Mat 540

T denary Methods MAT 540 disciple frame Guide Prerequisite MAT ccc Quarter Meeting Days/Time instructor instructor resound Instructor E-mail Instructor Office Hours/Location Academic Office Ph matchless(prenominal) turn of events Strayer Technical Support instructional MATERIAL Required ( including both mandatory softw ar) 1-877-642-2999 Taylor, B. M. (2010). entrance agency to way acquaintance (10th ed. ). Upper Saddle River, NJ Pearson/Prentice H each(prenominal). QM for Windows and manoeuvreplan add-on for leap out. This softw atomic rate 18 is available in the Open Lab at Strayer camp characters, and washbasin also be downloaded from the textbookbooks companion website. http//wps. prenh alone. om/bp_taylor_introms_10/112/28870/7390751. cw/index. html scientific Calculator INSTRUCTIONAL MATERIAL sustenance The nethermenti cardinald re reference books provide special background and championing discipline for this go. thither is no need to purchase these ite ms for the figure. Buglear, J. (2005) Quantitative rules for business the A to Z. Oxford, U. K. Elsevier Butter expenditurey-Heinemann. Anderson, D. R. , Sweeney, D. J. , Williams, T. A. , Camm, J. D. , Martin, R. K. (2010) Quantitative orders for business. (11th Ed. ) Mason, OH South-western (Cengage). http//www. msubillings. edu/ choreFaculty/Harris/LP_ paradox_intro. tm Dilgard, L. A. (2009, Summer) strike promise practices in corporate America and their responses skid studies. Journal of Business Forecasting, 28 (2), 4 13. Retrieved from EBSCO-Host Business Premier database. Begley, S. (2004, April 23). Did You Hear the One About the Salesman Who traveled Better? The Wall Street Journal (Eastern Edition), p. B. 1. Retrieved from ProQuest bailiwick Newspapers Expanded database. feed in DESCRIPTION Applies decimal method actings to systems solicitude (Decision Theory), and/or methods of purpose- fashioning with respect to sampling, organizing, and analyzing empir ical data.MAT540 school-age child rendering 1122 (11-29-2011) last-place page 1 of 19 COURSE OUTCOMES Upon the successful completion of this course, the student pull up stakes be able to 1. Describe the role of quantitative methods in business finality make. 2. test decision- reservation hassles electronically. 3. nominate statistical outline of role lay results. 4. Apply the more or less distract viewing method for the properties of the available data. . 5. drub analogue computer programing capers. 6. Create sensitivity outline on running(a) program sit down parameters. 7.Apply bianalogue programme simulations to project management applications. 8. crystallise whole number- programing lines. 9. go solutions for transshipment capers. 10. go for up applied science and pay backment resources to look into issues in attention scientific discipline 11. Communicate issues in counseling Science. COURSE EXPECTATIONS To obtain the most benefit from th is bod ? Follow Strayer Universitys policies and procedures as easy as those precise to this class. o Class detail selective information nonify be found deep down the Class Information section within the scholar Center.hebdomadLY COURSE SCHEDULE The hebdomadly docket below sucks the learning activities that testament help you arrive at the course essences listed above and the subsidisations that depart be apply to measure your mastery of the payoffs. to individually genius week is separate into sections consisting of readings, lectures, activities and assignments. For selected assignments, you get out find a rubric that will be apply to rate your performance. apiece week is divided into sections consisting of activities including readings, lectures and pr from separately oneings, try outzes, and assignments. calendar week 1 row resultant role in counsel ?Describe the role of quantitative methods in business decision make. ? rehearse technology and information resources to look and communicate issues in attention Science. Supporting topics ? wariness science approach to problem resolving power MAT540 assimilator variance 1122 (11-29-2011) closing foliate 2 of 19 ? ? ? ? ? ? ? ? ? ? good tryoutple building break-even digest reckoner solution focal point science stamp techniques Business usage of management science techniques worry science pretendings in decision support systems Types of prospect Fundamentals of probability Statistical in dependance and dependence Expected value The normal distri howeverion every week Activities breeding ? Chapter 1, Management Science ? Chapter 11, Probability and Statistics ? revue Syllabus Parts I & II appointments ? perform workweek 1 prove Course reproofs ? ? ? ? sing/ intelligence operation of honor on faculty excogitation, course overview ,and expectations employment scholarly person introductions point out/ backchat on Overview of Management science statist ics and probability e- use Probability in your calling ? Do you use probability in your commerce? More than likely you do. For interrogatoryple, in the heath sphere of influence you could say that 1 in 4 women withstand birth by cesarian (P benting, May 2005).This bureau that the probability of giving birth by c-section is 1/4 = 0. 