Applied Management Science

Modeling, Spreadsheet Analysis, and Communication for Decision Making

Author: John A. Lawrence,Barry A. Pasternack

Publisher: Wiley

ISBN: 9780471391906

Category: Business & Economics

Page: 672

View: 1024

Emphasizes building the most appropriate model possible from the available data. * Major focus is on analysis and communication of results to management. Teaches readers how to conduct a management science study, analyze different situations, break down the steps of problem-solving, write a business report, and effectively communicate study results to management. * A supporting CD-ROM is packaged with every book to include three complete additional chapters, additional cases and problems for every chapter, coverage of key algorithms and derivations, a review of statistics, the complete WINQSB package developed by Yih-Long Chang, and Excel files for every chapter. * Computer Integrated Approach: Use of Excel, WinQSB, and LINDO for windows integrated throughout text for use in solving models.
Posted in Business & Economics

A Professional's Guide to Decision Science and Problem Solving

An Integrated Approach for Assessing Issues, Finding Solutions, and Reaching Corporate Objectives

Author: Frank A. Tillman,Deandra T. Cassone

Publisher: FT Press

ISBN: 0132869829

Category: Business & Economics

Page: 280

View: 3776

A Professional's Guide to Decision Science and Problem Solving provides an integrated, start-to-finish framework for more effective problem solving and decision making in corporations. Drawing on vast experience in the field, the authors show how to apply state-of-the-art decision science, statistical modeling, benchmarking, and processing modeling techniques together to create a robust analytical framework for better decision making in any field, especially those that rely on advanced operations management. They integrate both newly-developed and time-tested techniques into a logical, structured approach for assessing corporate issues, developing solutions, and making decisions that drive the successful achievement of corporate objectives. Coverage includes: defining objectives, exploring the environment; scoping problems and evaluating their importance; bringing data mining and statistical analysis to bear; solving problems and measuring the results; evaluating the results and performing sensitivity analysis, and more. The book concludes with three case study chapters that walk through the effective use of its methods, step-by-step. Representing a wide variety of corporate environments, these case studies underscore and demonstrate the method's exceptional adaptability. This book will be valuable in a wide range of industries, notably finance, pharmaceutical, healthcare, economics, and manufacturing.
Posted in Business & Economics

Practical Management Science

Author: Wayne L. Winston,S. Christian Albright

Publisher: Cengage Learning

ISBN: 1337671983

Category: Business & Economics

Page: 50

View: 8029

Take full advantage of the power of spreadsheet modeling with the guidance in PRACTICAL MANAGEMENT SCIENCE, 6E, geared entirely to Excel 2016. This edition integrates modeling into all functional areas of business -- finance, marketing, operations management -- using real examples and real data. The book emphasizes applied, relevant learning while presenting the right amount of theory to ensure readers gain a strong foundation. Exercises offer practical, hands-on experience working with the methodologies. The authors focus on modeling rather than algebraic formulations or memorization of particular models. This edition provides new and updated cases as well as a new chapter on data mining. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Posted in Business & Economics

Business Analytics with Management Science Models and Methods

Author: Arben Asllani

Publisher: Pearson Education

ISBN: 0133760359

Category: Business & Economics

Page: 400

View: 3887

This book is about prescriptive analytics. It provides business practitioners and students with a selected set of management science and optimization techniques and discusses the fundamental concepts, methods, and models needed to understand and implement these techniques in the era of Big Data. A large number of management science models exist in the body of literature today. These models include optimization techniques or heuristics, static or dynamic programming, and deterministic or stochastic modeling. The topics selected in this book, mathematical programming and simulation modeling, are believed to be among the most popular management science tools, as they can be used to solve a majority of business optimization problems. Over the years, these techniques have become the weapon of choice for decision makers and practitioners when dealing with complex business systems.
Posted in Business & Economics

Communications With Data

Communicating Data Insights Using a Combination of Data, Visuals, and Narrative.

Author: Stewart Alan Sutton

Publisher: Createspace Independent Publishing Platform

ISBN: 9781979278751

Category:

Page: 240

View: 1445

This book has been developed as an instructional guide for classes taught in the subject area of data visualization and communications. It can be used as a reference text for both undergraduate and graduate-level studies and the emphasis is toward establishing a working foundation and competency in data visualization and applying that skill as part of business communications. This text was constructed to make it easier for each of my students to navigate these topics across specific individual textbooks as they establish their core operating foundation in these intersecting topics.
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Business Case Analysis with R

