BUS 461 Decision Modeling And Analysis

BUS 461 WEEK 5 Assignment To complete the following assignment go to this weeks Final Paper link in the left navigation Submit a six to eight-page paper (not including the title and reference pages) on one of the major topics listed below. Incorporate at least two related scholarly sources: 1. Linear and integer programming modeling 2. Network modeling 3. Project scheduling modeling 4. Time series forecasting 5. Inventory 6. Queui

15 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 5 DISCUSSIONS Queuing Systems Read the article by Satell 2013 entitled “Why The Future of Innovation Is Simulation.” Based on this article and additional reading and knowledge, answer the following questions: o Under what conditions would you choose to use a simulation model? o What is the simulation process? o Explain the pros and cons of using simulation modeling. Respond to at least two of your classmatesââ

6 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 4 QUIZ III 1 Question The fact that so many people enter sweepstakes and/or buy lottery tickets demonstrates the difference between: the expected value and the expected utility criteria. altruism and selfishness. risk aversion and risk indifference. certainty and uncertainty. Question 2. Question : The difference between “risk” and “uncertainty” in decision

5 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 4 QUIZ II 1 Expected value in decision analysis is synonymous with most likely value True False 2. The expected regret criterion will always yield the same optimal decision as which other criterion? (Points : 1) maximin minimax minimax regret expected value 3. When using the maximax criterion, the optimal decision alternative may be determined by simple inspection of the payoff table. (Points : 1) True False 4. The differ

5 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 4 QUIZ I 1 Question The principle of insufficient reason indicates the decision makers belief that any state of nature is as likely to occur as any other state. True False Question 2. Question : The indifference approach for assigning utility values asks the decision maker which of two alternatives is preferred: the payoff under consideration or a chance at the highest payoff with a risk of the lowes

5 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 3 Discussions I To participate in the following discussions, go to this weeks Discussion link in the left navigation. 1. PERT/CPM You have been asked to fill-in for your boss this week. Your boss’s assistant informs you that he had scheduled an engagement to teach a group of students at the local University about PERT/CPM approach to project scheduling and has asked that you do it instead. In an initial write-up for th

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BUS 461 WEEK 2 QUIZ Question 1 The principle of complementary slackness implies that If the reduced cost is not zero, than the value of the decision variable is zero. If a decision variable is zero, then its reduced cost must be positive. if a decision variable is zero, then its reduced cost must be non-zero. if a decision variable is zero, then its reduced cost must be zero. Question 2. Question : E

5 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 2 ASSIGNMENT COMPUTER PRODUCTION MVE Enterprises can manufacture four different computer models; the Student, Plus, Net, and Pro models. The following gives the configurations of each model: STUDENT PLUS NET PRO Processor Celeron Celeron Celeron Pentium Hard Drive 20 gb 20 gb 20 gb 30 gb Floppy Drives 1 1 2 1 Zip Drives Yes Yes No Yes Audio/Video CD R/W DVD DVD + CD R/W DVD + CD R/W Monitor 15” 15” 17”

8 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 1 QUIZ II Question 1 The management science team should make certain that management is sure of its objective before developing and solving a model. True False Question 2. Question : Computer programs exist for all standard management science solution procedures. True False Question 3. Question : Management science applications do not include: simulation.

10 Other / Other strayer university / BUS 461 15 Oct 2015

BUS 461 WEEK 1 QUIZ 1 Question In management science problems algorithms are very complex thus rarely used used in optimization but not in heuristics. employed in heuristics as well as optimization. substitutes for computer-based solution techniques. 2. Question : Which Excel data analysis tool returns the p-value for the F-test? Descriptive Statistics. Regression.

5 Other / Other strayer university / BUS 461 15 Oct 2015