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 20 employees at a time. Teamwork training is a 3 day program
and costs $10,000 per offering; Creative Thinking lasts 2 days and costs $8,000. Venus Robotics'
management has decided that at least 15 training programs should be offered total, with at least 6
of these on Teamwork and at least 6 on Creative Thinking. However, they do not wish their
employees to use more than 1000 days of training. (One Teamwork training program occupies 20
employees for 3 days, so requires 60 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 non-binding 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 8, would the
current basis remain optimal and what would be the new cost value?
Suppose Venus Robotics is considering another type of 2-day-long training which costs
$5,000 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 HW1_NameSurname_StudentID_Q1)
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 $48000 in profits and incurs a $1 penalty for each dollar it falls short
of this goal. A total of 60 hours of labor are available. A $2000 penalty is incurred for each hour of
overtime (labor over 60 hours) used, and a $1000 penalty is incurred for each hour of available
labor that is unused. Marketing considerations require that at least 4 and 10 units of product 1 and
2 be produced. For each unit (of either product) for which production falls short of demand, a
penalty of $4000 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.
 Venus Robotics has two employee training programs - Teamwork and Creative

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!