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This is completed downloadable of Introduction to Management Science 12th Edition Taylor Test Bank

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ISBN-13: 978-1292092911

Author: III Taylor, Bernard W

Using simple, straightforward examples to present complex mathematical concepts,Introduction to Management Science gives students a strong foundation in how to logically approach decision-making problems. Sample problems are used liberally throughout the text to facilitate the learning process and demonstrate different quantitative techniques.Management Sciencepresents modeling techniques that are used extensively in the business world and provides a useful framework for problem-solving that students can apply in the workplace.

The Twelfth Edition focuses on the latest technological advances used by businesses and organizations for solving problems and leverages the latest versions of Excel 2013, Excel QM, TreePlan, Crystal Ball, Microsoft Project 2010, and QM for Windows.

Table of Content:

Chapter 1 Management Science
The Management Science Approach to Problem Solving
Observation
Definition of the Problem
Model Construction
Model Solution
Implementation
Management Science and Business Analytics
Model Building: Break-Even Analysis
Components of Break-Even Analysis
Computing the Break-Even Point
Graphical Solution
Sensitivity Analysis
Computer Solution
Excel Spreadsheets
The Excel QM Macro for Spreadsheets
QM for Windows
Management Science Modeling Techniques
Linear Mathematical Programming Techniques
Probabilistic Techniques
Network Techniques
Other Techniques
Business Usage of Management Science Techniques
Management Science Models in Decision Support Systems
Summary
Problems
Case Problem The Clean Clothes Corner Laundry
Case Problem The Ocobee River Rafting Company
Case Problem Constructing a Downtown Parking Lot in Draper
Case Problem A Bus Service For Draper
Chapter 2 Linear Programming: Model Formulation and Graphical Solution
Model Formulation
A Maximization Model Example
Decision Variables
The Objective Function
Model Constraints
Graphical Solutions of Linear Programming Models
Graphical Solution of a Maximization Model
The Optimal Solution Point
The Solution Values
Slack Variables
Summary of the Graphical Solution Steps
A Minimization Model Example
Summary of LP Model Formulation Steps
Decision Variables
The Objective Function
Model Constraints
Graphical Solution of a Minimization Model
Surplus Variables
Irregular Types of Linear Programming Problems
Multiple Optimal Solutions
An Infeasible Problem
An Unbounded Problem
Characteristics of Linear Programming Problems
Properties of Linear Programming Models
Summary
Example Problem Solutions
Problem Statement
Solution
Problem Statement
Solution
Problems
Case Problem Metropolitan Police Patrol
Case Problem “The Possibility” Restaurant
Case Problem Annabelle Invests in the Market
Chapter 3 Linear Programming: Computer Solution and Sensitivity Analysis
Computer Solution
Excel Spreadsheets
QM for Windows
Sensitivity Analysis
Changes in Objective Function Coefficients
Objective Function Coefficient Ranges with the Computer
Changes in Constraint Quantity Values
Constraint Quantity Value Ranges with Excel and QM for Windows
Other Forms of Sensitivity Analysis
Shadow Prices
Summary
Example Problem Solutions
Problem Statement
Solution
Problems
Case Problem Mossaic Tiles, Ltd.
Case Problem “The Possibility” Restaurant—Continued
Case Problem Julia’s Food Booth
Chapter 4 Linear Programming: Modeling Examples
A Product Mix Example
Summary of Linear Programming Model Formulation Steps
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Computer Solution with QM for Windows
Solution Analysis
Sensitivity Analysis
A Diet Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
Sensitivity Analysis
An Investment Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
Sensitivity Analysis
A Marketing Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
A Transportation Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
A Blend Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
Sensitivity Analysis
A Multiperiod Scheduling Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
Sensitivity Analysis
A Data Envelopment Analysis Example
Decision Variables
The Objective Function
