Lecture 1 Notes
s The body of knowledge involving quantitative approaches to decision making is
referred to as
s It had its early roots in World War II and is flourishing in business and industry
Spanish Exam 1
1. Dr. George J. Sanchez of the University of Southern California has crafted a definitive
piece on the exploration of Latino ancestry and origins in the Y 2 K article. The colonial
relationship between of these groups
Exam 3 Parts 1-3
ONLY 5 QUESTIONS
s The feasible region for a two-variable LP problem can be nonexistent, a single
point, a line, a polygon, or an unbounded area.
s Any linear program falls in one of four categories:
has a unique opti
In Class Quiz 7
What is Mean error?
A simple measure of forecast accuracy is the mean
or average of the forecast errors.
Because positive and negative forecast errors tend to offset one another, the
is likely to be small. Thus, the mean error
In Class Quiz 5
The store manager is concerned that sales are being lost due to stockouts while waiting for
an order. It has been determined that demand during replenishment lead-time is normally
distributed with a mean of 15 gallons and a stan
Quiz 2 Review Guide
Need to know for QUIZ!
Time Series Methods
The objective of time series analysis is to discover a pattern in the historical data or time
series and then extrapolate the pattern into the future
s A time series is a sequence of measureme
Quiz 1 Review Guide
Need to know for QUIZ!
s The consequence resulting from a specific combination of a decision alternative
and a state of nature is a payoff.
s A table showing payoffs for all combinations of decision alternatives and states of
Midterm Study Guide Parts 1-3
s Linear programming has nothing to do with computer programming.
s The use of the word programming here means choosing a course of action.
s Linear programming involves choosing a course of action when the mathematica
Lecture 4 Notes
s Examples of continuous random variables include the following:
The number of ounces of soup placed in a can labeled 8 ounces
The flight time of an airplane traveling from Chicago to New York
The lifetime of the picture tube in a new tele
Lecture 3 Notes
s Linear programming is a problem-solving approach developed for situations
involving maximizing or minimizing a linear function subject to linear constraints
that limit the degree to which the objective can be pursued.
s Integer linear pr
Lecture 2 Notes
Objective Function a mathematical expression that
describes the problems objective, such as maximizing
profit or minimizing cost
Consider a simple production problem. Suppose x
denotes the number of units produced and sold
each week, and t
Paper 1 AET 621
At the beginning of the book the authors Marcelo Surez Orozco and Mariela Pez state
three principles that organized the making of the book. The first principle states that
Latino studies are defined broadly as the scholarly