DirectionsAll case studies should be submitted in the form of a Managerial Report. A Managerial Report is usually a response to a senior manager or executive board which has raised an issue that needs to be analyzed with accompanying recommendations. The senior manager or board will subsequently make a decision based upon the analyses. As a consequence, the Managerial Report should written in third Person format, provide a coherent flow of information concentrating on the technical facts and void of opinions, and in a format and tenor to be easily understood by the decision maker(s)The report format should include:
An Executive Overview: A succinct but comprehensible description of the overall problem being addressed
An Executive Summary: A brief statement which contains the primary & secondary conclusions and recommendations of the study
Analysis Section
Underlying assumptions of the model & analyses
Structured for easy validation/comprehension by subsequent readers
Summary graphs and tables with details referenced in order to the appendices
Sensitivity Analyses on assumptions/results
Conclusions/Recommendations Section
Summary of results considered important to the final decisions that need to be made
The recommended top and alternate (if applicable) recommendation(s)
Appendices
Detailed models outputs
Spread sheets
Data tables for all analyses (usually too detailed for containing in document body).Case 1 is entitled Production Strategy is found in Chapter 7 of the text. The document should be submitted as MSWORD document as an attachment to the Assignments Module not later than midnight, .This case examines where a company must balance available workforce and manufacturing capabilities to meet a demand for two different products at minimum cost. The case provides a good introduction into how a business problem can be solved using Linear Programming and computer software. You will then be able to use the software output to interpret the results. Even more importantly, this case should provide insight into how various small changes to the original model can affect the optimal solution. Its value is that it shows very quickly that the use of models provides a base model that can then be used to further refine the solution in order to better meet the business needs. The case should stress the economic interpretation of duality in linear programming.