### MATH318: Quantitative Methods for ManagementSchedule and homework, Spring 2013

Plan to start homework several days before it's due.  Feel free to collaborate with other students, to seek help during office hours, and to ask for help in class as needed.  Your homework should be written in your own words.

This schedule will be revised as the semester progresses.

 Date Sections covered and Assignments due 1/23 Introduction, Basic Probability (2.1-2.2) 1/28 Calculating Probabilities (2.3-2.4) Bayes' Theorem (2.5) Simpson's Paradox When Combined Data Reveal the Flaw of Averages 2/4 Chapter 2 Homework due 2/7: 1, 3, 5, 6, 8, 14, 22 Chapter 2 Quiz 2/7 Discrete Random Variables (3.2-3.3) blank coinflip results sheet coinflip results sheet 2/11 Binomial Distribution worksheet Facts about the binomial distribution. Continuous Random Variables (3.5-3.7, 12.2) Comparison of Discrete vs. Continuous 2/18 Poisson Distribution Chapter 3 Take-home quiz assigned Normal Distribution Calculuator Decision Making (4.1-4.2) Sample Influence Diagram 2/25 Lake Placid problem data Expected Values (4.3) Complex Payoff Table of the Massachusetts State Lottery Perfect Information (4.5) Sample Information (4.5) 3/4 Lake Placid data Decision Tree Worksheet Case Problem assigned Risk Analysis (4.4) Sensitivity Analysis (4.4) Branch Probabilities and Bayes' Theorem (4.6 p. 126) 3/11 Spring Break 3/18 Chapter 3 take home quiz due 3/19 Computing Branch Probabilities Utility and Decision Making (5.1-5.2) Utility Worksheet 3/25 Utility and Risk (5.3) Chapter 4 and 5 Homework due 3/26. Chapter 4: 2, 3, 10, 19; Chapter 5: 4 Chapter 4-5 quiz 3/26 Introduction to Chapter 7 4/1 Linear Programming (7.1, 7.2) Steps needed to formulate a linear programming problem 4/8 Graphing and Interpreting Feasible Regions (7.2, 7.3) RMC Chemical problem data M&D Chemicals problem Linear Programming Worksheet Excel worksheet solution Surplus Variables and Minimization (7.5) 4/15 Special Cases (7.6) Sensitivity Analysis (8.1-8.4) More Than Two Decision Variables (8.4) Using the Solver in Excel 2010 Optional Case Problem checkup due Brunch linear programming worksheet RMC modified (p. 321) 4/22 Chapter 7 & 8 Quiz 4/23 Scheduling and Project Networks (13.1) 4/29 Chapter 7 and 8 homework due 4/30: Chapter 7: 9, 12, 21, 25; Chapter 8: 3, 16(a). Case project due 5/2 Quiz redo due 5/2 Project Network Worksheet Uncertain times (13.2) Time-Cost Trade-offs (13.3) Chapter 13 Homework (not graded): 3, 6, 13 3/14 Final Exam, 2:00-4:00

MATH318