Spreadsheet Decision Modeling-mgt425 -seu
Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University College of Administrative and Financial Sciences Assignment-3 MGT425-Spreadsheet Decision Modeling Due Date: 13/04/2024 @ 23:59 Course Name: Spreadsheet Decision Modeling Course Code: MGT425 Student’s Name: Semester: Second CRN: Student’s ID Number: Academic Year: 2023-2024 (1445 H) For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained / Out of 10 Level of Marks: High/Middle/Low General Instructions – PLEASE READ THEM CAREFULLY • • • • • • • • The Assignment must be submitted on Blackboard (WORD format only) via allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented; marks may be reduced for poor presentation. This includes filling your information on the cover page. Students must mention question number clearly in their answer. Late submission will NOT be accepted. Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism). Submissions without this cover page will NOT be accepted. Course Learning Outcomes-Covered Aligned (PLOs) MGT.K.1 (1.1) MGT.K.3 (1.2) MGT.S.1 (2.1) MGT.V.1 (3.1) Course Learning Outcomes (CLOs) Question Find some structured ways of dealing with complex managerial decision problems. Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems. Demonstrate the tools for deciding when and which decision models to use for specific problems. Build an understanding of the kind of problems that is tackled using Spreadsheet Modeling and decision analysis. Question-1 Question-4 Question-2 Question-3 Assignment Instructions: • Log in to Saudi Digital Library (SDL) via University’s website • On first page of SDL, choose “English Databases” • From the list find and click on EBSCO database. • In the Search Bar of EBSCO find the following article: Title: “Modeling Autonomous Decision-Making on Energy and Environmental Management Using Petri-Net: Case Study”. Author: Niken Prilandita, Benjamin McLellan, Tetsuo Tezuka. Assignment Questions: (Marks 10) Read the above case study and answer the following Questions: Question 1: Explain the autonomous decision-making process, its advantages and disadvantages (250-300 words) (2.5-Marks). Question 2: Discuss the Centralized and De-centralized Decision-Making Approaches with suitable examples (250-300 words). (2.5-Marks). Question 3: Explain the various stages of Decision-Making Cycle based on this case study (250-300 words) (2.5-Marks). Question 4: Why are the most decisions made on energy and environmental management known as the decisions of community interest. (250-300 words) (2.5-Marks). Answers: 1. 2. 3. 4.
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