GC BUS660 Full Course - Discussions and Assignments- July 2016

Asked by bizgrad
Dated: 20th Apr'17 11:10 AM
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GC BUS660 week 1 DQ 1 & DQ 2

dq 1

Present an example of a business situation that you believe would lend itself to the use of a quantitative business model. Clearly explain how the model could be used in this situation.

dq 2

Multiple models are often used in supporting business decision making. Outline a situation in your organization or industry that required the need for multiple models. What factors were unique to this situation? Support your response with rationale from the readings or external research.

GC BUS660 week 2 DQ 1 & DQ 2

dq 1

Apply a business decision model to something you do every day, such as select an outfit, order lunch, or determine your exercise routine. Be creative in your approach. How did you select the model? Include rationale with support from the readings.

dq 2

Using the decision tree resources available in the Topic Materials, create a decision tree for the scenario you outlined in Topic 2 DQ 1. Attach the decision tree to your response and include insights in crafting the decision tree. How would you apply your experience to larger-scale decisions at an organizational level?

GC BUS660 week 3 DQ 1 & DQ 2

dq 1

Identify two business situations or problems within your current organization or industry. Articulate how one of these lends itself to a simple linear regression and how one does not. Why is simple linear regression appropriate to address one situation or problem but not the other? Support your ideas with evidence from the readings.

dq 2

You are the vice president of sales for TerraFirma, a company that manufactures outdoor sporting gear. You receive a report on your desk one morning that claims little or no relationship between the University of Michigan Consumer Sentiment Index (CSI) and outdoor sporting gear sales. The claim is based on a very low R2 of the simple regression model, using these two variables (CSI and sales). Discuss how you would (or should) react to this report and why. What clarifying questions might you ask?

GC BUS660 week 4 DQ 1 & DQ 2

dq 1

Provide an example based on your professional experience of a situation in which using a multiple regression model or nonlinear regression model may have helped your organization make a better decision.

dq 2

What types of business situations or problems might best lend themselves to multiple linear regression? What types may not? When do you anticipate using a multiple linear regression model in your postgraduate, professional experience? Explain.

GC BUS660 week 5 DQ 1 & DQ 2

dq 1

Discuss the strategic importance of forecasting at your organization (or one with which you are familiar). What strategic decisions does it need to make in terms of forecasting? Provide two recent examples. In your opinion, was this the best way? How could the process be improved?

dq 2

Refer to the Topic Material, "Chapter 1 - Fundamental Issues in Business Forecasting." This resource includes a discussion of unrealistic expectations and forecast accuracy. How have you seen this demonstrated in your organization or industry? Describe the forecasting scenario and the "prediction" that did not come true. What conversations did management have surrounding this issue? How would you mitigate expectations for a situation like this in the future?

GC BUS660 week 6 DQ 1 & DQ 2

dq 1

Identify two key strategic decisions made by your current team, department, or organization. How could those decisions have been enhanced by optimization models? Support your rationale with evidence from readings or external research.

dq 2

Find a current example of a linear optimization model used in your industry. Describe the industry's needs, including any unique factors, how the linear optimization model was used, and the problem or challenge it addressed. Would you suggest a different model be used? Why or why not? Support your response with rationale from the assigned readings.

GC BUS660 week 7 DQ 1 & DQ 2

dq 1

Explain the importance of correctly stating the objective function and constraints in linear optimization problems. Using examples from your professional experience, describe the problems that could result if the objective function and constraints are not stated properly. Why did these problems arise? Support your anecdotal evidence with support and rationale from the readings.

dq 2

Describe a workforce scheduling, a blending, and a logistics problem facing your current organization or industry. What is being optimized in each of your examples and why? How do linear optimization techniques differ from decision tree analysis? Which are more applicable to the examples you identified? Support your response with rationale from the readings.

GC BUS660 week 8 DQ 1 & DQ 2

dq 1

Describe a current problem facing your department, organization, or industry that would indicate the need for simulation. What key factors of this business situation indicate the need for simulation (versus the other modeling techniques covered in the course)? Support your response with rationale from the readings.

dq 2

Consider some of the examples you have brought up in earlier topics. Describe the key differences between simulation models and the models covered earlier in the course. Outline how the approach to solving this problem would differ in terms of applying and computing/solving the models.

