ASSIGNMENT-2
STAT201-QUANTITATIVE METHODS
Student Full Name: Badr Hanbazaza.
Student ID:S120009260
CRN No:
Section-I
State whether the following statements are True or False.
1.
(5X1=5 Marks)
In
regression
equations
represented by Y = 2 + 3X, if value X =
Assignment 1
S120009260
Badr Essam Hanbazaza
State whether the following statements are True or False.
1- One of the possible problem in the quantitative analysis is that problems
may not be easily identified
( T )
2- A risk avoider gets more utility from
Assignment -3rd
Badr Essam Hanbazaza
S120009260
State whether the following statements are True or False.
1- The transshipment problem may be modeled as network flow problem.
(T)
2- We get the optimum solution by North West Corner rule.
(F)
3- Hungarian m
Assignment -3rd
State whether the following statements are True or False.
1- The transshipment problem may be modeled as network flow problem.
( T )
2- We get the optimum solution by North West Corner rule.
(F)
3- Hungarian method of assignment problem pr
Introduction
In Weeks 2 and 3 you will focus on the decision making process in more detail, specifically as
it relates to decision tree analysis. You will apply the statistical tools learned in prerequisite
courses. In addition, forecasting and regression
Introduction
In Week 4 you will focus on the regression model and regression analysis as decisionmaking tools.
Regression analysis is a very valuable tool for todays manager. Regression has been used
to model such things as the relationship between level
STAT 201
Week 2
Decision Making
Decision Theory
Decision Theory is
analytic and systematic approach to the
study of decision making (page 313)
How do you make a good decision?
Steps to Decision-making
Step 1. Define the problem
Step 2. List all possible d
ASSIGNMENT-1
QUANTITATIVE METHODS
(STAT-201)
Student Full Name:
Student ID:
CRN No.:
Note:
1. All the questions are compulsory.
2. Due date: Oct. 21, 2016 until 11:59 P.M.
3. Points:
Section-I
16=6
Section-II
16=6
Section-III
63=18
Total
30
Section-I
Stat
Assignment -3rd
State whether the following statements are True or False.
1- The transshipment problem may be modeled as network flow problem.
( True
)
2- We get the optimum solution by North West Corner rule.
( False )
3- Hungarian method of assignment p
Quantitative Analysis for Management, 11e (Render)
Chapter 7 Linear Programming Models: Graphical and Computer
Methods
2) In the term linear programming, the word programming comes from the phrase "computer
programming."
Answer: FALSE
3) One of the assump
Quantitative Analysis for Management, 11e (Render)
Chapter 8 Linear Programming Applications
1) In a production scheduling problem, the inventory at the end of this month is set equal to the
inventory at the end of last month + last month's production sal
Quantitative Analysis for Management, 11e (Render)
Chapter 14 Simulation Modeling
2) Simulation models are designed to generate optimal solutions, which can then be applied to
real-world situations.
Answer: FALSE
4) Despite the power of simulation, less t
Quantitative Analysis for Management, 11e (Render)
Chapter 12 Project Management
2) PERT is a deterministic analysis tool allowing for precise times of activities within a project.
Answer: FALSE
4) CPM is a probabilistic analysis of managing a project.
An
Quantitative Analysis for Management, 11e (Render)
Chapter 9 Transportation and Assignment Models
5) In a transportation problem, each destination must be supplied by one and only one source.
Answer: FALSE
8) In using the stepping-stone method, the path c
Quantitative Analysis for Management, 11e (Render)
Chapter 3 Decision Analysis
1) Expected monetary value (EMV) is the average or expected monetary outcome of a decision if it
can be repeated a large number of times.
Answer: TRUE
2) Expected monetary valu
Quantitative Analysis for Management, 11e (Render)
Chapter 6 Inventory Control Models
4) Service level is the chance, measured in percent, that there will be a stockout.
Answer: FALSE
9) Economic order quantity (EOQ) analysis has recently become practical
Quantitative Analysis for Management, 11e (Render)
Chapter 1 Introduction to Quantitative Analysis
1) Interviews, statistical sampling, and company reports provide input data for quantitative
analysis models.
Answer: TRUE
2) In the early 1900s, Henry Ford