Managerial Decision Modeling with Spreadsheets and Student CD-ROM / Edition 1

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Overview

Filling a void for a balanced approach to spreadsheet based decision modeling, this volume builds on the traditions and strengths of Render and Stair's Quantitative 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.
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Editorial Reviews

Booknews
This text for undergraduate and introductory graduate decision modeling courses at business schools focuses on skills for applying decision models to different kinds of organizational decision-making situations. While material is oriented to specific software and applications, fundamental concepts, assumptions, and limitations behind each decision modeling technique are discussed, with descriptions of how each decision model works and case illustrations from both profit and nonprofit organizations. Previous knowledge of algebra and Excel are required. The CD-ROM offers software for linear and nonlinear optimization models, spreadsheet software, Excel files for text examples, and ExcelModules. Render teaches graduate courses in management science at Rollins College. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Product Details

  • ISBN-13: 9780130783813
  • Publisher: Pearson
  • Publication date: 6/11/2002
  • Edition description: BK&CD-ROM
  • Edition number: 1
  • Pages: 662
  • Product dimensions: 8.14 (w) x 10.02 (h) x 1.21 (d)

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 Theory.
9. Queuing Models.
10. Simulation Modeling.
11. Forecasting Models.
12. Inventory Control Models.
Appendix A: Useful Excel Commands and Procedures for Installing Excel Modules.
Appendix B: Probability Concepts and Applications.
Appendix C: Areas Under the Standard Normal Curve.
Appendix D: Solutions to Selected Problems.
Appendix E: Solutions to Self-Tests.
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