Background: Problem-solving competences have evolved into key skills for professionals. Computer-based business simulations enable the analysis of problem-solving processes beyond end results. An important aspect of successful problem-solving is to systematically use built-in tools and process the provided information efficiently. Objectives: This…

Over the past few years, academics have undertaken initiatives to bridge the gap between theory and practice in the ever-growing field of business analytics, including implementing real-life student projects in all shapes and forms. Every year since 2015, Manhattan College has invited student teams from across North America and elsewhere in the…

Universities need to keep up with the demand of the business world when it comes to Big Data. The exponential increase in data has put additional demands on academia to meet the big gap in education. Business demand for Big Data has surpassed 1.9 million positions in 2015. Big Data, Business Intelligence, Data Analytics, and Data Mining are the…

The Principles of Information Systems course taught at a medium-sized Midwest University consists of Information Systems conceptual material plus Microsoft Excel and Access skills that the Information Systems faculty feel are most important to business students from all business disciplines. These skills range from using basic mathematic functions…

The need for analysts with expertise in big data software is becoming more apparent in today's society. Unfortunately, the demand for these analysts far exceeds the number available. A potential way to combat this shortage is to identify the software taught in colleges or universities. This article will examine four data analysis software--Excel…

A national student competition problem in business intelligence (BI) is considered to foster an understanding of this competition and of the underlying case study problem used. The focus here is two-fold. First, is to illustrate this competition, and second, is to provide a case problem that can be considered for use in various information systems…

In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Kesenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author…

Standard spreadsheet functions cannot compute bond yields if both the settlement and maturity dates fall on other than an interest payment date. Using reciprocal cell references, the RATE function is enhanced to overcome this limitation. An appendix extends the enhancement procedure to the IRR function. The procedure demonstrated has applications…

Describes a simplified process that can be used by computer departments in businesses to measure fulfillment of user requirements, with emphasis on practical interpretation and usefulness of results. The methodology is based on a set of minimum criteria determined by the organizational environment. An example using a spreadsheet implementation is…

In managing business process flows, safety stock can be used to protect against stockouts due to demand variability. When more than one location is involved, the concept of aggregation enables the pooling of demands and associated inventories, resulting in improved service levels without increasing the total level of safety stock. This pooling of…