the best modeling approach. In the field of supply chain modeling‚ one dilemma that a corporation faces today is whether optimization‚ simulation‚ or a hybrid model (combination of optimization and simulation) is a better option to pursue. In this paper‚ we fundamentally distinguish the two modeling approaches – Supply Chain Optimization vs. Supply Chain Simulation‚ and the scenarios where the each option should be employed. Overview Optimization focuses on finding the optimal solution from millions
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TEAM B TEAM B ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10‚ 2013 ------------------------------------------------- Assessing Materiality and Risk Simulation University of Phoenix ACC/491 Dwayne Thompson March 10‚ 2013 The objective of the audit of financial statements is to enable the auditor to express an opinion if the financial statements are prepared
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Perceptual Maps Marketing Simulation xxxx MKT/421 July 24‚ 2013 Do. Smith Thorr Motorcycles: Perceptual Maps Marketing Simulation Producing more than 200‚000 motorcycles a year‚ Thorr Motorcycles‚ Inc. is a successful manufacturing company. Thorr also offers services such as dealer training‚ packaged software‚ rider training‚ and rentals. Thorr’s holds a highly respected brand image‚ and holds 40% of the market. CruiserThorr has an image of “masculinity‚ mobility‚ and freedom.” Thorr
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Introduction This paper will walk through the simulation project experience‚ discuss lessons learned and key take ways from the project. The project simulation was designed to challenge project managers in a life like simulation of project management. It challenges a Project Manager to take over and manage an existing project within a global company. The simulation ran the project manager through the full life cycle of a project. It began with identifying all project stakeholders and project
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International Trade Simulation Trade conditions were analyzed in the International Trade Simulation between four countries‚ Rodamia being the country in which decisions are made to stop or continue trade with surrounding countries. The simulation shows a variety of situations where trade agreements are created‚ cutoff‚ and strengthened displaying different options and different outcomes to the decisions made. The simulation demonstrated how international trade increases the production of goods
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The Pizza Store Layout simulation Leland Paul OPS/571 February 4‚ 2013 Jeanette Brooks The Pizza store simulation provided an opportunity to experiment with different possibilities for a manager to best maximize its profits for the owner of the restaurant Mario. The objective of the simulation was for management to come up with a plan of success. The plan of success would help with the management of waiting lines be it long or short‚ which is one of the key issues that are facing the restaurant
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minutes) instead of 20 minutes. The plots on queue length and the number of times the drill press is busy or idle for the 8-hour run is given figure 1. Figure 1 (Simple Processing System with 8 hours of time) The primary performance related results are compared in table 1. Table 1: Performance Measures | 20 minutes run | 480 minutes run (8 hours) | Total Production | 5 | 89 | Avg. Wait Time | 2.52 | 3.33 | Avg. System Total Time | 6.43 | 6.86 | Time-Avg. number of parts in queue
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To: From: Re: Monetary Policy Recommendations Date: The Monetary Policy Simulation demonstrates the impact of monetary policy upon the U.S. economy. Acting as the Chairman of the Federal Reserve‚ you are charged with directing the nation’s economy for ten years. There are three economic indicators that are monitored to evaluate the economy. These indicators are the Real Gross Domestic Product (GDP)‚ the Inflation Rate and the Unemployment Rate. The tools that are at your
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Ethics Game Simulation MGT 216/Organizational Ethics and Social Responsibility By: Luiza Balyan University of Phoenix Larry Henry November 21‚ 2011 The ethics simulation game is designed to teach us how to make ethical decisions especially when the company is facing challenging times. Making ethical decisions is not an easy task when ones decision will possibly have a great impact on each of the company’s stakeholder
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and Decisions in Year Three Page 3 Sales and Earnings Trends Page 4 Industry Comparison Page 5 Income Statement Page 6 ------------------------------------------------- TO OUR SHAREHOLDERS Last year was a big year — we delivered strong results‚ launched fantastic new products and services‚ and positioned AllSmile for an incredible future. For fiscal year‚ we also maintained strong cost discipline resulting in cash flow from operations of $104.7 million‚ an increase in manufacturer sales
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