25 = 25%. confusable probabilities could be found in other professions. use your favorite search engine, find an trial runple of probability universe utilize in your chosen profession. apologise the interrogatoryple and be sure to cite the source of the information understandably. appellation Quiz 1 enthrall take the quiz in the course scurf for Week 1 that covers the stuff in Chapters 1 and 11. This is an open book, erad quiz that pot just be construe at one time with a metre limit of MAT540 disciple edition 1122 (11-29-2011) net scalawag 3 of 19 maven hour.The quiz consists of a gang of true/false, two-fold choice, and pr oblem querys for a conglomeration of twenty drumheads, ten from each chapter. Each interview is worth 2 points. week 2 Course out fill out in concenter ? Analyze decision- fashioning problems electronically. Supporting topics ? Components of decision devising ? Decision making without probabilities ? Decision making with probabilities ? Decision psycho digest with additional information hebdomadally Activities Reading ? Chapter 12, Decision digest grants ? over(p) Week 2 Quiz Course bedevils ? ? Lecture/ intelligence on components of decision making through decision trees. military action Decision Tree o apologize the parts of a decision tree. o What be rough benefits of victimisation decision trees? o In what ways can decision trees be used for business decisions? Name both(prenominal) real-world examples. Lecture/ news on decision making without probabilities decision making with probabilities. exercise Probability and Decisions o How does the science of pro bability affect decisions? why? ? ? appellative Quiz 2 gratify take the quiz in the course shell for Week 2 that covers the hearty in Chapters 11 and 12. This is an open book, clock quiz that can that be taken once with a succession limit of one hour.The quiz consists of a cabal of true/false, multiple choice, and problem questions for a nitty-gritty of twenty questions. Each question is worth 2 points. MAT540 Student meter reading 1122 (11-29-2011) concluding Page 4 of 19 week 3 Course issuance in reduce ? Create statistical analysis of figurer assumption results. ? Use technology and information resources to research issues in Management Science. Supporting topics ? The Monte Carlo process ? Computer simulation with excel spreadsheets ? Simulation of a queuing system ? invariable probability distributions ? Statistical analysis of simulation results ? baulk of the simulation instance ?Areas of simulation application weekly Activities Reading ? Chapter 14, Simulati on ? subsidizations ? Complete Week 3 type Assignment Course Lectures ? ? Lecture/discussion on The Monte Carlo process computer simulation with excel spreadsheets Activity Pseudorandom numbers o why do we use pseudorandom numbers in simulations? o How do pseudorandom numbers affect the accuracy of a simulation? Lecture/discussion on statistical analysis of simulation results verification of the simulation homunculus Activity Simulation o Question for discussion What is the role of statistical analysis in simulation? ? Assignment Assignment 1 JET Copies faux pas worry Read the JET Copies Case bother on pages 678-679 of the text. Using simulation estimate the way out of revenue referable to copier breakdown for one year, as surveys 1. In Excel, use a competent method for generating the number of twenty-four hourss needed to reinstate the copier, when it is out of service, consort to the discrete distribution shown. 2. In Excel, use a suited method for simulating the interval amongst successive MAT540 Student Version 1122 (11-29-2011) Final Page 5 of 19 3. 4. 5. 6. breakdowns, according to the consecutive distribution shown.In Excel, use a fitting method for simulating the lost revenue for each day the copier is out of service. Put all of this unitedly to simulate the lost revenue due to copier breakdowns over 1 year to come the question asked in the boldness study. In a word processing program, write a brief definition/ exposition of how you implemented each component of the work. preserve 1-2 paragraphs for each component of the lesson (days-to-repair interval in the midst of breakdowns lost revenue putting it together). light upnt the question posed in the case study.How surefooted argon you that this answer is a good one? What argon the limits of the study? Write at least(prenominal) one paragraph. there ar two deliverables for this Case hassle, the Excel spreadsheet and the pen explanation/explanation. Please bump bo th(prenominal)(prenominal) of them electronically via the dropbox. The assignment will be ranked using the associated rubric. Outcome Assessed Create statistical analysis of simulation results. Communicate issues in management science judge Rubric for JET Copies Case Problem There ar 12 executable points in each of the atomic number 23 criteria for a original of 60 points possible. unimaginable (0 points) Did non submit or did non copy this component in an with conduct expression 1 development (6 points) This component was computer simulationed, but the method and/or capital punishment had mistakes that affected the rigorousness of the work This component was archetypeed, but the method and/or execution of instrument had mistakes that