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
AU  - 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  - 2024/04/20
ER  -