DQ1 Apply a business decision model to something you do every day, such as selecting an outfit, ordering lunch, or determining your exercise routine. Be creative in your approach. How did you select the model? Include rationale with support from the readings.   DQ2 Create a decision tree for the scenario you outlined in Topic […]

DQ1 Models that pertain to the distribution of a resource within supply chains are often referred to as networks. Distribution among these networks is key to the success of a business while also keeping cost production at a minimum. Discuss at least three ways that linear optimization models can be applied to both physical as […]

DQ1 Describe workforce scheduling, blending, and logistics problems facing your current organization or industry. What is being optimized in each of your examples and why? Which linear optimization techniques could be applied to the examples you identified? Support your response with rationale from the readings.   DQ2 Discuss how your organization could use an operations […]

DQ1 Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models? Support your rationale with evidence from readings or external research.   DQ2 Find a current example of a linear optimization model used in your industry. Describe the industry’s needs, including any […]

DQ1 Discuss the strategic importance of forecasting at your organization (or in one with which you are familiar). Provide two examples of ways that forecasting could improve organizational processes or strategic decisions. Support your rationale with evidence from the readings or external research.   DQ2 Explain how error measures can help to optimize moving averages, […]

DQ1 Apply a business decision model to something you do every day, such as selecting an outfit, ordering lunch, or determining your exercise routine. Be creative in your approach. How did you select the model? Include rationale with support from the readings.   DQ2 Create a decision tree for the scenario you outlined in Topic […]

Data Analysis Case Study The purpose of this assignment is to apply a waiting line model to a business service operation in order to recommend the most efficient use of time and resources.   (This assignment has been adapted from Case Problem 2 in Chapter 15 of the textbook.)   Use the information in the […]

DQ1 Apply a business decision model to something you do every day, such as selecting an outfit, ordering lunch, or determining your exercise routine. Be creative in your approach. How did you select the model? Include rationale with support from the readings.   DQ2 Create a decision tree for the scenario you outlined in Topic […]

DQ1 Describe a current problem facing your department, organization, or industry that would indicate the need for a simulation model. How best would this problem be solved by simulation versus the other modeling techniques covered in the course? Support your response with rationale from the readings.   DQ2 Consider some of the examples you have […]

DQ1 Describe a waiting line situation that you regularly face in your daily life. Explain how you would improve the structure of that system by applying waiting line analysis.   DQ2 What are the economic costs of waiting lines? How might these costs be measured? What decision criteria can be used to justify expanding services […]