Practical Management Science

Practical Management Science

S. Christian Albright

Language: English

Pages: 888

ISBN: 1305250907

Format: PDF / Kindle (mobi) / ePub


Geared entirely to Excel 2013, PRACTICAL MANAGEMENT SCIENCE uses an active-learning approach and realistic problems to help you take full advantage of the power of spreadsheet modeling. The text presents just the right amount of theory to ensure you understand the foundation of the topic, followed by exercises that give you practical, hands-on experience with the methodologies. Drawing examples and problems from finance, marketing, operations management, and other areas, the text illustrates how management science applies to your chosen profession--and how you can use it on the job. The authors emphasize modeling over algebraic formulations and memorization of particular models. The text includes access to Palisade DecisionTools Suite (BigPicture, @RISK, PrecisionTree, StatTools, TopRank, NeuralTools, and Evolver) as well as SolverTable, which allows you to do sensitivity analysis on optimization models.

Peter Drucker's Five Most Important Questions: Enduring Wisdom for Today's Leaders (J-B Leader to Leader Institute/Pf Drucker Foundation)

How The Mighty Fall: And Why Some Companies Never Give In

Instructor's Manual for Operations and Process Management (2nd Edition)

Foundations of Financial Management (14th Edition)

Management Challenges for the 21st Century

The Advantage: Why Organizational Health Trumps Everything Else In Business

 

 

 

 

 

 

 

 

 

 

 

Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. Due to electronic rights, some third party content may be suppressed from the eBook and/or eChapter(s). Editorial review has deemed that any suppressed content does not materially affect the overall learning experience. Cengage Learning reserves the right to remove additional content at any time if subsequent rights restrictions require it. Figure 4.26 Sensitivity Report for Blending Model A B C 6 Adjustable Cells

$550.00 $500.00 $450.00 Cherry $400.00 Oak $350.00 Cost of labor Current cost per labor hour Projected annual increase $300.00 $18.50 1.5% 0 1 2 3 4 5 6 Years from Now Projected costs Years from now 0 1 2 3 4 5 6 Cost per board-foot Cherry Oak $5.50 $4.30 $5.76 $4.45 $6.04 $4.60 $6.33 $4.75 $6.63 $4.92 $6.95 $5.08 $7.29 $5.26 Cost per hour Labor $18.50 $18.78 $19.06 $19.35 $19.64 $19.93 $20.23 Cost per bookshelf Cherry Oak $461.00 $425.00 $473.36 $433.83 $486.17 $442.87 $499.44

clutter. To enter a comment in a cell, right-click on the cell, select the Insert Comment item, and type your comment. This cr eates a little r ed mark in the cell, indicating a comment, and you can see the comment by r esting the cur sor over the cell. When a cell contains a comment, you can edit or delete the comment by right-clic king on the cell and selecting the appropriate item. If you want all the cell comments to be visible (for e xample, in a printout as in F igure 2.12), clic k on the F

finished, just click on the Remove Arrows button. 1 2 3 4 5 6 7 8 9 10 11 12 13 1 2 3 4 5 6 7 8 9 10 11 12 13 A Great Threads direct mail model B Catalog inputs Fixed cost of prinƟng Variable cost of prinƟng mailing $20,000 $0.25 Decision variable Number mailed 100000 Order inputs Average order Variable cost per order $40 $32.20 A Great Threads direct mail model B Catalog inputs Fixed cost of prinƟng Variable cost of prinƟng mailing $20,000 $0.25 Decision variable Number mailed

the right to remove additional content at any time if subsequent rights restrictions require it. want to try. (To speed up the process, the inputs from the previous run are shown by default.) After you have entered all of these inputs, you can take a look at the Model worksheet. This sheet contains a spreadsheet model similar to the one in Figure 3.27 but with the inputs you just entered. Now go back to the Explanation sheet and click on the Find Optimal Solution button. This automatically sets

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