Preview

Golding Landscaping

Good Essays
Open Document
Open Document
462 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Golding Landscaping
Golding Landscaping and Plants
Cynthia (Matson) Kain
Daniel Webster College
Nashua, New Hampshire
6-23-2013

THE PROBLEM
To formulate a problem in linear programming, there are three steps in the process; decision variables, an objective function and constraints.
Decision variables or “unknown entities” tell us what we are solving for (Balakrishnan, 2013). In the Golding Landscape case, we are solving for variables to tell us which combination of chemicals will produce the most cost effective results given the constraints.
The objective function is to combine these chemicals in such a way as to create a blend of fertilizer that will optimally suit the northern Virginia climate at the most minimized cost.
The constraints are the specifications set forth by the chemists at George Mason University.
CHART
| C-30 | C-92 | D-21 | E-11 | | | | # of pounds | 7.50 | 15.00 | 0.00 | 27.50 | | | | Cost | $0.12 | $0.09 | $0.11 | $0.04 | $3.35 | | | Constraints | | | | | | | | 50-lbs required | 1 | 1 | 1 | 1 | 50.00 | = | 50.0 | E-11 >= 15% | | | | 1 | 27.50 | >= | 7.5 | C-92 & C-30 >= 45% | 1 | 1 | | | 22.50 | >= | 22.5 | D-21 & C-92 <= 30% | | 1 | 1 | | 15.00 | <= | 15.0 | | | | | | LHS | Sign | RHS |

In the chart above, the decision variables are highlighted in yellow. The objective function is green and the blue denotes the left hand side of the constraints formula (Balakrishnan, Managerial Decision Modeling Companion Website, 2012).
GRAPHICAL SOLUTION
When plotting the chart figures (above) on a graph (below), the following is exhibited.

Determining the feasible solution region (where all of the problem constraints overlap) is the goal.
CONCLUSION/RISKS
At this juncture, without the ability to access excel solver, drawing conclusions about the data and the risks associated with this case study is limited to my basic knowledge. That said, it appears that when



Bibliography: Balakrishnan, N. (2012). Managerial Decision Modeling Companion Website. Retrieved from Pearson Education: http://wps.prenhall.com/bp_balakrishnan_mdms_3/219/56162/14377680.cw/index.html Balakrishnan, N. (2013). Managerial Decision Modeling with Spreadsheets. Upper Saddle River, NJ: Pearson. Rowles, K. (2000, September 1). Market Research for New Products. Retrieved from Cornell.edu: http://hortmgt.dyson.cornell.edu/pdf/smart_marketing/rowles9-00.pdf

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Pt1420 Unit 4

    • 4123 Words
    • 17 Pages

    A minimization problem with four decision variables, two greater-than-or-equal-to constraints, and one equality constraint will have…

    • 4123 Words
    • 17 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Age Gap Analysis

    • 896 Words
    • 4 Pages

    β2: An increase of living area by a hundred of square feet increases the selling price of home by 8884.48 dollars.…

    • 896 Words
    • 4 Pages
    Satisfactory Essays
  • Better Essays

    Imp 2 Cookies Cover Letter

    • 1219 Words
    • 5 Pages

    In these problems, we had to identify variables, constraints, and make equations that expressed them. In most cases, the variables represent a value for a certain item, for example in the unit problem, the variable, p, could represent the number of dozens of…

