MAT 540 Quantitative Methods MIDTERM EXAM
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MAT 540 Quantitative Methods MIDTERM EXAM

Course Number: MAT 540, Spring 2012

College/University: Strayer

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foressayquestions,andcommentsfromyourinstructor,areinthe "Details"sectionbelow. QuestionType: DateTaken: 5/6/2011 TimeSpent: 39min,49secs PointsReceived: 200/200(100%) #OfQuestions: MIDTERMEXAM Thesearetheautomaticallycomputedresultsofyourexam.Grades #Correct: True/False 17 17 MultipleChoice 23 23 GradeDetails 1. Question: A_________periodofrealtimeisrepresentedbya__________periodofsimulatedtime. StudentAnswer: short/short short/long long/short long/long PointsReceived: 5of5 Comments: 2. Question: Amodelisafunctionalrelationshipandinclude: StudentAnswer: variables parameters equations alloftheabove PointsReceived: 5of5 Comments: 3. Question: Thestepsofthescientificmethodare: StudentAnswer: problemdefinition,model construction,observation,model solution,implementation. observation,problemdefinition, modelconstruction,model solution,implementation. modelconstruction,problem definition,observation,model solution,implementation. observation,implementation, problemdefinition,model construction,modelsolution.

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Strayer - MAT - 540
TEST #3GradeDetails1.Question:NonnegativityconstraintsStudentAnswer:restrictthedecisionvariablestozero.restrictthedecisionvariablestopositivevaluesrestrictthedecisionvariablestonegativevaluesdonotrestrictthesignofthedecisionvariable.bothaand
Strayer - MAT - 540
TEST #5GradingSummaryThesearetheautomaticallycomputedresultsofyourexam.Grades foressayquestions,andcommentsfromyourinstructor,areinthe"Details"sectionbelow.QuestionType:DateTaken:6/2/2011TimeSpent:26min,53secsPointsReceived:40/40(100%)#OfQuest
Strayer - MAT - 540
P(x)0.100.200.300.401.00Average Repair Time =Average Time Between Breakdowns =Total Loss of Revenue =Average Revenue Lost =Standard Deviation =UCL (95%) =LCL (95%) =CumulativeCopies0.0020000.1040000.3060000.608000Breakdowns1234
Strayer - MAT - 540
MAT 540Quantitative MethodsWeek 3 Assignment #1JET Copies Case ProblemDays to RepairIn determining the average repair time for the copier, I used the discrete probability distributiongiven. From that distribution, I developed a simulation model for
Strayer - MAT - 540
MAT 540Quantitative MethodsWeek 7 Assignment #3Julias Food Booth Case ProblemA. Formulate and solve linear programming model.Letting:x1 = pizza slicesx2 = hot dogsx3 = BBQ sandwichesModel is for the 1st home game.Objective is to maximize total p
Strayer - MAT - 540
MAT 540Quantitative MethodsWeek 10 Assignment #4Stateline Shipping and Transport Company Case Problem1. In Excel, or other suitable program, develop a model for shipping the waste directlyfrom the 6 plants to the 3 waste disposal sites.Stateline Shi
Strayer - MAT - 540
TEST #41.Question:In a balanced transportation model, supply equalsdemand such that all constraints can be treated asequalities.StudentAnswer:TrueFalsePointsReceived:Comments:2.Question:2of2Acroissantshopproduces2products:bearclaws(B)andalmo
Strayer - MAT - 540
1.Question:InagivenexperimenttheprobabilitiesofmutuallyexclusiveeventssumtoStudentAnswer:00.51noneoftheabovePointsReceived:2of2Comments:2.Question:The events in an experiment are mutually exclusive ifonly one can occur at a time.StudentAnsw
