BIAM 570 Modeling for Decision Making DeVry
BIAM 570 Modeling for Decision Making DeVry
BIAM 570 Week 1 Decision Models
BIAM 570 Week 1 Discussions
WEEK 1: INTRODUCTIONS
Please introduce yourself to the class. Tell us your major, a bit about your family, your interests, and whatever else you want to share!
WEEK 1: MAKING GOOD AND BAD DECISIONS
In a southern swamp, suppose large alligators are present where a $2.5 million dollar grand prize lottery ticket is hidden. You and a friend are aware of rules, which requires wading through the swamp to find the lottery ticket with no access to boats and the damage an alligator attack can inflict on human flesh and bones.
You both decide individually to go seek and find the lottery ticket in the swamp. You are promptly attacked by an alligator while your friend finds the lottery ticket but is not attacked. Did you make a good or bad decision? Did your friend make a good or bad decision? Explain your answer.
BIAM 570 Week 1 Lab Car Loan Analysis
Scenario/Summary
The best way to understand the advantages of using a model is to actually create one and to understand theory of the model. This assignment will help you create a model using a spreadsheet and understand its theory completing the task below from the deliverables.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_1_Lab_StudentName.docx and Week_1_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016
Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application programs.
Lab Steps
Step 1: Download Lab Instructions
Step 2: Complete and Submit Files
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_1_Lab_StudentName.docx; and
Week_1_Lab_StudentName.xlsx.
BIAM 570 Week 2 Risk Modeling With Excel
BIAM 570 Week 2 Lab Welcome Packet Campaign
Scenario/Summary
In the realm of business, organizations are always looking for the most cost effective ways to operate. In this effort, there will always be a certain level of uncertainty depending on each case; however, organizations are able to use sensitivity analysis methods using assumptions, and estimates view expected results. These expected results, although not perfect, can help senior management and leadership of organizations to make decisions and changes where needed. To further explore the theory and application of sensitivity analysis, complete the steps below.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_2_Lab_StudentName.docx and Week_2_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016
Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application programs.
Lab Steps
Step 1: Download Lab Instructions and Start the Lab
Step 2: Complete and Submit Files
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_2_Lab_StudentName.docx; and
Week_2_Lab_StudentName.xlsx.
BIAM 570 Week 3 Markov Chains and Queuing
BIAM 570 Week 3 Lab Applicatoin of Queuing Theory
Scenario/Summary
In the realm of business, organizations in most cases will look for ways to improve the customer experience when services and products provided; however, sometimes we have to wait for such services for longer periods of time we do not desire. Although not perfect, organizations will use techniques based on queuing theories to measure wait times in which customers have to wait in order to be helped or serviced, and based on the measurements, management and leadership attempt to make decisions to improve or reduce these waiting times. In this Lab, you will have an opportunity to learn about and use common queuing models and their results to make decisions. To get started, complete all steps below.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the Lab Instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_3_Lab_StudentName.docx and Week_3_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016
Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application programs.
Lab Steps
Step 1: Download Lab Instructions and Start the Lab
Step 2: Complete and Submit Files
After completing the steps from the Lab Instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_3_Lab_StudentName.docx; and
Week_3_Lab_StudentName.xlsx.
BIAM 570 Week 4 Forecasting and Prediction
BIAM 570 Week 4 Lab Application of Time Series Forecasting
Scenario/Summary
In the realm of business, organizations are looking to make money and are also looking for ways to be the most efficient reducing cost so that profit margins continue to get better over time. Awareness of this is something we have all probably heard where time is money. So we have the need for time series forecasting and analysis, which are various forms of models that can help managers and leaders of organizations make a wide range of energetic managerial decisions successfully, where time and money are directly related leading to anticipated predictions. In an uncertain world, we will make decisions knowing there are uncertainties but knowing we have a history of data to work from, we can make good decisions with good anticipations.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_4_Lab_StudentName.docx and Week_4_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016
Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application program
Lab Steps
Step 2: Complete and Submit File
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_4_Lab_StudentName.docx; and
Week_4_Lab_StudentName.xlsx.
