Bus660 topic - Study guides, Class notes & Summaries

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...

Problem 9-07 (Algorithmic) As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Assume that interest is paid annually. The plan will be submitted to the judge and, if approved, Hoxworth will be required to pay a trustee the amount that will be required to fund the plan. a. Use linear programming to find the minimum cash settlement necessary to fund the annual payments. b. Note:...

BUS 660 Topic 6 Integer Linear Programming and Advanced Optimization Applications - Homework (v2).docx

1. Question:Acompanymakestwoproductsfromsteel; onerequires 2tonsofsteelandtheotherrequires3tons.Thereare100tonsofsteelavailabledaily.Aconstraintondaily production could bewrittenas:2x1+3x2≤100. 2. Question:Letx1,x2,andx3be0-1variableswhosevaluesindicatewhethertheprojectsarenotdone(0)oraredone(1).Whichanswerbelowindicatesthatatleasttwooftheprojectsmust bedone? 3. Question:The constraintx1 +x2+x3 +x4 ≤2 meansthattwooutofthefirstfourprojectsmust be selected. 4. Question:Eachpointontheefficie...

BUS 660 Topic 7 Assignment; Benchmark - Data Analysis Case Study (Managerial Report)

Bus 660 Topic 8 DQ 1 & DQ 2 DQ 1: Describe a current problem facing your department, organization, or industry that would indicate the need for a simulation model. How best would this problem be solved by simulation versus the other modeling techniques covered in the course? Support your response with rationale from the readings. DQ 2: Consider some of the examples you have brought up in earlier discussion forums about applying models to real-world problems. Choose one of the models covered ea...

DQ#1 Prompt: Create a simple 0, 1 integer model for a situation or problem you face in your life. Is there anoptimalsolutionforyourproblem?Whattypeofmodelwouldyouusetocreateanoptimalsolution?Explain. DQ#2 Prompt:Thinkaboutyourownretirementinvestmentportfolioorfindanexampleofoneonline.Discusshowyoumightuseamodeltocreatetheoptimumportfolioallocationforyourrisklevel.

BUS 660 Topic 3 Introduction to Linear Programming - Homework

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.

BUS 660 Topic 6 Integer Linear Programming and Advanced Optimization Applications - Homework (v1).docx