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Managerial Decision Modeling with Spreadsheets (2nd Edition), by Nagraj Balakrishnan, Barry Render, Ralph M. Stair
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- Sales Rank: #450991 in Books
- Published on: 2006-01-07
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 11.88" h x 1.26" w x 8.48" l, 1.10 pounds
- Binding: Hardcover
- 672 pages
From the Back Cover
Filling a void for a balanced approach to spreadsheet based decision modeling, this volume builds on the traditions and strengths of Render and Stair's Quantitative Methods for Management, a recognized and proven leader in teaching decision modeling. In addition to using spreadsheets as a tool to quickly set up and solve decision models, the authors teach how and why the methods work and combine the user's power to logically model and analyze diverse decision-making scenarios with software-based solutions. The book discusses the fundamental concepts, assumptions and limitations behind each decision modeling technique, shows how each decision model works and illustrates the real-world usefulness of each technique with many applications from both profit and nonprofit organizations. The authors provide an introduction to managerial decision modeling, linear programming models, modeling applications and sensitivity analysis, transportation, assignment, and network models, integer, goal, and nonlinear programming models, project management, decision theory, queuing models, simulation modeling, forecasting models and inventory control models. For anyone looking for a balanced approach to spreadsheet based decision modeling.
Most helpful customer reviews
2 of 2 people found the following review helpful.
Missing Chapter 4 of US version
By Andrea
This textbook is a great value and very useful. My only concern is that it does not include Chapter 4 of the US version, even though the seller write the description as "Same Content as US Edition in Different Softcover Design" Others have commented this in the reviews, but unfortunately I did not read that particular review before purchasing.
The text has a note at the top left of the cover that states"Circulation of this edition outside the Indian subcontinent is UNAUTHORIZED" as well as a disclaimer on the back cover that states "This international edition preserves the cutting-edge approach and pedagogy of the original, but may also feature alterations, customization and adaptation from the United States version."
Chapter 4 of the US version is on Linear Programming Sensitivity Analysis. While this is of course useful, since Excel's Solver has an output report for sensitivity, you don't REALLY need as much detail as the chapter provides because you don't need to do this manually. In addition, since Excel is so widely used, you can easily find via online search how to interpret this report.
0 of 0 people found the following review helpful.
Missing ebooks Chapter 4
By Amazon Customer
This book matches the electronic book exactly, EXCEPT for the fact that it's missing the electronic books chapter 4: Linear Programming Sensitivity Analysis. This topic does not exist in this printed text, it skips it to Transportation, Assignment, and Network Models (printed books chapter 4 and electronic books chapter 5). So just know, you can use this book until you get to chapter 4.
0 of 0 people found the following review helpful.
Excellent reference even after the class is over.
By Cassi
This is one of the best textbooks that I have had. Not only is it useful for the class, but it is useful in the real world. So much that a few classes later, I found that this was of better use than the textbooks that were for the class that I was in. A comprehensive guide to explain the decision models and examples to help you make your own to fit your necessary application.
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