Instant download Solutions Manual to accompany Introduction to Management Science 4th edition pdf docx epub after payment.
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Introduction to Management Science, 4/e, offers a unique model approach and integrates the use of Excel. Through this approach students are better able to grasp the essential concepts covered in the course and see their utility. Each chapter includes a case study that is meant to show the students a real and interesting application of the topics addressed in that chapter. These cases and related applications cuts across all functional areas of business and show how management science techniques apply in the business environment.
Table Of Contents:
CHAPTER 1 INTRODUCTION
1.1 Models and Modeling
1.1.1 Why Study Modeling?
1.1.2 Models in Business
1.1.3 Models in Business Education
1.1.4 Benefits of Business Models
1.2 The Role of Spreadsheets
1.2.1 Risks of Spreadsheet Use
1.2.2 Challenges for Spreadsheet Users
1.2.3 Background Knowledge for Spreadsheet Modeling
1.3 The Real World and the Model World
1.4 Lessons from Expert and Novice Modelers
1.4.1 Expert Modelers
1.4.2 Novice Modelers
1.5 Organization of the Book
1.6 Summary
Suggested Readings
CHAPTER 2 MODELING IN A PROBLEM-SOLVING FRAMEWORK
2.1 Introduction
2.2 The Problem-Solving Process
2.2.1 Some Key Terms
2.2.2 The Six-Stage Problem-Solving Process
2.2.3 Mental Models and Formal Models
2.3 Influence Charts
2.3.1 A First Example
2.3.2 An Income Statement as an Influence Chart
2.3.3 Principles for Building Influence Charts
2.3.4 Two Additional Examples
2.4 Craft Skills for Modeling
2.4.1 Simplify the Problem
2.4.2 Break the Problem into Modules
2.4.3 Build a Prototype and Refine It
2.4.4 Sketch Graphs of Key Relationships
2.4.5 Identify Parameters and Perform Sensitivity Analysis
2.4.6 Separate the Creation of Ideas from Their Evaluation
2.4.7 Work Backward from the Desired Answer
2.4.8 Focus on Model Structure, not on Data Collection
2.5 Summary
Suggested Readings
Exercises
CHAPTER 3 SPREADSHEET ENGINEERING
3.1 Introduction
3.2 Designing a Spreadsheet
3.2.1 Sketch the Spreadsheet
3.2.2 Organize the Spreadsheet into Modules …
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