    • 1219 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Freaudian Analysis

    • 3380 Words
    • 14 Pages

    Find the optimal solution using the graphical method (use graph paper). Identify the feasible region and the optimal solution on the graph. How much is the maximum profit? Consider the following linear programming problem: Minimize Z = 3 x + 5 y (cost, $) subject to 10 x + 2 y ≥ 20 6 x + 6 y ≥ 36 y ≥ 2 x, y ≥ 0 Find the optimal solution using the graphical method (use graph paper). Identify the feasible region and the optimal solution on the graph. How much is the minimum cost? 2. The Turner-Laberge Brokerage firm has just been instructed by one of its clients to invest $250 000 for her, money obtained recently through the sale of land holdings in British Columbia. The client has a good deal of trust in the investment house, but she also has her own ideas about the distribution of the funds being invested. She requests that the firm select whatever stocks and bonds they believe are well rated but within the following guidelines: 1. At least 20% of the investment should be in accounts with only Canadian content. 2. At least 40% of the investment should be placed in a combination of U.S. electronics firms, aerospace firms, and pharmaceutical companies. 3. No more than 50% of the invested amount should be in precious metals. 4. Ratio of aerospace to pharmaceutical investment should be at least 2 : 1 . Subject to these restrains, the client’s goal is to maximize projected return on investments. The analysts at Turner-Laberge, aware of these guidelines, prepare a list of high-quality stocks and bonds and their corresponding rates of return. Projected Rate of Return (%) Investment 3. Canadian RRSP Thompson Electronics, Inc. (USA) United Aerospace Corp. (USA) Palmer Pharmaceuticals (USA) Alberta Gold Mines (Canada) Formulate this portfolio selection problem using LP. 5.3 6.8 4.9 8.4 11.8…

    • 3380 Words
    • 14 Pages
    Powerful Essays
  • Better Essays

    Acme

    • 1450 Words
    • 8 Pages

    References: Knode, C.S. (2011). Linear programming - Part 1 - Formulating the problem [video]. Retrieved from: http://vimeo.com/duffer44/linear-programming-part-1…

    • 1450 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    MAT540 - Quiz 5

    • 821 Words
    • 4 Pages

    If we are solving a 0-1 integer programming problem with three decision variables, the constraint x1 + x2 + x3 ≤ 3 is a mutually exclusive constraint.…

    • 821 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mat 540 Quiz 4

    • 1474 Words
    • 6 Pages

    The following types of constraints are ones that might be found in linear programming formulations: 1.…

    • 1474 Words
    • 6 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Mat 540 Quiz 5

    • 1011 Words
    • 5 Pages

    If we are solving a 0-1 integer programming problem with three decision variables, the constraint x1 + x2 + x3 ≤ 3 is a mutually exclusive constraint.…

    • 1011 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    6- A non-unique solution to a linear program indicates the existence of more than one optimal point with different values of the decision variables but the same value of the objective function.…

    • 715 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Xacc 280 Final: Coke/Pepsi

    • 1839 Words
    • 8 Pages

    The significance of the trend analyses on net sales and net income is that PepsiCo has been steadily increasing its sales over the past 5 years (for a total increase of $9 billion), since 2001. Clearly, they must have sound marketing and advertising strategies, in order to not just maintain their sales figures, but to maintain a growing increase each year. Up until 2005, they were performing equally admirably at increasing their net income as well. While their net income for 2005 is still an impressive 69.9% higher than in 2001, they went from 3 years of massive increases, to a slight decrease. Since the sales figures increased from 2004-2005, it’s not a question of having a “sales slump”. This means they must have increased expenses dramatically during 2005. We know this because net income is tabulated from the income statement, which consists of revenues and expenses. Logically, if sales have continued to increase, yet net income has fallen slightly, then there must have been a substantial…

    • 1839 Words
    • 8 Pages
    Better Essays
  • Powerful Essays

    An acid-base titration is a procedure which is used to determine the concentration of an acid or base. A measured volume of…

    • 1691 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Physics Quiz

    • 4354 Words
    • 18 Pages

    | The total number of electrons that can be accommodated in the fourth principal energy level is _____…

    • 4354 Words
    • 18 Pages
    Good Essays
  • Good Essays

    Tree-shaped, multivariable decision-making model. This model is used for solving difficult problems with minimized costs and risks with maximized benefits.…

    • 545 Words
    • 3 Pages
    Good Essays
  • Good Essays

    is minimized if and only if (x2  x3) is maximized, it was decided to replace the objective by…

    • 1241 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Decision Variables x1,…,xn A solution = a value for each variable Objective function min f(x1,…,xn)…

    • 1431 Words
    • 6 Pages
    Good Essays