own data, show output results, and discuss them in your paper.
Here are two links you may use to get the data: the Bureau of Economic Analysis and U.S. Bureau of Labor Statistics. Other sources are welcome as well.
Use APA format checklist (especially section headings) posted in the Announcement and the grading rubric for writing assignments in the syllabus.
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