Managerial Decision Modeling with Spreadsheets and Student CD Package / Edition 2

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Prentice Hall Decision Science has a long history of publishing market-defining, leading- edge textbooks. This proud tradition continues with this exciting new edition of Balakrishnan/Render/Stair’s Managerial Decision Modeling with Spreadsheets, 2nd Edition. In this spreadsheet modeling text the authors first discuss the algebraic model so that the student can understand the logic and rationale behind the decision model. The spreadsheet implementation then closely follows the algebraic model for ease of understanding.

Balakrishnan, Render and Stair continue to set the standard with:

  • Increased Quantity and Range of End-of-Chapter Exercises and Problems — Many of these exercises and problems include multi-part questions, providing a richer pool of questions from which to select, and making them better suited to a computer-based solution environment.
  • Inclusion of Several New Decision Models — Now includes coverage of new decision models such as make-buy problems and allocation problems (in Linear Programming), min-max and max-min problems (in Network Models), set covering problems (in Binary Integer Programming), and additive decomposition problems (in Forecasting).
  • Expanded discussions in the following topical areas —Simulation, Regression, LP Formulation, Integer and Nonlinear Programming, and Utility Theory.

More information about this text and our entire list can be found on the web at

Bookstores: To order this text, please use this isbn 013-226806-X.

Please contact your PH Rep for more packaging information or visit us on the web at

Students: Additional resources to enhance your understanding of the text material may be found on the text website at

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Product Details

  • ISBN-13: 9780132268066
  • Publisher: Prentice Hall
  • Publication date: 1/1/2006
  • Edition description: REV
  • Edition number: 2
  • Pages: 651
  • Product dimensions: 8.28 (w) x 10.27 (h) x 1.05 (d)

Meet the Author

Nagraj (Raju) Balakrishnan is Professor and Graduate Coordinator in the Department of Management at Clemson University. He holds Bachelors and Masters degrees in Mechanical Engineering from the University of Madras (India) and the University of Kentucky respectively, and a Ph.D. in Management from Purdue University. He previously taught at Tulane University.

Dr. Balakrishnan teaches courses in spreadsheet-based Decision Modeling, Business Statistics, Production and Operations Management, and Project Management. He has won several awards for teaching excellence both at Clemson and at Tulane. At Clemson, these include the MBA Professor of the Year award and the College of Business Graduate Teaching Excellence award (twice). He has also taught in Tulane University’s Executive MBA program.

Dr. Balakrishnan’s current research focuses on production scheduling, capacity allocation models, and problems related to configurations of supply chains. His articles have been published in leading academic journals such as Decision Sciences, Production and Operations Management, European Journal of Operational Research, Naval Research Logistics, IIE Transactions, Networks, and Computers & Operations Research. He serves as a Senior Departmental Editor of Production and Operations Management, Online Editor for the Production and Operations Management Society, and is the recipient of several awards for his research publications including Best Paper awards from the Decision Sciences Institute and the Institute of Industrial Engineers, the Clemson Department of Management Award for Scholarly Achievement, and the Clemson Board of Trustees Award for Faculty Excellence.

Dr. Balakrishnan is very active in writing proposals and has authored or co-authored successful grant proposals totaling over $400,000 from the National Science Foundation and other funding agencies. Several of these have been in collaboration with faculty from the College of Engineering and Sciences at Clemson University.

Dr. Balakrishnan lives in Clemson, SC with his wife Meena, son Nitin, and daughter Nandita. He enjoys traveling and Indian light music, and is an avid racquetball player.

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Table of Contents

1. Introduction to Managerial Decision Modeling

2. Linear Programming Models: Graphical and Computer Methods

3. Linear Programming Modeling Applications with Computer Analyses in Excel

4. Linear Programming Sensitivity Analysis

5. Transportation, Assignment, and Network Models

6. Integer, Goal, and Nonlinear Programming Models

7. Project Management

8. Decision Analysis

9. Queuing Models

10. Simulation Modeling

11. Forecasting Models

12. Inventory Control Models

Appendix A Probability Concepts and Applications

Appendix B Useful Excel Commands and Procedures for Installing Excel Modules

Appendix C Areas Under the Standard Normal Curve

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

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