Discussion Topic 1: Suppose you face a decision making process at home such as purchasing necessities, paying bill, etc. Set up a linear programming model in words, and discuss what your objective function, decision variable, and constraints would be.
Discussion Topic 2: Provide one example of how a time series technique could be used in the business world to help firm's decision making process
Discussion Topic 3: Discuss how you would deal with uncertainty at your workplace or at home, using the decision tree analysis
Discussion Topic 4: Suppose there are two events A and B. Can P(AUB) is greater than or equal to P(A)? Discuss why (or why not) using the concepts and theory you learned from Chapter 2.
Original Analysis (150+ words): Each student will read the discussion topic and will apply concepts and theory taught in that week to the real-world situations.