GC BUS660 week 1 Ethical Decision-Making Essay Assignment

Details:

Throughout this course, you will participate in a variety of critical thinking exercises designed to engage you in evaluating and selecting appropriate quantitative models and methods. A key aspect of this process involves ethical considerations. In an essay of 750-1,000 words, explore ethical decision making and arrive at conclusions relevant to your industry and perspectives of Christian worldview.

How do ethical business practices influence the evaluation, selection, and application of an analytical, quantitative business model? How does the selection of an appropriate business model reflect ethical practice? Frame your ethical considerations from both a Christian worldview and business practice perspective.

What role do individuals and management play in ensuring the appropriate business model is chosen, used, and evaluated for effectiveness?

Support your assertions with evidence from the readings, external research, and the textbook.

Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

GC BUS660 week 2 Decision Analysis Case Study: Valley of the Sun Reviews Assignment

Details:

For many of the remaining topics in BUS-660, assignments will be in the form of case studies. These case studies are designed to provide an opportunity to engage in that topic's quantitative analysis method, as well as demonstrate critical thinking and appropriate professional communication.

Review "Decision Analysis Case Study: Valley of the Sun Reviews" for this topic's case study, a proposal to change the faculty performance review process at Valley of the Sun Academy (VSA).

Based on the information presented in the case study, create a decision tree or Excel-based analysis to determine the most appropriate recommendation.

In a 500-750-word report to VSA's Human Resources department and the chief financial officer, explain your approach and the rationale for this method. Evaluate both outcomes and how they would be applied to this decision. Conclude your report with your recommendation for the review process VSA should adopt.

Submit your Excel-based analysis or decision tree with your report.

Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

Decision Analysis Case Study:

Valley of the Sun Reviews

Valley of the Sun Academy (VSA) is an online school specializing in GED programs for the Phoenix area. Valley of the Sun Academy enrolls 813 students and has a part-time faculty pool of 65 online instructors.

Online faculty are reviewed annually and provided with feedback about their facilitation techniques, content expertise, engagement, and classroom management. If necessary, remediation and additional support are provided by the Faculty Advisory Board (FAB). The online faculty reviews are one factor used to determine overall performance, teaching status, and potential performance appraisals.

Recently, the FAB submitted a proposal for a new approach for the next fiscal year, the Peer Faculty Performance Review (PFPR). Human Resources (HR) and the school’s chief financial officer are evaluating the suggestion against the current design, described by VSA’s director. Both review processes are outlined below.

Current Design

Valley of the Sun Academy uses an external firm, TeachBest Consulting, to conduct annual reviews for online faculty. The review team is composed of faculty members at other online institutions, including universities and high schools. Valley of the Sun Academy faculty are not part of the review process, and TeachBest Consulting handles hiring and training internally. Valley of the Sun Academy’s HR department assigns completed courses to review, and VSA’s Technical Support team is responsible for providing access.

Once completed, the TeachBest consultant submits the review form toVSA’s HR department, and HR submits a payment for each review. In addition, VSA has an annual contract with TeachBest Consulting.

The overall contract is $2,500/year. If VSA’s enrollment reaches 1,000 or more students or their faculty pool expands to 75 or more instructors, the contract amount will increase to $5,000/year. There is a 75% chance the student enrollment will reach 1,000 students within the next 18months and a 25% chance enrollment will not increase. During the next nine months,Human Resourcesanticipates hiring at least six math instructors.

Individual reviewers are paid $75 for each review. Reviews are conducted in March, July, and November, with all faculty reviewed by December 1.

Valley of the Sun Academy is responsible for disseminating the results of the review to faculty members. If questions arise about review results, the FAB is responsible for verifying the review and responding to the instructor. Periodically, the Faculty Advisory Board finds fault with the initial review and follow-up must be scheduled. Each year, about 5% of the initial reviews are found to be inaccurate and new reviews must be scheduled. Valley of the Sun Academy pays a discounted price of $50 for each follow-up review.