affected the validity of the model This component was modeled, but the method and/or murder had mistakes that affected the validity of the model Provided partly un enigmatic written rendering that matches the method 70 79% accu racy. equal (9 points) use a method that is recognizably appropriate, but the carrying into action had minor mistakes 3 Exemplary (12 points) utilise an appropriate method and properly implemented it ? ? Criteria 1. Model number of days to repair 2. Model number of weeks in the midst of breakdowns Did non submit or did non model this component in an appropriate manner utilize a method that is recognizably appropriate, but the implementation had minor mistakes Used an appropriate method and decent implemented it 3. Model lost revenue due to breakdowns Did non submit or did non model this component in an appropriate mannerUsed a method that is recognizably appropriate, but the implementation had minor mistakes Used an appropriate method and right(a)ly implemented it 4. Provide written description and explanation of the simulation Did non submit or exposit insufficiently. Omitted key points. Provided sufficiently develop written description that matches the method 80 89% accuracy. Provided sufficiently correct 5. Combine model components to Did not submit or result not provided, Provided partially correct result. Provided full developed written description that is correct and matches the method used with 90 snow% accuracy. Provided full correct result.MAT540 Student Version 1122 (11-29-2011) Final Page 6 of 19 Criteria produce a coherent answer to the question posed in the case study. (a) Answer the question posed in the case study. (b) How confident be you that this answer is a good one? (c) What atomic number 18 the limits of the study? 0 insufferable (0 points) and/or discussed insufficiently. 1 create (6 points) Omitted discussion of authorization. Discussed limitations partially with 70 79% accuracy, logic, and clarity. 2 Competent (9 points) result. identify confidence and discussed limitations sufficiently with 80 89% accuracy, accuracy, logic, and clarity. Exemplary (12 points) Identified confidence and discussed limitations full y with 90 light speed% accuracy, logic, and clarity. WEEK 4 Course outcome in concentrate on ? Apply the most appropriate fortune telling method for the properties of the available data ? Use technology and information resources to research and communicate issues in Management Science. Supporting topics ? Forecasting components ? Time series methods ? Forecast accuracy ? Time series soothsaying ? Regression methods Weekly Activities Reading Chapter 15, Forecasting Assignments ? Complete profit surface area Trip Course Lectures ?Lecture/discussion on Forecasting components measure series methods There are m all ways to forecast the future. In m each firms (especially smaller ones), the entire process is subjective, involving intuition, and years of experience. There are also m either quantitative promise models, such as woful mean(a)s, exponential smoothing, write out projections, and least squares regression analysis. Regardless of the method that is used to make the fo recast, the same eighter boilers suit procedures that succeed are used. Eight Steps to Forecasting MAT540 Student Version 1122 (11-29-2011) Final Page 7 of 19 . Determine the use of the forecast what heading are we trying to obtain? 2. Select the items or quantities that are to be forecasted. 3. Determine the time horizon of the forecast is it 1 to 30 days (short term), 1 month to 1 year (medium term), or more than 1 year (long term)? 4. Select the forecasting model or models. 5. Gather the data needed to make the forecast. 6. authorize the forecasting model. 7. Make the forecast. 8. Implement the results. These steps defer a systematic way of initiating, designing, and implementing a fore-casting system.When the forecasting system is to be used to generate forecasts regularly over time, data essential be self-contained routinely, and the actual computations or procedures used to make the forecast can be done automatically. When a computer system is used, computer forecast ing files and programs are needed. There is seldom a single superior forecasting method. One organization may find regression effective, another firm may use some(prenominal) approaches, and a third may combine both quantitative and subjective techniques. Whatever tool work best for a firm is the one that should be used. Activity Rationale of Forecasting o o ? ? Choose one of the forecasting methods and explain the principle behind using it in real-life. Describe how a domestic fast food chain with plans for expanding into mainland China would be able to use a forecasting model. Lecture/discussion on Forecast accuracy time series forecasting regression methods Activity Forecasting Methods Question for discussion o What is the diversity between a causal model and a time- series model? Give an example of when each would be used. o What are some of the problems and drawbacks of the contemptible average forecasting model? How do you cast how many observations to average in a mo ving average model? How do you reckon the weightings to use in a weighted moving average model? Assignment Assignment 2 network Field Trip 1. Research Research at least six (6) information sources on forecasting methods take MAT540 Student Version 1122 (11-29-2011) Final Page 8 of 19 2. 