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Assignment #3: Case Problem “Julia’s Food Booth” Complete the “Julia’s Food Booth” case problem on page 109 of the text. Address each of the issues A – D according the instructions given.
- (A) Formulate and solve an L.P. model for this case.
- (B) Evaluate the prospect of borrowing money before the first game.
- (C) Evaluate the prospect of paying a friend $100/game to assist.
- (D) Analyze the impact of uncertainties on the model.
The assignment will be graded using the associated rubric.
| Outcome Assessed: | Create sensitivity analysis on linear programming model parametersCommunicate issues in Management Science |
| Grading Rubric for Assignment – Assignment #4 Case ProblemThere are 12 points in each of the five criteria for a total of 60 points possible |
| Criteria | 0 Unacceptable (0 points) | 1 Developing (6 points) | 2 Competent (9 points) | 3 Exemplary (12 points) | ||||
| 1. Formulate an LP model for this case. (Part A). | Did not submit or LP model is not sufficiently attempted and does not demonstrate a. recognizable attempt to model this case. | LP model is partially correct, but has errors in the objective function or constraints. Described with 70 – 79% accuracy, clarity, and completeness. | LP model has objective function and most constraints correctly specified. Described with 80 – 89% accuracy, clarity, and completeness. | LP model has objective function and all constraints fully and correctly specified. Described with 90 – 100% accuracy, clarity, and completeness. | ||||
| 2. Solve the linear programming model formulated in Criterion 1 (Part A) | Did not submit or did not solve the linear programming model accurately. | Solved the linear programming model with 70 – 79% accuracy. | Solved the linear programming model with 80 – 89% accuracy. | Solved the linear programming model with 90 – 100% accuracy. | ||||
| 3. Evaluate the prospect of borrowing money before the first game. (Part B). | Did not submit or did not evaluate accurately. | Evaluated and explained with 70 – 79% accuracy. | Evaluated and explained with 80 – 89% accuracy. | Evaluated and explained with 90 – 100% accuracy. | ||||
| 4. Evaluate the prospect of paying a friend $100/game to assist. (Part C) | ||||||||
| 5. Analyze the impact of uncertainties in the model. (Part D) | Did not submit or did not analyze accurately. | Analyzed the impact with 70 – 79% accuracy, logic, and completeness. | Analyzed the impact with 80 – 89% accuracy, logic, and completeness. | Analyzed the impact with 90 – 100% accuracy, logic, and completeness. |
