OMIS 2010 SAMPLE Quiz #1
1. A production optimization problem has 4 decision variables and a requirement that at least b 1 units of material b1
are consumed. Which of the following constraints reflects this fact?
a. f(X1, X2, X3, X4) b1
b. f(X1, X2, X3, X

2015-03-16
OMIS 2010
Lecture 9
Waiting Lines/Queuing Theory
Ch.13 (13.0-13.6, 13.9-13.12)
OMIT: 13.7 & 13.8
Introduction to Queuing Theory
It is estimated that Americans spend a total of 37
billion hours a year waiting in lines.
Places we wait in line.

1. In a network diagram, an activity:
a. is the largest unit of work effort consuming both time and resources that a project manager can
schedule and control.
b. is the smallest unit of work effort consuming both time and resources that a project manager

OMIS 2010
Lecture 11
Statistical Process Control
Quality
Meeting, or exceeding, customer
requirements now and in the
future.
i.e. the product or service is fit for the
customers use
Key Dimensions of Quality
Performance
Features
Reliability
Conforman

CHAPTER(12:(
INVENTORY(MANAGEMENT(
Teaching(Notes(
This is a fairly long quantitative chapter, and hence not all the topics can be covered in even two sessions.
The models are for independent demand items such as finished goods, spare parts and supplies (

2015-03-16
An Example Car Repairs
Bob Frazer Auto operates a small 2 bay garage providing
basic car repairs. They are currently operating with only
one mechanic working in a single bay. Because customer
service is critical to repeat business, Bob would li

OMIS 2010
Examples from Final exams with solutions:
1. You are given the opportunity to guess whether a coin is fair or two-headed, where the prior probabilities are
0.5 for each of these possibilities. If you are correct, you win $5; otherwise, you lose

QUESTION 2 - Project Management [20 points]
Your company has just received an order from a good customer for a specially designed electric
motor. The contract states that, starting on the thirteenth day from now, your firm will
experience a penalty of $10

1|Page
OMIS 2010 Formulas & Tables Final Exam
Stationary Data With
Additive Seasonal Effects
Forecasting:
Mean absolute deviation
n
MAD =
Yt + n = E t + St + n p
Yi Yi
E t = (Yt - St-p ) + (1 - )E t 1
n
i =1
St = (Yt - E t ) + (1 - )St p
Mean absolute per

OMIS 2010 Lecture 4
Integer Linear Programming
Integer Programming
Linear programming allows us to solve large
scale problems. It gives answers in terms of
continuous variables
However, there are many situations where we
need solutions to problems which

OMIS 2010 Lecture 3
Common Business Applications
& Excel Solver
Linear Programming (LP) Can Be
Used for Many Managerial Decisions:
Product mix
Media selection
Marketing research
Portfolio selection
Shipping & transportation
Multiperiod scheduling
For a pa

OMIS 2010 Lecture 1
Linear Programming (LP)
Graphical Method
Lecture 1
Introduction to Linear Programming
The Decision Process
Today many of the resources needed as
inputs are in limited supply.
Managers must understand the impact of
this situation on

Value of Perfect Information
The value of information is the expected value of what you would earn with the
information less what you would already have earned without it:
VOPI = EVw/PI EVw/oPI
In our problem, we already determined that we could earn an e

OMIS 2010
Lecture 12 - Decision Theory
The Decision Process
What makes the difference between a
good decision an a bad decision?
A good decision is one that:
1.
2.
Uses analytic decision making
Is based on logic and considers all available
data and possib

OMIS 2010
Lecture 9
Waiting Lines/Queuing Theory
Ch.13 (13.0-13.6, 13.9-13.12)
OMIT: 13.7 & 13.8
Introduction to Queuing Theory
It is estimated that Americans spend a total of 37
billion hours a year waiting in lines.
Places we wait in line.
- stores
- ho

