Essay BIAM 570 Week 7 Lab GP and MOLP DeVry

BIAM 570 Week 7 Lab GP and MOLP DeVry

Scenario/Summary

In the realm of business, business manages and leaders are always looking for optimal solutions to help in the decision-making process. During Weeks 2 and 6, everyone explored Linear Programing ( LP) models to create sensitivity analysis reports and to use output from the LP models to make decisions. Now we are going to go further with Linear Programing ( LP) models exploring integers, goal programming, and multiple objective optimization. For the nature of these models, a manager or leader is able to learn there are several different variations and options with Linear Programing ( LP) models that can output data analysis suited for a specific case and need to support the decision-making process.

After you are done, you will submit your completed Lab.

Deliverables

After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.

Rename both assignment files as Week_7_Lab_StudentName.docx and Week_7_Lab_StudentName.xlsx.

Lab Resources

This Lab will use the following Lab Resources:

Microsoft Office Word and Excel 2016 (with Solver)

Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.

Options for accessing Microsoft Word and Excel 2016

Use a personal copy on your PC available via the Software Store on the Course Resources page.
You can use the Citrix environment to run both the Word and Excel 2016 application program.

Lab Steps

Step 1: Download Lab File

Download the Week 7 Lab Instructions and Grading Rubric document (Links to an external site.)Links to an external site..

Step 2: Complete and Submit Files

After completing the steps from the Lab Instructions, turn in one Microsoft Word and one Microsoft Excel file.

Be sure you have renamed both assignment files as

Week_7_Lab_StudentName.docx; and

Week_7_Lab_StudentName.xlsx.