BUS 461

BUS 461 WEEK 4 DISCUSSION II Forecasting Approaches Compare and contrast the stationary forecasting model approach with that of a time series forecasting approach. Identify and explain key factors that are relevant in the selection of a specific approach. Respond to at least two of your classmates’ postings

3 Other / Other University of Phoenix / BUS 461 15 Oct 2015

BUS 461 WEEK 4 DISCUSSION I Decision Analysis Many real-world decision problems consist of a sequence of dependent decisions. Develop a scenario that has a series/sequence of activities applicable to a “Decision Tree” type analysis. Explain why the scenario you selected is applicable. Also identify and explain critical factors that should be consider. Are there any risks in your scenario? Respond to at least two of your classmatesââ

3 Other / Other University of Phoenix / BUS 461 15 Oct 2015

BUS 461 WEEK 3 QUIZ II 1 Question In a maximal flow problem Multiple sources may be accommodated, but multiple sinks may not. Arc capacities must be the same in either direction. There are several different linear programming formulations for the model. The connected arcs may contain no cycles. 2. Question : A PERT/CPM network can be represented as a linear programming model by letting the

5 Other / Other University of Phoenix / BUS 461 15 Oct 2015

BUS 461 WEEK 3 QUIZ Question 1 A bi directional arc in a shortest path problem can be modeled as two unidirectional arcs. (True, easy) True False Question 2. Question : Minimal spanning tree problems do not lend themselves to a convenient linear programming formulation. (True, medium) True False Question 3. Question : In the standard assignment problem where, for example, work

5 Other / Other University of Phoenix / BUS 461 15 Oct 2015

BUS 461 WEEK 3 DISCUSSION II Project Scheduling Techniques Ajax is about to embark on a project involving the design, manufacture and introduction of a new microwave oven. The first three activities and the immediate predecessors are: Activity Predecessor A Prototype Design none B Acquisition of Materials A C Prototype Construction B However, it has not yet be

3 Other / Other University of Phoenix / BUS 461 15 Oct 2015

BUS 461 WEEK 2 DISCUSSION II Based on the output, what key points would you recommend to Frank? In 250 words, sequentially list and explain each activity along with the tools needed to develop your response. (This question is not about the bottom line answer but rather, the solution process, question formulation, data development, output, output explanation, etc.). Respond to at least two of your classmates’ postings

3 Other / Other University of Phoenix / BUS 461 15 Oct 2015

BUS 461 WEEK 2 DISCUSSION I Frank Hurley is a farmer with 250 acres on which he wishes to plant wheat and corn to maximize his expected return for the season. For crop rotation purposes he must plant at least 50 acres of each crop. He can participate in a federal program that will require him to produce at least as much wheat as corn. Under this program, he is guaranteed to earn $150 per acre of wheat planted and $200 per acre of corn planted. A

3 Other / Other University of Phoenix / BUS 461 15 Oct 2015

The Management Science Process The Management Science Process consists of 1 understanding the problem building a representative model, 3) solving the mathematical model and, lastly, 4) monitoring/communicating the outcome. Discuss this process and the importance of each. Respond to at least two of your classmates’ postings.

3 Other / Other University of Phoenix / BUS 461 15 Oct 2015

The Management Science Process The Management Science Process consists of 1 understanding the problem building a representative model, 3) solving the mathematical model and, lastly, 4) monitoring/communicating the outcome. Discuss this process and the importance of each. Respond to at least two of your classmates’ postings.

5 Other / Other University of Phoenix / BUS 461 15 Oct 2015