Final Answers to In-Class Problems
1)
2)
3)
4)
4 units of potatoes, 1 unit of steak (cost = 150)
100 regular and 50 deluxe
15 tractors and 30 lawn mowers; assembly is redundant
1 hours operating mine 1 and 3 hour operating mine 2; medium grade and low
gra

OMIS 2010 Lecture 3
Common Business Applications
& Excel Solver
Common Business Applications
Linear Programming (LP) Can Be
Used for Many Managerial Decisions:
Product mix
Media selection
Marketing research
Portfolio selection
Shipping & transportation
Mu

SENSITIVITY SUMMARY (using Excel)
1) DEGENERACY
a. Always check before interpreting sensitivity report.
b. Any allowable increase/decrease of 0 (for the constraints RHS side) in
constraints section indicates degeneracy.
c. If problem is degenerate, sensit

2015-01-15
OMIS 2010 Lecture 2
Modeling with Excel & Sensitivity Analysis
Introduction
Solving LP problems graphically is only
possible when there are two decision
variables.
Few real-world LP have only two decision
variables.
Fortunately, we can now u

IN THE CLASSROOM
s RICK HESSE, Feature Editor, Graziadia Graduate School of Business, Pepperdine University
Triangle Distribution: Mathematica
Link for Excel
Rick Hesse, Feature Editor
I
Rick Hesse
is professor of quantitative
methods at Pepperdine Univer

SPC Class Activity 1
A pizza restaurant monitors the size (measured by the diameter) of the 10-inch pizzas that it prepares. Pizza
crusts are made from doughs that are prepared and pre-packaged in boxes of 15 by a supplier. Doughs are
thawed and pressed i

3/29/2015
OMIS 2010
Lecture 11
Statistical Process Control
Quality
Meeting, or exceeding, customer
requirements now and in the
future.
Key Dimensions of Quality
Performance
Features
Reliability
Conformance
Durability
Serviceability
Aesthetics
Perceived q

OMIS 2010 - Winter 2015
Assignment 1 Instructions
Due Week 5 (Feb 2 - Feb 6) Beginning of Lecture
Assignment Instructions (please read carefully)
1. Assignments are to be typed on the computer (graphs can be generated manually)
2. You must use the cover p

OMIS 2010 - Assignment Cover Page
Winter 2015
Schulich School of Business
Assignment #:
1
Section:
Date Submitted: February 5th, 2015
Group member 1
Group member 2
Last Name:
First Name:
Student #:
Group can be between 2 to 3 members only.
1 of 14
Questio

OMIS 2010 - Assignment Cover Page
Winter 2015
Schulich School of Business
Assignment #:
Group member 1
2
Group member 2
Last Name:
First Name:
Student #:
Section:
Question 1:
Page 1 of 8
a)
Activity Name
A
B
C
D
E
F
G
H
I
J
Optimistic (a)
2
2
1
2
1
2
1
4

22-5-2017
Estadstica II
Tarea #4
Gabriela Membreo 21052027
CEUTEC SPS.
TAREA#4 primer Parcial
ESTADISTICA II
1. Una lnea area afirma que solo el 6% de todo el equipaje que se extrava,
nunca se recupera. Si 37 de 200 unidades de equipaje perdido no se
enco

Gua de Historia
Qu entiende por Historia?
Disciplina que estudia y expone, de acuerdo con determinados
principios y mtodos, los acontecimientos y hechos que pertenecen al
tiempo pasado y que constituyen el desarrollo de la humanidad desde
sus orgenes hast

168 Monopoly Power in The
ory and Practice
per quality and market size*
mm
0.208
1110,01,) (0.021)
% College
*Standard errors in parentheses.
News and the Postcombined. Thus, the
of the rm with the most market share.
in this chapter.12 Overall then,
p

3/8/2017
FIN 301 ASSET PRICING
Capital Asset Pricing Model
1
3/8/2017
2
Overview of the CAPM
We know that risk and return must be related, but how exactly?
Assuming we can measure risk, what is the fair compensation for
taking on that risk?
Assuming we c