Requirements: .ePUB, .PDF reader, 23.9 MB
Overview: A practical guide to using Excel for decision making, forecasting, optimization, and more. With this book, you will acquire a strong understanding of Management Science in the decision-making field while mastering the solutions with Microsoft Excel. This book alleviates complicated mathematical models with easy Microsoft Excel tools. Management science is a practice of problem-solving and decision-making in organizations, business, and other fields. It uses various analytical methods, including mathematical modeling and statistics, to improve the ability of better decision’s making. The techniques in this book range from maximization of profit, performance, and Return on Investment (ROI) to minimization (cost, time, risk) through Monte Carlos simulations, sensitivity analysis, and other tools. The readers will find countless real-life examples and case studies from banking, finance, transportation, manufacturing, manpower assignment, scheduling, and inventory management through food and product mix. This book’s linear and nonlinear techniques utilize the Excel Solver for the solutions. Once you get the hang of using the Solver – you can apply the tools learned to solve problems of your background, experience, and choice. This book takes a hands-on approach using Excel to solve these problems. Instead of using complex mathematical formulations and algorithms – you will learn to set up and solve these problems in an easy-to-follow manner in Excel.
Genre: Non-Fiction > Tech & Devices
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