100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MSIS 3223 Final Exam - Online Nord Okstate with Correct Solutions $11.49   Add to cart

Exam (elaborations)

MSIS 3223 Final Exam - Online Nord Okstate with Correct Solutions

 3 views  0 purchase
  • Course
  • MSIS 3223
  • Institution
  • MSIS 3223

MSIS 3223 Final Exam - Online Nord Okstate with Correct SolutionsMSIS 3223 Final Exam - Online Nord Okstate with Correct SolutionsMSIS 3223 Final Exam - Online Nord Okstate with Correct SolutionsMSIS 3223 Final Exam - Online Nord Okstate with Correct Solutions Variable Cost - ANSWER-Unit Variable ...

[Show more]

Preview 1 out of 4  pages

  • October 29, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223
  • MSIS 3223
avatar-seller
NursingTutor1
MSIS 3223 Final Exam - Online Nord
Okstate with Correct Solutions
Variable Cost - ANSWER-Unit Variable Cost * Quantity Produced

Total Cost - ANSWER-Fixed Cost + (Variable Cost * Quantity Produced

Quantity produced is based on... - ANSWER-prediction of demand

Profit = - ANSWER-Revenue - Variable Costs - Fixed Costs

One-Way Data Tables - ANSWER-Can be used to evaluate multiple outputs (i.e. profit
and revenue)

Two-Way Data Tables - ANSWER-Can be used to evaluate ONLY ONE output variable.
To evaluate multiple, you will need to make multiple of these data tables.

Predictive models - ANSWER--focus on understanding the future
-involve multiple time periods
-incorporate uncertainty element

Sales levels - ANSWER-often used to plan inventory levels (predictive decision models)

Optimization Models - ANSWER-have been used extensively in operations and supply
chains, finance, marketing, and other disciplines

Has 3 elements:
1. decision variables
2. objective to maximize or minimize
3. constraints

Limitations Constraint - ANSWER-involve the allocation of scarce resources
(limited resources)

Requirements Constraint - ANSWER-Involve the specification of minimum levels of
performance
(Minimum Requirements)

Proportional Relationships Constraint - ANSWER-often found in problems involving
mixtures or blends of materials or strategies
(proportion of a mixture)

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67096 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart