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Case Article—Blending Statistics, Optimization, and Simulation in a Multiphase Case

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  • Michael Francis Gorman

    (Department of Management Information Systems, Operations and Analytics, University of Dayton School of Business, Dayton, Ohio 45419)

Abstract

This case integrates three different methodologies over a four-part sequence on a problem that mirrors a real-world, published project. Students apply statistics, integer optimization, and simulation analysis toward solving the job assignment problem. The case features four parts: (1) operating cost and runtime estimation via regression, (2) mixed integer optimization analysis of a baseline and two scenarios, (3) simulation of the recommended solution under uncertainty, and (4) reoptimization under uncertainty. The case has been implemented over a one- to four-week period with upper level MBA or masters in analytics students. The case has received very positive feedback.

Suggested Citation

  • Michael Francis Gorman, 2023. "Case Article—Blending Statistics, Optimization, and Simulation in a Multiphase Case," INFORMS Transactions on Education, INFORMS, vol. 23(3), pages 173-176, May.
    • Handle: RePEc:inm:orited:v:23:y:2023:i:3:p:173-176
    DOI: 10.1287/ited.2022.0278ca
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    References listed on IDEAS

    as
    1. Michael F. Gorman, 2011. "Student Reactions to the Field Consulting Capstone Course in Operations Management at the University of Dayton," Interfaces, INFORMS, vol. 41(6), pages 564-577, December.
    2. Thomas A. Grossman & Judith Shaul Norback & Jill R. Hardin & Garlie A. Forehand, 2008. "Managerial Communication of Analytical Work," INFORMS Transactions on Education, INFORMS, vol. 8(3), pages 125-138, May.
    3. Sanjay L. Ahire & Michael F. Gorman & David Dwiggins & Oleh Mudry, 2007. "Operations Research Helps Reshape Operations Strategy at Standard Register Company," Interfaces, INFORMS, vol. 37(6), pages 553-565, December.
    4. Gregory Dobson & Vera Tilson, 2016. "Case Article—Medication Waste Reduction in an In-Hospital Pharmacy: A Case That Bridges Problem Solving Between a Traditional Case and an Industry Project," INFORMS Transactions on Education, INFORMS, vol. 16(2), pages 68-70, January.
    5. Dessislava A. Pachamanova, 2015. "Case Article—Mapping Business Problems to Analytics Solutions: Surrogate Experiential Learning in an MBA Introductory Data Science and Business Analytics Course," INFORMS Transactions on Education, INFORMS, vol. 16(1), pages 15-22, September.
    6. Michael F. Gorman, 2010. "The University of Dayton Operations Management Capstone Course: Undergraduate Student Field Consulting Applies Theory to Practice," Interfaces, INFORMS, vol. 40(6), pages 432-443, December.
    7. Robert L. Carraway & Dana R. Clyman, 2000. "Integrating Spreadsheets into a Case-based MBA Quantitative Methods Course: Real Managers Make Real Decisions," INFORMS Transactions on Education, INFORMS, vol. 1(1), pages 38-46, September.
    8. Robert A. Shumsky, 2009. "Case Article ---Introductory Integrative Cases on Airline Revenue Management," INFORMS Transactions on Education, INFORMS, vol. 9(3), pages 135-139, May.
    Full references (including those not matched with items on IDEAS)

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