Peer Faculty Performance Review (PFPR) Proposal

The FAB proposes to conduct faculty reviews in-house and no longer contract TeachBest Consulting. Human Resourceswill review faculty files and invite the top three performing instructors in four disciplines (Literacy and Communication, Social Sciences, Math, and Science and Technology) to join the PFPR committee.

Initial responsibilities will involve creating a new review form and conducting a norming session for consistency. There will be ongoing technology fees of $20/month for each reviewer, to ensure access to create and complete the review forms. There will also be an initial cost to set up the norming session. The Faculty Advisory Board recommends one of three options:

1. A $500 session that can be scheduled at any time with TeachBest Consulting.

2. A $750 session offered monthly by an external employee development firm.

3. A session designed by VSA’s HR and instructional design specialists, which would be free to attend but would require internal time and labor costs; HR anticipates a start of two months from implementation would prevent interrupting normal business practices.

Because the responsibilities are not included in current faculty contracts, FAB recommends stipends of $50 for each review completed. With the new internal PFPR process, FAB anticipates faculty reviews would no longer be overturned and there would not be a need to conduct secondary reviews. Additionally, FAB expects reviews to move to a 9-month rolling cycle rather than once every academic year.

GC BUS660 week 3 Simple Regression Models Case Study: Mystery Shoppers Assignment

Details:

Review "Simple Regression Models Case Study: Mystery Shoppers" for this topic's case study, a request to evaluate consignment stores from mystery shopper data.

Based on the information presented in the case study, create a regression model to determine the most appropriate recommendation.

Prepare a 250-500-word response to Mrs. Turner's questions about predicting final scores, statistical significance, and whether a store location should be closed based on the data provided. Explain your approach and the rationale for this method. Evaluate the outcomes of your regression model and the responses to Mrs. Turner's questions.

Submit a copy of the Excel spreadsheet file you used to design your regression model and to determine statistical significance.

Note: Students should use Excel's regression option to perform the regression.

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell).

Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.

StatPlus:mac LE can be used with Excel 2011 to perform statistical functions.

Go to the AnalystSoft Web site and follow the installation instructions:http://www.analystsoft.com/en/products/statplusmacle/

Once installed, Apple users can use StatPlus:mac LE to complete homework problems that require the use of Excel's data analysis statistical functions.

Prepare the written portion of this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are not required to submit this assignment to Turnitin.

Simple Regression Models Case Study: Mystery Shoppers

Chic Sales is a high-end consignment store with several locations in the metro area. The company noticed a decrease in sales over the last fiscal year. Research indicated customer satisfaction had decreased and the owner, Pat Turner, decided to create a mystery shopper program.

The mystery shopper program lasted over a 6-month period, employing several loyal and new customers assigned to each location. Surveys were on a 100-point scale and involved categories such as “Staff Attitude,” “Store Cleanliness,” “Product Availability,” and “Display(s) Appeal.”

After the mystery shopper period concludes, Mrs. Turner sends you the following e-mail:

From:Pat Turner

Sent:Thursday, July 7, 2016 8:57 a.m.

Subject:Mystery Data Shopper Stats and Store Performance?

Good morning! Welcome back from vacationJ I hope you had a wonderful Fourth of July.

The last mystery shopper surveys came in and I have the final numbers. I am interested in whether there is a way to predict the final average based on the initial survey score.Also, is there a statisticallysignificant relationship between how stores initially performed and what the overall average is?

The initial survey score and the final average data for all seven store locations is in the table below:

Store

1

2

3

4

5

6

7

Initial Survey Score

83

97

84

72

85

64

93

Final Average

78

98

92

75

88

70

93

Also, how good is the relationship between Initial Survey Score and the Final Average? Could I use an Initial Survey Score to predict a Final Average? In fact, could I predict a Final Average if I have an Initial Survey Score of 90?

If you could have this to me before the weekend, that would be great.

Thanks so much!

