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Study sets matching "management science"

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Study sets matching "management science"

Management Science
Uncontrollable Inputs
controllable inputs
Deterministic model
stochastic
environmental factors, which can affect both the objection fu…
are controlled or determined by the decision make are
uncontrollable inputs to model are known and cannot vary
uncontrollable inputs are uncertain and subject to variation
Uncontrollable Inputs
environmental factors, which can affect both the objection fu…
controllable inputs
are controlled or determined by the decision make are
59 terms
Management Science
Capacity
Utilization
Measures of Capacity
Output Measures
The maximum rate of output of a process or system
How much of the capacity is currently used
Output and Input measures
use when process has high volume and the firm has a limited n…
Capacity
The maximum rate of output of a process or system
Utilization
How much of the capacity is currently used
64 terms
Management Science
Management science is the
___ is a recognized and established di…
Management Science is also referred to
The steps of the scientific method are
application of a scientific approach to solving management pr…
Management Science.
operations research, quantitative methods, quantitative analy…
observation, problem definition, model construction, model so…
Management science is the
application of a scientific approach to solving management pr…
___ is a recognized and established di…
Management Science.
14 terms
Management Science
management science
traveling salesman problem
operational/operations research
quantitative management
a discipline that attempts to aid management decision making…
an NP-hard optimization problem which seeks the minimum dista…
used scientific methods to analyze and solve practical operat…
The application to management of quantitative techniques, suc…
management science
a discipline that attempts to aid management decision making…
traveling salesman problem
an NP-hard optimization problem which seeks the minimum dista…
47 terms
Management Science
PROBLEM SOLVING
DECISION MAKING
SINGLE-CRITERION DECISION PROBLEM
MULTICRITERIA DECISION PROBLEM
THE PROCESS OF IDENTIFYING A DIFFERENCE BETWEEN THE ACTUAL AN…
THE PROCESS OF DEFINING THE PROBLEM, IDENTIFYING THE ALTERNAT…
A PROBLEM IN WHICH THE OBJECTIVE IS TO FIND THE "BEST" SOLUTI…
A PROBLEM THAT INVOLVES MORE THAN ONE CRITERION; THE OBJECTIV…
PROBLEM SOLVING
THE PROCESS OF IDENTIFYING A DIFFERENCE BETWEEN THE ACTUAL AN…
DECISION MAKING
THE PROCESS OF DEFINING THE PROBLEM, IDENTIFYING THE ALTERNAT…
7 terms
Management science
Managnent science... how many elements/…
Who developed management science
Operations research developed when
simplex method
Management science is the discipline that attempts to aid man…
Fredrick Taylor ... operation: TIME and Motion studies - regarding
developed during WWII
...
Managnent science... how many elements/…
Management science is the discipline that attempts to aid man…
Who developed management science
Fredrick Taylor ... operation: TIME and Motion studies - regarding
59 terms
Management Science
Capacity
Utilization
Measures of Capacity
Output Measures
The maximum rate of output of a process or system
How much of the capacity is currently used
Output and Input measures
use when process has high volume and the firm has a limited n…
Capacity
The maximum rate of output of a process or system
Utilization
How much of the capacity is currently used
26 terms
Management Science
Zero variability
Variability
Single Channel
Multi-phase
constant flow; no waiting and 100% utilization of service pro…
waiting and less than 100% utilization of service processes
single queue; single server
multiple queues; single server
Zero variability
constant flow; no waiting and 100% utilization of service pro…
Variability
waiting and less than 100% utilization of service processes
48 terms
Management Science
The Theory of Constraints (TOC)
Constraint
Bottleneck
Capacity planning (long-term)
A systematic management approach that focuses on actively man…
Any factor that limits the performance of a system and restri…
An output constraint that limits a company's ability to meet…
Economies and diseconomies of scale... Capacity timing and sizin…
The Theory of Constraints (TOC)
A systematic management approach that focuses on actively man…
Constraint
Any factor that limits the performance of a system and restri…
8 terms
Management science
Decision Under Certainty
Decision Node(Point)
Decision Table
Decision Tree
A decision-making environment in which several outcomes or st…
In a decision tree, this is a point where the best of the ava…
a payoff table
a graphical representation of a decision making situation
Decision Under Certainty
A decision-making environment in which several outcomes or st…
Decision Node(Point)
In a decision tree, this is a point where the best of the ava…
64 terms
Management Science
Management science is the
___ is a recognized and established di…
Management Science is also referred to
The steps of the scientific method are
application of a scientific approach to solving management pr…
Management Science.
operations research, quantitative methods, quantitative analy…
observation, problem definition, model construction, model so…
Management science is the
application of a scientific approach to solving management pr…
___ is a recognized and established di…
Management Science.
