Question
Problem Foster School's Undergraduate Business Program is assembling a team of four students to participate in a national case competition. During the competition, the team
Problem
Foster School's Undergraduate Business Program is assembling a team of four students to participate in a national case competition. During the competition, the team must submit a complete analysis in four business areas: Finance, Accounting, Marketing, and Operations. While a student is capable of performing any of the four area analysis, each student will be assigned to only one functional area.
John | Sarah | Kim | Mark | |
Finance | 90 | 82.3 | 86.2 | 83 |
Accounting | 86.9 | 76.6 | 77.8 | 85.3 |
Marketing | 89.8 | 86.7 | 81.1 | 89.6 |
Operations | 93.6 | 90.8 | 90.4 | 91.5 |
Students expertise in each functional area can be represented by recent aptitude test score shown in the table above (maximum score of 100). The goal is to form a team with the strongest overall quality, i.e., assign students to different functional areas to maximize the team's total score.
1. Define your decision variables, then based on your decision variable definitions formulate (mathematically) the objective function of an LP model that maximizes the total score and the constraints for this problem.
Formulate this problem as an LP problem on a spreadsheet and then use the Excel solver to determine the optimal solution and the maximum total score.
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