Contemporary Management Science: With Spreadsheets, Volume 1
South-Western College Pub., 1999 - Business & Economics - 528 pages
Contemporary Management Science with Spreadsheets will provide both undergraduate and graduate students with a conceptual understanding of the role of management science in the decision-making process. The new aspect in this text is an emphasis on how Microsoft Excel can be used to implement the techniques of management science and bring timely decision-making information to the screen of a personal computer.
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assignment average number Burger Dome capacity Chapter component compute decision altemative decision tree decision variables deﬁned demand developed equation Excel Solver expected value feasible region feasible solution ﬁnd ﬁrm ﬁrst fuel additive Goal Seek graphical solution procedure increase integer linear programming inventory left-hand sides linear programming model linear programming problem LP Relaxation machine management science manufacturing mathematical model maximize mean arrival rate mean service rate money market fund node number of units objective function coefﬁcient operating characteristics optimal solution Parameters dialog box placed into cells portfolio probability distribution proﬁt contribution quantitative retum right-hand side RMC problem sensitivity analysis shadow price shown in Figure shows slack variables solve solvent base Solver Parameters dialog speciﬁc spreadsheet formulation Spreadsheet Solution stock fund surplus variables tons of fuel tons of material tons of solvent total cost total proﬁt transshipment problem waiting line model