BIAM 570 Week 5
BIAM 570 Week 5 Lab Pay Off Matrix and Decision Trees
Scenario/Summary
In the realm of business, there are many options to help managers and leaders develop good decisions based on data analysis outcomes and associated risk. One important option and tool in this case is a decision tree. Decision trees are ideal when there are cases of many possible outcomes. They provide an organized structure that allows managers and leaders to examine these possible results while making decisions based on the options available from the outcomes. In other words, a decision tree is like a visual map of potential roadways for actions to take.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_5_Lab_StudentName.docx and Week_5_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016
Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application program.
Lab Steps
Step 1: Download Lab Instructions
Step 2: Complete the Lab and Submit
After completing the steps from the Lab Instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_5_Lab_StudentName.docx; and
Week_5_Lab_StudentName.xlsx.
BIAM 570 Week 5 Course Project
WEEK 5: COURSE PROJECT (DUE IN WEEK 8)
Review the Course Project Overview in the Introduction & Resources Module.
Continue working on the Course Project this week. The Course Project is due in Week 8.
BIAM 570 Week 6 Linear Optimization
BIAM 570 Week 6 LP Modeling and Optimal Solutions
Scenario/Summary
In the realm of business, business manages and leaders are always looking for optimal solutions to help in the decision-making process. During Week 2, everyone explored Linear Programing ( LP) models to create sensitivity analysis reports. LP models can do much more to help mangers and leaders also find optimal solutions, but as current or future managers and leaders, we must be aware that some optimal solutions given certain cases may be out of our reach for the given conditions or work environment.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_6_Lab_StudentName.docx and Week_6_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016 (with Solver)
Go to Course Resources, Lab Resources and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application program.
Lab Steps
Step 1: Linear Programming
Step 2: Complete and Submit Files
After completing the steps from the Lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_6_Lab_StudentName.docx; and
Week_6_Lab_StudentName.xlsx.
BIAM 570 Week 6 Course Project
WEEK 6: COURSE PROJECT (DUE IN WEEK 8)
Review the Course Project Overview in the Introduction & Resources Module.
Continue working on the Course Project this week. The Course Project is due in Week 8.
BIAM 570 Week 7 Linear Optimization Advanced
BIAM 570 Week 7 Lab GP and MOLP
Scenario/Summary
In the realm of business, business manages and leaders are always looking for optimal solutions to help in the decision-making process. During Weeks 2 and 6, everyone explored Linear Programing ( LP) models to create sensitivity analysis reports and to use output from the LP models to make decisions. Now we are going to go further with Linear Programing ( LP) models exploring integers, goal programming, and multiple objective optimization. For the nature of these models, a manager or leader is able to learn there are several different variations and options with Linear Programing ( LP) models that can output data analysis suited for a specific case and need to support the decision-making process.
After you are done, you will submit your completed Lab.
Deliverables
After completing the steps from the lab instructions, turn in one Microsoft Word and one Microsoft Excel file.
Rename both assignment files as Week_7_Lab_StudentName.docx and Week_7_Lab_StudentName.xlsx.
Lab Resources
This Lab will use the following Lab Resources:
- Microsoft Office Word and Excel 2016 (with Solver)
Go to Course Resources, Lab Resources, and click the Virtual Lab Citrix button.
Options for accessing Microsoft Word and Excel 2016
- Use a personal copy on your PC available via the Software Store on the Course Resources page.
- You can use the Citrix environment to run both the Word and Excel 2016 application program.
Lab Steps
Step 1: Download Lab File
Step 2: Complete and Submit Files
After completing the steps from the Lab Instructions, turn in one Microsoft Word and one Microsoft Excel file.
Be sure you have renamed both assignment files as
Week_7_Lab_StudentName.docx; and
Week_7_Lab_StudentName.xlsx.