31 terms
Management science
Management science
Edges (notation)
Vertices (notation)
Degree (even and odd vertices)
using mathmatics to solve management problems, find optimal k…
Collection of lines connecting vertices which can be straight…
set of dots/points that represent a choice within the graph
The # of edges of choices that are possible from that vertex,…
Management science
using mathmatics to solve management problems, find optimal k…
Edges (notation)
Collection of lines connecting vertices which can be straight…
100 terms
Management Science
Cloud storage area where you can store…
Keyboard shortcut that lets you paste…
File extension given to Excel workbook…
What must you do to enter a number as…
SkyDrive
Ctrl+V
.xlsx
Type an apostrophe before the number.
Cloud storage area where you can store…
SkyDrive
Keyboard shortcut that lets you paste…
Ctrl+V
53 terms
Exercise Science Injury Management
Personal Protective Equipment(PPE)
Body Substance Isolation(BSI)
HISTORY
INSPECTION
prevents disease transmission
prevents disease transmission
Most important step; gather information about an injury
Observational
Personal Protective Equipment(PPE)
prevents disease transmission
Body Substance Isolation(BSI)
prevents disease transmission
30 terms
Management Science
Data are pieces of information from th…
A variable is a value that is usually…
The feasible solution area contains in…
The objective function always consists…
True
False
True
True
Data are pieces of information from th…
True
A variable is a value that is usually…
False
37 terms
Management Science
Parameters
A variable is a value that is usually…
The feasible solution area contains in…
The objective function always consists…
constant values that are usually coefficients of variables in…
False
True
True
Parameters
constant values that are usually coefficients of variables in…
A variable is a value that is usually…
False
38 terms
Management Sciences
Linear function
Linear Programminmg
Slack Variables
Redundant constraint
Mathematical problems where variables are raised to first power
Choosing a course of action using a mathematical model where…
The variables not maxxed/minned out... at optimal solution deter…
does not affect the feasible solution at all (all its values…
Linear function
Mathematical problems where variables are raised to first power
Linear Programminmg
Choosing a course of action using a mathematical model where…
28 terms
Environmental Science Waste Management
waste
municipal solid waste
industrial waste
hazardous waste
any unwanted material or substance from human activity
nonliquid waste that comes from homes, institutions and small…
the waste that comes from the production of consumer goods, m…
solid or liquid waste that is toxic, chemically reactive, fla…
waste
any unwanted material or substance from human activity
municipal solid waste
nonliquid waste that comes from homes, institutions and small…
8 terms
Management Sciences
Problem solving
Problem solving Process (7)
Quantitative Analysis
analyst will concentrate on what durin…
the process of identifying a difference between the actual an…
1 identify problem... 2 determine alternative solution... 3 determi…
is based on the manager's judgment and experience; it include…
on fact/data associated with the problem and develop mathemat…
Problem solving
the process of identifying a difference between the actual an…
Problem solving Process (7)
1 identify problem... 2 determine alternative solution... 3 determi…
44 terms
AP Environmental Science - Resource Management and Forestry
Deforestation
World heritage sites
John Wesley Powell
Rafflesia arnoldii
The loss or destruction of forests, mainly for logging or far…
Sites receiving designation from the UN Educational, Scientif…
A U.S. soldier, geologist, and explorer of the American West.…
The world's largest flower with a blossom 3 feet wide. Found…
Deforestation
The loss or destruction of forests, mainly for logging or far…
World heritage sites
Sites receiving designation from the UN Educational, Scientif…
52 terms
Management Science Exam #1
Management Science
Goal of Management Science
MS Steps to Problem Solving
Math models
- adapts scientific approach for problem solving to help mana…
- recommend course of action that is expected to yield best o…
1) Measureable evidence from practice... 2) Quantitative analysi…
- set of math relationships (equations and inequalities)... - co…
Management Science
- adapts scientific approach for problem solving to help mana…
Goal of Management Science
- recommend course of action that is expected to yield best o…
