Mini-Project Requirements: 56:171 Operations Research
Mini-Project Requirements: 56:171 Operations Research
Mini-Project Requirements
Requirements (1)
The objective of this project is to build a spreadsheet model with VBA for a transportation problem. The problem to solve is Problem 2 (auction oil leases) of Homework 10. A Excel spreadsheet model should be constructed appropriately for this transportation problem following the example from Page 311 to Page 313 of the textbook. Make sure to use similar layout of model parameters as the textbook example. The solver should be set up correctly. The Excel file should contain three spread sheets: Introduction, Model, and Results.
Requirements (2)
The Introduction spreadsheet should contain some basic description of the problem and a button to start the application. The Introduction spreadsheet should be shown/activated whenever the Excel file is opened. By clicking the button on the Introduction spreadsheet, a diaglog box should pop up to allow users to input/change the unit bid price from each of the three users for each of the two sites (totally six parameters). Initialize the bid prices on the diaglog box based on the current values on the model spreadsheet. When clicking OK on the diaglog box, you should check if the input values are illegal (empty, non-numerical, or negative values). If the inputs are in correct format, the new inputs will be stored in corresponding cells on the model sheet, Excel solver is then called to find the optimal solution, and the Results spreadsheet should be shown. On the Results spreadsheet, you need to show the optimal acres of land from each site sold to each bidder, and the maximum revenue earned by the government. 3
Discussion is allowed. But model building and coding must be done independently. You are not allowed to look at another students spreadsheet or codes. Correctness of the spreadsheet model setup, the solver setup, and VBA codes, as well as clearness of the information on the spreadsheets, will affect the grading. Submit the complete Excel file to the ICON dropbox. The deadline of submission is December 13th, Friday, 11:59pm.