Managerial Decision Modeling with Spreadsheets and Student CD Package

by Balakrishnan, Nagraj; Render, Barry; Stair, Ralph M.

• ISBN13: 9780132268066
• ISBN10: 013226806X
• Edition: 2nd
• Format: Hardcover w/CD
• Copyright: 2007-01-01
• Publisher: Pearson College Div

Summary

Filling a void for a balanced approach to spreadsheet based decision modeling, this volume builds on the traditions and strengths of Render and Stair'sQuantitative Methods for Management,a recognized and proven leader in teaching decision modeling. In addition to using spreadsheets as a tool to quickly set up and solve decision models, the authors teach how and why the methods work and combine the user's power to logically model and analyze diverse decision-making scenarios with software-based solutions. The book discusses the fundamental concepts, assumptions and limitations behind each decision modeling technique, shows how each decision model works and illustrates the real-world usefulness of each technique with many applications from both profit and nonprofit organizations. The authors provide an introduction to managerial decision modeling, linear programming models, modeling applications and sensitivity analysis, transportation, assignment, and network models, integer, goal, and nonlinear programming models, project management, decision theory, queuing models, simulation modeling, forecasting models and inventory control models. For anyone looking for a balanced approach to spreadsheet based decision modeling.

Table of Contents

Introduction to Managerial Decision Modeling

Linear Programming Models: Graphical and Computer Methods

Linear Programming Modeling Applications with Computer Analyses in Excel

Linear Programming Sensitivity Analysis

Transportation, Assignment, and Network Models

Integer, Goal, and Nonlinear Programming Models

Project Management

Decision Analysis

Queuing Models

Simulation Modeling

Forecasting Models

Inventory Control Models

Probability Concepts and Applications

Useful Excel Commands and Procedures for Installing Excel Modules

Areas Under the Standard Normal Curve

Brief Solutions to All Odd-Numbered End-of-Chapter Problems

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