3. 4. 5. 6. 7. notes and ledger and interpret satisfying facts, important graphics, close sounds and evaluated resource points of view. Preparation lift as storyboard with thumbnails of at least ten (10) slides. entangle the pursual elements o Title of slide, text, background color, arranging & size of it of graphic, fonts color, size, type for text and headings o Hyperlinks (list URLs of any site linked from the slide), narration text, and audio files (if any) o Number on slides gull o arranged sequence to the entry Content Provide written meat with the following elements o introduction that presents the boilersuit topic (clear sense of the projects main idea) and draws the auditory modality into the presentation with compelling questions or by relating to the audiences interests or goals. accurate, current o clear, concise, and shows logical furtherance of ideas and supporting information o motivating questions and mature organizers o rawn mainly from primary sources schoolbook Elements Slides should fork over the following characteristics o fonts are easy-to-read point size that varies appropriately for headings and text o italics, bold, and indentations set up legibility o background and colors deepen the legibility of text o appropriate in duration for the target audience to the point Layout The layout should have the following characteristics o ocularly pleasing o contributes to the overall nub o appropriate use of headings, subheadings and tweed space Media The graphics, sound, and/or life should o serve up in presenting an overall theme and enhance accord of concept, ideas and consanguinitys o have original images that are created using pr oper size and resolution enhance the depicted object o have a consistent ocular theme. Citations The sources of information should o properly cited so that the audience can determine the credibility and authority of the information presented o be properly formatted according to APA behavior The assignment will be graded using the associated rubric. Grading Rubric for Assignment 2 Internet Field Trip There are 8 possible points for each of the 5 criteria, so that the derive number of points is 40 points. Criteria 1. ) Research Showed research of at least six (6) information sources 0 Un unexceptionable (0 points) Did not submit or note tease showed insufficiently blameless research 1 puzzleing (4 points) Note cards showed partially completed research from at least tether (3) information 2 Competent (6 points) Note cards showed sufficiently completed research from at least four (4) or five (5) 3 Exemplary (8 points) Note cards showed fully completed research from at least si x (6) information MAT540 Student Version 1122 (11-29-2011) Final Page 9 of 19 Criteria take notes and record and interpret significant facts, meaningful graphics, accurate sounds and evaluated election points of view. ) Preparation Produced storyboard with thumbnails of 10 slides with these elements (1) Title of slide, text, background color, status & size of graphic, fonts color (2) size, type for text and headings (3) Hyperlinks (list URLs of any site linked from the slide), narration text, and audio files (if any) (4) Number on slides clear (5) Logical sequence to the presentation 2. Content Provided content with (1) attention-getting introduction, (2) content that is accurate and current (3) clear, concise, and shows logical progression of ideas, (4) supporting information motivating questions and advanced organizers, (5) taken from primary sources 3. textbook Elements (1) fonts are easy-toread (2) point size that varies appropriately for headings, and text (3) italics, bold, and indentations enhance legibility, (4) background and colors enhance the readability of text, (5) appropriate in length for the target audience (6) to the point (7) Applied correct spelling, punctuation, grammar, and (8) APA style. 4. Layout The layout 0 unsufferable (0 points) from two (2) or fewer information sources. insufficiently recorded and interpreted facts, graphics, sounds, or did not evaluate alternate points of view. Did not submit or produced insufficiently developed storyboard with thumbnails of one (1) to five (5) slides with one (1) to both (2) required elements. execute with less than 70% accuracy, part, and thoroughness. Developing (4 points) sources recorded and interpreted some pleasant facts, some appropriate graphics, sounds and sufficiently evaluated alternative points of view. Produced partially developed storyboard with thumbnails of at least six (6) or vii (7) slides with trey (3) of the (5) required elements. accomplish with 70 79% accuracy, p ure tone, and thoroughness. 