Model Constraints
Model Summary
Computer Solution with Excel
Solution Analysis
Summary
Example Problem Solution
Problem Statement
Solution
Problems
Case Problem Summer Sports Camp at State University
Case Problem Spring Garden Tools
Case Problem Susan Wong’s Personal Budgeting Model
Case Problem Walsh’s Juice Company
Case Problem The King’s Landing Amusement Park
Chapter 5 Integer Programming
Integer Programming Models
A Total Integer Model Example
A 0–1 Integer Model Example
A Mixed Integer Model Example
Integer Programming Graphical Solution
Computer Solution of Integer Programming Problems with Excel and QM for Windows
Solution of the 0–1 Model with Excel
Solution of the 0–1 Model with QM for Windows
Solution of the Total Integer Model with Excel
Solution of the Mixed Integer Model with Excel
Solution of the Mixed Integer Model with QM for Windows
0–1 Integer Programming Modeling Examples
A Capital Budgeting Example
A Fixed Charge and Facility Location Example
A Set Covering Example
Summary
Example Problem Solution
The Problem Statement
Solution
Problems
Case Problem PM Computer Services
Case Problem The Tennessee Pterodactyls
Case Problem New Offices at Atlantic Management Systems
Case Problem Scheduling Television Advertising Slots at the United Broadcast Network
Case Problem The Draperton Parks and Recreation Department’s Formation of Girls’ Basketball Teams
Case Problem Developing Project Teams for Management 4394
Case Problem Scheduling the Lead Balloon’s Summer Tour
Case Problem Developing Kathleen Taylor’s 401(k) Plan
Case Problem The Baseball Park Tour
Chapter 6 Transportation, Transshipment, and Assignment Problems
The Transportation Model
Computer Solution of a Transportation Problem
Computer Solution with Excel
Computer Solution with Excel QM
QM for Windows Solution
Sensitivity Analysis
The Transshipment Model
Computer Solution with Excel
The Assignment Model
Computer Solution of an Assignment Problem
Computer Solution with Excel
Computer Solution with Excel QM
Computer Solution with QM for Windows
Summary
Example Problem Solution
Problem Statement
Solution
Problems
Case Problem The Department of Management Science and Information Technology at Tech
Case Problem Stateline Shipping and Transport Company
Case Problem Burlingham Textile Company
Case Problem The Graphic Palette
Case Problem Scheduling at Hawk Systems, Inc.
Case Problem Tech’s “Give-Back” Weekend
Case Problem Global Shipping at Erken Apparel International
Case Problem WeeMow Lawn Service
Chapter 7 Network Flow Models
Network Components
The Shortest Route Problem
The Shortest Route Solution Approach
Computer Solution of the Shortest Route Problem with QM for Windows
Computer Solution of the Shortest Route Problem with Excel
The Minimal Spanning Tree Problem
The Minimal Spanning Tree Solution Approach
Computer Solution of the Minimal Spanning Tree Problem with QM for Windows
The Maximal Flow Problem
The Maximal Flow Solution Approach
Computer Solution of the Maximal Flow Problem with QM for Windows
Computer Solution of the Maximal Flow Problem with Excel
Summary
Example Problem Solution
Problem Statement
Solution
Problems
Case Problem The Pearlsburg Rescue Squad
Case Problem Around the World in 80 Days
Case Problem The Battle of the Bulge
Case Problem Nuclear Waste Disposal at PAWV Power and Light
Case Problem A Day in Paris
Case Problem Suntrek Global Container Network Flow
Chapter 8 Project Management
The Elements of Project Management
Project Planning
Project Return
The Project Team
Scope Statement
Work Breakdown Structure
Responsibility Assignment Matrix
Project Scheduling
The Gantt Chart
Project Control
Project Risk
CPM/PERT
AOA Networks
AON Networks
The Critical Path
Activity Scheduling
Activity Slack
Probabilistic Activity Times
Probabilistic Time Estimates
Probability Analysis of the Project Network
CPM/PERT Analysis with QM for Windows and Excel QM
Microsoft Project
Project Crashing and Time–Cost Trade-Off
Project Crashing with QM for Windows
The General Relationship of Time and Cost
Formulating the CPM/PERT Network as a Linear Programming Model
Solution of the CPM/PERT Linear Programming Model with Excel
Project Crashing with Linear Programming
Project Crashing with Excel
Summary
Example Problem Solution
Problem Statement
Problems
Case Problem The Bloodless Coup Concert
