This text combines the market leading writing and presentation skills of Bill Stevenson with integrated, thorough, Excel modeling from Ceyhun Ozgur. Professor Ozgur teaches Management Science, Operations, and Statistics using Excel, at the undergrad and MBA levels at Valparaiso University --and Ozgur developed and tested all examples, problems and cases with his students. The authors have written this text for students who have no significant mathematics training and only the most elementary experience with Excel.
Introduction to Management Science, 2e offers a unique case study approach and integrates the use of Excel. Each chapter includes a case study that is meant to show the students a real and interesting application of the topics addressed in that chapter. This most recent revision has been thoroughly updated to be more "user-friendly" and more technologically advanced. These changes include, a completely new chapter on the art of modeling with spreadsheets. This unique chapter goes far beyond anything found in other textbooks and are based on the award winning methodologies used by Mark Hillier in his own course. The technology package has also been greatly enhanced to include, Crystal Ball 2000 (Professional Edition) a Management Science Online Learning Center, and an Excel add-in called Alver Table for performing sensitivity analysis. Crystal Ball is the most popular Excel add-in for computer simulation and includes OptQuest (an optimizer with simulation) as well as a forecasting module. The Management Science Online Learning Center (website) includes several modules that enable students to interactively explore certain management science techniques in depth. Solver Table is an Excel add-in developed by the author to help perform sensitivity analysis systematically, as well as substantially expanded coverage of computer simulation, including Crystal Ball. We now have two chapters on computer simulation instead of one, where the second chapter features the use of Crystal Ball.all.
A key goal of fisheries management is to regulate extractive pressure on a resource so as to ensure social, economic and ecological sustainability. This text provides an accessible entry point for students and professionals to management science as developed in fisheries, in order to facilitate uptake of the latest ideas and methods. Traditional management approaches have relied upon a stock assessment based on existing understanding of resource status and dynamics, and a prediction of the likely future response to a static management proposal. However all such predictions include an inherent degree of uncertainty, and the last few decades have seen the emergence of an adaptive approach that uses feedback control to account for unknown future behaviour. Feedback is achieved via a control rule, which defines a relationship between perceived status of the resource and a management action. Evaluations of such rules usually include computer simulation testing across a broad range of uncertainties, so that an appropriate and robust rule can be selected by stakeholders and managers. The book focuses on this approach, which is usually referred to as Management Strategy Evaluation. The book is enriched by case study examples from different parts of the world, as well as insights into the theory and practice from those actively involved in the science of fisheries management.
This best-selling introduction to the techniques and applications of management science is designed to make the subject easy to understand, interesting, and accessible for readers with limited mathematical background or skills. The book focuses on management science not only as a collection of techniques and processes, but as a philosophy and method for approaching problems in a logical manner.KEY TOPICS: Following a Òbegin-from-the-basicsÓ approach for all topics, this book provides comprehensive coverage and flexible organization but does not assume an understanding of the mathematical underpinnings of any topic on the part of the reader. Each short, easy-to-read chapter centers around simple, straightforward examples that demonstrate the fundamentals of the techniques and provide specific solution steps that can be applied to other situations. Demonstrates how management science techniques can improve efficiency and save money. It also interweaves computer usage throughout every chapter. The sixth edition of Introduction to Management Science has been revised to reflect the most up-to-date practices and techniques. It now includes a revised discussion on the modeling process and new discussions the Analytical Hierarchy Procedure (AHP) and Multiple Regression. It also includes Excel Spreadsheet Solutions, including Excel QM, Crystal Ball software, and TreePlan software. An essential reference book for every professional manager.ÿ
Systems and Decision Making A Management Science Approach Hans G Daellenbach University of Canterbury, Christchurch, New Zealand Traditional methods of problem solving, based on the cause-and-effect model, can no longer cope with the complex situations in which decisions have to be made today. These problem situations occur within a systems context. Most of these systems are created and controlled by humans and it is, therefore, important that decision making is guided by a systematic and comprehensive methodology that helps the decision maker to make effective use of his/her extensive but limited powers of reasoning. Systems and Decision Making combines contemporary systems work with Operations Research (OR). Daellenbach places an emphasis on developing a methodology for decision situations that lend themselves to quantitative approaches rather than give an elementary survey of many OR/MS techniques. It incorporates some of the learnings of soft systems methodology for more practical problem solving, particularly at the problem identification and formulation stages. The text also shows that the scientific component of modelling can be considerably enhanced by the use of various diagrammatic devices. The second part of the book studies a number of topics important for the analyst, such as how to deal with the time element, with constraints, with uncertainty, and with multiple goals. These are demonstrated by various OR/MS techniques. Systems and Decision Making is an excellent core text for undergraduate and graduate students of systems, management science and MBA courses.
Businesses have to cut costs, increase revenue and be profitable. The aim of this book is to introduce Management Science to analyse business challenges and to find solutions analytically. Important topics in modelling, optimisation and probability are covered. These include: linear and integer programming, network flows and transportation; essential statistics, queueing systems and inventory models. The overall objectives are: to enable the reader to increase the efficiency and productivity of businesses; to observe and define challenges in a concise, precise and logical manner; to be familiar with a number of classical and state-of-the art operational research techniques and tools; to devise solutions, algorithms and methods that offer competitive advantage to businesses and organisations; and to provide results to management for decision making and implementation. Numerous examples and problems with solutions are given to demonstrate how these concepts can be applied in a business context.
