Teaching Suggestion 14.1: There Are Many Kinds of Simulations.
This chapter teaches the concepts of Monte Carlo simulation, but it also notes that there are
many physical kinds of simulation models as we
Decision Theory and the Normal Distribution
Teaching Suggestion M3.1: Reviewing the Normal Curve.
Most of the material in this supplement requires the use of the normal curve. A review of the
basic principles of the normal cu
Mathematical Tools: Determinants and Matrices
Teaching Suggestion M5.1: Why Discuss Matrices and Determinants?
These mathematical tools are needed in Markov analysis to compute absorbing states. In a more
advanced treatment o
Calculus Based Optimization
Teaching Suggestion M6.1: Why Discuss Calculus?
Many of the quantitative models are derived with the help of calculus. The economic order
quantity (EOQ) model is one example. Nonlinear programming
Teaching Suggestion M4.1: Game Theory and Conflict.
This module covers zero-sum, two-person games. Conflict is a part of our world. Students can
be asked to discuss the use of conflict analysis and game theory in
Teaching Suggestion M2.1: Overall Use of Dynamic Programming.
Dynamic programming is a general approach that can be used to solve a number of different
problems. The overall approach of breaking a larger p
Linear Programming: The Simplex Method
Teaching Suggestion M7.1: Meaning of Slack Variables.
Slack variables have an important physical interpretation and represent a valuable commodity,
such as unused labor, machine time, mo
Analytic Hierarchy Process
Teaching Suggestion M1.1: Using Multifactor Decision-Making Techniques.
Many decisions students make involve a number of factors. Thus, multifactor decision-making
techniques can be useful and pract
Linear Programming Applications
Teaching Suggestion 8.1: Importance of Formulating Large LP Problems.
Since computers are used to solve virtually all business LP problems, the most important thing
a student can do is to get
Narrative: The fundamental aspect of our existence; how we make meaning;
foundational aspect of human existence
Chronological structure; moves us through time; situates us in time (structure) and
Even science can be a narrativ
CMST 2060FINAL EXAM NOTES
1. Visual Aides
a. Only 50% of what you said audience remembers
b. Helps audience remember and understand
c. Enhances your speech
d. Improve your credibility as a speaker
e. Helps with delivery
f. Adds variety of interest to your
Introduction to Quantitative Analysis
Teaching Suggestion 1.1: Importance of Qualitative Factors.
Section 1.2 gives students an overview of quantitative analysis. In this section, a number of
qualitative factors, including f
Teaching Suggestion 4.1: Which Is the Independent Variable?
We find that students are often confused about which variable is independent and which is
dependent in a regression model. For example, in Triple
Teaching Suggestion 5.1: Wide Use of Forecasting.
Forecasting is one of the most important tools a student can master because every firm needs to
conduct forecasts. Its useful to motivate students with the idea t
Probability Concepts and Applications
Teaching Suggestion 2.1: Concept of Probabilities Ranging From 0 to 1.
People often misuse probabilities by such statements as, Im 110% sure were going to win the
big game. The two basic
Inventory Control Models
Teaching Suggestion 6.1: Importance of Inventory Control.
Inventory control is important to most organizations. This chapter on inventory control can be
introduced to students by a discussion of the
Integer Programming, Goal Programming, and
Teaching Suggestion 10.1: Topics in This Chapter.
The overall purpose of this chapter is to provide a framework for the topics of integer programming, nonline
Waiting Lines and Queuing Theory Models
Teaching Suggestion 13.1: Topic of Queuing.
Here is a chapter that all students can relate to. Ask about student experiences in lines. Stress
that queues are a part of our everyday li
Statistical Quality Control
Teaching Suggestion 16.1: Japans change in status since WWII.
Remind students that Japan began a few decades ago with perhaps the worlds worst quality
and that Made in Japan was synonymous with s
Teaching Suggestion 15.1: Use of Matrix Algebra.
Markov analysis requires the use of matrix algebra, primarily matrix multiplication. You may
want to have students review basic concepts in matrix algebra bef
-the movement of free water molecules away from a wet surface into