EMP 504 Quantitative methods in Management
Name: Yi-Chun Kuo
Student id: 106357165
HW #7: Linear Programming Applications
Due Date: 11pm on Nov 6, 2008

Davis Instrument has two manufacturing plants located in Atlanta, Georgia. Product demand varies considerably from month to month, causing Davis extreme difficulty in workforce scheduling. Recently Davis started hiring temporary workers supplied by Workers Unlimited, a company that specializes in providing temporary employees for firms in the grater Atlanta area. Workforce Unlimited offered to provide temporary employees under three contract opinions that differ in terms of the length of employment and the cost. The three options are summarized: |options |length of employment |cost | |1 |one month | $ 2,000 | |2 |two months | $ 4,800 | |3 |three months | $ 7,500 |

The longer contract periods are more expensive because Workforce Unlimited experiences greater difficulty finding temporary workers who are willing to commit to longer work assignments. Over the next 6 months, Davis projects the following needs for additional employees. |Months |Jan |Feb |Mar |Apr |May |Jun | |Employees needed |10 |23 |19 |26 |20 |14 |

Each month, Davis can hire as many temporary employees as needed under each of the 3 options. For instance, if Davis hires 5 employees in Jan under Option2, Workforce Unlimited will apply Davis with 5 temporary workers who will work 2 months: January and February. For these workers, Davis will have to pay 5($4800)=$24000. Because of some merger negotiations under way, Davis does not want to commit any contractual...

...The development of linearprogramming has been ranked among the most important scientific advances of the mid 20th century. Its impact since the 1950’s has been extraordinary. Today it is a standard tool used by some companies (around 56%) of even moderate size. Linearprogramming uses a mathematical model to describe the problem of concern. Linearprogramming involves the planning of activities to obtain an...

...RESEARCH PAPER ON
LINEARPROGRAMMING
Vikas Vasam
ID: 100-11-5919
Faculty: Prof. Dr Goran Trajkovski
CMP 561: Algorithm Analysis
VIRGINIA INTERNATIONAL UNIVERSITY
Introduction:
One of the section of mathematical programming is linearprogramming.
Methods and linearprogramming models are widely used in the...

... LINEARPROGRAMMING
DATE;
5 JUNE, 14
UNIVERSITY OF CENTRAL PUNJAB
INTRODUCTION TO LINEARPROGRAMMINGLinearprogramming (LP; also called linear optimization) is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by...

...LINEARPROGRAMMING
INTRODUCTION:
The term ‛programming′ means planning and it refers to a particular plan of action amongst several alternatives for maximizing profit or minimizing cost etc. Programming problems deal with determining optimal allocation of limited resources to meet the given objectives, such as cost, maximum profit, highest margin or least time, when resources have alternative uses.
The term...

...LinearProgramming Concept Paper
There are two types of linearprogramming:
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...1. Discuss why and how you would use a liner programming model for a project of your choice, either from your own work or as a hypothetical situation. Be sure that you stae your situation first, before you develpp the LP model
Linearprogramming is a modeling technique that is used to help managers make logical and informed decisions. All date and input factors are known with certainty. Linear program models are developed in...

...outsourcing to keep up. Currently, we outsource only coarse and medium-sized yarn, but we believe that it would be more efficient to look at outsourcing all types. There are so many potential suppliers and constraints to consider that we constructed a linearprogramming model to identify our best option and check our solution's sensitivity to changes in our situation.
We've analyzed our potential suppliers for each gauge, taking into account their capacity, cost...

...optimal investment strategy that would allow J. D. Williams, Inc. to maximize the annual yield of an investment of $800,000 in a diversified portfolio of funds.
To find the investment that would result in the greatest annual yield we have formulated a linear program that takes into account the requirements for the client of J. D. Williams, Inc. The requirements for the investment portfolio can be found on the section titled “Problem Description”
The greatest annual yield...

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