Lecture6b - MBAC6080 Decision Modeling and Applications...

Info iconThis preview shows pages 1–13. Sign up to view the full content.

View Full Document Right Arrow Icon
1 MBAC6080 Thomas Vossen Assistant professor of Operations Management Leeds School of Business University of Colorado Boulder, CO 80309-0419 Decision Modeling and Applications
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Lecture 6, part II, 2-20-2008 2 MBAC6080 Today’s Agenda Exam P(review) Review Material Prepare for Midterm Exam Examine sample test questions Answer questions
Background image of page 2
Lecture 6, part II, 2-20-2008 3 MBAC6080 Closed book, closed notes 1-page crib sheet allowed 75 minutes in length Calculators OK, Computers Not 4 or 5 in-class questions + 1 take-home question (article review)
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Lecture 6, part II, 2-20-2008 4 MBAC6080 Midterm Exam Material Week 1 : Intro to Decision Modeling What is Decision Modeling? Applications Overview Issues in Decision Modeling Week 2,3,4 : Linear Programming Models LP components and concepts Formulating LPs Solving LPs: Graphical method, Excel Sensitivity Analysis Concepts Interpreting Excel Sensitivity Report
Background image of page 4
Lecture 6, part II, 2-20-2008 5 MBAC6080 Midterm Exam Material Week 5 : Network Models Shortest Path, Max Flow, Spanning Tree Min Cost Network Flow Week 6 : Integer Programming Formulating IPs Logical Decisions/ Conditions Solving IPs using Excel Fixed Charge Problems, Covering/Packing Problems
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Lecture 6, part II, 2-20-2008 6 MBAC6080 Week 1 : Intro to Decision Modeling
Background image of page 6
Lecture 6, part II, 2-20-2008 7 MBAC6080 Topics Modeling What is a model? Principles of modeling Issues in Decision Modeling Examples of mathematical models
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Lecture 6, part II, 2-20-2008 8 MBAC6080 Sample Applications Military Applications, Queueing, Search for Sunken Treasure, Medical Diagnosis (Video) Bidding/Auctions Etc ……
Background image of page 8
Lecture 6, part II, 2-20-2008 9 MBAC6080 Aspects of Decision-Modeling Decision-Making involves making trade-offs Decision Models are complicated by multiple alternatives/decision-makers/criteria Uncertainty Need for structured approach to generate, evaluate, rationalize decisions
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Lecture 6, part II, 2-20-2008 10 MBAC6080 Sample Question After finishing in-class part, select one of the remaining articles Summary (approximately 2 pages) due Wednesday after exam General description of problem, approach, complicating issues Your thoughts on article Not necessary to delve into model details (article may use models other than LPs) In addition, be prepared to give “elevator pitch” (1minute summary) when the exam is reviewed in class. This may impact your grade.
Background image of page 10
Lecture 6, part II, 2-20-2008 11 MBAC6080 Week 2,3,4 : Intro to LP
Background image of page 11

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Lecture 6, part II, 2-20-2008 12 MBAC6080 Topics LP components Decisions, Objective Function, Constraints LP concepts LP standard form, LP assumptions, Corner point solutions Alternate optima, Unbounded solutions, Infeasible problems Solving LPs Graphical Method: determining feasible region, objective function line Using Excel Formulating LPs “Template” Approach
Background image of page 12
Image of page 13
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 47

Lecture6b - MBAC6080 Decision Modeling and Applications...

This preview shows document pages 1 - 13. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online