realistic application of quantitative analysis 3

Based on methods and tools you learned in this course(Analytic Hierarchy Process, Decision Tree and Utility Theory, Game Theoryand Linear Programming, PERT and Critical Path Method, etc.), conduct a project for a realistic application of quantitative analysis to your business or personal decisions.The term paper for this project should include:

A one-page description of your problem and its importance (10%).

A one-page discussion of the solution procedure and the rationale (10%)

One or more pages of presentation of your results (40%)

One or more pages of discussion of your insights, critique, and possible expansion for the application (40%).

The term paper will be subjectively evaluated by the instructor on the basis of

Important Note

Although similar, the term paper should be more sophisticated and realistic than a homework problem.If your term paper is about the same level of complexity as that of a homework problem, then you will get 60/100 at most.

 

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