Case Problem Moore Housing Contractors
Chapter 9 Multicriteria Decision Making
Goal Programming
Model Formulation
Labor Goal
Profit Goal
Material Goal
Alternative Forms of Goal Constraints
Graphical Interpretation of Goal Programming
Computer Solution of Goal Programming Problems with QM for Windows and Excel
QM for Windows
Excel Spreadsheets
The Analytical Hierarchy Process
Pairwise Comparisons
Developing Preferences Within Criteria
Ranking the Criteria
Developing an Overall Ranking
AHP Consistency
AHP with Excel Spreadsheets
Scoring Models
Scoring Model with Excel Solution
Summary
Example Problem Solutions
Problem Statement
Solution
Problem Statement
Solution
Problems
Case Problem Oakdale County School Busing
Case Problem Catawba Valley Highway Patrol
Case Problem Katherine Miller’s Job Selection
Case Problem Selecting National Baseball Hall of Fame Members
Case Problem Suntrek’s Global Denim Jeans Factory and Distribution Center
Chapter 10 Nonlinear Programming
Nonlinear Profit Analysis
Constrained Optimization
Solution of Nonlinear Programming Problems with Excel
A Nonlinear Programming Model with Multiple Constraints
Nonlinear Model Examples
Facility Location
Investment Portfolio Selection
Summary
Example Problem Solution
Problem Statement
Solution
Problems
Case Problem Admissions at State University
Case Problem Selecting a European Distribution Center Site for American International Automotive Industries
Chapter 11 Probability and Statistics
Types of Probability
Objective Probability
Subjective Probability
Fundamentals of Probability
Statistical Independence and Dependence
Independent Events
Probability Trees
The Binomial Distribution
Dependent Events
Bayesian Analysis
Expected Value
The Normal Distribution
Sample Mean and Variance
The Chi-Square Test for Normality
Statistical Analysis with Excel
Summary
Example Problem Solution
Problem Statement
Solution
Problems
Case Problem Valley Swim Club
Chapter 12 Decision Analysis
Components of Decision Making
Decision Making Without Probabilities
Decision-Making Criteria
The Maximax Criterion
The Maximin Criterion
The Minimax Regret Criterion
The Hurwicz Criterion
The Equal Likelihood Criterion
Summary of Criteria Results
Solution of Decision-Making Problems Without Probabilities with QM for Windows
Solution of Decision-Making Problems Without Probabilities with Excel
Decision Making with Probabilities
Expected Value
Expected Opportunity Loss
Solution of Expected Value Problems with QM for Windows
Solution of Expected Value Problems with Excel and Excel QM
Expected Value of Perfect Information
Decision Trees
Decision Trees with Excel QM
Decision Trees with Excel and TreePlan (http://www.treeplan.com)
Sequential Decision Trees
Sequential Decision Tree Analysis with Excel QM
Sequential Decision Tree Analysis with Excel and TreePlan
Decision Analysis with Additional Information
Decision Trees with Posterior Probabilities
Computing Posterior Probabilities with Tables
Computing Posterior Probabilities with Excel
The Expected Value of Sample Information
Utility
Summary
Example Problem Solutions
Problem Statement
Solution
Problems
Case Problem Steeley Associates versus Concord Falls
Case Problem Transformer Replacement at Mountain States Electric Service
Case Problem The Carolina Cougars
Case Problem Evaluating R&D Projects at WestCom Systems Products Company
Chapter 13 Queuing Analysis
Elements of Waiting Line Analysis
The Single-Server Waiting Line System
The Queue Discipline
The Calling Population
The Arrival Rate
The Service Rate
The Single-Server Model
The Effect of Operating Characteristics on Managerial Decisions
Alternative I: The Addition of an Employee
Alternative II: The Addition of a New Checkout Counter
Computer Solution of the Single-Server Model with Excel and Excel QM
Computer Solution of the Single-Server Model with QM for Windows
Undefined and Constant Service Times
Computer Solution of the Constant Service Time Model with Excel
Computer Solution of the Undefined and Constant Service Time Models with QM for Windows
Finite Queue Length
Computer Solution of the Finite Queue Model with Excel
Computer Solution of the Finite Queue Model with QM for Windows
Finite Calling Population
Computer Solution of the Finite Calling Population Model with Excel and Excel QM
Computer Solution of the Finite Calling Population Model with QM for Windows
