Bus660 topic 1 dq 1 dq 2 Study guides, Class notes & Summaries

DQ 1: Discuss the strategic importance of forecasting at your organization (or in one with which you are familiar). Provide two examples of ways that forecasting could improve organizational processes or strategic decisions. Support your rationale with evidence from the readings or external research.

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: 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?

BUS 660Topic 2 DQ 1 & DQ 2 DQ 1: Discuss the strategic importance of forecasting at your organization (or in one with which you are familiar). Provide two examples of ways that forecasting could improve organizational processes or strategic decisions. Support your rationale with evidence from the readings or external research. DQ 2: Explain how error measures can help to optimize moving averages, weighted moving averages, and exponential smoothing methods.

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 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...

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 1 DQ 1 & DQ 2 DQ 1: Apply a business decision model to something you do every day, such as selecting an outfit, ordering lunch, or determining your exercise routine. Be creative in your approach. How did you select the model? Include rationale with support from the readings. 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 ex...

Topic 4 DQ 1 and DQ 2 BUS 600 DQ 1: Describe workforce scheduling, blending, and logistics problems facing your current organization or industry. What is being optimized in each of your examples and why? Which linear optimization techniques could be applied to the examples you identified? Support your response with rationale from the readings. DQ 2:Discuss how your organization could use an operations management linear programming application to solve a problem or improve a business process.

Topic 7 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. Topic 7 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?