9- Interactive Learning activity
9.1 Learning Outcomes:
- Find some structured ways of dealing with complex managerial decision problems.
- Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
- Demonstrate the tools for deciding when and which decision models to use for specific problems.
- Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
9.2 Action Required:
Read the following chapter of your Textbook.
Chapter 11: Integer Optimization
9.3 Test your Knowledge (Question):
- Explain the Capital Budgeting Problem
- Describe the Set Covering Problem.
9.4 Instructions
- Answer both questions in test your knowledge section.
- Post your answer in the discussion board using the discussion link below.