The following course contents are created to assist your learning of COB291, Management Science. The materials include most of the lecture notes, stream videos for most of the topics, audio recordings and mp3 files for some of the contents as well.:
This list has the course materials for Introduction to Management Science Course, most in either pdf or video format. Here is the link for most of solutions of HW problems.
video | Content Title and Web Link | Author | Descriptioin | |
v | JMU Blackboard Acces | Ping Wang | How to access JMU Blackboard. Due to system upgrades, some of the contents may be out of date. | |
v | Course Syllabus & Video | Ping Wang | COB 291 Course | |
v | Goal and Analytic skills (4 mins) | Ping Wang | Show the opportunity cost to delay graduate for one more semester | |
Excel Skills | ||||
v | Excel Tutorials | Ping Wang | How to use Excel Frequency, RN, Bar Chart, Line Chart, Scatter Plot, Histogram, Polygon, Pareto Diagram | |
v | Tableau and Graphs | Snarrinstitute | Use Excel to create tables and graphs. | |
v | Basic Excel skills | robertbobm | Basic Excel skills and use of Excel formulas | |
v | Atomic Learning | JMU | Many short videos for basic use of Excel | |
v | Chapter 1 (5 mins) | Ping Wang | Ragsdale text Introduction to Management Science and Business Analytics | |
Breakeven analysis: | ||||
v | Breakeven Part S Step 1 | Ping Wang | Breakeven analysis: basic procedure and set up Excel to find out the units to make | |
v | Two Breakeven Part S Step 2 | Ping Wang | Breakeven analysis: Goal seek, one and two way tables, line charts | |
Breakeven Analysis PQ Problem | Ping Wang | Screen shots of One and Two Way Tables, Goal Seek and Line Chart | ||
Part S Breakeven on One page and Excel formulas. | Ping Wang | Print the Breakeven analysis results on One page and another page for formula views | ||
v | Basic Breakeven concepts (6 mins) | Cameron | ||
v | Basic Breakeven concepts(2.5 mins) | About.com | ||
v | Excel Goal Seeks (4 mins) | Danny Rocks | Breakeven by with four scenarios | |
v | Scenario analysis (4 mins) | Plumsolution.com, | very brief | |
v | Excel Data Table(5 mins) and Chart 3 (mins) | IntroToOM | for Breakeven analysis | |
links | probability and statistics for business | useful web links | ||
Probability Reviews: | ||||
Worryson P-Review: answers | Ping Wang | Solutions for Worryson example as review of concepts of prior, conditional, joint, and posterior probabilities | ||
DecisionNoteT1F08.pdf | Ping Wang | Detailed answers for Decision Analysis portion on Test 1 in Fall 2008. Example of Buyers vs. Identified Buyers and compute posterior probabilities, and so on, and the ice cream example for Decision Tree portion | ||
v | DukeFun: P-Review (5 mins) | Ping Wang | Use DukeFun example from Test 1 F08 to briefly review concepts of prior, conditional, joint and posterior probabilities. Here is the DecisionNoteT1F08.pdf handwritten class notes | |
v | DukeFun: P-Review (17 mins) | Ping Wang | The same DukeFun example, just in more details and notes in typed format. DecisionNotesT1F08Long.pdf -- a longer version of T1F08 Ice Cream example | |
Test 1 in Summer 2008 | Ping Wang | Detailed solution for Decision Analysis Portion of the Test | ||
DecisionNotesF08T1Long.pdf | Ping Wang | Detailed answers for Fall 08 Test with an example of a vendor faced decision to sell either ice cream or soft drinks on Game days. | ||
v | Basic Probabilities in Lecture 1 | Snarrinstitute | basic probability concepts from Snarrinstitute website. | |
v | Basic Probabilities in lecture 2 | Snarrinstitute | basic probability concepts from Snarrinstitute website. | |
Decision Analysis: | ||||
