DATA MODELING AND DECISION MAKING

DATA MODELING AND DECISION MAKING.

Read the end-of-chapter application case “HP Applies Management Science Modeling to Optimize Its Supply Chain and Wins a Major Award” at the end of Chapter 10 in the textbook, and answer the following questions.

1.Describe the problem that a large company, such as HP, might face in offering many product lines and options.

2.Why is there a possible conflict between marketing and operations?

3.Summarize your understanding of the models and the algorithms used in this case.

4.What benefits did HP derive from implementation of these models?

 

DATA MODELING AND DECISION MAKING