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7.1 Learning Outcomes:
Find some structured ways of dealing with complex man
7.1 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.
7.2 Action Required:
Read the following chapter of your Textbook.
Chapter 8: Non-Linear Optimization
7.3 Test your Knowledge (Question):
Explain the various types of constraints.
Describe the Portfolio Optimization Model.
7.4 Instructions Answer both questions in test your knowledge section
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