Excel | treeplan.xla or current version | This link has the current version of the Excel@ add ins for drawing Decision Trees with PCs and MACs. 30 days free trial. | ||
v | Excel for DecisionTree (10mins) | Ping Wang | Use Treeplan.xla to draw Decision Trees in Excel | |
v | DecisionSA.html (11:39 min) | Ping Wang | Use Excel@ Data/What If/Data Table for Sensitivity Analysis in Decision Analysis. It also shows the use of Payoff Tables. | |
v | install, one way Table/chart, EMV, EVwPI, EVwSI (10 mins) | Ping Wang | Install treeplan.xla (PC version), prepare and do One-way Table/draw line chart, simple EMV tree, EVwPI tree, and EVwSI tree | |
v | Treeplan installation (3.45mins) | How to install treeplan | ||
v | Decision tree (7 mins) | MBABullShitDotCom | How to manually draw decision tree | |
v | DecisionT1F08 (37 mins) | Ping Wang | Second part of DecisionNotesT1F08.pdf. These two videos show how to compute MV, EVwPI, EVwoPI, EVPI, EVwSI, EVwoSI, EVSI, and Efficiency using the ice cream versus soft drinks example. | |
LectureDecisionhandout | Ping Wang | Examples of the airport land purchase, Colonial Motors, Grant Proposal , IPod and Cancer. The documents also show the concepts of EVwoPI, EVPI, EVwSI, EVwoSI, EVSI, Efficiency, Payoff tables, Decision Trees, Excel@ Data/What If/Data Table in sensitivity analysis. LectureDecison.xlsx. shows how to compute posterior probabilities, MaxiMAX, MiniMAX, MaxiMIN, EMV, EVwPI, and so on. | ||
Excel | LectureDecison.xlsx | Ping Wang | Most of the Excel worksheets for Probability and Decision analysis |
video | Content Title and Web Link | Author | Descriptioin | ||
PremSolv for Windows | Use "for Education" when download | ||||
PremSolv PC and Mac | Current versions for both PC and Mac | ||||
v | Algebra Review (30 mins) | Ping Wang | Simple MAX and MIN LP Graphic Solutions with pdf Algebra reviews & LP Graphic | ||
Algebra reviews & LP Graphic | Ping Wang | Review for algebra and LP graphic solutions and Video Algebra Review (30 mins) | |||
v | LP graphic solution (26 mins) | Ping Wang | Min and Max and Excel Solver for pdf LP Graphic solution & use of Solver. | ||
v | LP Graphics.html (60 mins) | Ping Wang | LP Graphic Solutions and use of Excel Solver, the longer version of LP Graphic & Solver. | ||
LP Graphic & Solver | Ping Wang | Max: 50X+40Y, Min:10X + 20Y, LP graphic solution and screen shots of use of Excel Solver and its video LP graphic solution (26 mins), and the one LP Graphics.html (60 mins) | |||
SA Min(Max) 50X+40Y+ 35Z | Ping Wang | SA summary for Min (Max) 50X+40Y+35Z of lecture for sensitivity analysis with Solver Answer and Sensitivity Reports | |||
LP SA Notes (16 pages) | Ping Wang | The typed ppt for detailed LP SA go with the videos below | |||
v | LPSA.pptx(2).html (50 mins) | Ping Wang | Lectures with LP SA Notes to cover LP SA | ||
v |
LPSALecture2.html (48 mins) | Ping Wang | Might be the same lectures with LP SA Notes to cover LP SA, different class | ||
LP Graphics -10X+20Y & SA notes | Ping Wang | Min: -10X + 20Y, *** very detailed handwritten lecture notes, concise and complete for LP Graphics and SA | |||
LP Graphics 50X + 40Y | Ping Wang | Max: 50X + 40Y, One page handwritten lecture notes. | |||
LP sensitivity analysis | Ping Wang | Max: 50X + 40Y, SA, and Screen shots of using Solver | |||
LP model Blending (Ore) | Ping Wang | Min 90 R1 + 120 R2 the example from the Text | |||
LP Applications | Ping Wang | Potential business applications for LP modeling, optimization, and analytics | |||
v | Sensitivity analysis by Martin, | ||||
v | LP solution MyTutorZone | In Excel | |||
v | Use of Solve Part I | Tallys Yunes | in Excel | ||
