Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Management Science (with Essential Resources Printed Access Card)

Spreadsheet Modeling & Decision Analysis: A Practical Introduction to Management Science (with Essential Resources Printed Access Card)

Language: English

Pages: 792

ISBN: 0538746319

Format: PDF / Kindle (mobi) / ePub


SPREADSHEET MODELING AND DECISION ANALYSIS, Sixth Edition, provides instruction in the most commonly used management science techniques and shows how these tools can be implemented using Microsoft Office Excel 2010.

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Analysis, discriminant analysis, and time series analysis. Chapters 12 and 13 cover stochastic modeling techniques: simulation and queuing theory. Coverage of simulation using the inherent capabilities of Excel alone is available on the textbook’s website (for more information, visit www.cengage.com/decisionsciences/ ragsdale. Chapter 14 covers decision analysis, and Chapter 15 (available online) provides an introduction to project management. After completing Chapter 1, a quick refresher on.

This model, we must communicate the appropriate information about the new risk constraints to Solver. Figure 3.41 shows the Solver parameters required to solve this problem. The optimal solution is shown in Figure 3.42. Solver Settings: Objective: D18 (Min) Variable cells: D6:D17 Constraints: G18:L18 = G19:L19 N18:S18 <= 0 D6:D17 >= 0 FIGURE 3.41 Solver settings and options for the revised construction fund problem Solver Options: Standard LP/Quadratic Engine (Simplex LP) 3.14.10 ANALYZING THE.

Somewhat surprising is that of the remaining investments, B and D are never used. Although these investments have lower risk ratings than investment C, the combination of funds placed in investment A and C allows for the least amount of money to be invested in month 1 while meeting the scheduled payments and keeping the weighted average risk at or below the specified level. 3.15 Data Envelopment Analysis Managers are often interested in determining how efficiently various units within a company.

And 5 months at 3.94%. When needed, money is borrowed at the end of a month and repaid, with interest, at the end of the month in which the obligation is due. For instance, if the company borrows $10,000 for 2 months in month 3, they would have to pay back $10,175 at the end of month 5. a. Create a spreadsheet model for this problem, and solve it. b. What is the optimal solution? c. Suppose its bank limits WinterWearhouse to borrowing no more than $100,000 at each level in the term/rate.

Strategy in Figure 4.12 is to individually vary the availability of pumps, labor, and tubing between 90% and 110% of their original (or base case) values in 2% increments, as indicated by cells B15 through B25. The base case values for each of our three parameters are listed in cells F9 through F11. For each of these three parameters, we will create and Copyright 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights,.

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