49 terms
Management sciences
Explain how ending inventory in any pe…
Explain how the number of items shippe…
What data in the model was randomly ge…
What excel function is used to generat…
Ending inventory of previous period. Items shipped plus mater…
Either ending inventory from previous period, or, actual sale…
Actual sales order volume
Rand between
Explain how ending inventory in any pe…
Ending inventory of previous period. Items shipped plus mater…
Explain how the number of items shippe…
Either ending inventory from previous period, or, actual sale…
30 terms
Ch. 12 Environmental Science (Waste Management)
Electronic Waste
Sanitary landfills
Recycling
Waste
This is the fastest growing type of solid waste. Includes TV'…
Disposal sites for non-hazardous solid waste that is spread i…
Collecting and reprocessing a resource or product to make int…
Any unwanted material or substance that results from a human…
Electronic Waste
This is the fastest growing type of solid waste. Includes TV'…
Sanitary landfills
Disposal sites for non-hazardous solid waste that is spread i…
11 terms
Management Science: Probability Distributions
Random Variable
Expected Value
Variance
Standard Deviation
A numeric description of the outcome of an experiment.
For discrete random variables, it is the weighted average of…
A measure used to summarize the variability in the values of…
The positive square root of the variance. σ
Random Variable
A numeric description of the outcome of an experiment.
Expected Value
For discrete random variables, it is the weighted average of…
14 terms
Management Science: Decision Analysis
States of Nature
Payoff Table
Decision Tree
Decision Making without Probabilities
The possible outcomes for a chance event
A table showing payoffs for all combos of decision alternativ…
A graphical representation of the decision-making process
Optimistic Approach... Conservative Approach... Minimax Regret Appr…
States of Nature
The possible outcomes for a chance event
Payoff Table
A table showing payoffs for all combos of decision alternativ…
30 terms
Management Science 1
design capacity
effective capacity
utilization
efficiency
max output rate or service capacity an operation, process, or…
design capacity minus allowances such as personal time and ma…
(actual output/design capacity) x 100%
(actual output/effective capacity) x 100%
design capacity
max output rate or service capacity an operation, process, or…
effective capacity
design capacity minus allowances such as personal time and ma…
26 terms
Environmental Science Waste Management (Reaves)
waste
municipal solid waste
industrial waste
hazardous waste
any unwanted material or substance from human activity
nonliquid waste that comes from homes, institutions and small…
the waste that comes from the production of consumer goods, m…
solid or liquid waste that is toxic, chemically reactive, fla…
waste
any unwanted material or substance from human activity
municipal solid waste
nonliquid waste that comes from homes, institutions and small…
27 terms
Ch. 22 AP Environmental Science (Waste Management)
Electronic Waste
Sanitary landfills
Recycling
Waste
This is the fastest growing type of solid waste. Includes TV'…
Disposal sites for non-hazardous solid waste that is spread i…
Collecting and reprocessing a resource or product to make int…
Any unwanted material or substance that results from a human…
Electronic Waste
This is the fastest growing type of solid waste. Includes TV'…
Sanitary landfills
Disposal sites for non-hazardous solid waste that is spread i…
29 terms
Exam 1 Management Science
continuous variable
uniform distribution
standard deviation of normal curve
1
can assume any value in an interval on the real line or in a…
probability is proportional to length of the interval
determines the width of the curve
total area under a normal distribution curve
continuous variable
can assume any value in an interval on the real line or in a…
uniform distribution
probability is proportional to length of the interval
68 terms
Management Science Exam 1
Management Science
The Steps of the Scientific Method are:
Management Scientist
Model
a scientific approach to solving management problems - can be…
1. Observation... 2. Problem Definition... 3. Model Construction... 4.…
a person skilled in the application of management science tec…
an abstract mathematical representation of a problem situatio…
Management Science
a scientific approach to solving management problems - can be…
The Steps of the Scientific Method are:
1. Observation... 2. Problem Definition... 3. Model Construction... 4.…
