Quantitative analysis for decision making class

Assignment Help Operation Management
Reference no: EM132017

Quantitative Analysis for decision making class

1- linear regression is great tool for use in statistics and most research applications. Several companies use it to develop forecasting models and to optimize resource utilization. Thus, using it in the logistics and supply chain is more difficult because of many variables, such as labor, demand, multiple suppliers,inventory, etc. How do you evaluate which variables are more important for your forecasting model and how do you know that your forecast is accurate?

2- outliers will help researchers to determine the cause of the faulty measurements (process or measurement tool failure). Based on the grouping of outliers, researchers will deduce if the results are "false positives" or if the error is part of the process setup. what are some of the possible consequences of considering that outliers are "false" positives? How will you reduce number of outliers in your study?

Reference no: EM132017

Questions Cloud

Prepare shipman enquiry report : Prepare Shipman Enquiry report
Analysis of trips consistency : Analysis of TRIPS consistency, based upon the current law and proposed legislation
Particular process in any organization : Write a two page summary on a particular process in any organization.
Economic costs and benefits for project : Economic costs and benefits for project
Quantitative analysis for decision making class : Quantitative Analysis for decision making class
Design for storing the maze layout : Design and implement a C++ program for maze layout
Create a database using oracle packaged procedure : Create a database using Oracle packaged procedure
Quantitative analysis for decision making class : Quantitative analysis for decision making class
Review the country political economy : Political Economy and Foreign Direct Investment - Review the country's political economy


Write a Review


Operation Management Questions & Answers

  Stochastic dynamic programming problem

Determine the problem as stochastic dynamic programming problem. Specify phases, states, decisions and the optimal value function.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Operations management problem relating to an organisation

Operations Management problem relating to an organisation with which you are familiar and undertake a critical review

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Operating decisions for process solutions

Solutions provides a computer-based document processing service

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Produce a management report

You are required to produce a management report from the perspective of a consultant, reporting back to your client - the CEO of an overseas museum.

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd