Course curriculum
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Introduction
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The Planning Process
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Environmental Scanning
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Assemble a Strategy
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Implement the Strategy
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Monitor and Evaluate the Strategy
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Lesson Summary
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Learning Outcome
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Quiz 1.1
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Decision Making
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Defining the Problem
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Identifying Limiting Factors
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Develop Potential Alternatives
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Analyze the Alternatives
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Implement the Alternative
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Establish a Control and Evaluation System
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Lesson Summary
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Learning Outcome
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Quiz 1.2
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Decision Making Tools
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The Decision Tree
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Payback Analysis
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Simulation
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Lesson Summary
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Learning Outcomes
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Quiz 1.3
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Quantitative Approach Benefits
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Quantitative Decision-Making
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1. Decision Trees
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2. Network Analysis
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3. Simulation Models
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4. Optimization Models
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Lesson Summary
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Quiz 1.4
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When Do We Have to Make Decisions?
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How Do We Make Decisions?
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Examples of Rational Models
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Intuitive Decisions
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Developing Your Model
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Lesson Summary
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Quiz 1.5
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What Is Certain
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Weighing Risk
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Several Perspectives
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Lesson Summary
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Learning Outcome
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Quiz 1.6
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What Is Risk?
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The Five Risk Categories Analyzed
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Managing Risk
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Mitigating Risk
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Lesson Summary
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Quiz 1.7
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Introduction
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Simulation to Solve Problems
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Types of Tools
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Advantages Versus Disadvantages
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Lesson Summary
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Quiz 2.1
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Making Guesses About the Future
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The Usefulness of Being Random
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Probability Distributions
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The Value of Computer Simulations
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Lesson Summary
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Quiz 2.2
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Introduction
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Static Simulation
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Dynamic Simulation
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lesson Summary
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Summary
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Quiz 2.3
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What Is a Monte Carlo Simulation?
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A Brief History of the Monte Carlo Simulation
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How the Monte Carlo Simulation Works
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Advantages of the Monte Carlo Simulation
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Common Applications of the Monte Carlo Simulation
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Lesson Summary
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Quiz 2.4
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Introduction
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Merchandise Inventory
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Goods in Transit
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Goods in Consignment
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Goods Damaged or Obsolete
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Lesson Summary
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Learning Outcomes
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Quiz 3.1
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Inventory Costs
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Ordering Costs
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Carrying Costs
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Shortage Costs
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COGS
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Lesson Summary
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Learning Outcomes
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Quiz 3.2
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Definition
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Demand
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Cost
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Technology
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Lesson Summary
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Quiz 3.3
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Overview of Inventory and Control Systems
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Continuous Inventory Systems
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Periodic Inventory Systems
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ABC Classification System
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Lesson Summary
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Quiz 3.4
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Inventory Purchases Defined
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Before Recording
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Recording Inventory Purchases
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Lesson Summary
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Quiz 3.5
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Decisions About the Supply Chain
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Bullwhip Effect
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Inventory Positioning
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Packaging and Materials
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Lesson Summary
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Quiz 3.6
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Introduction
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Patience for Purchases
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Losing Customers
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Less Efficient
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Bad Reputation
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Resolutions
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Lesson Summary
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Quiz 4.1
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What Is a Waiting-Line System?
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Optimal Waiting Line
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Types of Waiting Lines
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Waiting-Line Phases
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Lesson Summary
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Quiz 4.2
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The Business Economics of Waiting Lines
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Optimal Waiting Line
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Performance Measures
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Bring on the Distractions
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Lesson Summary
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Quiz 4.3
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Introduction
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Decision Analysis
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Value and Payoffs
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Uncertainty and States of Nature
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Lesson Summary
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Quiz 5.1
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Business Decisions
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Expected Value
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Business Cycle
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Lesson Summary
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Quiz 5.2
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Decision Making
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Optimistic Approach
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Conservative Approach
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Minimax Approach
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Lesson Summary
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Quiz 5.3
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Probability Data Definition
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Calculating Probability
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Approaches to Probability
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Lesson Summary
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Quiz 5.4
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Business Decisions
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Decision Trees
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Payoff Tables
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Lesson Summary
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Quiz 5.5
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Business Decisions
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Expected Value
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Perfect Information
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Lesson Summary
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Quiz 5.6
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Making Decisions
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Information
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Revised Probability
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Lesson Summary
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Quiz 5.7
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What Is a Decision Strategy?
