This paper uses a series of models to illustrate one of the fundamental processes of model building--that of enrichment and elaboration. The paper describes how a problem context is given which allows a series of models to be developed from a simple initial model using a queuing theory framework. The process encourages students to think about the…

In the modern world information has become the new power. An increasing amount of efforts are being made to gather data, resources being allocated, time being invested and tools being developed. Data collection is no longer a myth; however, it remains a great challenge to create value out of the enormous data that is being collected. Data modeling…

A special but common type of scenario is one in which a company has a promotion that is designed to make the customer purchase more of their product than they otherwise might. Although this can be aimed specifically at children, it really applies to all persons. The basic premise is that the company issues a "set" of different items or…