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Uncontrollable Inputs

controllable inputs

Deterministic model

stochastic

environmental factors, which can affect both the objection fun…

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

Management science is the

___ is a recognized and established dis…

Management Science is also referred to

The steps of the scientific method are

application of a scientific approach to solving management pro…

Management Science.

operations research, quantitative methods, quantitative analys…

observation, problem definition, model construction, model sol…

management science

traveling salesman problem

operational/operations research

quantitative management

a discipline that attempts to aid management decision making b…

an NP-hard optimization problem which seeks the minimum distan…

used scientific methods to analyze and solve practical operati…

The application to management of quantitative techniques, such…

PROBLEM SOLVING

DECISION MAKING

SINGLE-CRITERION DECISION PROBLEM

MULTICRITERIA DECISION PROBLEM

THE PROCESS OF IDENTIFYING A DIFFERENCE BETWEEN THE ACTUAL AND…

THE PROCESS OF DEFINING THE PROBLEM, IDENTIFYING THE ALTERNATI…

A PROBLEM IN WHICH THE OBJECTIVE IS TO FIND THE "BEST" SOLUTIO…

A PROBLEM THAT INVOLVES MORE THAN ONE CRITERION; THE OBJECTIVE…

Management science is the

___ is a recognized and established dis…

Management Science is also referred to

The steps of the scientific method are

application of a scientific approach to solving management pro…

Management Science.

operations research, quantitative methods, quantitative analys…

observation, problem definition, model construction, model sol…

Decision Theory

Payoff Table

Expected Monetary Value (EMV)

Expected Value of Perfect Information (…

Suitable to a wide range of operations management decisions

The expected payoffs for each alternative in every possible st…

Determine the expected payoff of each alternative, and choose…

The difference between the expected payoff with perfect inform…

Management science

Edges (notation)

Vertices (notation)

Degree (even and odd vertices)

using mathmatics to solve management problems, find optimal ke…

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,…

What is capacity?

Why is capacity management important?

How is capacity measured?

What are economies of scale?

The ability of a manufacturing or service resource such as a f…

Can have profound impacts on business performance

The amount of output that can be produced in a particular time…

Achieved when the average unit cost of a good or service decre…

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 t…

The variables not maxxed/minned out... at optimal solution determ…

does not affect the feasible solution at all (all its values a…

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, mi…

solid or liquid waste that is toxic, chemically reactive, flam…

Problem solving

Problem solving Process (7)

Quantitative Analysis

analyst will concentrate on what during…

the process of identifying a difference between the actual and…

1 identify problem... 2 determine alternative solution... 3 determin…

is based on the manager's judgment and experience; it includes…

on fact/data associated with the problem and develop mathemati…

Management Science

Goal of Management Science

MS Steps to Problem Solving

Math models

- adapts scientific approach for problem solving to help manag…

- recommend course of action that is expected to yield best ou…

1) Measureable evidence from practice... 2) Quantitative analysis…

- set of math relationships (equations and inequalities)... - con…

Maximin Criterion

Expected Monetary Value (EMV)

Decision Trees

Folding-Back Procedure

Maximizes the worst payoff. Is appropriate for for a very cons…

Weighted average of the possible payoffs for a decision weight…

Represent decision problems... Decision trees are composed of nod…

Starting from the right of the decision tree and working back…

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…

A measure used to summarize the variability in the values of a…

The positive square root of the variance. σ

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 alternative…

A graphical representation of the decision-making process

Optimistic Approach... Conservative Approach... Minimax Regret Appro…

Electronic Waste

Sanitary landfills

Recycling

Waste

This is the fastest growing type of solid waste. Includes TV's…

Disposal sites for non-hazardous solid waste that is spread in…

Collecting and reprocessing a resource or product to make into…

Any unwanted material or substance that results from a human a…

Risk Analysis

Parameters

What-if Analysis

Profit Model

Process of predicting the outcome of a decision in the face of…

Constants such as selling price, advertising cost, administrat…

Generating values for the probabilistic inputs and computing t…

Profit = (Selling Price - Cost 1-Cost 2)demand - Fixed Costs

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 tech…

an abstract mathematical representation of a problem situation…

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 main…

Problem Solving

Problem Solving Process

Decision Making

Mathematical Models

The process of identifying a difference between the actual and…

1. Identify and define the problem... 2. Determine the set of alt…

The first five steps of the problem-solving process. Identify…

A representation of a problem by a system of symbols and mathe…

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 line…

1. Understand the problem.... 2. Identify the decision variable.…

If an optimal solution to a linear programming problem exists,…

Work in process inventory

Environmentally preferable purchasing(E…

stock keeping unit (SKU)

Environmentally preferable purchasing(E…

partially finished products in various stages of completion th…

affirmative selection and acquisition of products and services…

single item or asset stored at a particular location

green purchasing for the environment

Time-series -

Stationary Data -

Nonstationary Data -

Seasonal Data -

a set of observations on a quantitative variable collected ove…

a time series variable exhibiting no significant upward or do…

a time series variable exhibiting a significant upward or dow…

a time series variable exhibiting a repeating patterns at reg…

Decision Analysis

Computer Model

Management Science

Spreadsheet Model

Identifying and evaluating the different possible courses of a…

A set of mathematical relationships and logical assumptions im…

A field of study that uses computers, statistics and mathemati…

a type (or special case) of a computer model where a spreadshe…

Electronic Waste

Sanitary landfills

Recycling

Waste

This is the fastest growing type of solid waste. Includes TV's…

Disposal sites for non-hazardous solid waste that is spread in…

Collecting and reprocessing a resource or product to make into…

Any unwanted material or substance that results from a human a…

Organisation

Organisational Structure

Organisational Behaviour

Organisational Analysis

A social arrangement for achieving controlled performance in p…

The way that an organisation arranges people and jobs so that…

The systematic study and application of knowledge about how in…

Ways in which the personal goals of these groups inform their…

Deforestation

World heritage sites

John Wesley Powell

Rafflesia arnoldii

The loss or destruction of forests, mainly for logging or farm…

Sites receiving designation from the UN Educational, Scientifi…

A U.S. soldier, geologist, and explorer of the American West.…

The world's largest flower with a blossom 3 feet wide. Found o…

Regression analysis

Scatter diagram

Least Squares Method

The R2 Statistic (also called the coeff…

- modeling techniques for analyzing the relationship between a…

- a graphical toot that helps in determining whether or not tw…

- fits a trend line to a set of time series data in which the…

- an easy to interpret goodness-of-fix measure that evaluates…

1. land capability classes ... 2. differen…

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 plan…

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 rota…

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 i…

future events that are not under the decision makers control.

--Identify the maximum payoff for each alternative.... --Choose t…

deterministic

stochastic

optimization

other models for Deterministic optimiza…

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 solutions…

customer service models, capacity planning, volume allocation,…

Adaptive Smoothing

Bias

Causal Models

CMA

the process of automatically monitoring and adjusting the smoo…

A technique for determining the accuracy of a forecasting mode…

models that forecast using variables and factors in addition t…

an average of the values centered at a particular point in time.

Quality

ISO 9000

Cost of Quality

Total Quality Management (TQM)

The ability of a product or service to meet customer needs.

A set of quality standards developed by the International Orga…

The cost of doing things wrong— that is, the price of nonconfo…

Management of an entire organization so that it excels in all…

sensitivity analysis

technological coefficients

dual price

alternate optimal solution

the study of how sensitive and optimal solution is to model as…

coefficients of the variables in the constraint equations. The…

the improvements in the objective function value that results…

a situation in which more than one optimal solution is possible.