ouring Bike Model Mix sheet has correct set up of problem with all parameter values, constraints,
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BIAM
500 Week 2 Lab DeVry
BIAM 500 Week 2 Lab
Rubric-500
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Week 2
Lab Rubric-500
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Criteria
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Ratings
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Pts
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This criterion is linked to a Learning OutcomeStep 1: Creation of Formulas with Constraints
Touring Bike Model Mix sheet has correct set up of
problem with all parameter values, constraints, and formulas.
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15.0 pts
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This criterion is linked to a Learning OutcomeStep 2: Use Solver to find an optimal solution.
Objectives, variables, constraints, and solution
method are correctly set in the Solver dialog, and the correct optimal
production quantities are shown on the Touring Bike Model Mix sheet. Answer,
sensitivity, and limits reports for the solution were generated correctly.
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15.0 pts
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This criterion is linked to a Learning OutcomeStep 3: Perform Sensitivity Analysis
Perform sensitivity analysis showing how changing
parameters by plus or minus 10% affects the solution. A scenario summary
sheet was created showing how the optimal product mix is affected by
changing the gross profit per unit of each model by plus or minus 10%
compared to the original solution.
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15.0 pts
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This criterion is linked to a Learning OutcomeStep 4: Create Monte Carlo Simulation
Monte Carlo simulation calculates and charts the
average gross profit over 100 simulations for the specified range of
production quantities.
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15.0 pts
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This criterion is linked to a Learning OutcomeStep 5: Opinion Paper
Write a one-page paper explaining your findings and
making recommendations. Paper is in APA format, free of typographical,
spelling, and grammar errors, and clearly states appropriate findings and
recommendations from the analysis.
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10.0 pts
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Total Points: 70.0
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