Managerial Problem Analysis and Interpretation for Management Decisions Management Assignment Help

Assignment Task

Task    

You will be assessed as follows: a. Structure of the written report: Background infor-mation is relevant, issues are logically ordered, recommendations clearly relate to the managerial problem. b. Identify critical managerial problem: Formulate linear programming model using variables, objec-tives and constraints. c. Analyse and test the issues: Able to mathematically analyse and test using Excel solver. d. Implement the solution: Justify by providing alterna-tives that the solution generated is the optimal. e. Write clearly and concisely: Arguments are explicit and succinct, appropriate headings are used, grammar and spelling are accurate. This is an individual assessment and you must choose one of the managerial problem as listed below that relate to your organization or another organization of your choice. You need to research all the data that will support management in such a way that they will have sufficient data and information that they are able to make the decisions appropriately. You also need to develop a quantitative model (linear programming) using the data, analyse and interpret the model using excel solver and report your findings. You need to identify an objective function clearly stating the purpose of the quantitative model. You should be able to define the variables under con-sideration for the quantitative model development. Further, you should be to collect relevant information from stakeholders for developing the constraints. The report should outline the stakeholder's analysis for data collection and developing constraints. The devel-oped model should be analysed using the Excel solver function to generate an optimal solution. The report should outline the step-by-step procedure of the solv-er function. The final output should be presented to management for decision analysis. You are required to set up the MS Excel dashboard to assist any user to make decisions. You are to provide quantitative model for managerial decision making with optimal outcomes for the organization by using Excel solver tools and validate the importance of spe-cific analysis and interpretation for the management decisions. 
 

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