Pat Turner, Owner

Chic Sales Consignment, LLC

GC BUS660 week 4 Multiple Regression Models Case Study: Web Video on Demand Assignment

Details:

Review "Multiple Regression Models Case Study: Web Video on Demand" for this topic's case study, predicting advertising sales for an Internet video-on-demand streaming service.

After developing Regression Model A and Regression Model B, prepare a 250-500-word executive summary of your findings. Explain your approach and evaluate the outcomes of your regression models.

Submit a copy of the Excel spreadsheet file you used to design your regression model and to determine statistical significance.

Note: Students should use Excel's regression option to perform the regression.

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the "Multiple Regression Dataset" Excel resource to complete this assignment.

Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.

Prepare the written portion of this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

Multiple Regression Models Case Study: Web Video on Demand

Web Video on Demand (WVOD) is an Internet video-on-demand streaming service. The company offers a subscription service for $5.99/month, which includes access to all programming and 30-second commercial intervals.

In the last year, the company has recently begun producing its own programming, including 30-, 60-, and 120-minute television shows, specials, and films. Programming has been developed for teen audiences as well as adults.

The following data represent the amount of money brought in through advertising sales, the average number of viewers, length of the program, and the average viewer age per program.

Advertising Sales

($)

Average # of Viewers

(Millions)

Length of Program (Minutes)

Average Viewer Age

(Years)

28,000

10.1

30

30

25,500

11.4

30

25

31,000

19.9

60

30

29,000

13.6

60

38

20,500

12.5

60

20

14,500

3.5

30

15

27,000

15.1

60

24

23,500

3.7

30

17

19,500

4.3

30

19

23,000

12.2

120

45

18,000

5.1

120

19

29,500

15.9

60

28

30,000

16.8

120

31

25,000

8.5

120

58

22,500

9.1

30

43

The WVOD executives are in the process of evaluating a partnership with several independent filmmakers to fund and distribute socially conscious and diverse programming. The executives have asked for regression models to be developed based on specific needs. The three regression model requests and programming details are included below.

The WVOD executives would like to see a regression model that predicts the amount of advertising sales based on the number of viewers and the length of the program. Develop this regression model (“Regression Model A”). Web Video on Demandwould like to acquire a 60-minute documentary special about social media and bullying. The special is aimed at teen viewers and is estimated to bring in 3.2 million viewers. Based on the regression model, predict the advertising sales that could be generated by the special.

The WVOD executives would alsolike to see a regression model that predicts the amount of advertising sales based on the number of viewers, the length of the program, and the average viewer age. Develop this regression model (“Regression Model B”). Web Video on Demandmay acquire a 2-hour film that was a hit with critics and audiences at several international film festivals. Initial customer surveys indicate that the film could bring in 14.1 viewers and the average viewer age would be 32. Use this information to predict the advertising sales.

Advertising Sales ($)

Average # of Viewers (Millions)

Length of Program (Minutes)

Average Viewer Age (years)

28,000

10.1

30

30

25,500

11.4

30

25

31,000

19.9

60

30

29,000

13.6

60

38

20,500

12.5

60

20

14,500

3.5

30

15

27,000

15.1

60

24

23,500

3.7

30

17

19,500

4.3

30

19

23,000

12.2

120

45

18,000

5.1

120

19

29,500

15.9

60

28

30,000

16.8

120

31

25,000

8.5

120

58

22,500

9.1

30

43

GC BUS660 week 5 Forecasting Case Study: Urban Planning assignment

Details:

Review "Forecasting Case Study: Urban Planning" for this topic's case study, in which you will serve as an urban planner forecasting economic growth and decline for a specific industry in your city.

Students must access the "County Business Patterns" webpage (https://www.census.gov/econ/cbp/index.html) for this assignment. Students will use this U.S. Census Industry data portal to access data for a zip code with which you are familiar. This can be the zip code of your personal residence, location of employer (corporate, regional, or local office), undergraduate educational institution, hometown, etc.

