TY - JOUR
AB - The problem set contains three problems designed to help students practice their ability to build math programming models. Problem # 1 is a portfolio problem where the student is asked to find a portfolio that minimizes risk (variance) subject to a required rate of return; as such, it is nonlinear. Problem # 2 is aggregate production scheduling; hence, linear. Problem # 3 involves determining how to source a fixed quantity from a menu of vendors with differing fixed- ordering charges and per-unit prices; it is a mixed integer model. All are sufficiently small that they can be easily optimized with standard math programming software (such as Excel's standard Solver).
VL -
IS -
SN - 2474-7890
DO - 10.1108/case.darden.2016.000222
UR - https://doi.org/10.1108/case.darden.2016.000222
A1 - Carraway Robert L.
PY - 2017
Y1 - 2017/01/01
TI - Optimization Modeling Exercises
T2 - Darden Business Publishing Cases
PB - University of Virginia Darden School Foundation
SP - 1
EP - 3
Y2 - 2019/11/19
ER -