2 Competent (6 points) information sources recorded and interpreted acceptable facts, appropriate graphics, accurate sounds, and sufficiently evaluated alternative points of view. Produced sufficiently developed storyboard with thumbnails of at least eight (8) slides with four (4) of the (5) required elements. Fulfilled with 80 89% accuracy, attribute, and thoroughness. Exemplary (8 points) sources recorded and interpreted significant facts, meaningful graphics, accurate sounds, and fully evaluated alternative points of view. Prepared fully developed storyboard with thumbnails of at least 10 slides with all five (5) required elements. Fulfilled with 90 vitamin C% accuracy, bore, and thoroughness. Did not submit or provided insufficiently developed introduction and content with two (2) or fewer of required elements include. address with less than 70% accuracy, motivation, logic, support, and research. Provided partially developed introduction and cont ent with three (5) of five (5) required elements included. Addressed with 7079% accuracy, motivation, logic, support, and research.Provided sufficiently developed introduction and content with four (4) of five (5) required elements included. Addressed with 8089% accuracy, motivation, logic, support, and research. Provided first-class and fully developed introduction and content with all five (5) required elements included. Addressed with 90-100% accuracy, motivation, logic, support, and research. Did not submit or did not demonstrate acceptable use of the text elements. Issues with text elements prevented effective colloquy of gist. Had 8 + errors in spelling, punctuation, grammar, and APA style. Demonstrated acceptable use of 4 5 text elements. Text elements provided some helpful support to the parley of the message.Had 6 7 errors in spelling, punctuation, grammar, and APA style. Fulfilled with 70 79% quality and accuracy. Demonstrated sufficient use of 6 7 of the text elem ents. Text elements provided sufficient support to the communication of the message. Had no 3 5 errors in spelling, punctuation, grammar, and APA style. Fulfilled with 80 89% quality and accuracy. Demonstrated comminuted use of all 8 text elements. Text elements provided outstanding support to the communication of the message. Had 0 2 errors in spelling, punctuation, grammar, and APA style. Fulfilled with 90 100% quality and accuracy. Did not submit or the The layout of the The layout of the The layout of theMAT540 Student Version 1122 (11-29-2011) Final Page 10 of 19 Criteria of the message demonstrated these characteristics (1) visually pleasing(2) contributed to the overall message had (3) appropriate headings, (4) subheadings, (5) and white space 0 Unacceptable (0 points) layout of the message was not acceptable and did not support communication of the message sufficiently. Layout did not include passable of the five (5) of the layout characteristics. 1 Developing (4 points ) message was acceptable and supported communication of it to some extent. Layout included three (3) of the five (5) of the layout characteristics. Fulfilled with 70 79% quality and accuracy.Provided media that were acceptable and met hardly one (1) of the three (3) characteristics. Fulfilled with 70 79% quality and accuracy. 2 Competent (6 points) message was good and supported communication of it sufficiently. Layout included four (4) of the five (5) of the layout characteristics. Fulfilled with 80 89% quality and accuracy. 3 Exemplary (8 points) message was excellent and supported communication of it very well. Layout included all five (5) of the layout characteristics. Fulfilled with 90 100% quality and accuracy. Provided media that were excellent and met all three (3) of the characteristics. Fulfilled with 90 100% quality and accuracy. 5.Media The media should include these characteristics (1) graphics, sound, and/or animation that assist in presenting an overall theme an d enhance understanding of concept, ideas and relationships (2) have original images graphics are created using proper size and resolution enhance the content (3) have a consistent visual theme. Did not submit or the media used were insufferable and did not meet the requirements. Provided media that were sufficient and met two (2) of the three (3) characteristics. Fulfilled with 80 89% quality and accuracy. WEEK 5 Weekly Activities Reading ? midterm examination exam will cover contents from chapters 1, 11, 12, 14 and 15 Assignments ?Complete Midterm testingination Assignment Midterm mental test Students are to take the Midterm that covers the material in Chapters 1, 11, 12, 14 and 15. The Midterm is located in the course shell under the Week 5 tab. This is an open book, timed exam that can still be taken once with a time limit of four hours. The exam consists of a conspiracy of true/false, multiple choice, and problem questions for a fall of 40 questions. Each question is wort h 5 points. MAT540 Student Version 1122 (11-29-2011) Final Page 11 of 19 WEEK 6 Course outcome in focus ? Solve linear schedule problems. Supporting topics ? Model formulation ? Maximization model ? Graphical solutions of linear computer programme models ? A minimisation model ? Irregular types of linear programme models ?Characteristics of linear programming problems Weekly Activities Reading Chapter 2, running(a) plan Model Formulation and Graphical Solution Assignments ? Complete Week 6 Quiz Course Lectures ? ? Lecture/discussion on Model formulation maximation model Activity Linear programming Model o What are some business uses of a linear