Decision Science Discussion ASN 4

Chapter 10: Building and Using Models Chapter 12: Linear Optimization Models (EXCEL Linear Programming) Chapter 13: Binary and Integer ModelsThen, based on your observations or direct experience with an organization or an industry, determine how a LP optimization and/or sensitivity model could improve a management objective.  Discuss the following:

The management area that is the focus of the model — what is the management performance metric?

The data required for the model.  (Describe the data set and how you would obtain it.)

Possible constraints associated with the organization which determines the model’s feasible region.  State why you believe the selected resources are constraints.

The functional areas that the model would most likely impact.   (Accounting, Finance, Sales, Service Development, Customer Support, etc.)

Hypothesize on the potential challenges in implementing the solution.