Strayer MAT540 all discussions

Please respond to the following:

· Please go over the entire syllabus. List three things you may already know something about and three things you wish to know more about, in the content of the course.

Week2

In your own words, explain how to obtain the “expected value of perfect information” for any payoff table, which has probabilities associated with each state of nature. Then, provide an example, drawing from any of the payoff tables in Problems 1-17 in the back of Chapter 12. If no probabilities are given for the states of nature, then assume equal likelihood.

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Week 3

Discuss Simulation

Select one (1) of the following topics for your primary discussion posting:

· Identify the part of setting up a simulation in Excel that you find to be the most challenging, and explain why. Identify resources that can help you with that.

· Explain how simulation is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

Week 4 discussion

Discuss Forecasting Methods

Select one (1) of the following topics for your primary discussion posting:

· Identify any challenges you have in setting up a time-series analysis in Excel. Explain what they are and why they are challenging. Identify resources that can help you with that.

· Explain how forecasting is used in the real world. Provide a specific example from your own line of work, or a line of work that you find particularly interesting.

Week 5

"Reflection to date" Please respond to the following:

· In a paragraph, reflect on what you've learned so far in this course. Identify the most interesting, unexpected, or useful thing you've learned and explain why

Week 6 Discussion

COLLAPSE

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Discuss LP Models

Select one (1) of the following topics for your primary discussion posting:

· The objective function always includes all of the decision variables, but that is not necessarily true of the constraints. Explain the difference between the objective function and the constraints. Then, explain why a constraint need not refer to all the variables.

· Pick any constraint from any problem in the text, and explain how to plot the line that corresponds to that constraint.

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Week 7

Discuss sensitivity analysis

Select one (1) of the following topics for your primary discussion posting:

· Identify any challenges you have in setting up a linear programming problem in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.

· Explain what the shadow price means in a maximization problem. Explain what this tells us from a management perspective.

Week 8

Practice setting up linear programming models for business applications

Select an even-numbered LP problem from the text, excluding 14, 20, 22, 36 (which are part of your homework assignment). Formulate a linear programming model for the problem you select.

Week 9 discussion

Week 9 Discussion

Discuss characteristics of integer programming problems

Select one (1) of the following topics for your primary discussion posting:

· Explain how the applications of Integer programming differ from those of linear programming. Give specific instances in which you would use an integer programming model rather than an LP model. Provide real-world examples.

· Identify any challenges you have in setting up an integer programming problem in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.

Week 10 discussion

Week 10 Discussion

Discussion assignment and transshipment problems

Select one (1) of the following topics for your primary discussion posting:

· Explain the assignment model and how it facilitates in solving transportation problems. Determine the benefits to be gained from using this model.

· Identify any challenges you have in setting up an transshipment model in Excel, and solving it with Solver. Explain exactly what the challenges are and why they are challenging. Identify resources that can help you with that.

Week 11 - Reflection to date

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"Reflection to date" Please respond to the following:

• In a paragraph, reflect on what you've learned in this course. Identify the most interesting, unexpected, or useful thing you’ve learned, and explain how it can be applied to your work or daily life in some manner.

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