Marina Fomin
Individual Assignment Week 3 REDO
Quantitative Methods QMB-5355
Everest University
26.
The quarterly sales data (number of copies sold) for a college textbook over the past three
years follow:
Quarter
1
2
3
4
Year 1
1690
940
2625
2500
Year 2
Marina Fomin
Individual Assignment Week 2
Quantitative Methods QMB-5355
Everest University
1.
a. Construct a decision tree:
s1
250
d1
d2
s2
100
s3
25
s1
100
s2
100
s3
75
b. If the decision maker knows nothing about the probabilities of the three states of
Marina Fomin
Individual Assignment Week 3
Quantitative Methods QMB-5355
Everest University
1.
Consider following time series data:
Week 1
2
3
4
5
6
Value 18
13
16
11
17
14
Using naive method as forecast for the next week, compute the following measures of
Marina Fomin
Individual Assignment Week 1
Chapter 2 Case Problem p. 59
Quantitative Methods QMB-5355
Everest University
1. Calculate the batting average of each player for her junior year; then also calculate the batting
average of each player for her sen
Marina Fomin
Individual Assignment Week 2
Quantitative Methods QMB-5355
Everest University
1.
a. Construct a decision tree:
s1
250
d1
d2
s2
100
s3
25
s1
100
s2
100
s3
75
b. If the decision maker knows nothing about the probabilities of the three states of
The qualitative approach draws on a managers experience and expertise, which together hone keen
business instincts concerning the likelihood of success. The quantitative approach is more formal. Using
mathematical reasoning, a manager derives the solution
My organization uses linear programming quantitative method to make decisions. We have three
companies under one president and all of his businesses face limited resources, including facility space,
production equipment, supplies and labor. This makes opt
Marina Fomin
Individual Assignment Week 3
Quantitative Methods QMB-5355
Everest University
1.
Consider following time series data:
Week 1
2
3
4
5
6
Value 18
13
16
11
17
14
Using naive method as forecast for the next week, compute the following measures of
Linear programming models can be replicated and combined to produce truly large-scale problems.
Quantities are the decision variables whose values we must determine so as to maximize profits. The
purpose of the linear program is to specify the profits and
Marina Fomin
Individual Assignment Week 5
Chapter 13 Case Problems 21, 22 & 23
Quantitative Methods QMB-5355
Everest University
21. Consider following project network and activity time in days:
Crashing data for this project is as follows:
a. Find critica
1. Assuming no daily absences and taking into account the need to staff Kelley days,
determine the base number of firefighters needed by each unit.
Over a twenty one day scheduling period, each unit will be scheduled for seven days.
Normal staffing requir
Discussions
Probability distributions serve as an important foundation of work in quantitative methods. This
week you will look at the role of probability distributions in quantitative methods.
Do you or your organization use quantitative methods to make
Homework Problems
Homework Problems
Week 3 Homework
Kathy Neihardt
Homework Problems
Homework Problems
26. The quarterly sales data (number of copies sold) for a college textbook over the past three
years follow.
Quarter
Year 1
Year 2
Year 3
1
2
3
4
1690
Textbook Publishing
Textbook Publishing
Week 4 Homework
Kathy Neihardt
Textbook Publishing
Textbook Publishing
ASW Publishing, Inc., a small publisher of college textbooks, must make a decision regarding
which books to publish next year. The books under c
Discussions
As a manager, you may be asked to figure out the quantity of product that must be manufactured
in order to turn a profit. Linear programming can help provide a production strategy and guide
you to recommendations on how to maximize profits.
Re
Discussions
Sensitivity reports for linear programming are a a vital tool for proper interpretation and
application. This week, we look into how this is done in more detail and how to apply to realworld situations.
Read through Case Problem 1, page 355.
I
Knowing about the steps in decision making is important for any manager. In this week's
discussion, we will look at various types of research designs and steps in the decision making
process.
Discuss the different roles played by the qualitative and quant
College Softball Recruiting
College Softball Recruiting
Case Assignment, Week 1
Kathy Neihardt
College Softball Recruiting
College Softball Recruiting
The Athletic Director and Coach of the womens softball team at a large public university
are trying to d
Running head: INDIVIDUAL WORK WEEK SIX
1
QMB 5355 - Quantitative Methods
Individual Work Week Six
Loraine J Jackson
Instructor Robert Miner
October 2, 2016
INDIVIDUAL WORK WEEK SIX
2
Four Corners
1. Without considering the random variability, extend the c
Running Header: INDIVIDUAL WORK WEEK 3
Individual Work Week 3
Quantitative Methods
QMB 5355-1
Everest University
Individual Work Week 3
1
INDIVIDUAL WORK WEEK 3
2
Complete the following problems starting on p. 230: 26 and 27.
26. The quarterly sales data
Running Head: INDIVIDUAL WORK WEEK 2
Individual Work Week 2
QMB 5355-1
Quantitative Methods
Everest University
Individual Work Week 2
1
INDIVIDUAL WORK WEEK 2
2
Complete the following problems starting on p. 139: 1, 3, 17 and 18.
1. a. Construct a decisio
Running Head: INDIVIDUAL WORK WEEK 1
Individual Work Week 1
QMB 5355-1
Quantitative Methods
Everest University
Individual Work Week 1
1
INDIVIDUAL WORK WEEK 1
2
Complete Case Problem 2, "College Softball Recruiting" on page 59.
Take the following steps to
Running Head: Quantitative Methods Individual Assignment Week 2-2
1
Quantitative Methods
Individual Assignment Week 2-2
Everest University
Quantitative Methods Individual Assignment Week 2-2
2
1. Calculate the batting average of each player for her junior