In addition to the forecasting model and data, prepare a 500-750-word report to your city manager. Explain your approach and the rationale for why this is the best model. Evaluate the data and conclude your report with a recommendation about either expanding the industry in your area or allocating resources elsewhere.

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the "Forecasting Template" Excel resource to complete this assignment.

Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.

Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

Forecasting Case Study: Urban Planning

Important Note: Students must access the “County Business Patterns” Topic Material for this assignment. Students will use this U.S. Census Industry data portal to access data for a zip code with which you are familiar. This can be the zip code of your personal residence, location of employer (corporate, regional, or local office), undergraduate educational institution, hometown, etc.

Scenario

You have recently been hired as an urban planner for your local government. You have been tasked with determining economic growth and decline patterns in your area. As an urban planner, you will ultimately be responsible for determining patterns and forecasting for all industries within your area. However, the city manager has asked that you prioritize one of the 10 industries below. Business proposals have been submitted and the city manager would like to have use forecasting data to make an informed decision about whether to approve industry expansion or to allocate resources elsewhere.

Industries

· Construction

· Manufacturing

· Transportation and Warehousing

· Information

· Finance and Insurance

· Real Estate and Rental and Leasing

· Professional, Scientific, and Technical Services

· Management of Companies and Enterprises

· Administrative and Support and Waste Management and Remediation Services

· Health Care and Social Assistance

Forecasting

Access the “County Business Patterns” page on the United States Census Bureauwebsite and enter your city’s zip code. Using one of the industries above, access the data for the last 5 years that are available on website. Determine patterns of economic growth or decline during this time period, and develop the most optimal forecasting model for the next 2 years. Note that you will need to set up these two forecast calculations.

Clearly justify why your selected model is the best one. Specifically explain what forecast error is and how you used it to ascertain the most optimal forecasting model. Assume that you are presenting your findings to senior management and that senior management has minimal knowledge of forecasting techniques and how forecast error is calculated.

GC BUS660 week 6 Introduction to Optimization Modeling Problem Set assignment


Details:

Manually complete the following problems in the textbook:

  1. Problem 7-14
  2. Problem 7-15
  3. Problem 7-18

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the "Optimization Modeling Problem Set" Excel resource to complete this assignment.

Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.

You are not required to submit this assignment to Turnitin.

GC BUS660 week 7 Benchmark - Data Analysis Case Study assignment


Details:

Review "Benchmark Assignment - Data Analysis Case Study" and "Benchmark Assignment - Data Analysis Case Study Data"for this topic's case study, evaluating operations for a local restaurant.

Although your friend and restauranteur Michael Tanaglia offered to go over your findings in person, you believe it would be appropriate to also prepare a report and document your findings in writing. In a 1,000-1,250-word report, explain your approach for each evaluation and the rationale for the methods you used. Include any recommendations based on customer satisfaction, forecasting, and staff scheduling data.

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the "Benchmark Assignment - Data Analysis Case Study Template" and "Benchmark Assignment - Data Analysis Case Study Linear Programming Template" to complete this assignment.

Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.

Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

GC BUS660 week 8 Simulation Case Study: Phoenix Boutique Hotel Group assignment

Details:

Review "Simulation Case Study: Phoenix Boutique Hotel Group" for this topic's case study, in which you provide guidance to Phoenix Boutique Hotel Group (PBHG) founder Bree Bristowe.

In addition to creating a simulation model, prepare a 500-750-word recommendation for Bristowe's best course of action. Explain your model and the rationale for your recommendations.

Use an Excel spreadsheet file for the calculations and explanations. Cells should contain the formulas (i.e., if a formula was used to calculate the entry in that cell). Students are highly encouraged to use the "Simulation Case Study: Phoenix Boutique Hotel Group Template" Excel resource to complete this assignment.

Mac users can use StatPlus:mac LE, free of charge, from AnalystSoft.

Prepare the assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.

This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.

You are required to submit this assignment to Turnitin. Please refer to the directions in the Student Success Center.

GC BUS660 Full Course - Discussions and Assignments- July 2016
Answered by bizgrad
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Dated: 20th Apr'17 11:10 AM
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