Decision Modeling (BUS 355) Fall 2014
Homework-2 (Due Sep 18 by 8:30 pm)
Guidelines:
(i) The homework must be submitted as a Word document including your honors pledge.
Please submit your Word document to Moodle by Sep 18, 8:30 p.m.
(ii) No late submissio
Homework 1 Probability Concepts Fall 2014
Directions:
(i)
(ii)
(iii)
Save this Word document with your solution as following: your last name_first
name_HW1.docx. Dont forget the honors pledge. Please show all your work. Include your
answers under each que
BUS355 Spring 2014
Homework Assignment 3: Probability Theory
Due on February 27th, 2014 10:00 PM
Problem 1 (15 points)
15 out of 15: Great!
Burger City is a large chain of fast-food restaurants specializing in gourmet
hamburgers. In the past, 80% of all r
Microsoft Excel 14.0 Answer Report
Worksheet: [In Class Linear Practice.xlsx]Sheet1
Report Created: 4/14/2014 12:59:01 PM
Result: Solver found a solution. All Constraints and optimality conditions are satisfied.
Solver Engine
Engine: Simplex LP
Solution T
BUS 355: Decision Modeling
Linear Programming
Problem 1
Tucker Inc. produces high-quality suits and sport coats for men. Each suit requires 1.2
hours of cutting time and 0.7 hours of sewing time, uses 6 yards of material, and
provides a profit contributio
Fall 2014 Midterm-2 Exam Study guide
The exam will be an open-book and open-notes exam. You could bring any material you wish, but you
cannot hold me accountable for any material other than the textbook and class material. You will have 55
minutes to comp
Decision Modeling (BUS 355) Fall 2014
Homework-3
Guidelines:
1. The homework must be submitted as a Word document including your honors pledge. Please
submit your Word document to Moodle by Oct 9, 8:30 p.m.
2. Late submissions will be subjected to penalti
Homework 6 - Decision-Making under Uncertainty and Risk
Fall 2014
Directions:
(i)
(ii)
(iii)
(iv)
Name your word document with solution as following: your last name_first name_HW5.docx.
Dont forget the honors pledge.
You can use Excel to do analysis, but
Fall 2014 Midterm-1 Exam Study guide
The exam will be an open-book and open-notes exam. You could bring any material you wish, but you
cannot hold me accountable for any material other than the textbook and class material. You will have 55
minutes to comp
BUS355 Spring 2014
Homework Assignment 6: Linear Programming
Due on April 17th, 2013 10:00 PM
Problem 1 (60 Points)
Jingani Pottery Company is a small crafts operation run by a Native American tribal council. The
company employs skilled artisans to produc
BUS355 Spring 2014
Homework Assignment 4: Simulation
Due on April 3, 2014 10:00 PM
Problem 1
Mapple Inc. is just about to release their ePod mini. They would like to sell the device for
$329. They anticipate the first-year administrative cost to be $400,0
BUS355 Spring 2014
Homework Assignment 2: Decision Theory
Due on January 30, 2014 10:00 PM
Problem 1 (55 points)
Jeff Winters is considering investing some money that he inherited. The following payoff
table gives the profits that would be realized during
Exponential
lambda
Pr(T<=45)
Pr(45<=T<=60)=Pr(T<=60)-Pr(T<=45)
0.2857142857 per hr
0.0047619048 per min
#NAME?
#NAME?
Pr(T>2 hr)=1-Pr(T<=2hr)
Pr(X=0 in 2hr)
Pr(T2<=30)
#NAME?
#NAME?
#NAME?
#NAME?
n
mu
sigma
Total sales
Mean
S.D.
Pr(Total<7900)
100
80
20
N
x
Decision Variable
Max
Bowl
Mug
y
12
40
1
4
Calc. Val.
24
50
2
3
Relation
RHS
1680
60 <=
120 <=
60
120
C.
x
Decision Variable
Max
Bowl
Mug
A.
B.
C.
D.
E.
F.
y
12
35
1
4
Calc. Val.
24
35
2
3
Relation
1260
60 <=
120 <=
RHS
60
120
Both constraints are bindi