Instant download Test Bank for Managerial Decision Modeling with Spreadsheets 3rd Edition by Balakrishnan pdf docx epub after payment.
Product details:
- ISBN-10 ‏ : ‎ 0136115837
- ISBN-13 ‏ : ‎ 978-0136115830
- Author: Nagraj Balakrishnan; Barry Render; Jr. Ralph M. Stair
Balakrishnan offers the perfect balance of the decision modeling process and the use of spreadsheets to set up and solve decision models. The third edition has been updated to reflect the latest version of Excel.
Table of contents:
- Chapter 1 Introduction to Managerial Decision Modeling
- Learning Objectives
- Chapter Outline
- 1.1 What is Decision Modeling?
- 1.2 Types of Decision Models
- Deterministic Models
- Probabilistic Models
- Quantitative versus Qualitative Data
- Using Spreadsheets in Decision Modeling
- 1.3 Steps Involved in Decision Modeling
- Step 1: Formulation
- Defining the Problem
- Developing a Model
- Acquiring Input Data
- Step 2: Solution
- Developing a Solution
- Testing the Solution
- Step 3: Interpretation and Sensitivity Analysis
- Analyzing the Results and Sensitivity Analysis
- Implementing the Results
- 1.4 Spreadsheet Example of a Decision Model: Tax Computation
- Excel Notes
- 1.5 Spreadsheet Example of a Decision Model: Break-Even Analysis
- Using Goal Seek to Find the Break-Even Point
- 1.6 Possible Problems in Developing Decision Models
- Defining the Problem
- Conflicting Viewpoints
- Impact on Other Departments
- Beginning Assumptions
- Solution Outdated
- Developing a Model
- Fitting the TEXTBOOK MODELS
- Understanding a Model
- Acquiring Input Data
- Using Accounting Data
- Validity of Data
- Developing a Solution
- Hard-to-Understand Mathematics
- The Limitation of Only One Answer
- Testing the Solution
- Analyzing the Results
- 1.7 Implementation—Not Just the Final Step
- Summary
- Glossary
- Discussion Questions and Problems
- Discussion Questions
- Problems
- Chapter 2 Linear Programming Models: Graphical and Computer Methods
- Learning Objectives
- Chapter Outline
- 2.1 Introduction
- 2.2 Developing a Linear Programming Model
- Formulation
- Solution
- Interpretation and Sensitivity Analysis
- Properties of a Linear Programming Model
- Basic Assumptions of a Linear Programming Model
- 2.3 Formulating a Linear Programming Problem
- Linear Programming Example: Flair Furniture Company
- Decision Variables
- The Objective Function
- Constraints
- Nonnegativity Constraints and Integer Values
- Guidelines to Developing a Correct LP Model
- 2.4 Graphical Solution of a Linear Programming Problem with Two Variables
- Graphical Representation of Constraints
- Carpentry Time Constraint
- Painting Time Constraint
- Production Constraint for Chairs
- Production Constraint for Tables
- Feasible Region
- Identifying an Optimal Solution by Using Level Lines
- Drawing Level Lines
- Corner Point Property
- Calculating the Solution at an Optimal Corner Point
- Identifying an Optimal Solution by Using All Corner Points
- Comments on Flair Furniture’s Optimal Solution
- Extension to Flair Furniture’s LP Model
- 2.5 A Minimization Linear Programming Problem
- Holiday Meal Turkey Ranch
- Graphical Solution of the Holiday Meal Turkey Ranch Problem
- 2.6 Special Situations in Solving Linear Programming Problems
- Redundant Constraints
- Infeasibility
- Alternate Optimal Solutions
- Unbounded Solution
- 2.7 Setting Up and Solving Linear Programming Problems Using Excel’s Solver
- Using Solver to Solve the Flair Furniture Problem
- Excel Note
- Changing Variable Cells
- Excel Notes
- The Objective Cell
- Excel Note
- Constraints
- Creating Cells for Constraint LHS Values
- Excel Note
- Creating Cells for Constraint RHS Values
- Constraint Type
- Nonnegativity Constraints
- Entering Information in Solver
- Specifying the Objective Cell
- Specifying the Changing Variable Cells
- Specifying the Constraints
- Specifying the Nonnegativity Constraints
- Solving Method
- Solver Options
- Solving the Model
- Answer Report
- Using Solver to Solve Flair Furniture Company’s Modified Problem
- Using Solver to Solve the Holiday Meal Turkey Ranch Problem
- 2.8 Algorithmic Solution Procedures for Linear Programming Problems
- Simplex Method
- Karmarkar’s Algorithm
- Summary
- Glossary
- Solved Problems
- Solved Problem 2-1
- Solution
- Solved Problem 2-2
- Solution
- Discussion Questions and Problems
- Discussion Questions
- Problems
- Case Study Mexicana Wire Winding, Inc.
- Discussion Questions
- Case Study
- Golding Landscaping and Plants, Inc.
- Discussion Questions
- Internet Case Studies
- Chapter 3 Linear Programming Modeling Applications with Computer Analyses in Excel
- Learning Objectives
- Chapter Outline
- 3.1 Introduction
- Excel Notes
- 3.2 Manufacturing Applications
- Product Mix Problem
- Formulating the Problem
- Solving the Problem
- Interpreting the Results
- Make–Buy Decision Problem
- Formulating the Problem
- Solving the Problem
- Interpreting the Results
- 3.3 Marketing Applications
- Media Selection Problem
- Formulating and Solving the Problem
- Interpreting the Results
- Marketing Research Problem
- Formulating the Problem
- Solving the Problem
- Interpreting the Results
- 3.4 Finance Applications
- Portfolio Selection Problem
- Formulating the Problem
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