Decision Making Exercises
Decision Making Exercises
com
Online Masters
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Deliverable(s): Document with the ten examples, including the elements and model of
linear programming.
Individually, read the following problems carefully and do what is asked of you.
indicates
I. Industrial Aluminum has a maximum daily production capacity of 800 pulleys and
600 supports. Their daily demand is 550 and 580 respectively. It generates a profit from
production ton of $40 for the rolls and $35 for the supports. Determine the
optimal combination of daily production.
II. A company that manufactures industrial uniforms for ladies and gentlemen works 10 hours a day.
day. The uniforms go through three different processes taking the following time in each
one of them.
The perceived utility of women's uniforms is $2 per uniform and that of men's is
From $3. Determine the optimal daily production combination.
III. A new product is being planned for launch, so commercials will be made for it.
television and radio. Television is watched by 2% of the society with high incomes and 3% of the
society with middle incomes. Radio reaches 3% of the society with high incomes and 6%
with medium income. The cost per commercial on television is $2000 and on the radio is
$500. The goal is to reach 36% of the society with high incomes and 60% of the society.
with average income. What would be the combination of advertising that minimizes costs?
IV. A restaurant prepares discada, for which it combines beef (80% meat and 20% fat) and pork.
(68% meat and 32% fat). The cost of beef is $0.8 per pound and $0.6 per pound of
pork. What amount of each meat should the restaurant use if the owner is looking to minimize
the cost but without the combination exceeding 25% fat?
2. Meet in pairs and compare your results, correcting what you think is necessary.
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3. Each team should draft a conclusion that answers the following questions
a. What information does the obtained solution provide us?
b. Were they able to corroborate the optimal solution obtained with the simplex method in the table of
data with algebra?
c. What method do you find easiest and why?
Based on the problems seen in topic 2, apply graphical sensitivity analysis -
Change in resource availability, to determine the following:
a. Exchange rate
b. Change ranges
I. A company that manufactures industrial uniforms for ladies and gentlemen that worked 10
hours a day, now it does 15 daily hours due to new requirements. The uniforms
they go through three different processes taking the following time in each of them:
The perceived utility of women's uniforms is $2 per uniform and that of men's is
of $3.
II. A restaurant prepares discada for which it combines beef (80% meat and 20% fat) and pork.
(68% meat and 32% fat). The cost of beef is $0.8 per pound and $0.6 per pound of
pork. Originally, the meat combination should not exceed 25% fat, but
Due to new health requirements, it should no longer exceed 15% fat.
2. Reflect on the following questions and draw a conclusion:
Does the change in the variables affect the optimal solution of the problem or not?
b. If it affects, what can you interpret from the new obtained results?
c. What can you highlight about the sensitivity analysis?
3. Share the results of your activity in a group.
Report that includes exchange rate, range of change, graph, and conclusions.
Report detailing the solution to a work problem in a real context, using the method
graph and the simplex method.
Instructions to create evidence:
Draft a real work issue and define the variables of the programming elements.
linear, formulate the model and provide a solution to it using the graphical method and the simplex method.
At the end, give your conclusion based on the results obtained.
1. Select one of the following common workplace problems, very common in real contexts,
to formulate the problem and solve it using the graphical and simplex methods:
a. Production mix
b. Combination of raw materials
c. Combination in the use of machinery
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a. What was the optimal solution that was reached from the graphical method and through the
simplex method?
b. Is the optimal solution the same in both methods?
c. Once you have used both methods, what differences or similarities do you find?
once put into practice?
6. Integrate a report with all the developed information.
Formulate a problem where the transportation model can be applied for obtaining
the optimal solution.
1. In pairs, create a diagram where you define and relate the following elements:
a. Assumptions on which transportation methods are based.
b. Traditional transportation models
c. Transportation algorithms
d. Steps and methods to solve transportation algorithms
2. Solve the problem by applying the transportation model to obtain the optimal solution.
manually.
3. Once the solution has been obtained manually, select Solver, Tora, or AMPL and
solve the same problem with the help of one of these tools; you can go to
to the computer lab of their campus.
4. Compare the results obtained in both solutions and conclude about it.
Individually create a diagram where you define and relate the following
elements:
a. Allocation models
b. Hungarian method
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2. Solve the following problems, applying the Hungarian method and determining the
optimal solution.
i. You are preparing your birthday party and need to know which supplier
to hire 'x' service, your budget is limited, so the allocation of
suppliers should be the one that minimizes costs. For the formulation of
Problem you should consider at least 3 suppliers and 4 services to contract.
ii. Your car was hit and you need to take it to be repaired. For the formulation of the problem.
You should consider at least 4 providers and 5 issues to repair on your car.
2. Once the problems are solved, teams can compare results, analyze the
steps taken to obtain the optimal solution and make corrections if necessary
that it is necessary.
3. As a conclusion of the activity, mention what the differences are of the method
assignment to the other models seen in past topics. Based on the data that
you raised in each of the problems, explain why the result obtained with the
Hungarian method resulted in the supplier you thought was the best option.
Knowledge about the decision tree method and the variants of expected value
Calculator
Instructions for the student:
a.
B1 B2 B3
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b.
Investment
$30 $5 -$10
conservative
Investment
$ 40 $10 -$30
speculative
Investment
-$10 0 $15
counter-cyclical
Probability to
0.1 0.5 0.4
priori
Probability to
0.2 0.3 0.5
posterior
3. Once the problems are solved, meet in teams and compare results, analyze
the steps taken to obtain the a priori and a posteriori solution and carry out
corrections if necessary.
4. As a team, create a conclusion regarding the results obtained in the
a priori and a posteriori analysis, that is, whether the results remained the same or there was
some change and why they consider the similarity or difference in them.
Individually, create a comparative chart among the criteria for the solution of
decision-making problems under uncertainty (Laplace, maximin, regret criterion of
Savage and Hurwicz criterion), where you indicate what each consists of, their
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to go out partying
Op2 = divide the night between the party and studying
Op3 = stay studying all night
Examen = fácil, moderado, difícil
Op1 85 60 40
Op2 92 85 81
Op3 100 88 82
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c.
Player B
1 2 3
1 4 2 -3
Player A
2 -1 0 3
3 2 3 -2
d.
Player 1
1 2 3
1 3 -3 -4
Player 2
2 -4 -2 1
3 1 -1 0
At the end of the activity, discuss the results obtained in the group highlighting the
differences in the solutions depending on the methods or criteria used.
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Tree diagram for a transportation model, considering specific criteria for the
decision making.
Instructions for producing evidence:
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