Bus660 dq 2 Study guides, Class notes & Summaries

DQ 2: Solving shortest-route problems enables a business organization to use their resources more efficiently and minimize expenditures, thereby increasing overall production and profit. Consider the business or industry in which you work. What is a process that could be improved by the application of a shortest route linear programming model? How would this model improve production, profit, and/or efficiency?

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?

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?

Topic 8 DQ 1 Describe a current problem facing your department, organization, or industry that would indicate the need fora 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. Topic 8 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 earlier in the ...

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.

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 earlier in the course and describe the key differences in solving a problem with that model versus with a simulation model. In your opinion, which is more effective? How does the problem at hand determine which type of model to use?

DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

DQ 2: Explain how error measures can help to optimize moving averages, weighted moving averages, and exponential smoothing methods.

DQ 2: Explain how error measures can help to optimize moving averages, weighted moving averages, and exponential smoothing methods.