Simulation Tutorials to Support Complex Business Decisions

Author: Robert D. Brown III

Publisher: Apress

ISBN: 1484234952

Category: Computers

Page: 282

View: 9790

This tutorial teaches you how to use the statistical programming language R to develop a business case simulation and analysis. It presents a methodology for conducting business case analysis that minimizes decision delay by focusing stakeholders on what matters most and suggests pathways for minimizing the risk in strategic and capital allocation decisions. Business case analysis, often conducted in spreadsheets, exposes decision makers to additional risks that arise just from the use of the spreadsheet environment. R has become one of the most widely used tools for reproducible quantitative analysis, and analysts fluent in this language are in high demand. The R language, traditionally used for statistical analysis, provides a more explicit, flexible, and extensible environment than spreadsheets for conducting business case analysis. The main tutorial follows the case in which a chemical manufacturing company considers constructing a chemical reactor and production facility to bring a new compound to market. There are numerous uncertainties and risks involved, including the possibility that a competitor brings a similar product online. The company must determine the value of making the decision to move forward and where they might prioritize their attention to make a more informed and robust decision. While the example used is a chemical company, the analysis structure it presents can be applied to just about any business decision, from IT projects to new product development to commercial real estate. The supporting tutorials include the perspective of the founder of a professional service firm who wants to grow his business and a member of a strategic planning group in a biomedical device company who wants to know how much to budget in order to refine the quality of information about critical uncertainties that might affect the value of a chosen product development pathway. What You’ll Learn Set up a business case abstraction in an influence diagram to communicate the essence of the problem to other stakeholders Model the inherent uncertainties in the problem with Monte Carlo simulation using the R language Communicate the results graphically Draw appropriate insights from the results Develop creative decision strategies for thorough opportunity cost analysis Calculate the value of information on critical uncertainties between competing decision strategies to set the budget for deeper data analysis Construct appropriate information to satisfy the parameters for the Monte Carlo simulation when little or no empirical data are available Who This Book Is For Financial analysts, data practitioners, and risk/business professionals; also appropriate for graduate level finance, business, or data science students
Posted in Computers

An Introduction to Management Science: Quantitative Approaches to Decision Making

Author: David R. Anderson,Dennis J. Sweeney,Thomas A. Williams,Jeffrey D. Camm,James J. Cochran

Publisher: Cengage Learning

ISBN: 1305544668

Category: Business & Economics

Page: 912

View: 3926

Reflecting the latest developments in Microsoft Office Excel 2013, Anderson/Sweeney/Williams/Camm/Cochran/Fry/Ohlmann's AN INTRODUCTION TO MANAGEMENT SCIENCE: QUANTITATIVE APPROACHES TO DECISION MAKING, 14E equips readers with a sound conceptual understanding of the role that management science plays in the decision-making process. The trusted market leader for more than two decades, the book uses a proven problem-scenario approach to introduce each quantitative technique within an applications setting. All data sets, applications, and screen visuals reflect the details of Excel 2013 to effectively prepare you to work with the latest spreadsheet tools. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Posted in Business & Economics

Business Analytics: Data Analysis & Decision Making

Author: S. Christian Albright,Wayne L. Winston

Publisher: Cengage Learning

ISBN: 1337225274

Category: Business & Economics

Page: 984

View: 8256

Master data analysis, modeling, and spreadsheet use with BUSINESS ANALYTICS: DATA ANALYSIS AND DECISION MAKING, 6E! Popular with students, instructors, and practitioners, this quantitative methods text delivers the tools to succeed with its proven teach-by-example approach, user-friendly writing style, and complete Excel 2016 integration. It is also compatible with Excel 2013, 2010, and 2007. Completely rewritten, Chapter 17, Data Mining, and Chapter 18, Importing Data into Excel, include increased emphasis on the tools commonly included under the Business Analytics umbrella -- including Microsoft Excel’s “Power BI” suite. In addition, up-to-date problem sets and cases provide realistic examples to show the relevance of the material. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.
Posted in Business & Economics

Business Statistics

For Contemporary Decision Making

Author: Ken Black

Publisher: John Wiley & Sons

ISBN: 0470931469

Category: Business & Economics

Page: 880

View: 7458

Black's latest outstanding pedagogy of Business Statistics includes the use of extra problems called "Demonstration Problems" to provide additional insight and explanation to working problems, and presents concepts, topics, formulas, and application in a manner that is palatable to a vast audience and minimizes the use of "scary" formulas. Every chapter opens up with a vignette called a "Decision Dilemma" about real companies, data, and business issues. Solutions to these dilemmas are presented as a feature called "Decision Dilemma Solved." In this edition all cases and "Decision Dilemmas" are updated and revised and 1/3 have been replaced for currency. There is also a significant number of additional problems and an extremely competitive collection of databases (containing real data) on: international stock markets, consumer food, international labor, financial, energy, agribusiness, 12-year gasoline, manufacturing, and hospital.
Posted in Business & Economics

