Test Bank for Practical Management Science, 5th Edition

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  • ISBN-10 ‏ : ‎ 1305250907
  • ISBN-13 ‏ : ‎ 978-1305250901
  • Author: Wayne L. Winston

Geared entirely to Excel 2013, PRACTICAL MANAGEMENT SCIENCE uses an active-learning approach and realistic problems to help you take full advantage of the power of spreadsheet modeling. The text presents just the right amount of theory to ensure you understand the foundation of the topic, followed by exercises that give you practical, hands-on experience with the methodologies. Drawing examples and problems from finance, marketing, operations management, and other areas, the text illustrates how management science applies to your chosen profession–and how you can use it on the job. The authors emphasize modeling over algebraic formulations and memorization of particular models. The text includes access to Palisade DecisionTools Suite (BigPicture, @RISK, PrecisionTree, StatTools, TopRank, NeuralTools, and Evolver) as well as SolverTable, which allows you to do sensitivity analysis on optimization models.

Table Of Contents:

  1. Contents
  2. Preface
  3. Ch 1: Introduction to Modeling
  4. 1.1 Introduction
  5. 1.2 A Capital Budgeting Example
  6. 1.3 Modeling versus Models
  7. 1.4 A Seven-Step Modeling Process
  8. 1.5 A Great Source for Management Science Applications: Interfaces
  9. 1.6 Why Study Management Science?
  10. 1.7 Software Included with This Book
  11. 1.8 Conclusion
  12. Ch 2: Introduction to Spreadsheet Modeling
  13. 2.1 Introduction
  14. 2.2 Basic Spreadsheet Modeling: Concepts and Best Practices
  15. 2.3 Cost Projections
  16. 2.4 Breakeven Analysis
  17. 2.5 Ordering with Quantity Discounts and Demand Uncertainty
  18. 2.6 Estimating the Relationship between Price and Demand
  19. 2.7 Decisions Involving the Time Value of Money
  20. 2.8 Conclusion
  21. Appendix Tips for Editing and Documenting Spreadsheets
  22. Case 2.1: Project Selection at Ewing Natural Gas
  23. Case 2.2: New Product Introduction at eTech.

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