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ADMN580 University of Nebraska Linear Programming Project
Description
LP Model
| LP Model | ||
| Criteria | Ratings | Pts |
| This criterion is linked to a Learning OutcomeAlgebraic LP FormulationClear and concise definition of decision variables. Objective function written in algebraic form in terms of the decision variables. Constrains written in algebraic form in terms of the decision variables. | 3.0 pts | |
| This criterion is linked to a Learning OutcomeBase Model: Correct, Flexible, DocumentedBase Model: set up correctly, flexible, well-organized and self-documenting. Organized in an efficient and clear way, and in such a way that using Solver is facilitated. Answer the following Description EXCEL.. QUESTION 1 Discuss GDP. What is it? What does it mean for a country? Why do different countries have a different GDP? QUESTION 2 Which country did you choose? QUESTION 3 Draw a scatter diagram of the data with years 1991 through 2010 as the independent variable and GDP per Capita (US$) as the dependent variable using Excel or a graphing calculator. Attach the file here. QUESTION 4 Determine the linear function of best fit. Graph the linear function of best fit on the scatter diagram. Attach the file here that shows your linear function of best fit displayed on the scatter diagram. Attach File QUESTION 5 Using Excel or a graphing calculator, determine the quadratic function of best fit. Graph the quadratic function of best fit on the scatter diagram. Attach the file here. Attach File QUESTION 6 Using Excel or a graphing calculator, determine the exponential function of best fit. Graph the exponential function of best fit on the scatter diagram. Attach the file here. Attach File QUESTION 7 Is the linear model the best fit? Why or why not? Is the quadratic model the best fit? Why or why not? Is the exponential model the best fit? Why or why not? Analyze and discuss which function (linear, quadratic, or exponential) best fits your data. Give details for each model: QUESTION 8 Discuss what your results mean for the future of the country you chose? | 9.0 pts | |
| This criterion is linked to a Learning OutcomeSolver Settings Correct, FlexibleAlso includes generation of Answer and Sensitivity Reports. | 4.0 pts | |
| This criterion is linked to a Learning OutcomeWriteup: Content & QualityCorrectly addresses key issues of situation, in the context (language) of the decision-maker (meaningful and relevant to decision maker). Writing is clear and concise, and uses | ||