Business Analytics

Methods, Models, and Decisions

Author: James R. Evans

Publisher: Pearson College Division

ISBN: 9780321997821

Category: Business & Economics

Page: 656

View: 4616

Business Analytics, Second Edition teaches the fundamental concepts of the emerging field of business analytics and provides vital tools in understanding how data analysis works in today's organizations. Students will learn to apply basic business analytics principles, communicate with analytics professionals, and effectively use and interpret analytic models to make better business decisions. Included access to commercial grade analytics software gives students real-world experience and career-focused value. Author James Evans takes a balanced, holistic approach and looks at business analytics from descriptive, and predictive perspectives.
Posted in Business & Economics

Managerial Decision Modeling with Spreadsheets

Author: Nagraj Balakrishnan,Barry Render,Ralph M. Stair

Publisher: Prentice Hall

ISBN: 9780136115830

Category: Business & Economics

Page: 588

View: 5980

Balakrishnan offers the perfect balance of the decision modeling process and the use of spreadsheets to set up and solve decision models. The third edition has been updated to reflect the latest version of Excel.
Posted in Business & Economics

Applied Management Science

A Computer-Integrated Approach for Decision Making 2nd Edition with Reg Car AMS Set

Author: John A. Lawrence

Publisher: N.A

ISBN: 9780470906996

Category:

Page: N.A

View: 489

Posted in

Decision Making in Systems Engineering and Management

Author: Gregory S. Parnell, PhD,Patrick J. Driscoll,Dale L. Henderson

Publisher: John Wiley & Sons

ISBN: 0470934719

Category: Technology & Engineering

Page: 544

View: 2940

Decision Making in Systems Engineering and Management is a comprehensive textbook that provides a logical process and analytical techniques for fact-based decision making for the most challenging systems problems. Grounded in systems thinking and based on sound systems engineering principles, the systems decisions process (SDP) leverages multiple objective decision analysis, multiple attribute value theory, and value-focused thinking to define the problem, measure stakeholder value, design creative solutions, explore the decision trade off space in the presence of uncertainty, and structure successful solution implementation. In addition to classical systems engineering problems, this approach has been successfully applied to a wide range of challenges including personnel recruiting, retention, and management; strategic policy analysis; facilities design and management; resource allocation; information assurance; security systems design; and other settings whose structure can be conceptualized as a system.
Posted in Technology & Engineering

Communicating Risks and Benefits

An Evidence Based User's Guide

Author: Baruch Fischhoff

Publisher: Government Printing Office

ISBN: 9780160901799

Category: Health & Fitness

Page: 240

View: 4294

Effective risk communication is essential to the well-being of any organization and those people who depend on it. Ineffective communication can cost lives, money and reputations. Communicating Risks and Benefits: An Evidence-Based User’s Guide provides the scientific foundations for effective communications. The book authoritatively summarizes the relevant research, draws out its implications for communication design, and provides practical ways to evaluate and improve communications for any decision involving risks and benefits. Topics include the communication of quantitative information and warnings, the roles of emotion and the news media, the effects of age and literacy, and tests of how well communications meet the organization’s goals. The guide will help users in any organization, with any budget, to make the science of their communications as sound as the science that they are communicating.
Posted in Health & Fitness

Excel Basics to Blackbelt

An Accelerated Guide to Decision Support Designs

Author: Elliot Bendoly

Publisher: Cambridge University Press

ISBN: 1107245281

Category: Business & Economics

Page: 400

View: 5557

This second edition of Excel Basics to Blackbelt capitalizes on the success of the first edition and leverages some of the advancements in visualization, data analysis, and sharing capabilities that have emerged over the past five years. As with the original text, the second edition is intended to serve as an accelerated guide to decision support designs for consultants and service professionals. This 'fast track' enables a ramping up of skills in Excel for those who may have never used it to reach a level of mastery that will allow them to integrate Excel with widely available associated applications, make use of intelligent data visualization and analysis techniques, automate activity through basic VBA designs, and develop easy-to-use interfaces for customizing use. In other words, this book provides users with lessons and examples on integrative Excel use that are not available from alternative texts.
Posted in Business & Economics

WinQSB

Author: Yih-Long Chang,Kiran Desai

Publisher: Wiley

ISBN: 9780471406723

Category: Business & Economics

Page: 240

View: 1852

* Wide range of problem-solving tools from management science and operations management * User-friendly, easy-to-understand environment-users learn how these tools work and how to apply them to tackle business problems * Data entry is spreadsheet oriented and easy to do * Output includes spreadsheet tables and graphic analyses * Extensive help files support the user every step of the way
Posted in Business & Economics

