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For the May 23 midterm you need to know chapters 17A-21B, 22B (not 21C, 22A, 23, 24). You need to know #7 review questions, except for problem 4.
This course translates real economic problems faced by industry and government into mathematical formulae that can be solved by a computer program. To give substance to this statement, consider the following example. Ralston-Purina makes chicken feed. Chicken feed can be made with a variety of inputs (e.g., wheat, corn, bone meal, soy meal, etc.). Ralston-Purina wants to provide chicken feed that satisfies certain requirements (e.g., so much protein, calcium, and calories per day per chicken) at lowest cost. The right combination of inputs means millions of dollars more in profits to the company. In this course, we show how Ralston-Purina solves this complicated optimization problem.
Students need only modest computer skills to take this course. LINGO, the computer program used in this course, is very easy to use. Mathematical knowledge beyond algebra is not required. However this course makes extreme use of mathematical thinking. If you liked doing word problems in mathematics, you will like this course. The homework problem sets are an exercise in mental gymnastics. You need to understand the logic; memorization won’t work. If you have a hard time with word problems, you will have a hard time with this course.
There is no book for this course. The lecture notes for this course are available at the Campus Book store. Homework assignments (the questions are at the back of the reader) count for 10% of the grade. I do not allow homework assignments turned in late. There are no makeup exams. Nor are exams allowed to be taken early (a legitimate excuse will allow a midterm not to count, but you will have to do all the review questions, not just the assigned questions from the relevant chapters for that test). Tell your parents not to book that flight for you to Costa Rica until you check your exam schedule. The syllabus is optimistic. Not all topics will be covered and the time schedule is only approximate. There will be 5 homework assignments, 4 midterms and a non-comprehensive final. Bring bluebooks to all exams.
NOTES ARE AVAILABLE IN THE BOOK STORE.
Mathematics is not a spectator sport. One can follow the logic in the notes without being able to do the material on one’s own when it comes to test time. A good way to study is to first try to redo the problems already covered in the notes. That is why after lecture 8, the answers are on the following page rather than on the same page as the questions. Try to write out the answer first on your own when studying. Then cover all of the review questions.
ARTICLES ON MANAGEMENT SCIENCE
You can read non-technical articles on management science in Interfaces. To read it on line, go to the following address http://ucelinks.cdlib.org:8888/sfx_ucsc/a-z/default and type in: Interfaces
Lingo: The free student version of Lingo can be downloaded off the web. Type in the following: http://www.lindo.com/ Then hit downloads on the top bar. Next hit Download Lingo. Lingo can only be used on windows or Linux. So if you have a Mac, you will have to go to the PC side (if you have a PC emulator). You will want to download the 64-bit size version if you have a newer computer. The trial version is free. The trial version has certain limits, but I will not ask you to go beyond them.
Lingo is also available on the PC machines in the labs.
1) Open the "Class Folders" folder on the desktop
2) Open "Economics" folder
3) Open "Econ 115" folder
4) Double-click on "Lingo 13"
Class meets: MWF 9:30-10:40AM SocSci 2 Classroom 71
Contact: You can contact me by email: email@example.com or by phone: 459-4445
My office hours are MWF 11:00-12:00 in 407 Engineering 2 and by appointment.
Check Webpage daily for last minute changes
Wednesday 03:30PM-04:40PM Earth and Marine Sciences B214 Jacopo Magnani
5:00PM-6:10PM Soscial Sciences 1 room 145
OTHER SECTIONS TO BE DETERMINED LATER
Any disputes about a grade on a homework or exam must be brought to the Section Leader’s attention by the next class period after the homework or exam is returned to the student. I have the option of reviewing the whole exam and determining whether the grade should be lowered.
Cheating results in an automatic F and a visit to the provost.
Grade: Midterms 16% each, final 26%, homework total 10%.
Passing > 60%:
B- > 70%; A- > 85%
Class #1: MONDAY, MARCH 31
Lecture 1 … Introduction. Linear Programming: The diet problem
Class #2: WEDNESDAY, APRIL 2
Lecture 2A ... LINGO
Lecture 2B … Production (pool tables)
Lecture 2C … Distribution (Lego sets)
Class #3: FRIDAY, APRIL 4
Lecture 3A … Paint Production
Lecture 3B … Cancer Treatment
HOMEWORK ASSIGNMENT 1 DUE: REVIEW QUESTIONS #1 at back of book: problems 1 and 3. Always read the beginning of the review questions for instructions on how to answer problems. Except for doing Cramer’s rule and drawing graphs, your homework should not be handwritten
Class #4: MONDAY, APRIL 7
Lecture 4A … Production: multiple steps
Lecture 4B … Production: different methods
Class #5: WEDNESDAY APRIL 9
Lecture 5A ... Mathematical Background * * means that probably will not cover this year
Lecture 5B … The General Linear Model *
Lecture 5C … Pitfalls and Some Remedies
Class #6: FRIDAY, APRIL 11
EXAM #1: Covers lectures 1 – 5C (if lecture covered) and review questions #1 (all problems).