10 terms
Management Science: Simulation
Risk Analysis
Parameters
What-if Analysis
Profit Model
Process of predicting the outcome of a decision in the face o…
Constants such as selling price, advertising cost, administra…
Generating values for the probabilistic inputs and computing…
Profit = (Selling Price - Cost 1-Cost 2)demand - Fixed Costs
Risk Analysis
Process of predicting the outcome of a decision in the face o…
Parameters
Constants such as selling price, advertising cost, administra…
20 terms
Management Science Test 1
Fixed Costs
Variable Cost
Total Variable Cost
Total Cost
costs that remain constant regardless of number of units prod…
unit production cost of product
function of volume (v) and unit variable cost
total fixed cost plus total variable cost
Fixed Costs
costs that remain constant regardless of number of units prod…
Variable Cost
unit production cost of product
14 terms
Management Science: Intro
Problem Solving
Problem Solving Process
Decision Making
Mathematical Models
The process of identifying a difference between the actual an…
1. Identify and define the problem... 2. Determine the set of al…
The first five steps of the problem-solving process. Identify…
A representation of a problem by a system of symbols and math…
Problem Solving
The process of identifying a difference between the actual an…
Problem Solving Process
1. Identify and define the problem... 2. Determine the set of al…
52 terms
Management Science 291
Statistics
Population
Sample
Descriptive Statistics
The methodology if extracting useful information from a data…
Consists of all items of interest
Calculated from the sample data and is used to make inference…
Collecting, Organizing, and presenting the data
Statistics
The methodology if extracting useful information from a data…
Population
Consists of all items of interest
23 terms
Chapter 12 Management Science
Work in process inventory
Environmentally preferable purchasing(…
stock keeping unit (SKU)
Environmentally preferable purchasing(…
partially finished products in various stages of completion t…
affirmative selection and acquisition of products and service…
single item or asset stored at a particular location
green purchasing for the environment
Work in process inventory
partially finished products in various stages of completion t…
Environmentally preferable purchasing(…
affirmative selection and acquisition of products and service…
24 terms
Management Science Exam 1
Management Flow Chart
Capacity
Design Capacity
Effective Capacity
Inputs -> Transformation -> Outputs
The upper limit on the load that an operation unit can handle
Max Output Rate or service capacity an operation, process, or…
Design capacity minus allowance such as personal time and mai…
Management Flow Chart
Inputs -> Transformation -> Outputs
Capacity
The upper limit on the load that an operation unit can handle
Management Science (CH 2)
Mathematical Programing
The L.P. Model
Steps in Formulating an L.P. Model
Extreme Point Theorem
a field of management science that finds the optimal, or most…
a mathematical technique that will maximize or minimize a lin…
1. Understand the problem.... 2. Identify the decision variable.…
If an optimal solution to a linear programming problem exists…
Mathematical Programing
a field of management science that finds the optimal, or most…
The L.P. Model
a mathematical technique that will maximize or minimize a lin…
management science ch 11
Time-series -
Stationary Data -
Nonstationary Data -
Seasonal Data -
a set of observations on a quantitative variable collected ov…
a time series variable exhibiting no significant upward or d…
a time series variable exhibiting a significant upward or do…
a time series variable exhibiting a repeating patterns at re…
Time-series -
a set of observations on a quantitative variable collected ov…
Stationary Data -
a time series variable exhibiting no significant upward or d…
Management Science (CH 1)
Decision Analysis
Computer Model
Management Science
Spreadsheet Model
Identifying and evaluating the different possible courses of…
A set of mathematical relationships and logical assumptions i…
A field of study that uses computers, statistics and mathemat…
a type (or special case) of a computer model where a spreadsh…
Decision Analysis
Identifying and evaluating the different possible courses of…
Computer Model
A set of mathematical relationships and logical assumptions i…
56 terms
Dental Science - Emergency Management
Abscessed tooth
Alkalosis
Allergens
Allergic reactions
An infected tooth that causes the patient pain.
An increase in blood alkanility.