v | Use of Solver Part II | Tallys Yunes | in Excel | ||
v | LP Word problems vy PatrickJMT | PatrickJMT | |||
v | LP Graphcs | ||||
v | minimize y = 4x + 2y, | ||||
v | LP Formulation by KornCast | teachertubemath | |||
v | LP graphic solution by Preston | Preston | |||
v | Inventory and Cash Flow (67mins) | Ping Wang | Formulating LP inventory and cash flow problem | ||
LP Model Notes updated
Part I and
Part II LP modeling lecture notes (This is part of Parts I and II above) |
Ping Wang | Class notes for LP formulations for Product Mix with additional constraints, Make or Buy, Investment, Transportation, Blending, Multi period production and inventory planning (all in Part I), and multi period cash flow (Part II) problems. Some of the Excel Solver solutions are also included. | |||
mp3 | LP formulation lectures | Ping Wang | mp3 audio for LP formulations with the lectures of LP modeling lecture notes | ||
Integer LP | Ping Wang | *** Class notes for ILP formulation include: Product mix, Employee scheduling, Capital budgeting problems. | |||
v | ILP.html (70 mins) | Ping Wang | Video from classes for ILP formulation include: Product mix, Employee scheduling, Capital budgeting problems. | ||
docx | LP SA Lecture Example | Ping Wang | LP sensitivity analysis lecture notes MAX: 50X + 40Y | ||
Mutiperiod cash flow | Grayson | ||||
Mutiperiod cash flow | slideserve | ||||
Queuing or Waiting Line Analysis: | |||||
v | Queue lecture | Ping Wang | JMU Bookstore pages 73 - 79 as in JMU Bookstore or LectureQueue.pdf | ||
QueueSummary | Ping Wang | two pages to summarize major concepts in queuing models: Arrival/Serivce/Servers. | |||
JMU Bookstore, | Ping Wang | LectureQueue.pdf JMU Bookstore, 75-79 are for s >=2. | |||
xlsx | Queue.xlsx | Ping Wang | examples used in classes. | ||
xlsx | Q.xls | Excel template for M/M/s, G/G/s and other models ---- the Excel Add-ins for solving Queuing or waiting line applications | |||
msPack5QueueF8T2 | and add some details in lecture | ||||
v | LectureQueueT2F08.htm (40 mins) | video JMU Health Center from LectureQueueT2F08.pdf to cover POISSION and EXPONENTIAL distributions, and M/M/1 and M/M/s queuing models. | |||
QueuingHandout.pdf | questions in JMU Bookstore example, but no answers. | ||||
v | Queue.html (65 mins) | is the video made during class with QueuingHandout.pdf and LectureQueue.pdf, to.cover the same contents as LectureQueueT2F08.htm with different examples or applications, except, queue.html also covers M/G/s queue at the very end. | |||
v | Yourtube videos on queueing models: by IIT basic intro, single server queue, multiple server queue, | ||||
Simulation | |||||
Visio-SIMChart.pdf |
one page summary |
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v | SIM.htm (31 mins): | SIM Lecture.pdf. | |||
xls | simlec.xls | short examples to use =VLOOKUP(), =NORMINV(), =IF(), =MIN(), =MAX(), =AVERAGE(), =COUNTIF() and MonteCarlito. | |||
SIM Lecture.pdf 29 pages | business logics, inventory and queuing. | ||||
Simulation models: | detailed examples and answers in inventory and queuing. | ||||
v | sim2.html (59 mins) | video of class in fall 08, based on Simulation models. Simulation lecture recording at http://cob.jmu.edu/wangpx/kj/cob291vd/sim2/sim2.html | |||
xls | LectureSIM.xlsx | examples used in lecture SIM Lecture.pdf and Simulation models | |||
Simulation Handout: | abbreviated version of Simulation models | ||||
Two mp3 files are on Blackboard/Course Documents/Lecture Notes/Simulation. | |||||
Required Supplemental readings | Covered simulations of inventory and waiting lines | ||||
xls |
MonteCarlito_v1_05.xls or Newer version |