Strayer - MAT - 540
Week 4: Week 4 - Assignment #21.2.3.4.5.6.7.Assignment#2:InternetFieldTripResearch: Research at least six (6) information sources on forecasting methods; take notes and recordand interpret significant facts, meaningful graphics, accurate sounds
Strayer - MAT - 540
WEEK 8 - LINEAR PROGRAMMING CONTINUED - APPLICATIONSIN THIS CHAPTER, VARIOUS APPLICATIONS OF THE USE OF LINEAR PROGRAMMINGARE ILLUSTRATED. WE WILL DISCUSS FIVE OF THESE EXAMPLES.I. PRODUCT MIX - PAGE 111 - 116PRODUCTST O BE MIXEDSweatshirt - FrontS
Strayer - MAT - 540
WEEK 10-June 6 - 12Course outcome in focus: Develop solutions for transshipment problems.Use technology and information resources to research issues in Management Science.Supporting topics: The transportation model Computer solution of a transportat
Strayer - MAT - 540
BREAK-EVEN ANALYSISWestern Clothing CompanyFixed costsVariable costsPage 8bmy = mx + b$10,000$8 per unitequation of a straight linem = slope of linem = variable cost per unitb = y-interceptb = fixed costsx = volumeRevenue =$23 per unitTO
Strayer - MAT - 540
Chapter 123 TYPES OF DECISION MAKING1. DECISION MAKING UNDER CERTAINTYBREAK-EVEN ANALYSISACCOUNTING ANALYSISLINEAR PROGRAMMING ANALYSIS2. DECISION MAKING UNDER UNCERTAINTYPROBABILITIES ARE UNKNOWN3. DECISION MAKING UNDER RISKPROBABILITIES ARE KNO
Strayer - MAT - 540
WEEK 6 - SIMULATION - CHAPTER 14WHEN A COMPLEX MODEL IS DIFFICULT TO SOLVE MATHEMATICALLY,ONE CAN SET UP THE MODEL, AND PRACTICE IT OVER AND OVER AGAIN.BY KEEPING A RECORD OF ALL THE RESULTS, YOU CAN DETERMINE BYSTATISTICAL ANALYSIS HOW THE SYSTEM WOR
Strayer - MAT - 540
WEEK 4 - CHAPTER 14 - FORECASTING METHODSWHILE THERE ARE MANY FORECASTING METHODS IN USE, I WILL FOCUS ON THEBASIC METHODS DISCUSSED IN THIS CHAPTER. TO SEE THE FORMULAS USEDCLICK ON ANY CELL AND PRESS THE F2 KEY, AND THE FORMULA WILL BE REVEALED.I. M
Strayer - MAT - 540
KEY POINTS TO REMEMBER - CHAPTERS 14 & 15NOTE: CHAPTERS 1, 11 AND 12 HAVE BEEN COVERED IN PREVIOUS KEY POINTS1 Analogue simulation replaces a physical system with an analogousphysical system that is easier to manipulate.2 A long period of real time is
Strayer - MAT - 540
WEEK 6 - CHAPTER 2 - INTRODUCTION TO LINEAR PROGRAMMINGIN LINEAR PROGRAMMING, THE GOAL IS EITHER TO MAXIMIZE A PROFIT FUNCTION,OR MINIMIZE A COST FUNCTION, WHEN THERE ARE RESTRICTIONS OR "CONSTRAINTS"REQUIRED TO BE CONSIDERED.EXAMPLE - PAGE 33 - MAXIM
Strayer - MAT - 540
EXAMPLE 1XY1) 12) -11728103917451)2)10311751)2)9YY361)2)1) X + 3Y = 172) -X + 6Y = 28100125ROW 1) + ROW 2) =NEW ROW 2)= 45=51) X + 3(5) = 17X + 15 = 17X = 17 - 15X=2DIVIDE ROW 2) BY 9ROW 2) * -3 + ROW 1)= NEW
Strayer - MAT - 540
WEEK 10 - CHAPTER 6 - TRANSPORTATION, TRANSSHIPMENT, AND ASSIGNMENT MODELSI. ASSIGNMENT PROBLEMI WILL START WITH THE ASSIGNMENT PROBLEM, BECAUSE THAT IS THE SIMPLEST OFTHE THREE.ALTHOUGH THE FORMULATION USING THE GENERAL LINEAR PROGRAMMING APPROACHLO
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MANAGEMENT ACCOUNTINGCONCEPTS AND TECHNIQUESDennis CaplanOregon State UniversityCopyright 2006Management Accounting Concepts and TechniquesTable of ContentsChapter Part 1: Introduction1 Management accounting defined, described, and compared to fin
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