Substance that produce allergic reactions.
The overreaction of the body to particular allergens; itching…
Abscessed tooth
An infected tooth that causes the patient pain.
Alkalosis
An increase in blood alkanility.
Ch. 22 AP Environmental Science (Waste Management)
Electronic Waste
Sanitary landfills
Recycling
Waste
This is the fastest growing type of solid waste. Includes TV'…
Disposal sites for non-hazardous solid waste that is spread i…
Collecting and reprocessing a resource or product to make int…
Any unwanted material or substance that results from a human…
Electronic Waste
This is the fastest growing type of solid waste. Includes TV'…
Sanitary landfills
Disposal sites for non-hazardous solid waste that is spread i…
26 terms
Organisational Analysis and Management Science
Organisation
Organisational Structure
Organisational Behaviour
Organisational Analysis
A social arrangement for achieving controlled performance in…
The way that an organisation arranges people and jobs so that…
The systematic study and application of knowledge about how i…
Ways in which the personal goals of these groups inform their…
Organisation
A social arrangement for achieving controlled performance in…
Organisational Structure
The way that an organisation arranges people and jobs so that…
management science ch 9
Regression analysis
Scatter diagram
Least Squares Method
The R2 Statistic (also called the coef…
- modeling techniques for analyzing the relationship between…
- a graphical toot that helps in determining whether or not t…
- fits a trend line to a set of time series data in which the…
- an easy to interpret goodness-of-fix measure that evaluates…
Regression analysis
- modeling techniques for analyzing the relationship between…
Scatter diagram
- a graphical toot that helps in determining whether or not t…
Management Science (CH14)
Alternative
Criteria
States of Nature
Maximax Decision Rule
a course of action intended to solve a problem.
various factors that are important to the decision maker and…
future events that are not under the decision makers control.
--Identify the maximum payoff for each alternative.... --Choose…
Alternative
a course of action intended to solve a problem.
Criteria
various factors that are important to the decision maker and…
23 terms
plant science - plant management
1. land capability classes ... 2. differe…
four subclasses and what do they mean
equation for USLE
practices to manage erosion
1. roman numerals... 2. first can plant anything, last can't pla…
S= root zone/tillage problems... C=climatic hazard... E=erosion and…
A=R x K x Ls x C x P
conservation tillage, soil cover, diversion ditches, crop rot…
1. land capability classes ... 2. differe…
1. roman numerals... 2. first can plant anything, last can't pla…
four subclasses and what do they mean
S= root zone/tillage problems... C=climatic hazard... E=erosion and…
Chapter 3 Management Science
The simplex method
The marginal value
Sensitivity analysis
The sensitivity range for an objective…
is a procedure involving a set of mathematical steps to solve…
is the dollar amount one would be willing to pay for one addi…
is the analysis of the effect of parameter changes on the opt…
is the range of values over which the current optimal solutio…
The simplex method
is a procedure involving a set of mathematical steps to solve…
The marginal value
is the dollar amount one would be willing to pay for one addi…
16 terms
Chapter 9 Management Science
Immediate Predecessors
Project Network
Critical Path
Earliest start time
The activities that must be completed immediately prior to th…
A graphical representation of a project that depicts the acti…
The longest path in a project network
The earliest time an activity may begin
Immediate Predecessors
The activities that must be completed immediately prior to th…
Project Network
A graphical representation of a project that depicts the acti…
Management Science - Lecture 1
deterministic
stochastic
optimization
other models for Deterministic optimiz…
the information/data is fixed...we know exactly what is going…
we cannot say exactly (like the weather)
choosing the best alternative based on the potential solution…
customer service models, capacity planning, volume allocation…
deterministic
the information/data is fixed...we know exactly what is going…
stochastic
we cannot say exactly (like the weather)
22 terms
management science definitions
Adaptive Smoothing
Bias
Causal Models
CMA
the process of automatically monitoring and adjusting the smo…
A technique for determining the accuracy of a forecasting mod…
models that forecast using variables and factors in addition…
an average of the values centered at a particular point in ti…
Adaptive Smoothing
the process of automatically monitoring and adjusting the smo…
Bias
A technique for determining the accuracy of a forecasting mod…
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