IIMT 3636
Assignment 04
(Chapter 02 & 03; Due Feb 27)
1. The following data give the starting salary for students who recently graduated from a local university
and accepted jobs soon after graduation
Chapter 03
Linear Programming Models
IIMT3636
School of Business
The University of Hong Kong
Instructor: Dr. Wei ZHANG
2
Introduction
Many management decisions involve making the most
effective use o
THE UNIVERSITY OF HONG KONG
FACULTY OF BUSINESS AND ECONOMICS
School of Business
IIMT3636 Decision and risk analysis I
2017-2018, Semester 2
GENERAL INFORMATION
Instructor: Dr. ZHANG, Wei
Email: wzhan
Chapter 00
Introduction and Syllabus
IIMT3636
School of Business
The University of Hong Kong
Instructor: Dr. Wei ZHANG
2
What will be learned in this course?
Data
Decision
+
Model
Risk
3
What will be
IIMT 3636 Group Project: Napa Valley Winery Group
Illustrated below is a timeline of the costs that would be incurred in the first 2 years of operation
for the Napa Valley Winery:
Part I
I.I Building
IIMT 3636
Assignment 01
(Chapter 01 Probability Concepts and Applications; Due Feb 6)
1. The oasis outpost of Abu Ilan, in the heart of the Negev desert, has a population of 23 Bedouin
tribesmen and 2
Chap 1
Probability & Statistics
1. The probability of winning and drawing a large crowd = 0.86 14/20 = 0.602
2. P(Abu Ilan and Bedouin) = 23/(23+25) x (0.5) = 0.2396
P(El Kamin and Bedouin) = 35/(35+9
Chapter 5
Inventory Control
Introduction
Inventory is any stored resource used to satisfy a
current or future need
Common examples are raw materials, work-inprocess, and finished goods
Most compani
4.3 M/M/s Queueing Model
Characteristics
1. Interarrival time is exponential with rate
Arrival process is Poisson Process with rate
2. Interarrival time is exponential with rate
Number of services
APPENDICES
630
iillilllillili
Om: NNA Ow; NON NO; NOA OWH MON mm: VOA HON OM .N HNN NMN OON OO.M WON 8
ON. OmA mm; HO; OOA mWH MM: NO; OOA NON OON MEN ONN OWN wON NO.M NON ONO
OM; NO: OOA OWN OWH VO
Normal Table:
Example: To find the area under the normal curve, you must
know how many (z) standard deviations that point is to the
right of the mean. Then the areal under the normal curve can
be dire
Chap 8 Queuing
1. A university cafeteria line in the student center is a self-serve facility in which students select the
food items they want and then form a single line to pay the cashier. Students
Solution to the Monty Hall Problem with the
Bayesian Theorem
Lukas Prokop
September 27, 2013
1
The problem
In a quizshow, the candidate has to select one of three doors. Behind two doors
there is a go
Chap 5 Inventory Control (Due Nov. 28)
1. Barbara Bright is the purchasing agent for West Valve Company. West Valve sells industrial valves
and fluid control devices. One of the most popular valves is