993a71bba1f0172d8ccafaf8e24acd10d5c3b0c2  14:12
Chapter 9Decision Making under Uncertainty
Grapefruit farmer problem
A farmer must decide whether to take protective action to limit damage to his grapefruit crop in the
event that the overnight temperature
c274097d8d56376015b1ac72f6b37e89e99a8b8b  Sunday, October 13, 2013
V348 MIDTERM ONE FALL 2013
NAME:
SHOW YOUR WORK!
1. Which of the following is a useful tool for investigating whatif questions? (1 point)
a.
b.
c.
d.
Data tables
VLOOKUP function
Formula
V 348 Management Science
Homework 1: Break Even Analysis and Decision Analysis (50 points)
Instructions:
1) Please type all results. Use Excel, Microsoft Word and TreePlan for showing your results of wrk
2) Please be specific in your computations by using
Maximization Problem1
1. The Crumb and Custard Bakery makes coffee cakes and Danish pastries in large pans. The main
ingredients are flour and sugar. There are 25 pounds of flour and 16 pounds of sugar available and the
demand for coffee cakes is 5. Five
31e9121d903117f16066e8f7e48b56f560057205  Friday, October 10, 2014
MIDTERM ONE FALL 2014
(Questions and Answers)
NAME:
SHOW YOUR WORK!
TB%
1.
+

SM&DA: Test Bank
Organize the concepts true positive, sensitivity, true negative, true positive, specificit
V 348 Management Science Summer I
Study Guide for Exam 1
Instructor: Aleksey Kolpakov
PART 1 Topics to be covered by Multiple Choice Test
1. Introduction to Management Science
Definition of Management Science
Steps in the Management Science process
Model
Distribution issue class weight auto
Rfm look into (industry approach)
Clustering analysis for donor profile
Rfm python package web search analysis
Create a system that automatically collects tweets realtime
Get a developer to design twitter analytics
Api
The FAA has granted a license to a new airline, Omniair, and awarded it several routes
between Los Angeles and Chicago. The flights per day for each route are shown in the
following network:
.:.
Determine the maximum number of flights the airline can sche
Lawns Unlimited is a lawn care and maintenance company. One of its services is to seed
new lawns as well as bare or damaged areas in established lawns. The company uses
three basic grass seed mixes it calls Home 1, Home 2, and Commercial 3. It uses three
Irwin Textile Mills produces two types of cotton clothdenim and corduroy. Corduroy is
a heavier grade of cotton cloth and, as such, requires 7.5 pounds of raw cotton per yard,
whereas denim requires 5 pounds of raw cotton per yard. A yard of corduroy requ
Solve the model formulated in Problem 13 for Irwin Textile Mills graphically.
a. How much extra cotton and processing time are left over at the optimal solution? Is the
demand for corduroy met?
b. What is the effect on the optimal solution if the profit p
PRODUCT MIX PROBLEM: Lakeside Boatworks1
Lakeside Boatworks is planning to manufacture three types of molded fiberglass recreational boats
a fishing (bass) boat, a ski boat, and a small speedboat. The estimated selling price and variable
cost for each typ
Decision without Probabilities Problem
A local real estate investor in Orlando is considering three alternative investments: a motel,
restaurant, or a theater. Profits from the motel or restaurant will be affected by the availability of
gasoline and the n
b54655dd607664e5eb2fbaa935ed54d1d18edf2f  Sunday, November 09, 2014
MIDTERM TWO FALL 2014
(Questions and Answers)
NAME:
SHOW YOUR WORK TO RECEIVE FULL CREDIT!
Proble
m
1
2
3
4
5
6
7
8
9
10
Total
Title
Maximax
Maximin
Minimax regret
EMV
Expected Regret
EV
Jason Isaacson
Carson Kane
Brandon Corning
7. Optimal product mix that will maximize profit is 4 units of product A and 3 units of product B
with a profit of $57. Standard form: 12X1+4X260<=0 and 4X1+8X240<=0.
Sensitivity ranges for the upper limit is 3
V 348 Management Science
Homework 3: Linear Programming: Modeling Examples (90 points)
Instructions:
1) Please use Excel and Word Document for this assignment
2) Please name of your groupmates on the paper and electronic version of the homework
3) Please
Jason Isaacson
Homework 1: Break Even Analysis and Decision Analysis
1.
a. The college needs to enroll 58.33 students to break even.
b. If the college enrolls 75 students then it will profit $100,000.
c. Look in excel document
d. The college should consid
V 348 Management Science
Homework 2: Linear Programming: Basics (80 points)
Instructions:
1) Please do this homework by hand and make sure your graphs show the precise solutions to the
problem on the axis.
2) Squared paper is recommended for Part A of thi
V 348 Management Science
Solutions to Homework 1: Break Even Analysis and Decision Analysis
Solution to problem 1
a) c f = $350,000
c v = $12,000
p = $18,000
a) v= c f /(p c v )=350,000/18,000  12,000= 58.33 or 59 students
b) Z = (75)(18,000)  350,000
Decision Tree: Hackers Computer Store Problem
The owner of Hackers Computer Store is considering what to do with his business over the next five years. Sales growth
over the past couple of years has been good, but sales could grow substantially if a major
Betty Malloy, owner of the Eagle Tavern in Pittsburgh, is preparing for Super Bowl
Sunday, and she must determine how much beer to stock. Betty stocks three brands of
beerYodel, Shotz, and Rainwater. The cost per gallon (to the tavern owner) of each
brand