Question: 1 . Formulate the business scenario as a linear programming problem. Show the objective, the constraints, and decision variables. 2 . Use the graphic approach

1. Formulate the business scenario as a linear programming problem. Show the objective,
the constraints, and decision variables.
2. Use the graphic approach (in Word/Excel or hand drawing) to show the constraints, the
feasible region, and the optimal solution.
3. Use Excel OM package or Excel Solver Add-in to help you solve the problem. What are
the optimal decisions and what is the optimal objective value?
4. Recently, there is a promotion for savings with 5% interest rate, and you would like to
keep exact $1,000 savings in your total investment. Formulate these changes as a new LP
problem to show the objective, the constraints, and decision variables.
5. Use Excel OM package or Excel Solver Add-in to help you solve the new LP problem
above. What are the optimal decisions and what is the optimal objective value?
1. Formulate the business scenario as a linear programming problem. Show

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