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Automatic Decisions
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Decision Trees
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Lesson Summary
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Quiz 5.8
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More Accurate Predictions
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Bayes' Theorem
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Using the Math
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Example
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Lesson Summary
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Quiz 5.9
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Information Cost
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Perfect & Sample Information
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Calculations
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Lesson Summary
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Quiz 5.10
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Driven by Utility
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What Is Utility?
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Upgrading Efficiency
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Real-Life Examples of Pursuing Utility
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Lesson Summary
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Quiz 5.11
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Introduction
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Never Enough Time
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PERT
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Types of Time
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Lesson Summary
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Learning Outcomes
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Quiz 6.1
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Blamestorming
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Henry Gantt
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The Gantt Chart
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Lesson Summary
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Lesson Objectives
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Quiz 6.2
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Why Manage a Project?
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Planning a Project
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Performing a Project
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Learning from a Project
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Lesson Summary
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Quiz 6.3
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The Project Team
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Roles of the Project Team
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Member Responsibilities
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Work Breakdown Structure
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The Responsibility Assignment Matrix (RACI)
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Lesson Summary
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Learning Outcomes
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Quiz 6.4
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The Three Types of Estimates
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Purpose of Three Estimates
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Lesson Summary
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Quiz 6.5
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Recognizing Uncertainty
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Strategies
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Identifying and Breaking Down Work
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Applying Probabilistic Scheduling
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Lesson Summary
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Quiz 6.6
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What Is Critical Path Methodology?
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How Is Critical Path Determined?
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Managing Critical Path
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Crashing Versus Fast Tracking
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Lesson Summary
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Quiz 6.7
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Costs and Project Management
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Direct Costs
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Indirect Costs
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Lesson Summary
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Quiz 6.8
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Sensitive Issues in Culture
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Global Issues in Project Management
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Breaking Down the Issues
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Balancing the Issues
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Lesson Summary
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Quiz 6.9
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Introduction
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Linear Programming
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Step 1: Define Your Variables
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Step 2 - Define the Objective Function
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Step 3 - Writing the Constraints
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Step 5 - Finding the Solution
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Lesson Summary
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Quiz 7.1
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What Is Integer Linear Programming?
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Description of the Components of the Equation
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Formula Used for Integer Linear Programming
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application of the Formula of Integer Linear Programming
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Break Even
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Design of the Equation
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Lesson Summary
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Quiz 7.2
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Introduction
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Why Use Linear Programming?
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Linear Programming Steps
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Solution to the Example LP
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Lesson Summary
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Quiz 8.1
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Definition
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Advantages of Extreme Points in Problem Solving
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Summary
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Quiz 8.2
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Linear Programming Models
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Example: Maximizing Profit
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Mathematical Problem Representation
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Problem Solving with R: Data Input
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Problem Solving with R: Data Output
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Lesson Summary
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Quiz 8.3
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Introduction
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What Is Sensitivity Analysis?
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Sensitivity Analysis in Action
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The Demand Equation
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Changing the Values in the Demand Equation
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Lesson Summary
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Quiz 9.1
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Safety-Wise Optimal Solutions
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Graphical Sensitivity Analysis
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Objective Function Coefficient Change
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Right-Hand Side Value Change
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Lesson Summary
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Quiz 9.2
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Introduction
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Linear Programming for Marketing
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What is Linear Programming?
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Requirements for Linear Programming
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How Can Linear Programming Be Used for Media Selection or Market Research?
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Limitations of Linear Programming
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Lesson Summary
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Quiz 10.1
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How Corporate Finance Decisions are Made
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Using Linear Programming in Corporate Finance Decisions
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Portfolio Selection
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Financial Mix Strategy
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Financial Planning
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Lesson Summary
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Quiz 10.2
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Introduction
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The Transportation Problem
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Types
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Solutions
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Lesson Summary
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Quiz 11.1
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Transportation
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Unequal Supply and Demand
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Northwest Corner Rule
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Minimum Cell Cost
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Unacceptable Routes
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Maximizing Objectives
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Lesson Summary
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Quiz 11.2
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Cost As A Priority
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Constraints
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Cost Information
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Solve the Problem
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Lesson Summary
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Quiz 11.3
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What's the Problem?
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Transportation Simplex Algorithm
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What It Looks Like
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Least Cost Method
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Optimality Test
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Lesson Summary
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Quiz 11.4
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The Hungarian Algorithm
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Hungarian Algorithm Steps
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Hungarian Algorithm Application
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Lesson Summary
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Quiz 11.5
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FINAL EXAM
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About this course
- $39.00
- 344 lessons
- 0 hours of video content