Module 1
discussion
Give an example from your own experience where you used a
break-even point analysis. What
parameters were necessary to find the break-even point? Please include your break-even calculations
based on the equation from page 8 in the textbook.
Or
Create your own probability problem. Define what type of probability problem you
have and show the best approach to solving the problem..
Module 2
discussion
Chapter 3 presents three types of decision-making
environments. Give examples of decisions
from each decision-making environment that you have been involved with in your
experience.
Or
Summarize and share with your classmates a Decision Analysis
example that you can find on the Web or with another resource.
Module 3
discussion
A multiple regression model has more than one independent
variable. Propose a business problem
that would be best solved by multiple regression analysis. How would you evaluate the quality of the
multiple regression model?
Or
Most businesses use some form of linear regression in
forecasting future conditions. Give an
example of the use of regression analysis at your organization. What were the independent and dependent
variables? How accurate were the
estimates obtained from regression analysis?
Do you feel that this is a valid method of estimating future conditions?
Module 4
discussion
It is really frustrating to run out of stock. Why wouldn’t an organization always store
large quantities of inventory to eliminate shortages and stockouts?
Or
The Economic Order Quantity (EOQ) model is helpful in
determining accurate inventory decisions.
Discuss the major inventory costs that are used in determining the
EOQ. Propose an example from your own
experience or what you could imagine where EOQ could be used to improve
inventory decisions.
Module 5
discussion
PERT networks use a simple statistical method to determine
the most likely task completion times.
Describe how expected activity times and variances can be computed in a
PERT network. Describe a situation in
which a project manager would choose PERT for her project.
Module 6
discussion
Think of a business or personal problem that could be solved
with one of this week’s network models in chapter 9- shortest route, maximal
flow or minimal spanning tree. Briefly
describe the problem and why your chosen network would provide a good solution.
Module 7
discussion
Create your own original Linear Programming problem with a
minimum of two variables and two constraints.
Your problem should be presented in paragraph form and reflected in a LP
equation, showing the objective function and the constraints.
Module 8
discussion
What area of the book or course did you enjoy most? Where will the information learned in this
course benefit you in the future?
