Question: Formulate your Own Problem: Along with business problems, almost everyday in your daily life you face with problems where you need to choose among alternatives
Formulate your Own Problem: Along with business problems, almost everyday in your daily life you
face with problems where you need to choose among alternatives so that you can make the best
decisions. As in any part of life, you have limitations while you are making these decisions. Thanks to
mathematical programming, now you can define these problems by using linear programming and
solve it using optimization software. So think of a problem from your life. Formulate it as a linear
programming model and solve using Solver. While choosing your problem and formulating it make
sure that:
i You have at least alternatives to choose among decision variables
ii You have an objective function to achieve such as cost minimization, fun maximization, etc.
iii You set at least constraints on the resources you have, excluding nonnegativity constraints if
you have any.
Please provide your formulation and Answer Report of your Solver solution.
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