Bus 660 Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Bus 660? On this page you'll find 266 study documents about Bus 660.
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BUS 660 Topic 3 Introduction to Linear Programming - Homework
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BUS 660 Topic 3 Introduction to Linear Programming - Homework
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BUS 660 Topic 5 Linear Programming Distribution and Network Models - Homework
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BUS 660 Topic 5 Linear Programming Distribution and Network Models - Homework
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BUS 660 Topic 7 Waiting Line Models - Homework
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BUS 660 Topic 7 Waiting Line Models - Homework
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BUS 660 Topic 1 Decision Analysis - Homework
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Problem4-25: TheGormanManufacturingCompanymustdecidewhethertomanufactureacomponentpartatitsMilan, Michigan, plant or purchase the component part from a supplier. The resulting profit isdependentuponthedemandfortheproduct.Thefollowingpayofftableshowstheprojectedprofit(inthousandsofdollars): 
Thestate-of-natureprobabilitiesareP(s1)=0.35,P(s2)=0.35,andP(s3)=0.30. 
a.	Useadecisiontreetorecommendadecision. 
b.	UseEVPItodeterminewhetherGormanshouldattempttoobtainabetterestimateofdemand. 
c.	A test mar...
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BUS 660 Topic 6 Integer Linear Programming and Advanced Optimization Applications - Homework (v2).docx
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BUS 660 Topic 6 Integer Linear Programming and Advanced Optimization Applications - Homework (v2).docx
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BUS 660 Topic 7 Waiting Line Models - Homework Grand Canyon
- Exam (elaborations) • 19 pages • 2023
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BUS 660 Topic 7 Waiting Line Models - Homework Grand Canyon
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BUS 660 Topic 6 DQ 1, DQ 2
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Bus 660 Topic 6 DQ 1 and DQ 2 
DQ 1: Create a simple 0, 1 integer model for a situation or problem you face in your life. Is there an optimal solution for your problem? What type of model would you use to create an optimal solution? Explain. 
DQ 2: Think about your own retirement investment portfolio or find an example of one online. Discuss how you might use a model to create the optimum portfolio allocation for your risk level.
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BUS 660 Topic 4 Midterm Exam (Spring Session)
- Exam (elaborations) • 16 pages • 2023
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1.	Question:A posterior probability associated with sample information is of the form 
2.	Question:When production volume exceeds the breakeven point, we can expected 
3.	Question:Which of the following exponential smoothing constant values puts the same weight on the most recent time series value as does a 5-period miming average? 
4.	Question:The decision variables of a model are also known as the 
5.	Question:An experiment consists of tossing 4 coins successively. The number of sample poi...
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BUS 660 Topic 3 DQ 1, DQ 2
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BUS 660 - Topic 3 DQ 1 & DQ 2 
DQ 1: Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models? Support your rationale with evidence from readings or external research. 
DQ 2: Find a current example of a linear optimization model used in your industry. Describe the industry’s needs, including any unique factors, how the linear optimization model was used, and the problem or challenge it addre...
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BUS 660 Topic 7 Waiting Line Models - Homework
- Other • 19 pages • 2023
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BUS 660 Topic 7 Waiting Line Models - Homework
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