Business Analytics, Global Edition

Author: James R. Evans

Publisher: Pearson Higher Ed

ISBN: 1292095458

Category: Business & Economics

Page: 656

View: 5307

For undergraduate or graduate business students. A balanced and holistic approach to business analytics Business Analytics, Second Edition teaches the fundamental concepts of the emerging field of business analytics and provides vital tools in understanding how data analysis works in today’s organizations. Students will learn to apply basic business analytics principles, communicate with analytics professionals, and effectively use and interpret analytic models to make better business decisions. Included access to commercial grade analytics software gives students real-world experience and career-focused value. Author James Evans takes a balanced, holistic approach and looks at business analytics from descriptive, and predictive perspectives.
Posted in Business & Economics

Medical Decision Making

Author: Harold C. Sox,Michael C. Higgins,Douglas K. Owens

Publisher: John Wiley & Sons

ISBN: 1118341562

Category: Medical

Page: 368

View: 7624

This book clearly demonstrates how to best make medical decisions while incorporating clinical practice guidelines and decision support systems for electronic medical record systems. New to this edition is how medical decision making ideas are being incorporated into clinical decision support systems in electronic medical records and also how they are being used to shape practice guidelines and policies.
Posted in Medical

Foundations of Production and Operations Management

Author: Martin Starr

Publisher: Atomic Dog Pub Incorporated

ISBN: 9781592602766

Category: Business & Economics

Page: 652

View: 2446

Foundations of Production and Operations Management focuses on the concepts essential to a simple-quantitative understanding of strategies and tactics in the P/OM field. Using a managerial focus with the systems approach, this book clarifies the field of Production and Operations Management in its current state. The systems approach is ideal for the managerial focus because the systems approach crosses functional boundaries in search of best solutions. This line of attack has come into strong favor by industry managers. In lieu of detailed quantitative discussions, Starr has streamlined, clarified, and updated fundamental qualitative concepts of business and P/OM. This introductory text provides students with a solid managerial framework for making better decisions, developing career skills, and problem-solving to support company sustainability. The writing style encourages educational literacy. This textbook is dedicated to broad educational objectives in the belief that managers prefer to hire well-informed students. Foundations of Production and Operations Management focuses on the concepts essential to a simple-quantitative understanding of strategies and tactics in the P/OM field. Using a managerial focus with the systems approach, this book clarifies the field of Production and Operations Management in its current state. The systems approach is ideal for the managerial focus because the systems approach crosses functional boundaries in search of best solutions. This line of attack has come into strong favor by industry managers. In lieu of detailed quantitative discussions, Starr has streamlined, clarified, and updated fundamental qualitative concepts of business and P/OM. This introductory text provides students with a solid managerial framework for making better decisions, developing career skills, and problem-solving to support company sustainability. The writing style encourages educational literacy. This textbook is dedicated to broad educational objectives in the belief that managers prefer to hire well-informed students.
Posted in Business & Economics

Business Statistics for Competitive Advantage with Excel 2016

Basics, Model Building, Simulation and Cases

Author: Cynthia Fraser

Publisher: Springer

ISBN: 3319321854

Category: Business & Economics

Page: 475

View: 7304

The revised Fourth Edition of this popular textbook is redesigned with Excel 2016 to encourage business students to develop competitive advantages for use in their future careers as decision makers. Students learn to build models using logic and experience, produce statistics using Excel 2016 with shortcuts, and translate results into implications for decision makers. The textbook features new examples and assignments on global markets, including cases featuring Chipotle and Costco. A number of examples focus on business in emerging global markets with particular emphasis on emerging markets in Latin America, China, and India. Results are linked to implications for decision making with sensitivity analyses to illustrate how alternate scenarios can be compared. The author emphasises communicating results effectively in plain English and with screenshots and compelling graphics in the form of memos and PowerPoints. Chapters include screenshots to make it easy to conduct analyses in Excel 2016. PivotTables and PivotCharts, used frequently in business, are introduced from the start. The Fourth Edition features Monte Carlo simulation in four chapters, as a tool to illustrate the range of possible outcomes from decision makers’ assumptions and underlying uncertainties. Model building with regression is presented as a process, adding levels of sophistication, with chapters on multicollinearity and remedies, forecasting and model validation, auto-correlation and remedies, indicator variables to represent segment differences, and seasonality, structural shifts or shocks in time series models. Special applications in market segmentation and portfolio analysis are offered, and an introduction to conjoint analysis is included. Nonlinear models are motivated with arguments of diminishing or increasing marginal response.
Posted in Business & Economics