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ORC Resource Number #3608
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Latisha Develops an Investment Plan
Promising Practice
PROFESSIONAL COMMENTARY

Students are introduced to integer programming through practical problems in which they formulate decisions using 0-1 variables, by entering these integer variables into a decision matrix in a spreadsheet and manipulating the spreadsheet to evaluate alternative decision combinations. Activity sheets guide students step by step through the basic process. A 14-page resource for the teacher provides background to the lesson, describes extensions that include additional constraints, and poses real-life applications through case studies from businesses. Blackline masters, complete solutions to problems, and Internet extensions are also included. (author/sw)

CAREER APPLICATION

The lesson can be used to teach financial planning and analysis, topics covered in the career-technical fields of Business & Administrative Services and Finance. Students compare investments and their returns using a spreadsheet. Determining which investments yield the highest return provides students with a practical approach to spreadsheet analysis and financial investment. The Part 1 questions introduce the "what-if" analysis. Students must set up formulas and functions in a spreadsheet and analyze which investment combinations will yield the highest return. The lesson can develop the student's decision-making skills and promotes problem-solving. Part 2 questions may have to be modified, particularly the ones that ask for math analysis, but overall the lesson provides learning opportunities on multiple levels. (jrs)

OHIO STANDARDS
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Mathematics Academic Content Standards
Mathematical Processes Standard
NATIONAL STANDARDS
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Principles and Standards for School Mathematics
Problem Solving Standard
Representation Standard
RESOURCE TYPE
Instructional Resource
PRACTICE LEVEL
Promising Practice
STANDARDS ALIGNMENT
Grades 8–12
CAREER FIELDS
Business & Administrative Services;
Finance
TOPICS
Mathematics --
Algebra;
Vectors, matrices;
Technology;
FOUND IN
KEYWORDS
integer programming;
decision matrix;
spreadsheet
Publisher: High School Operations Research
Author: Kenneth Chelst and Tom Edwards