Introductory management science: decision modeling with spreadsheets, Volume 1
This highly-esteemed text introduces readers to the key ideas of modeling and management decision making that will be important to them throughout their careers. Addressing the needs of readers interested in both business administration and decision science careers, the book provides a conceptual foundation for all topics and the role of spreadsheet modeling techniques in the larger context of business decision-making. This text fully integrated Excel spreadsheets. It is packaged with a free CD-ROM which contains the student version of Crystal Ball Software, Excel templates, plus much, much more. Part of JIT program.
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Interpreting Solver 6 3 Variations on the Transportation Model
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activity altemative analysis assigned Assume average Blend cash cell Chapter coefﬁcient column constraint decision tree decision variables deﬁned demand dialog distribution dollars equal equation estimate example expected retum expected value exponential exponential distribution exponential smoothing feasible region ﬁgure ﬁnal ﬁnd ﬁrm ﬁrst ﬁve ﬁxed ﬂow forecast formulation goal goal programming Goal Seek increase inequality input integer inventory Linear Model linear programming LP model LP relaxation Market Grape Price maximize minimize node nonlinear nonnegativity objective function Open Market Grape optimal decision optimal solution optimal value order quantity payoff performance measure pounds Probabilistic Models probability problem proﬁt programming model PROTRAC queue random variable revenue satisﬁed schedule Sensitivity Report shadow price shown in Figure simulation slack solve Solver Parameters speciﬁc spreadsheet model tion unit variable cost