Introduction to Management Science / Edition 10

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Introduction to Management Science shows readers how to approach decision-making problems in a straightforward, logical way.

Management Science; Linear Programming: Model Formulation and Graphical Solution; Linear Programming: Computer Solution and Sensitivity Analysis; Linear Programming: Modeling Examples; Integer Programming; Transportation, Transshipment, and Assignment Problems; Network Flow Models; Project Management; Multicriteria Decision Making; Nonlinear Programming; Probability and Statistics; Decision Analysis; Queuing Analysis; Simulation; Forecasting; Inventory Management

MARKET: This text equips readers with the skills and knowledge they need to solve problems through the use of mathematical models and computer solutions that implement the latest technology. Taylor’s objective was to focus on using simple, straightforward explanations and detailed step-by-step examples that readers would find understandable and easy-to-read.

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Product Details

  • ISBN-13: 9780136064367
  • Publisher: Prentice Hall
  • Publication date: 3/3/2009
  • Series: Pearson Custom Business Resources Series
  • Edition description: Older Edition
  • Edition number: 10
  • Pages: 840
  • Product dimensions: 8.20 (w) x 10.10 (h) x 1.50 (d)

Table of Contents

1. Management Science

The Management Science Approach to Problem Solving

Model Building: Break-Even Analysis

Computer Solution

Management Science Modeling Techniques

Business Usage of Management Science Techniques

Management Science Models in Descision Support Systems

2. Linear Programming: Model Formulation and Graphical Solution

Model Formulation

A Maximization Model Example

Graphical Solutions of Linear Programming Methods

A Minimization Model Example

Irregular Types of Linear Programming Problems

Characteristics of Linear Programming Problems

3. Linear Programming: Computer Solution and Sensitivity Analysis

Computer Solution

Sensitivity Analysis

4. Linear Programming: Modeling Examples

A Product Mix Example

A Diet Example

An Investment Example

A Marketing Example

A Transportation Example

A Blend Example

A Multiperiod Scheduling Example

A Data Envelopment Analysis Example

5. Integer Programming

Integer Programming Models

Integer Programming Graphical Solution

Computer Solution of Integer Programming Problems with Excel and QM for Windows

0-1 Integer Programming Modeling Examples

6. Transportation, Transshipment, and Assignment Problems

The Transportation Model

Computer Solution of a Transportation Problem

The Transshipment Model

The Assignment Model

Computer Solution of the Assignment Problem

7. Network Flow Models

Network Components

The Shortest Route Problem

The Minimal Spanning Tree Problem

The Maximal Flow Problem

8. Project Management

The Elements of Project Management


Probabilistic Activity Times

Microsoft Project

Project Crashing and Time-Cost Trade-Off

Formulating the CPM/PERT Network as a Linear Programming Model

9. Multicriteria Decision Making

Goal Programming

Graphical Interpretation of Goal Programming

Computer Solution of Goal Programming Problems with QM for Windows and Excel

The Analytical Hierarchy Process

Scoring Model

10. Nonlinear Programming

Nonlinear Profit Analysis

Constrained Optimization

Solution of Nonlinear Programming Problems with Excel

A Nonlinear Programming Model with Multiple Constraints

Nonlinear Model Examples

11. Probability and Statistics

Types of Probability

Fundamentals of Probability

Statistical Independence and Dependence

Expected Value

The Normal Distribution

12. Decision Analysis

Components of Decision Making

Decision Making without Probabilities

Decision Making with Probabilities

Decision Analysis with Additional Information


13. Queuing Analysis

Elements of Waiting Line Analysis

The Single-Server Waiting Line System

Undefined and Constant Service times

Finite Queue Length

Finite Calling Population

The Multiple-Server Waiting Line

Additional Types of Queuing Systems

14. Simulation

The Monte Carlo Process

Computer Simulation with Excel Spreadsheets

Simulation of a Queuing System

Continuous Probability Distributions

Statistical Analysis of Simulation Results

Crystal Ball

Verification of the Simulation Model

Areas of Simulation Application

15. Forecasting

Forecasting Components

Time Series Methods

Forecast Accuracy

Time Series Forecasting Using Excel

Time Series Forecasting Using QM for Windows

Regression Methods

16. Inventory Management

Elements of Inventory Management

Inventory Control Systems

Economic Order Quantity Models

The Basic EOQ Model

The EOQ Model with Noninstantaneous Receipt

The EOQ Model with Shortages

EOQ Analysis with QM for Windows

EOQ Analysis with Excel and Excel QM

Quantity Discounts

Reorder Point

Determining Safety Stocks Using Service Levels

Order Quantity for a Periodic Inventory System

Appendix A

Normal Table

Chi-Square Table

Appendix B

Setting Up and Editing a Spreadsheet

Appendix C

The Poisson and Exponential Distributions

Solutions to Selected Odd-Numbered Problems



Photo Credits

CD-ROM Modules

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