To assess your ability to develop a model and simulate a decision process.
Action Items:
1. Choose an industry that is of particular interest to you. This can be transportation, manufacturing, health care, finance, or another industry in which you have some interest.
2. For your chosen industry, identify in a three- to four-page Word document:
-Why is this industry of interest to you?
-What types of problems come to mind that would be of specific interest to this industry?
-How might this industry apply each concept covered in this course?
3. Include examples of each data analysis concept. The data analysis concepts you must include:
- Decision tree analysis
- Linear programming
- Sensitivity analysis
- Queuing
- Forecasting
- Simulation
- Inventory control