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Build an appropriate LP model. Solve the model using the graphical solution method. Develop a spreadsheet model and use the Solver to find the optimum solution.

Build an appropriate LP model. Solve the model using the graphical solution method. Develop a spreadsheet model and use the Solver to find the optimum solution.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter4: Linear Programming Models
Section: Chapter Questions
Problem 66P
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Ayşegül Sayısalsever, the business analyst, can invest up to $15,000 in stocks and loans. Each dollar invested in stocks yields $0.10 profit, and each dollar invested in loan yields $0.15 profit. At least 30% of all money invested must be in stocks, and at least $6000 must be in loans. Determine how Ayşegül can maximize the profit earned on her investments.

  1. Build an appropriate LP model.
  2. Solve the model using the graphical solution method.
  3. Develop a spreadsheet model and use the Solver to find the optimum solution.
  4. Create an Answer and a Sensitivity report. Explain all findings in the reports.
  5. Change the conditions or values in the case or add new constraints, then show how the solution changes.
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