Spreadsheet Decision Modeling Discussion

Description

Word Format only

NO Matching or Plagiarism ratio

Use proper referencing (APA style) to reference

The book

Powell, S. G., & Baker, K. R. (2014). Management science: The art of modeling with spreadsheets (4th ed.).Wiley.

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No.	Course Learning Outcomes (CLOs)	Question Number
CLO1	Find some structured ways of dealing with complex managerial decision problems.	Question 2
CLO2	Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.	Question 1
CLO3	Demonstrate the tools for deciding when and which decision models to use for specific problems.	Question 3
CLO4	Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.	Question 4 and 5

Assignment Questions:

Read the attached article and answer the following Questions:

1. Explain the objective of this study according to your understanding (150-200 Words)

2. Why decision-making process is one of the most important issues in the area of management science? (150-200 Words)

3. What is the role of intuition in the managerial decision making? (150-200 Words)

4. What is the difference in rational and intuitive decision making style? (150-200 Words)

5. How this study is helpful for you in understanding the decision making process? (150-200 words)

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