Operations Research and Management Decision Science - Management Assignment Help

Assignment Task :

Introduction

Welcome to the Optimization and Decision Models Course in the Master of Science in Business Analytics Program. This course develops student skills to formulate, solve and interpret solution of optimization problems faced by contemporary organizations.

This assessment consists of questions that assess your knowledge and skills on Optimization and Decision Models that you have acquired during the last five weeks of the course. This assessment is in a report format that will enable you to formulate, solve and interpret solution for real industrial problems.

Course Learning Outcomes assessed:

In this assessment, you should be able to:

CLO1: Critically appraise a detailed body of knowledge of recent developments operations research and management decision science.

CLO2: Demonstrate a critical awareness of knowledge issues, as the basis for original thinking; encompassing current processes of knowledge production related to operations research and management decision science.

CLO3: Critically apply advanced skills required in research, analysis, evaluation of complex ideas, information, concepts and/or activities related to operations research

CLO4: Synthesize advanced problem-solving skills to analyze highly complex issues with incomplete data and develop innovative solutions and proposals relevant to management decision science

Assessment Requirement:

ABC is a major local company that is running two sub-companies: TVStar and NoorGas. TVStar is a popular local television station and NoorGas is a gas distribution company. ABC is facing some problems in operating these companies and seeks your help in optimizing its business. ABC is challenged with two main optimization issues that are detailed in the following parts.

Part 1

NoorGas supplies natural gas to customers in three regions: Region1, Region2 and Region3. NoorGas purchases natural gas from two other companies: Gulf1-Gas and Gulf2-Gas. Demand forecasts for the coming winter season are Region1, 400 units; Region2, 200 units; and Region3, 300 units. Contracts to acquire the following quantities have been made: Gulf1-Gas, 500 units; and Gulf2-Gas, 400 units. Distribution costs for the regions vary, depending upon the location of the suppliers. The distribution costs per unit (in thousands of dirhams) are as follows:

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