THE LOST CITY OF ATLANTIS (3223)
A team of scientists has been looking for the lost city of Atlantis, which is believed to have been swamped
by as a result of a mega disaster around 9600 BC. The Greek philosopher Plato wrote a
0 out of 5 points
FOR THE NSU PROBLEM
What is the probability that the true average profits per game will be between the UCL and
(give you answer in decimals)
Assume you do not know the probabilities of the site being the lost city of Atlantis, another lost
city, or just an interesting geological formation AND that the use of the oceanographic vessel is
NOT an option.
If the team decides to abandon the site and
Final Exam Practice Questions
If Revenue = 1000 and Cost = 500, then what is Profit? Answer = 500.
If Profit =1000 and Cost = 500, then what is Revenue? Answer = 1500.
If Revenue = 1500 and Profit 500, then what is Cost? Answer 1000.
If price =
All answers should be entered using two decimal places unless otherwise
specified. If both decimal
places are zeros then just enter the integer value. Percentages should
be entered without % sign 3.45% should be entered as 3.45. see attached excel sheets.
1. Relaxing a constraint with a non-zero shadow price in a linear program and resolving the
program will cause the objective value of the program to change.
2. Relaxing a constraint with a zero value shadow price in a linear program and resolving t
1. Assume you do know the probabilities of the site being the lost city of Atlantis, another
lost city, or just an interesting geological formation AND that the use of the ocean vessel
is NOT an option. The min-max regret decision is to excavate = TRUE
1. Assume you do not know the probabilities of the site being the lost city of atlantis,
Oceanographic vessel is NOT an option.
The minmax regret decision is to excavate
Correct Answer: TRUE
2. Assume you do not know the probabilities of the site being th
OMGT 3223 Syllabus
Professor: Dr. William Swart
Office: Slay 314
Phone: 328-1414 (ECU)
It is a good practice to let me know if you are planning to stop by during the scheduled
office hours. U
WHAT IS MANAGEMENT SCIENCE?*
What is management science anyway?
While there are many, word-intensive definitions out there, management science
is really nothing more than critical quantitative thinking that leads to systematic,
data based decision m
B GE K
UR R ING DE IS
C ION TRE S AND INTR TO E I
Burger King is contemplating opening a new restaurant on E
treet. It has three different models,
each with a different seating capacity: BK50, BK70, and BK90. Burger Prince estimates that the
WHAT IS SIMULATION?
The art and science of mimicking the behavior of a system in a
controllable environment (time/size).
Questions about the real world
Conduct what if analyses on a simulation model
Get answers fast
Do not disturb the real w
AN ELECTION YEAR PROBLEM
After reviewing the results of the recent Republican primaries in Iowa and New Hampshire, the more conservative
segment of the party has focused on introducing a new candidate into the race for the Republican presidential
SESSION 4 GROUP PROBLEM
(For instructional purposes only)
Session 3 Group Problem recap
Assume you are the manager of local area marketing for Wamart and Taget is considered to be
your main competitor. You are preparing the discount strategies that