Question: Venus Robotics has two employee training programs - Teamwork and Creative Thinking. The training programs are delivered to 2 0 employees at a time. Teamwork
Venus Robotics has two employee training programs Teamwork and Creative Thinking. The
training programs are delivered to employees at a time. Teamwork training is a day program
and costs $ per offering; Creative Thinking lasts days and costs $ Venus Robotics'
management has decided that at least training programs should be offered total, with at least
of these on Teamwork and at least on Creative Thinking. However, they do not wish their
employees to use more than days of training. One Teamwork training program occupies
employees for days, so requires days of training time.
Formulate a linear programming model for minimizing cost of training programs. Define
your decision variables and constraints.
Solve the model using graphical solution and find the optimum solution and values of the
basic variables.
Solve the model by Simplex method. Define your binding and nonbinding constraints
and show how to find shadow prices using optimal tableau.
Solve the model using Excel Solver, show your Excel spreadsheet and report your
solutions here.
Create the optimal tableau manually by using basic variables in the initial tableau.
Manually calculate the range of values for the cost of Teamwork training for which the
current basis remains optimal. Then, show it in Excel Solver sensitivity report.
Manually calculate the range of values for the cost of Creative Thinking training for which
the current basis remains optimal. Then, show it in Excel Solver sensitivity report.
Manually calculate the range of values for the number of training programs for which the
current basis remains optimal. Then, show it in Excel Solver sensitivity report.
Manually calculate the range of values for the number of training days for which the current
basis remains optimal. Then, show it in Excel Solver sensitivity report.
Manually calculate the range of values for the number of Teamwork training programs for
which the current basis remains optimal. Then, show it in Excel Solver sensitivity report.
Manually calculate the range of values for the number of Creative Thinking training
programs for which the current basis remains optimal. Then, show it in Excel Solver
sensitivity report.
If the minimum number of Teamwork training programs were increased to would the
current basis remain optimal and what would be the new cost value?
Suppose Venus Robotics is considering another type of daylong training which costs
$ per offering. Should Venus Robotics offer this training?
Find the dual of the initial model and define decision variables and constraints in the dual
model.
Solve the dual model with Excel Solver. Comment on optimum solution and on values of
basic variables.
Use complementary slackness to find the dual LP values using the primal LP solution.
Solve the primal model using GAMS, upload your file, show your code and report your
solutions here rename the file as HWNameSurnameStudentIDQ
A Touche Young Inc. produces two types of products. For each product, the required hours of
labor and contribution to profit is different and shown in the following table.
The company has a goal of $ in profits and incurs a $ penalty for each dollar it falls short
of this goal. A total of hours of labor are available. A $ penalty is incurred for each hour of
overtime labor over hours used, and a $ penalty is incurred for each hour of available
labor that is unused. Marketing considerations require that at least and units of product and
be produced. For each unit of either product for which production falls short of demand, a
penalty of $ is assessed.
Formulate an LP that can be used to minimize the penalty incurred by the company.
Define your decision variables and constraints.
Solve the LP using GAMS and upload your code and output files.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
