14 Jan Which method lends itself
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 1 Discussion
DQ1 DECISION TREES
Decision trees are graphic displays of the decision process. When do you feel it is appropriate to use decision trees? For simple decisions? Complex decisions? Why?
DQ2 EXPECTED VALUE
How does the EV differ from the real value?
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 2 Discussion
DQ1 TIME-SERIES ANALYSIS
Discuss the advantages and disadvantages of two time-series analyses discussed in the text. Present examples of where the advantage and disadvantage might occur in your workplace. What role does time series play in OM supply chain management?
DQ2 LINEAR REGRESSION INTRODUCTION
In your own words, what is the difference between linear regression and time-series forecasting?
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 3 Discussion
DQ1 LINEAR REGRESSION ANALYSIS
What is associative forecasting. Why do we use regression analysis in associative forecasting?
DQ2 CORRELATION ANALYSIS
What impact does regression have on correlation analysis? Explain the two ways correlation can be displayed mathematically. Does one way have an advantage over the other? Explain your thinking.
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 4 Discussion
DQ1 BREAK-EVEN ANALYSIS
What is a break-even analysis, and why do we need it?
DQ2 TIME VALUE OF MONEY
What do we mean by time value of money? What does it provide in operations?
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 5 Discussion
DQ1 WAITING-LINE MODELS
Is the use of waiting-line models more important in service industries than product manufacturing?
DQ2 LINEAR PROGRAMMING
Linear programming is a widely used mathematical technique designed to help operations managers plan and make decisions. Why is LP so important in decision making?
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 6 Discussion
DQ1 GRAPHICAL METHOD IN LINEAR PROGRAMMING
Graphical solutions in LP have a limited number of decision variables. What is the maximum number?
What is the solution that the graphical method presents to the operations manager?
DQ2 SIMPLEX METHOD IN LINEAR PROGRAMMING
What is the simplex method in LP?
How does it differ from the graphical method?
Which method lends itself to computer solutions?
GSCM209 The Supply Chain Management Decision Support Tools and Applications
Week 7 Discussion
DQ1 CRITICAL PATH METHOD
What is CPM? What circumstances led DuPont to develop this tool? Who typically uses this tool today? Why would a company use CPM?
DQ2 PROGRAM-EVALUATION-REVIEW TECHNIQUE
What is PERT? What circumstances led the Navy to develop this tool? Who typically uses this tool today?
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