Bus 660 topic 1 decision Study guides, Class notes & Summaries

BUS 660 Topic 7 DQ 1 and DQ 2 DQ 1: Describe a waiting line situation that you regularly face in your daily life. Explain how you would improve the structure of that system by applying waiting line analysis. DQ 2: What are the economic costs of waiting lines? How might these costs be measured? What decision criteria can be used to justify expanding services to reduce waiting times?

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...