Bus 660 topic 1 dq 2 - Study guides, Class notes & Summaries

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...

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...

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 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 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...

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 6 DQ 1, DQ 2 & Participation

BUS 660 Topic 6 DQ 1, DQ 2 & Participation

BUS 660 Topic 2 DQ 1, DQ 2

BUS-660: Topic 1 DQ 2 DQ 2: Create a decision tree for the scenario you outlined in Topic 1 DQ 1. Attach the decision tree to your response and include insights into how you crafted it. How would you apply this decision-making experience to larger scale decisions at an organizational level?