BIAM 570 Week 7 Course Project
WEEK 7: COURSE PROJECT (DUE IN WEEK 8)
Review the Course Project requirements under Introduction & Resources Module.
Continue working on the Course Project this week. The Course Project is due in Week 8.
BIAM 570 Week 8 Course Project
BIAM 570 Week 8 Discussion
WEEK 8: LOOKING AHEAD
Class, looking back over the Course Objectives for this course, what are you looking forward to learning more about throughout your education and career?
BIAM 570 Week 8 COURSE PROJECT
Your Course Project is due this week. For more specifics, see the Course Project Overview page under Introduction & Resources.
Rubric
Final Project
Criteria |
Ratings |
Pts |
This criterion is linked to a Learning OutcomeTopic Selection
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10.0 pts
Full Marks
The topic clearly identifies and goes further into the realm of data modeling techniques as they are used to support best practices in project management.
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10.0 pts
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This criterion is linked to a Learning OutcomePaper: Content
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150.0 pts
Full Marks
a. The paper is of the required length. b. The paper fully addresses topics provided. c. Topic areas should include a theory of situations. Examples of data modeling techniques covered in this course are used to support areas or project management, including other areas, such as assessing risk and uncertainty as it applies to decision making, interest creating project networks, and how Microsoft Excel is used to support project management analysis, including earliest and latest start and finish times, creating Gantt Charts, and using linear programming (LP) to facilitate forecasting and prediction and an assessment of the validity of the information. d. The paper is at least 80% in the student’s own words (i.e., no more than 20% direct quotations from a source).
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150.0 pts
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This criterion is linked to a Learning OutcomeExcel: Technology
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30.0 pts
Full Marks
Microsoft Excel is used properly to create a list of project management activities determining earliest and latest start and finish times.
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30.0 pts
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This criterion is linked to a Learning OutcomeExcel: Technology
|
30.0 pts
Full Marks
Microsoft Excel is used properly to create a Gantt Chart based on project management activities.
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30.0 pts
|
This criterion is linked to a Learning OutcomeExcel: Technology
|
30.0 pts
Full Marks
Microsoft Excel is used properly to create a project network from activity A through Activity W.
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30.0 pts
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This criterion is linked to a Learning OutcomeExcel: Technology
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30.0 pts
Full Marks
Microsoft Excel is used properly to create worksheets to support project cost and a linear programming crashing model.
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30.0 pts
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This criterion is linked to a Learning OutcomeBibliography and In-Text Application of Research (APA)
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40.0 pts
Full Marks
The bibliography includes at least five references. References are authoritative and do not include anonymous authors. Web pages, if used, are clearly written by experts in the field (expert qualifications are given in the summaries). At least three references are peer-reviewed, scholarly papers. The bibliography is in APA format and is free of typographical, grammar, spelling, and formatting errors.
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40.0 pts
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This criterion is linked to a Learning OutcomePaper: Formatting (APA)
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10.0 pts
Full Marks
The paper is in 12-point Times New Roman font, double-spaced, and includes a cover page, table of contents, introduction, body of the report, summary or conclusion, and references. The Final Paper conforms to APA format.
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10.0 pts
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This criterion is linked to a Learning OutcomePaper: Organization and Cohesiveness (Mechanics)
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10.0 pts
Full Marks
The paper includes an introduction that generates interest in the topic and previews the main points to be covered, a body that develops each main point, and a conclusion that summarizes the main points covered. There is a logical flow of ideas throughout the paper. There is a clear thesis statement for the paper and a clear topic statement for each major section. Appropriate transitions are used between topics and subtopics.
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10.0 pts
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This criterion is linked to a Learning OutcomePaper: Editing (Mechanics)
|
10.0 pts
Full Marks
The paper uses a professional writing style and is free of typographical, spelling, and grammar errors.
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10.0 pts
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