# Study sets matching "management science"

Study sets

Diagrams

Classes

Users

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

Uncontrollable Inputs

environmental factors, which can affect both the objection fun…

controllable inputs

are controlled or determined by the decision make are

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 nu…

Capacity

The maximum rate of output of a process or system

Utilization

How much of the capacity is currently used

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…

management science

a discipline that attempts to aid management decision making b…

traveling salesman problem

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

Management

Management Science

Founders of Scientific Management

Frederick Taylor

= the supervision of something... =the judicious use of MEANS TO…

= the study of statistical and operations research methods, su…

1) Frederick Taylor... 2) Henry Mintzberg... 3) Frank & Lillian Gilb…

--> Taylorism... -1856-1915... -Believed that the "One Best Way" to…

Management

= the supervision of something... =the judicious use of MEANS TO…

Management Science

= the study of statistical and operations research methods, su…

e commorce

e organization

e-businnes

ultarion view of etic

any computer transaction that occurs when data are processed a…

the application of e-businnes consept offered to steakholder

the full breath of activities included in a succesful internet…

making decisions solely on the basis of their outcomes consequ…

e commorce

any computer transaction that occurs when data are processed a…

e organization

the application of e-businnes consept offered to steakholder

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 nu…

Capacity

The maximum rate of output of a process or system

Utilization

How much of the capacity is currently used

Zero variability

Variability

Single Channel

Multi-phase

constant flow; no waiting and 100% utilization of service proc…

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 proc…

Variability

waiting and less than 100% utilization of service processes

The Theory of Constraints (TOC)

Constraint

Bottleneck

Capacity planning (long-term)

A systematic management approach that focuses on actively mana…

Any factor that limits the performance of a system and restric…

An output constraint that limits a company's ability to meet m…

Economies and diseconomies of scale... Capacity timing and sizing…

The Theory of Constraints (TOC)

A systematic management approach that focuses on actively mana…

Constraint

Any factor that limits the performance of a system and restric…

Decision Under Certainty

Decision Node(Point)

Decision Table

Decision Tree

A decision-making environment in which several outcomes or sta…

In a decision tree, this is a point where the best of the avai…

a payoff table

a graphical representation of a decision making situation

Decision Under Certainty

A decision-making environment in which several outcomes or sta…

Decision Node(Point)

In a decision tree, this is a point where the best of the avai…

Management Science

Classical Management

Administrative Management

Behavioral Management

The careful, objective study of management decisions and proce…

Management theory that studies the way work is organized and t…

Management theory that identifies the most effective practices…

Management theory directed at organizational improvement throu…

Management Science

The careful, objective study of management decisions and proce…

Classical Management

Management theory that studies the way work is organized and t…

Cloud storage area where you can store…

Keyboard shortcut that lets you paste a…

File extension given to Excel workbook…

What must you do to enter a number as a…

SkyDrive

Ctrl+V

.xlsx

Type an apostrophe before the number.

Cloud storage area where you can store…

SkyDrive

Keyboard shortcut that lets you paste a…

Ctrl+V

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…

Electronic Waste

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

Sanitary landfills

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

Parameters

A variable is a value that is usually a…

The feasible solution area contains inf…

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 a…

False

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…

Linear function

Mathematical problems where variables are raised to first power

Linear Programminmg

Choosing a course of action using a mathematical model where t…

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

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…

Problem solving

the process of identifying a difference between the actual and…

Problem solving Process (7)

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

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…

waste

any unwanted material or substance from human activity

municipal solid waste

nonliquid waste that comes from homes, institutions and small…

5 functions managers are responsible for

Who invented scientific management?

Work specialization is what theory?

Who leveraged scientific management

Planning, Organizing, Staffing, Coordinating, Controlling

Fredrick W. Talor

Organizational theory

Ford

5 functions managers are responsible for

Planning, Organizing, Staffing, Coordinating, Controlling

Who invented scientific management?

Fredrick W. Talor

linear programming

decision variables

objective function

model constraint

a model that consists of linear relationships representing a f…

mathematical symbols that represent levels of activity by the…

a linear relationship that reflects the objective of an operat…

a linear relationship that represents a restriction on decisio…

linear programming

a model that consists of linear relationships representing a f…

decision variables

mathematical symbols that represent levels of activity by the…

management science

scientific method

management scientist

model

a scientific approach to solving management problems

five steps including observation, problem definition, model co…

a person skilled in the application of management science tech…

an abstract mathematical representation of a problem situation

management science

a scientific approach to solving management problems

scientific method

five steps including observation, problem definition, model co…

Explain how ending inventory in any per…

Explain how the number of items shipped…

What data in the model was randomly gen…

What excel function is used to generate…

Ending inventory of previous period. Items shipped plus materi…

Either ending inventory from previous period, or, actual sales…

Actual sales order volume

Rand between

Explain how ending inventory in any per…

Ending inventory of previous period. Items shipped plus materi…

Explain how the number of items shipped…

Either ending inventory from previous period, or, actual sales…

Management Science

7 Steps of Problem Solving

Characteristics of Quantitative Analysis

Characteristics of Qualitative Analysis

The body of knowledge involving quantitative approaches to dec…

Define the Problem, Determine the Set of Alternative Solutions…

Analysis will concentrate on data associated with the problem,…

An analysis based on manager's judgement/experience, includes…

Management Science

The body of knowledge involving quantitative approaches to dec…

7 Steps of Problem Solving

Define the Problem, Determine the Set of Alternative Solutions…

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 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.…

Po

Pn

L

Lq

Probability that there are no customers in the system

Probability that there are n customers in the system

Average number of customers in the system

Average number of customers in the queue

Po

Probability that there are no customers in the system

Pn

Probability that there are n customers in the system