The Multiple-Server Waiting Line
Computer Solution of the Multiple-Server Model with Excel and Excel QM
Computer Solution of the Multiple-Server Model with QM for Windows
Additional Types of Queuing Systems
Summary
Example Problem Solutions
Problem Statement
Solution
Problems
Case Problem The College of Business Copy Center
Case Problem Northwoods Backpackers
Case Problem Analyzing Disaster Situations at Tech
Case Problem Forecasting Airport Passenger Arrivals—Continued
Chapter 14 Simulation
The Monte Carlo Process
The Use of Random Numbers
Computer Simulation with Excel Spreadsheets
Decision Making with Simulation
Simulation of a Queuing System
Computer Simulation of the Queuing Example with Excel
Continuous Probability Distributions
Simulation of a Machine Breakdown and Maintenance System
Computer Simulation of the Machine Breakdown Example Using Excel
Statistical Analysis of Simulation Results
Crystal Ball
Simulation of a Profit Analysis Model
Verification of the Simulation Model
Areas of Simulation Application
Queuing
Inventory Control
Production and Manufacturing
Finance
Marketing
Public Service Operations
Environmental and Resource Analysis
Summary
Example Problem Solutions
Problem Statement
Solution
Problems
Case Problem JET Copies
Case Problem Benefit–Cost Analysis of The Spradlin Bluff River Project
Case Problem Disaster Planning at Tech
Chapter 15 Forecasting
Forecasting Components
Forecasting Methods
Time Series Methods
Moving Average
Weighted Moving Average
Exponential Smoothing
Adjusted Exponential Smoothing
Linear Trend Line
Seasonal Adjustments
Forecast Accuracy
Mean Absolute Deviation
Cumulative Error
Time Series Forecasting Using Excel
Computing the Exponential Smoothing Forecast with Excel QM
Time Series Forecasting Using QM for Windows
Regression Methods
Linear Regression
Correlation
Regression Analysis with Excel
Regression Analysis with QM for Windows
Multiple Regression with Excel
Data Mining
Summary
Example Problem Solutions
Problem Statement
Solution
Problem Statement
Solution
Problems
Case Problem Forecasting at State University
Case Problem The University Bookstore Student Computer Purchase Program
Case Problem Valley Swim Club
Case Problem Forecasting Airport Passenger Arrivals
Chapter 16 Inventory Management
Elements of Inventory Management
The Role of Inventory
Demand
Inventory Costs
Inventory Control Systems
Continuous Inventory Systems
Periodic Inventory Systems
Economic Order Quantity Models
The Basic EOQ Model
Carrying Cost
Ordering Cost
Total Inventory Cost
EOQ Analysis over Time
The EOQ Model with Noninstantaneous Receipt
The EOQ Model with Shortages
EOQ Analysis with QM for Windows
EOQ Analysis with Excel and Excel QM
Quantity Discounts
Quantity Discounts with Constant Carrying Costs
Quantity Discounts with Constant Carrying Costs as a Percentage of Price
Quantity Discount Model Solution with QM for Windows
Quantity Discount Model Solution with Excel
Reorder Point
Safety Stocks
Determining Safety Stock by Using Service Levels
Reorder Point with Variable Demand
Determining the Reorder Point Using Excel
Reorder Point with Variable Lead Time
Reorder Point with Variable Demand and Lead Time
Order Quantity for a Periodic Inventory System
Order Quantity with Variable Demand
Determining the Order Quantity for the Fixed-Period Model with Excel
Summary
Example Problem Solution
Problem Statement
Solution
Problem Statement
Solution
Problems
Case Problem The Northwoods General Store
Case Problem The Texans Stadium Store
Case Problem The A-to-Z Office Supply Company
Case Problem Diamant Foods Company
Appendix A Normal and Chi-Square Tables
Appendix B Setting Up and Editing a Spreadsheet
Titles and Headings
Borders
Column Centering
Deleting and Inserting Rows and Columns
Decimal Places
Increasing or Decreasing the Spreadsheet Area
Expanding or Reducing Column and Row Widths
Inserting an Equation or a Formula into a Cell
Printing a Spreadsheet
Appendix C The Poisson and Exponential Distributions
The Poisson Distribution
The Exponential Distribution
Solutions to Selected Odd-Numbered Problems
Glossary
Index
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
Z

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Introduction to Management Science 12th Edition Taylor Test Bank

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