BUS 461

  • BUS 461 Week 1 DQ 2 Defining the Problem

    Defining the Problem. When is management science generally applied? What kinds of problems do management scientists face? Provide an example of a “problem” an organization you have been involved with has faced that did, or could have...

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  • BUS 461 Week 1 Problems

    Week One Problems. Complete Problems 11 through 25 at the end of Chapter 1 using the Greeting Card Sales.xls Excel file on the CD-ROM accompanying the text. Submit to your instructor.  

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  • BUS 461 Week 1 Quiz

    1.    Question :    In management science problems, algorithms are: Student Answer:          very complex, thus rarely used. used in optimization but not in heuristics. employed in...

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  • BUS 461 Week 2 DQ 1 Agriculture Problem

    Agriculture Problem. Review problem 12 at the end of Chapter 2 in the text: Frank Hurley is a farmer with 250 acres on which he wishes to plant wheat and corn to maximize his expected return for the season. For crop rotation purposes he must plant at...

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  • BUS 461 Week 2 Quiz

    1.    Question :    The functional constraints of a linear model with nonnegative variables are 3X1 + 5X2 = 16 and 4X1 + X2 = 10. Which of the following points could not be an optimal solution for the model? Student...

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  • BUS 461 Week 3 DQ 1 PERT CPM

    PERT/CPM. You have been asked to fill-in for your boss this week. Your boss’s assistant informs you that he had scheduled an engagement to teach a group of students at the local University about PERT/CPM approach to project scheduling and has asked...

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  • BUS 461 Week 3 Quiz

    1.    Question :    In a maximal flow problem: Student Answer:          Multiple sources may be accommodated, but multiple sinks may not. Arc capacities must be the same in either...

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  • BUS 461 Week 4 DQ 1 Decision Analysis

    Decision Analysis. Many real-world decision problems consist of a sequence of dependent decisions. Develop a scenario that has a series/sequence of activities applicable to a “Decision Tree” type analysis. Explain why the scenario you...

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  • BUS 461 Week 4 DQ 2 Forecasting Approaches

    Forecasting Approaches. Compare and contrast the stationary forecasting model approach with that of a time series forecasting approach. Identify and explain key factors that are relevant in the selection of a specific approach. Respond to at least two of...

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  • BUS 461 Week 4 Quiz

    1.    Question :    The “principle of insufficient reason” indicates the decision maker’s belief that any state of nature is as likely to occur as any other state. Student Answer:     ...

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  • BUS 461 Week 5 DQ 1 Queuing Models

    Queuing Systems. In today’s fast-paced environment, individuals are continually trying to do more with the same limited time constraints. In a retail store like Wal-Mart, explain how components of queuing systems can influence customer satisfaction...

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  • BUS 461 Week 5 DQ 2 Simulation Models

    Simulation Models. Under what conditions would you choose to use a simulation model? What is the simulation process? Explain the pros and cons of using simulation modeling. Respond to at least two of your classmates’ postings.  

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  • BUS 461 Week 5 Final Paper

    Submit a six to eight-page paper (not including the title and reference pages) on one of the major topics listed below. Incorporate at least two related scholarly sources: Linear and integer programming modeling Network modeling Project scheduling...

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