MGT 425 Spreadsheet Decision Modeling Homework- Saudi Electronic University
Learning Outcomes:
i. Find some structured ways of dealing with complex managerial decision problems.
ii. Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
iii. Demonstrate the tools for deciding when and which decision models to use for specific problems.
iv. Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
Task
Read the above article and answer the following Questions:
i. Describe the objective of this case study according to your understanding (150-200 Words).
ii. What is the importance of material selection in manufacturing companies(150-200 Words).
iii. What is the Analytic Hierarchy Process (AHP) that can be used in decision making process in manufacturing companies(150-200 Words).
iv. What are the important steps you suggest for the decision-maker in order to make a good decision(150-200 Words).
v. How this study is helpfulfor you in understanding the decision making process about material selection in manufacturing companies? (150-200 words).
Format your homework according to the following formatting requirements:
i) The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
ii) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
iii) Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.