programming model? Provide an example. Lecture/discussion on irregular types of linear programming models characteristics of linear programming problems Activity Characteristics of linear programming o In the graphical method, how do you pick out when a problem is infeasible, unbounded, or when it has multiple optimum solutions? o What are the essential ingredients of an LP model?Why is it helpful to understand the characteristics of LP models? Lecture/discussion on Minimization model Activity Minimization model o Distinguish between a minimization and maximization LP model. How do you know which of these to use for any give problem? ? ? ? ? Assignment Quiz 3 Please take the quiz in the course shell for Week 6 that covers the material in Chapter 2. This is an open book, timed quiz that can only be taken once with a time limit of one hour. The quiz consists of a combination of true/false, multiple choice, and problem MAT540 Student Version 1122 (11-29-2011) Final Page 12 of 19 questions for a total of twenty questions.Each question is worth 2 points. WEEK 7 Course outcome in focus ? Create sensitivity analysis on linear programming model parameters. ? Use technology and information resources to research issues in Management Science. Supporting topics ? Computer solution of linear programming problems ? sen sibility analysis Weekly Activities Reading ? Chapter 3, Linear Programming Computer Solution and Sensitivity abstract Assignments ? Complete Week 7 Case assignment Course Lectures ? Lecture/discussion on Computer solution of linear programming problems Sensitivity analysis investigates how our decision might transfer given a change in the problem data.Sensitivity analysis is a vital part of all spreadsheet modeling. In optimization modeling, some of the most valuable insights come not from the optimal solution itself, but from a sensitivity analysis around the optimal solution. As we will see, the special structure of linear programs gives startle to certain characteristic results. Compared to the convergent thinker Sensitivity output, the Sensitivity Report is more precise but less flexible. The Sensitivity Report is more precise than Solver Sensitivity with respect to the question of where the decision variables change or where a shadow price changes. ? Activity intelligenc e on shadow price o What does the shadow price reflect in a maximization problem?Please explain o How do the graphical and computer-based methods of solving LP problems differ? In what ways are they the same? Under what portion would you prefer to use the graphical approach? Lecture/discussion on Sensitivity analysis Activity backchat on sensitivity analysis o How does sensitivity analysis affect the decision making process? How could it be used by managers? ? ? Assignment MAT540 Student Version 1122 (11-29-2011) Final Page 13 of 19 Assignment 3 Case Problem Julias Food Booth Complete the Julias Food Booth case problem on page 109 of the text. Address each of the issues A- D according the instructions given. o (A) Formulate and brighten an L. P. model for this case. (B) Evaluate the prospect of borrowing money forwards the first game. o (C) Evaluate the prospect of remunerative a friend $100/game to assist. o (D) Analyze the jolt of uncertainties on the model. The assignment will be graded using the associated rubric. Outcome Assessed ? Create sensitivity analysis on linear programming model parameters ? Communicate issues in Management Science Grading Rubric for Assignment Assignment 4 Case Problem There are 12 points in each of the five criteria for a total of 60 points possible Criteria 0 Unacceptable (0 points) Did not submit or LP model is not sufficiently begined and does not demonstrate a. recognizable attempt to model this case.Did not submit or did not reckon the linear programming model accurately. Did not submit or did not evaluate accurately. 1 Developing (6 points) LP model is partially correct, but has errors in the documentary component or constraints. set forth with 70 79% accuracy, clarity, and completeness. solve the linear programming model with 70 79% accuracy. Evaluated and explained with 70 79% accuracy. 2 Competent (9 points) LP model has bearing function and most constraints properly specify. Described with 80 89% a ccuracy, clarity, and completeness. Solved the linear programming model with 80 89% accuracy. Evaluated and explained with 80 89% accuracy. Exemplary (12 points) LP model has objective function and all constraints fully and correctly condition. Described with 90 100% accuracy, clarity, and completeness. Solved the linear programming model with 90 100% accuracy. Evaluated and explained with 90 100% accuracy. 1. Formulate an LP model for this case. (Part A). 2. Solve the linear programming model formulated in Criterion 1 (Part A) 3. Evaluate the prospect of borrowing money ahead the first game. (Part B). 