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Spreadsheet Modeling and Decision Analysis (with CD-ROM and Microsoft Project 2003 120 day version)
A Good Book for Finance/IT majors
Great book, and includes @RISK
Good practical text
Decision analysis
Good book , worth to read
Well Written, Clear, and To The Point
Solid text that really teaches decision analysisThis fine book actually delivers the goods. First and foremost, it is a solid text on decision analysis in business management. It teaches the student on how to model optimization problems and solve them using linear programming. It covers sensitivity analysis and the simplex method, network modeling, integer linear programming, goal programming and multiple objective optimization, non-linear programming and evolutionary optimization, regression analysis, discriminant analysis, time series forecasting, introduces simulation, queuing theory, project management, and concludes with a chapter devoted to decision analysis. This final chapter covers both probabilistic and non-probabilistic methods, the expected value of imperfect information, decision trees, analyzing risk in a decision tree, computing conditional probabilities, and finally, utility theory.
What is wonderfully useful about this book is that it teaches these important principles of business decision making by turning them into practical tools using Excel spreadsheets. It not only shows the reader (student) how to build the spreadsheet, it also does the important task of teaching the WHY of the tool, not just the how.
It is clearly written, is laid out logically, and comes across as supportive of the student trying to learn this material.
Included in this book are 2 CDs. Included are: an advanced Solver, a 140 day trial of the Crystal Ball software, which will limit your use of it to the term you first study the material, but won't be of use to you unless you buy the software. The same goes for the 120-day trial of Microsoft Project. It is great to be introduced to these tools, but once you have invested time learning them, you will need to make other investments to keep using them. This is OK with me; I just think you ought to know that up front.
I think this is a fine text and could be the foundation of a very useful course.
This book is a great Sleeping aid
I was required to buy this book for a first year MBA course, and i found myself unable to stay awake for more than one page at a time. Not so much the author but the subject matter is enough to make one comatosed.
A truly excellent book
Ragsdale is a true master not only of spreadsheet modeling, but also of explaining complex things simple and understandable. More textbooks should have such a high quality.
Best MBA Level Book on Optimization
This book was a handbook for the first code demanded category of
search of operations of MBA of year to Berkeley. I have rinunziato to
the code category, but I have bought the book however and still
occasionally I refer like necessary state. Ragsdale makes a job
excellent that it explains like installing and resolving the problems
of search of operations in MS eccella.
Book was very informative and useful
The book was large but I could not believe the price when I have seen
it. I can obtain the same book for approximately $20 more than less.
In any case thanks!
Good but...
Knowledge in Operations Research is needed for the readers.
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