Solved: Identify decision variablesthat is cells that will change, Management Theories

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Identify decision variablesthat is cells that will change

The goal of this homework assignment is to set up and solve a Transportation Model problem in MS Excel using the Solver Add-in. MS Excel provides users with the Solver Add-in, giving them super powers to solve linear, integer, and nonlinear optimization problems.

The Transportation model is a special case of Linear Programming (LP). The key to solving LP on a spreadsheet is to:

Set up a worksheet that tracks everything of interest (e.g., costs, distance, capacity, demand).
Identify decision variables...that is, cells that will change in solving the LP.
Identify the objective function...the target cell that will be maximized, minimized, or set to.
Identify the constraints.
Use the MS Excel Solver Add-in to solve the problem.
The optimal solution to our problem...that is, optimal values for decision variables...will be placed on the spreadsheet.

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Management Theories: Identify decision variablesthat is cells that will change

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