Discussion 1: Please choose one of the below discussion points for your initial post:
Discussion 1: Please choose one of the below discussion points for your initial post:
option 1. The discussion concerns your ability to do basic research to better understand the use of decision analysis and decision trees in several areas including but not limited to healthcare, revenue management, finance, and supply chain management. Your task is to find one article (electronically, preferably using the BU Library – www.bu.edu/library) that uses simulation to solve a problem. It should not be an article mentioned in class or referenced to by another student in the discussion board. A good journal to look at is “Interfaces”. You may also find it useful to browse the Winter Simulation Conference archive. However, do not limit yourself to this journal. For the article that you choose, explain:
What course topic your article addresses,
How the article’s coverage differs from what was included in the course notes, and
Why it adds to our understanding of the course material.
Use between 150 and 250 words for your post. Do not just copy from the paper or its abstract. Read the paper and think about the three bullets above. Also, attach a pdf of the article.
option 2. Discuss topics of your choice from Lecture 9 and Lecture 10.
Discussion 2: Choose one of the risk categories discussed (e.g, operational risk, strategic risk, reputational risk, financial risk etc – please refer to Figure 12.3 – Categorization of firmwide risks). Research this risk and discuss its importance and approaches to model/analyze it. Does simulation play a role in analyzing your risk of choice?
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