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.
General Guideline for writing the assignment:
1) The assignment should not exceed 1,000 words.
2) The written coursework must include the following sections:
a) Assignment topic: indication of the problem topic.
b) Introduction: investigation of the decision problem through a literature review.
c) Problem description: details of the objective and criteria.
d) Justification: choose an appropriate decision support tool for modelling the problem and justify your chosen decision support method for modelling the problem.
e) Problem formulation using an appropriate technique.
f) Problem solution: using an appropriate technique or available computer software.
g) Analysis and discussion of the results: preferably including a sensitivity analysis of the solution.
h) Conclusions: A clear statements of your findings.
*** You must cite all the sources that you have used e.g. books, articles and website sources using the Harvard Referencing System. You are expected to cite at least 5 references. You must also show clearly where you have used someone else work in your assignments e.g. when you quote or paraphrase someone else work.
Added on 19.03.2016 20:46
Use the following layout guidelines for the whole assignment:
Font: Times New Roman
Text size: 11
Margins left and right: 3 cm
Margins top and bottom: 3 cm
Number the pages
Left and right margins fully justified
Use Harvard referencing style
i am attaching the main essay question and the course work.
Your work will be checked with the highest quality standard expectation.
Make sure to dedicate maximum attention to this assignment.