• Problem Formulation (Modeling): 1)Define the decision variables. 2) Write and
• Problem Formulation (Modeling): 1)Define the decision variables. 2) Write and
• Problem Formulation (Modeling): 1)Define the decision variables. 2) Write and explain the objective function. 3) Identify and explain all objective function coefficients (cj). Identify and explain all constraints, which includes: ▪ Identifying and explaining all right-hand side values (bi). ▪ Identifying and explaining any other supporting data, if available. • Problem Solution: Using Microsoft Excel Solver or Lingo, generate: o An optimal solution for the problem and, o The sensitivity report, if needed.

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