Decision Science for Business

BUSI 508 MIDTERM mental testen PREPARATION General Information Exam counts as 20% of your boilers suit grade Exams ar 100% individual effortdiscussions among classmates are prohibited. exclusively reference materials (books, nones, and so forth ) shall be closed while taking the exam There are 48 multiple choice questions (General Knowledge) 33 questions which give test your basic experience of history, importance of operations research/ counselling science techniques, model terminology, etc. These questions are deserving 1 lead apiece (Applications) 15 questions that will require you to analyze screen shots/ prowess from Microsoft Excel and interpret information regarding an applied problem. These problems will be actually similar to the work you have done on the Excel Exercises and Cases provided will not require you to actually use Excel, simply be able to interpret information from the screen shots/graphics. Most of the applied-type problems will be worth 2 poin ts, though some are only worth 1 point depending on the level of difficulty Once the availableness period opens, you will have 2 hours to complete the exam.Your clock starts as soon as you open the exam so you must defer the exam within 2 hours of opening it Content General knowledge on the background of operations research/management science quantify of operations research/management science Modeling basics (types, applications, etc. ) Linear programming/Integer Linear Programming basics (difference surrounded by the two, building an LP/ILP model, integration of the model into Excel, optimal solution, feasible region, establishing constraints, bounded/ unfathomable solutions, sensitivity analysis) Network Modeling basics (the Transshipment Problem, nomenclature associated with the visual mesh model, establishing the model, basic forms of constraints depending on the type of problem How to Prepare (**Suggestions**) 1. The readings from the textbook are imperative Simply us ing the notes that have been provided in the course is not sufficient this exam assumes you have completed and have a comforting comprehension of the assigned readings from the textbook. . This exam assumes you are capable of developing and rendering Linear/Integer Linear Programming models, sensitivity analysis (as it applies), and meshing models (both the development of the model and understanding the graphic representation of the model wake the nodes and arcs). If you have successfully completed the Excel Exercises and Case problems, you should be adequately prepared for the applied portion of the exam.