MGMT 3050
DECISION SCIENCE
Chapter 1:
Learning Objectives
2
Develop a general understanding of the
management science/operations research
approach to decision making.
Realize that quantitative applications begin with
a problem or opportunity situation.
Ob
I
Introduction to Decision Science
First Exam Fall 2016
Name: _
This is a TAKE-HOME Exam which consists of 5 questions on 7 pages (CHECK
NOW TO ENSURE THAT YOU HAVE A COMPLETE EXAM). You are required
to answer all 4 questions. Answer each question thoroug
Decision Science
Chapter 4 - Linear
Programming
Applications
Learning Objectives
1. Learn about applications of linear
programming that have been encountered
in practice.
2. Develop an appreciation for the diversity
of problems that can be modeled as lin
MGMT 3050 Decision Science
CHAPTER 4: Linear Programming Applications:
Learning Objectives
1. Learn about applications of linear programming that have been encountered in
practice.
2. Develop an appreciation for the diversity of problems that can be model
MGMT 3050 Decision Science
CHAPTER 2: Introduction to Linear Programming
Learning Objectives
1. Learn how to develop linear programming models for simple problems.
2. Be able to identify the special features of a model that make it a linear
programming mo
MGMT 3050 DECISION SCIENCE
Chapter 1: Introduction
Learning Objectives
1. Develop a general understanding of the management science/operations research
approach to decision making.
2. Realize that quantitative applications begin with a problem or opportun
CHAPTER 2
Introduction to Linear Programming
1
Learning Objectives
Learn how to develop linear programming
models for simple problems.
Be able to identify the special features of a
model that make it a linear programming
model.
Learn how to solve two-vari
Linear Programming Applications in Marketing, Finance and Operations Management
Chapter 4 Homework Solutions
11.
Let
xij = units of component i purchased from supplier j
Min
s.t.
12x11
x11
+ 13x12
+ 14x13
+
+
x12
+ 10x21
+
11x22
+ 10x23
x13
x11
= 1000
+
x
East Tennessee State University
Department of Management and Marketing
MGMT 3050 001 - Decision Science
Fall, 2016: M, W, 3:10 to 4:30 p.m.
Classroom: SW 230
Desire 2 Learn Site: Site: http:/elearn.etsu.edu
Instructor:
Office:
Office Hours:
Dr. Michael Sm
Chapter 1 - Homework Solutions:
9.
If a = 3, x = 13 1/3 and profit = 133
If a = 4, x = 10 and profit = 100
If a = 5, x = 8 and profit = 80
If a = 6, x = 6 2/3 and profit = 67
Since a is unknown, the actual values of x and profit are not known with certain