Practical Management Science, Revised (with CD-ROM, Decision Making Tools and Stat Tools Suite, and Microsoft Project) Review

Average Reviews:

(More customer reviews)As an instructor who uses this book to teach MBA students, I consider this as a valuable resource.

However, I am concerned that too many examples have been put together, without much intuition and insights in what justifies the models used for the simulation and how to effectively design the simulation.

As a result, student learns how to produce results for certain cases, but they don't know how to adjust it if assumptions change.

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Product Description:
Easy to understand and to the point--and without any jargon--PRACTICAL MANAGEMENT SCIENCE uses an active-learning approach and realistic problems to help you understand and take advantage of the power of spreadsheet modeling. With real examples and problems drawn from finance, marketing, and operations research, you'll easily come to see how management science applies to your chosen profession and how you can use it on the job. The authors emphasize modeling over algebraic formulations and memorization of particular models. The CD-ROMs packaged with every new book include the following useful add-ins: the Palisade Decision Tools Suite (@RISK, StatTools, PrecisionTree, TopRank, and RISKOptimizer); Solver Table, which allows you to do sensitivity analysis; and Premium Solver for Education from Frontline Systems. All of these add-ins have been revised for Excel 2007.

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