Practical Management Science

A telephone-order sales company must determine how many telephone operators are needed to staff the phones during the 9-to-5 shift. […]

The file P14_02.xlsx contains five years of monthly data on sales (number of units sold) for a particular company. The

1. Determine whether you can develop a more accurate estimate of overhead costs. 2. Wagner is now preparing a bid

The file P14_03.xlsx contains monthly data on production levels and production costs during a four-year period for a company that

The owner of a restaurant in Bloomington, Indiana, has recorded sales data for the past 19 years. He has also

Xerox is trying to determine how many maintenance centers are needed in the mid-Atlantic states. Xerox earns $500 profit (excluding

Suppose that a regional express delivery service company wants to estimate the cost of shipping a package (Y) as a

When you use @RISK’s correlation feature to generate correlated random numbers, how can you verify that they are correlated? Try

Suppose you are an analyst for a company that produces four products, and you are trying to decide how much

A common approach to clustering is called multidimensional scaling (MDS). To apply MDS, we rank each pair of objects we