BUS-2501 Final: Prod. and Op.'s Final Exam Review

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Be able to use lp to formulate the problem. Be able to use a given empty worksheet to build excel model. be able to draw a decision tree (decision nodes, chance nodes, payoffs) . understand and know how to calculate expected values. understand gantt charts and be able to draw a gantt chart and determine how long a project can be complete. understand and be able to draw a precedence network diagram. determine critical path and project duration time using es, ef, ls, and lf. forecasting: long term, intermediate term and short term. Judgemental: sales estimate, executive opinion, market research, and delphi method. Time series: (understand model and know how to choose an appropriate forecasting model) Tracking signal: understand how to test a forecasting model. understand basic eoq model, eoq with quantity discount model, and epq model: basic eoq, basic assumptions, objective, optimal order quantity q0.