LP: Spreadsheets and the Simplex Method
[Pages:23]3E4: Modelling Choice
Lecture 2:
LP: Spreadsheets
and the Simplex Method
1
3E4 : Lecture Outline
Lecture 1. Management Science & Optimisation Modelling: Linear Programming
Lecture 2. LP: Spreadsheets and the Simplex Method Lecture 3. LP: Sensitivity & shadow prices
Reduced cost & shadow price formulae Lecture 4. Integer LP: branch & bound Lecture 5. Network flows problems Lecture 6. Multiobjective LP Lecture 7 ? 8. Introduction to nonlinear programming
2
1
Returning to the Blue Ridge Hot Tubs Example...
MAX: 350X1 + 300X2 subject to:
1X1 + 1X2 ................
................
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