Note well: Because coverage may differ from expectations, please check before each exam regarding the exact chapters and review questions that will be covered on the exam.
Class #7: MONDAY, APRIL 14
Lecture 6 … Duality and Sensitivity Analysis: Auto-Truck Assembly
Class #8: WEDNESDAY APRIL 16
Lecture 7 ... Duality and the Diet problem
Class #9: FRIDAY, APRIL 18
Lecture 8A ... Simple Blending.
Lecture 8B … Mixing and Blending
Lecture 8C … Large Blending Problem
HOMEWORK ASSIGNMENT 2 DUE: REVIEW QUESTIONS #3: problem 4 and #4 problem 2
Class #10: MONDAY, APRIL 21
Lecture 9A ... Pattern Cutting: paper
Lecture 9B ... Pattern Cutting: suits
Lecture 9C ... Pattern Cutting: variations
Class #11: WEDNESDAY, APRIL 23
Lecture 10A ... Transportation Problem
Lecture 10B … Transhipment
Class #12: FRIDAY, APRIL 25
EXAM #2: COVERS chapters 6-10B and problems from REVIEW QUESTIONS #2, #3 and #4
Class #13: MONDAY, APRIL 28
Lecture 11 ... Scheduling Problem
Lecture 12 … Desegregation Plan
Class #14 WEDNESDAY, APRIL 30
Lecture 13 … Pipeline Networks
Class #15: FRIDAY, MAY 2
Lecture 14 ... Comparative Advantage
Lecture 15 ... Rybzinsky and Stolper-Samuelson
HOMEWORK ASSIGNMENT 3 DUE. Review questions #5, problem 1 and review questions #6 problem 3
Class #16: MONDAY, MAY 5
Lecture 16 … Game Theory
Class #17: WEDNESDAY, MAY 7
Lecture 17A ... Lingo and Non-Linear Programming
Lecture 17B … Price and Production
Class #18: FRIDAY, MAY 9
EXAM #3 covering lectures 11 -16 and problems from review questions #5 and #6. You need to know Lingo and duality, but you will not have to solve using graphs
Class #19: MONDAY, MAY 12
Lecture 18A … Braess’ Paradox
Lecture 18B … Pigou-Downs Paradox
Lecture 19 … Traffic Flow
Class #20: WEDNESDAY, MAY 14
Lecture 20 … Supply, Demand and Profit Maximization
Lecture 21A … Peak Load Pricing
Lecture 21B … Peak Load Pricing
Class #21: FRIDAY, MAY 16
Lecture 22A … Redundancy
Lecture 22B … Airline Overbooking
Lecture 23 … Least Squares
Lecture 24 … Finance
HOMEWORK ASSIGNMENT 4 DUE Review questions #7: problems 3, 8, and 9.
Class #22: MONDAY, MAY 19
Lecture 25A … Integer Programming; Branch and Bound Technique.
Lecture 25B … Job Shop Scheduling
Lecture 25C… Fixed Charge Problem
Class #23: WEDNESDAY, MAY 21
Lecture 26A …Warehouse Choice
Lecture 26B … Exclusivity and Contingency
Lecture 27A … Loan Packaging
Class #24: FRIDAY, MAY 23
EXAM #4: Covering chapters 17-24 (if covered in class) and problems from review questions #7
No school: MEMORIAL DAY, MONDAY, MAY 26
Class #25: WEDNESDAY, MAY 28
Lecture 27B … Minimum Batch Size
Lecture 28A … Staff Scheduling
Lecture 28B … Bank Assignment Problem
Class #27: FRIDAY,MAY 30
Lecture 29A … Airline Crew Assignment
Lecture 29B … Airline Hubs
Lecture 30 … Plane Assignments
HOMEWORK ASSIGNMENT 5 DUE: Review questions #8: problems 2,6 and 9.
Class #28: MONDAY, JUNE 2
Lecture 31 … Matching Partners
Lecture 32 … Either or Constraints
Class #29: WEDNESDAY, JUNE 4
Lecture 33 … Map Color Problem
Lecture 34 … Ranking Teams*
Class #30: FRIDAY, JUNE 6
Lecture 36 … Traveling Salesman
Lecture 37 … Game Show and other problems
Final exam Covering
25-37: Wednesday June11, 7:30-10PM. Must be there on time.
NOTES ARE AVAILABLE IN THE BOOK STORE.