fundamental of decision support
For this assignment you will need to adapt a suitable method, as a decision support tool, to a given managerial decision problem. This decision method must be one that has been taught on the module e.g. Liner Programming.
Firstly, you must investigate the problem given in the section Problem Description in a wider perspective before starting to model or formulate the problem. For example, you may need to indicate the objective or the criteria for the managerial decision making and suggest an appropriate modelling technique to solve this. You will also need to justify your choice of method.
Secondly, by modelling the decision problem you must then solve the problem with an appropriate approach such as Liner Programming using appropriate software such as Excel or DecisionPro introduced during the course.
However, you can use any other available software which is suitable for modelling/solving the problem. You can even solve the problem manually, if possible.
Finally, you need to analyses the solution and explain how sensitive the solution to changes in key parameters.
The assignment consists of working on a selected part of the module contents, including linear programming (LP), for modelling, solving and analysing a real managerial decision problem.