4. Evaluate the prospect of paying a friend $100/game to assist. (Part C) 5. Analyze the dissemble of uncertainties in the model. (Part D) Did not submit or did not evaluate accurately.Did not submit or did not analyze accurately. Evaluated and explained with 70 79% accuracy. canvas the impact with 70 79% accuracy, logic, and completeness. Evaluated and explained with 80 8 9% accuracy. Analyzed the impact with 80 89% accuracy, logic, and completeness. Evaluated and explained with 90 100% accuracy. Analyzed the impact with 90 100% accuracy, logic, and completeness. WEEK 8 Course outcome in focus ? Apply linear programming models to project management applications. Supporting topics ? Product mix ? Diet ? enthronement MAT540 Student Version 1122 (11-29-2011) Final Page 14 of 19 ? Marketing ? canaliseation ? Blend ? Multiperiod scheduling ?Data envelopment analysis Weekly Activities Reading ? Chapter 4, Linear Programming Modeling examinationples Assignments ? Complete Week 8 Quiz Course Lectures ? Lecture/discussion on how linear programming is used to solve various types of models. The types of examples are product mix examples, provender examples, investment examples, marketing examples, transportation examples, blend examples, multiperiod scheduling examples, and data envelopment analysis examples. Activity word on objective function o What i s the relationship between decision variables and the objective function? o What is the difference between an objective function and a constraint?Lecture/discussion on how we follow the same procedure identify the decision variables, determine the objective function, and develop the model constraints. Activity Discussion on applications of linear programming o Does the linear programming approach apply the same way in different applications? relieve why or why not using examples. ? ? ? Assignment Quiz 4 Students are to take the quiz in the course shell for Week 8 that covers the material in Chapter 4. This is an open book, timed quiz that can only be taken once with a time limit of one hour. The quiz consists of a combination of true/false, multiple choice, and problem questions for a total of twenty questions. Each question is worth 2 points.WEEK 9 Course outcome in focus ? Solve whole number programming problems. Supporting topics ? whole number programming (ip) models ? Integer programming graphical solution MAT540 Student Version 1122 (11-29-2011) Final Page 15 of 19 ? Computer solution of integer programming problems Weekly Activities Reading ? Chapter 5, Integer Programming. Assignments ? Complete Week 9 Quiz Course Lectures ? Lecture/discussion on the three introductory types of integer linear programming models. In a total integer model, all of the decision variables are required to have integer solution value. In a zero-one integer model, all the decision variables mustiness have values of zero or one.In a mixed integer model, some, but not all, of the decision variables are required to have integer solutions. Activity Discussion on the difference between integer and linear programming o Explain how the applications of Integer programming differ from those of linear programming. o Why is rounding-down an LP solution a suboptimal way to solve Integer programming problems? ? Lecture/discussion on how to solve these different models, certain constra ints must be specified as part of the model. For a total integer model, all decision variables must be designated as integer. For a zero-one integer model, the decision variables must be designated as integers, with the only possible values being zero and one.Finally, for a mixed integer model, only those decision variables that must be integers are designated as integer values. The other decision variables can be designated as real, or non-integer, values. ? Activity discussion on characteristics of integer programming problems o Explain the characteristics of integer programming problems. o Give specific instances in which you would use an integer programming model rather than an LP model. Provide real-world examples. Assignment Quiz 5 Students are to take the quiz in the course shell for Week 9 that covers the material in Chapter 9. This is an open book, timed quiz that can only be taken once with a time limit of one hour.The quiz consists of a combination of true/false, multipl e choice, and problem questions for a total of twenty questions. Each question is worth 2 points. Online students are to complete the quiz by sunlight Midnight of Week 9. On-campus students are to complete this quiz before the Week 10 class meeting. WEEK 10 MAT540 Student Version 1122 (11-29-2011) Final Page 16 of 19 ? Course outcome in focus ? Develop solutions for transshipment problems. ? Use technology and information resources to research issues in Management Science. Supporting topics ? The transportation model ? Computer solution of a transportation problem ? The transshipment model ? Computer solution of a transshipment problem ? The assignment model Weekly Activities Reading ?Chapter 6, Transportation, Transshipment, and Assignment Problems Assignments ? Complete Week 10 Case Assignment Course Lectures ? Lecture/discussion on transshipment models being an extension of the transportation model where intermediate points, know as transshipment points, are added between sourc es and destinations. Activity Discussion on transshipment problems o Can we apply transshipment models to scrutinise applications? Why or why not? o Is the transportation model an example of decision making under