at http://www.montecarlito.com/---- Excel Add-ins to computer the grand mean and standard error, and proportion in simulations. You may google to find whether there is a MAC version or it may work just fine on MAC. Let me know please. | |||
v | Yourtube videos | on simulation: by NTSA intro modeling and simulation, | |||
Regression in Forecasting: Please note, some of the materials may not be covered in your class, so you may omit them. | |||||
v | Advertising expenditure and sales example | http://cob.jmu.edu/wangpx/kj/cob291vd/Regression.swf. Advertising expenditure and sales example for using regression | |||
v | Using Excel =Trend() for one and two variables forecasting | http://cob.jmu.edu/wangpx/kj/cob291vd/RegTrend.swf. Use Excel Trend () and b0+b1*adv for one independent variable only, and use Trend () and b0+b1*adv+b2*month for more than one variables to forecas | |||
v | Excel for Regression | Use Excel b0+b1*month +b2*adv to forecast at http://cob.jmu.edu/wangpx/kj/cob291vd/RegTrend2.swf. | |||
mps audio for Regression is also available on Blackboard/Course Documents/Lecture Notes/Regression/Regression Lecture | |||||
LectureRegression.pdf | regression, linear models, equations, hypothesis test for slope and intercept with p-values, confidence intervals, and select right models in multiple regression application | ||||
v | Regression.swf (10 mins) | use Data/Data analysis/Regression to get Summary Output tables | |||
xls | LectureRegression.xls | RegT1P1F08xls Using Excel for Regression, sample test Fall 2008 | |||
RegressionNotesSpr09.pdf | hand written regression lecture with car sales versus week and interest rates | ||||
v | RegTrend2.swf (3 mins) | use Excel@ for more of regression, including more on =TREND() | |||
Regression 2 | |||||
v | Simple regression lecture 1, lecture 2, lecture 3 (r2), lecture 4 (sy), Hypothesis test for regression , multiple regression 1, spec, estimate, more, Excel output, Hy test, normality, significance by Snarrinstitute | ||||
v | Regression in Excel by Snarrinstitute: lecture 1/7. lecture 2/7, lecture 3/7, lecture 4/7, lecture 5/7 test normality, lecture 6/7 test autocorrelation, lecture 7/7 hypothesis test, | ||||
Forecasting | |||||
v |
Exponential Forecasting with Excel Solver |
http://cob.jmu.edu/wangpx/kj/cob291vd//EXPwSolver.swf using Excel to so Exponential smoothing | |||
v | Forecasting Methods | http://cob.jmu.edu/wangpx/kj/cob291vd/Fcst1.swf. using Excel to do moving average and other simple forecasting | |||
v | Weighted Moving Average | http://cob.jmu.edu/wangpx/kj/cob291vd/WMAwSolver.swf using Excel to do weighted moving average | |||
mp3 file go with forecasting lecture notes also on Blackboard/Course Documents/Lecture Notes/Forecasting. | |||||
FcstLecture.pdf | page 1 of the 19 pages - lecture summary of forecasting | ||||
v | Fcst1.swf (12 mins) | to cover ExcelTutor291.xls: Forecast, Regression and Use of Solver | |||
xls | ExcelTutor291.xls | Excel tutorial for using SMA, WMA, EXP, =SUMPRODUCT(), =AVERAGE(), =STDEV(), and =COUNT() | |||
xls | Forecast 1 Problems / xls /answers | first part of FcstNotesSpr09.pdf. | |||
v | WMAwSolver.swf (3 mins) |
to find optimal weights with Excel Solver =SUMPRODUCT() for WMA, =SUMXMY2()/COUNT() for MSE |
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Forecast 2 Problem | second part of FcstNotesSpr09.pdf. | ||||
v | EXPwSolver.swf (3 mins) |
to use Excel@ to find optimal alpha (α) =SUMXMY2()/COUNT() for MSE |
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FcstNotesSpr09.pdf | Cars sold in T1F08 and Speeding Tickets in T1Sum08 with hand written and Excel solutions | ||||
FcstLecture.pdf - |
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