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Learning Goal: I’m working on a business multi-part question and need an explanation and answer to help me learn.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted. Peer-Reviewed Journals are required as references.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
This Assignment comprise of Discussion Questions.
Assignment Purposes/Learning Outcomes:
After completion of Assignment-2 students will able to understand the
1. Find some structured ways of dealing with complex managerial decision problems. (L.O-1.1)
2. Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems. (L.O-1.3)
3.Demonstrate the tools for deciding when and which decision models to use for specific problems. (L.O-2.1)
4.Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis. (L.O-3.1)
Question(s): (15 Marks)
1.Discuss with examples why short term forecasting is used in some situations with different variables. (3 Marks) 200 word
2.How Layout helps in Spreadsheet. Discuss “Hill Climbing” with examples. (3 Marks) 200 words
3.Discuss Linear and Nonlinear optimization solver and how results will be interpreted through optimal solution. (3 Marks) 200 words
4.What are the various properties of linear function? Discuss on linear programming problems? (3 Marks) 200 words
5.Discuss how sensitivity analysis is used in linear programs? (3 Marks) 200 words