certainty or decision making under uncertainty? Why? Lecture/discussion on assignment problem being a special form of a linear programming model in which all supply and assume values equal one.Activity Discussion on transportation problems o o Assignment Assignment 4 Case Problem Stateline Shipping and Transport familiarity Read the Stateline Shipping and Transport Company Case Problem on pages 273-274 of the text. Analyze this case, as follows 1. In Excel, or other suitable program, develop a model for shipping the waste instantly from the 6 plants to the 3 waste disposal sites. MAT540 Student Version 1122 (11-29-2011) Final Page 17 of 19 Explain the assignment model and how it facilitates in solving transportation problems. What benefits would be gained from using t his model? ? ? ? 2. Solve the model you developed in 1 (above) and clearly describe the results. 3.In Excel, or other suitable program, Develop a transshipment model in which each of the plants and disposal sites can be used as intermediate points. 4. Solve the model you developed in 3 (above) and clearly describe the results. 5. present the results and draw conclusions that address the question posed in the case problem. What are the limits of the study? Write at least one paragraph. There are two deliverables for this Case Problem, the Excel spreadsheets and an accompanying written description/explanation. Please submit both of them electronically via the dropbox. The assignment will be graded using the associated rubric. Outcome Assessed ? Develop solutions for transshipment problems. Communicate issues in Management Science Grading Rubric for Stateline Shipping & Transport Case Problem There are 12 points in each of the five criteria for a total of 60 points possible 0 Unaccept able (0 points) Did not submit or the objective function and/or constraints are specified with less than 70% accuracy. Criteria 1 Developing (6 points) The objective function and constraints are specified and described with 70 79% accuracy. The model is resolved, but its validity is questionable or it is falsely described. The objective function and constraints are specified and described with 70 79% accuracy. The model is solved, but its validity is questionable or it is incorrectly described. There are errors in interpreting the results or inappropriate conclusions are drawn or this is not clearly communicated. 2 Competent (9 points)The objective function and most or all constraints are specified correctly and adequately described. The model is solved and the results are more often than not valid and broadly correctly described. The objective function and most or all constraints are specified correctly and adequately described. The model is solved and the results are mostly v alid and mostly correctly described. Results are interpreted in a mostly correct manner conclusions drawn are mostly appropriate and communicated in a mostly clear manner. 3 Exemplary (12 points) The objective function and all constraints are specified correctly in the model and clearly described The model is solved and the results are valid and correctly described.The objective function and all constraints are specified correctly in the model and clearly described The model is solved and the results are valid and correctly described. Results are correctly interpreted appropriate conclusions are drawn and communicated clearly. 1. Develop a transportation model for shipping from the 6 plants at one time to the 3 disposal sites. Describe and implement the model. 2. Solve the model given in 1 and describe the results. Did not solve the model or adequately describe the results. 3. Develop a transshipment model in which each of the plants and disposal sites can be used as intermediate p oints. 4. Solve the model given in 3 and describe the results. Did not submit or the objective function and/or constraints are specified with less than 70% accuracy.Did not solve the model or adequately describe the results. 5. Interpret the models and draw conclusions Did not complete the assignment or interpretation and/or conclusions drawn are incapacitate and/or not intelligibly communicated. WEEK 11 Weekly Activities Reading ? Final exam will cover contents from chapters 1, 2, 3, 4, 5, 6, 11, 12, 14 and 15 MAT540 Student Version 1122 (11-29-2011) Final Page 18 of 19 Assignments ? Complete Final Examination Assignment Final Exam Students are to take the Final Exam that covers the material in Chapters 1, 2, 3, 4, 5, 6, 11, 12, 14 and 15. The Final exam is located in the course shell under the Week 11 tab.This is an open book, timed exam that can only be taken once with a time limit of four hours. The exam consists of a combination of true/false, multiple choice, and problem ques tions for a total of 40 questions. Each question is worth 5 points. ASSIGNMENT OUTLINE AND grading Assignment Type Discussions = 9 x 20 points = 180 points 18% Case Assignments = 3 x 60 = 180 points 18% Quizzes = 5 x 40 = 200 points 20% Midterm Exam = 1 x 200 = 200 points 20% Internet Field Trip = 1 x 40 = 40 points 4% Final Exam = 1 x 200 = 200 points 20% Value Grading Scale 90-100 80-89 70-79 Below 70 A B C F MAT540 Student Version 1122 (11-29-2011) Final Page 19 of 19