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Carraway, Robert L.

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Analyzing Uncertainty: Probability Distributions and Simulation

This note introduces simulation as a tool to analyze uncertainty in business decisions. It first observes the limitations of single point or simple range estimates of key uncertainties, thereby motiva ...

Buckeye Power & Light Company Supplement (Excel Solver)

Buckeye Power & Light Company (BP&L) has recently retained the services of a consulting firm to analyze aspects of its operations. This supplement contains the consultant's report, which includes an o ...

Colonial Downs (A)

In this case, the protagonist is trying to decide which of the three horses running in the final race of the day at Colonial Downs horseracing track to bet on. He has $10 to bet, not enough to affect ...

Colonial Downs (B)

In this case, the protagonist's uncle calls him just before betting closes on the same race and asks him to place a $500 bet for him. The $500 is clearly enough to affect the odds, but since the prota ...

Dow Chemical U.S.A.: Capacity Expansion

Dow Chemical U.S.A. is faced with the decision of where to locate a new chemical reactor. Three current plants sites are being considered. Economic planner John Lewis has been charged with analyzing t ...

East Georgia Construction Company (A)

A construction company that serves a 20-county area of eastern Georgia has as its main source of revenue the manufacture and placement of asphaltic concrete used in road construction. Thanks to a new, ...

Exercises in Decision Making (I)

Used in conjunction with Exercises in Decision Making (II) (UVA-QA-0608). This exercise asks four questions around which people make cognitive mistakes. ...

Exercises in Decision Making (II)

Used in conjunction with Exercises in Decision Making (I) (UVA-QA-0607). This exercise contains four questions around which people make cognitive mistakes. ...

Foulke Consumer Products, Inc.: Supplement

This supplement is meant to accompany Foulke Consumer Products, Inc. (UVA-QA-392), and should be accompanied by a spreadsheet file of the model described herein, using the supplement precludes student ...

Foulke Consumer Products, Inc.: The Southeast Region

At the core of this case is a distribution, or sourcing, problem that can be modeled and solved using linear programming (LP). There are also issues of whether to build (a) new plant(s)--and if so, wh ...

Interview Scheduling

This is an exercise in building a mathematical programming model to schedule students to interview with an interviewer, given that both have conflicts and the students have expressed preferences. The ...

Introduction to Analytical Probability Distributions

This technical note provides a mostly nontechnical introduction to analytical probability distributions. The distributions covered are: uniform, triangular, normal, Poisson, exponential, lognormal, an ...
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