Decision Analysis (75-150 Words) Due: 10 Jan 2016
Select an organization you have worked for or any organization of interest and discuss how decision analysis could be used to solve a business problem.
Describe a decision tree and discuss how such a tool can be utilized to improve decision making.
Assignment 2: Due 12 Jan 2016
Answer the following questions in 1 to 2 pages
1.What benefit does a variable provide when developing and examining models?
2.Explain the purpose of simple linear regression and scatter diagrams. Please provide a simple linear regression model and define each variable used.
3.Describe multiple regression analysis and discuss potential uses for this model
Forecasting (75-150 Words) Due 17 Jan 2016
Discuss the different types of forecasts to include time-series, causal, and qualitative models.
When might a researcher or project manager utilize exponential smoothing?
What benefit does a Delphi technique provide when working with qualitative-based decision making?
Assignment 3: Due 19 Jan 2016
Answer the following questions in 1 to 2 pages
1.Discuss the importance of inventory control with respect to supply and demand.
2.What benefit can tools such as ABC analysis and just-in-time controls provide for an organization?
3.How can an enterprise resource planning system assist a firm with improving its business operations?
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