Data Driven Decision Making Statics

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Data Driven Decision Making Statics

For each of the topics BOLDLY highlighted, choose an ‘application’ for using the model to solve a business problem.(In what area could you see applying some of the strategies? . (I will provide an example page below on how to do this please do not use the info provided CREATE YOUR OWN SCENERIOS AND REAL LIFE SITUATIONS )

1)Queuing:a) Where would you apply some of this knowledge?b)Provide a quick setup with all the variables of the application you chose

2)Inventory Management:a) Where would you apply some of this knowledge?b)Provide a quick setup with all the variables of the application you chose

3)Linear Programming:a) Where would you apply some of this knowledge?b)Provide a quick setup with all the variables of the application you chose