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Mark W. Isken – INFORMS Transactions on Education, 2025
A staple of many spreadsheet-based management science courses is the use of Excel for activities such as model building, sensitivity analysis, goal seeking, and Monte-Carlo simulation. What might those things look like if carried out using Python? We describe a teaching module in which Python is used to do typical Excel-based modeling and…
Descriptors: Spreadsheets, Models, Programming Languages, Monte Carlo Methods
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Adam Diamant – INFORMS Transactions on Education, 2024
Managers are increasingly being tasked with overseeing data-driven projects that incorporate prescriptive and predictive models. Furthermore, basic knowledge of the data analytics pipeline is a fundamental requirement in many modern organizations. Given the central importance of analytics in today's business environment, there is a growing demand…
Descriptors: Business Administration Education, Graduate Students, Prediction, Mathematical Concepts
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Huse, Collin; Brusco, Michael J. – INFORMS Transactions on Education, 2021
Problems associated with time-cost trade-offs in project networks, which are commonly referred to as crashing problems, date back nearly 60 years. Many prominent management science textbooks provide a traditional linear programming (LP) formulation for a classic project crashing problem, in which the time-cost trade-off for each activity is…
Descriptors: Programming, Computer Science Education, Decision Making, Time Management