IDEAS home Printed from https://ideas.repec.org/a/inm/orited/v23y2023i3p173-176.html
   My bibliography  Save this article

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

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/ited.2022.0278ca
    Download Restriction: no
    File URL: https://libkey.io/10.1287/ited.2022.0278ca?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. 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.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Michael F. Gorman, 2023. "Case Article—Louisiana Branch Lines," INFORMS Transactions on Education, INFORMS, vol. 23(3), pages 139-143, May.
    2. Robert B. Handfield & Steven A. Edwards & Jeffrey S. Stonebraker, 2011. "NC State's Supply Chain Resource Cooperative Educates in the Real World," Interfaces, INFORMS, vol. 41(6), pages 548-563, December.
    3. Dessislava Pachamanova & Vera Tilson & Keely Dwyer-Matzky, 2022. "Case Article—Machine Learning, Ethics, and Change Management: A Data-Driven Approach to Improving Hospital Observation Unit Operations," INFORMS Transactions on Education, INFORMS, vol. 22(3), pages 178-187, May.
    4. Michael F. Gorman, 2018. "A Survey of Research in Field-Based Education: A Summary of Process, Best Practices, and Lessons Learned," INFORMS Transactions on Education, INFORMS, vol. 18(3), pages 145-161, May.
    5. Kristen M. Getchell & Dessislava A. Pachamanova, 2022. "Writing to Learn: A Framework for Structuring Writing Assignments to Support Analytics Course Learning Goals," INFORMS Transactions on Education, INFORMS, vol. 22(2), pages 103-120, January.
    6. 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.
    7. Melissa R. Bowers & Kenneth C. Gilbert & Charles E. Noon, 2019. "Innovative Collaboration Between Industry and Academics: Meeting Industry’s Future Talent Requirements," Service Science, INFORMS, vol. 49(6), pages 397-406, November.
    8. R. John Milne & Amy K. Zander, 2012. "Operations Research Capstone Courses for Business Majors with Analytical Backgrounds," INFORMS Transactions on Education, INFORMS, vol. 13(1), pages 2-9, September.
    9. David Kopcso & Dessislava Pachamanova, 2018. "Case Article—Business Value in Integrating Predictive and Prescriptive Analytics Models," INFORMS Transactions on Education, INFORMS, vol. 19(1), pages 36-42, September.
    10. David Kopcso & Dessislava Pachamanova, 2018. "Case Article—Managing Staffing Inefficiencies Using Analytics (B): Business Value in Predictive and Prescriptive Analytics Models," INFORMS Transactions on Education, INFORMS, vol. 19(1), pages 43-47, September.
    11. 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.
    12. 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.
    13. Steven Shechter, 2023. "Case Article—Pediatrician Scheduling at British Columbia Women’s Hospital," INFORMS Transactions on Education, INFORMS, vol. 24(1), pages 35-39, September.
    14. Julie Ann Stuart Williams & Maxwell Rankin & Kristine Gallamore & Randall Reid, 2016. "Beyond Model Formulation: Assessment of Novices Graphing, Interpreting, and Writing About Their Model and Solution," INFORMS Transactions on Education, INFORMS, vol. 17(1), pages 13-19, September.
    15. Masoud Talebian & Garrett van Ryzin, 2014. "Case Article ---Markdown Management at Sports Unlimited," INFORMS Transactions on Education, INFORMS, vol. 14(2), pages 96-99, February.
    16. Daniel B. McLaughlin & John R. Olson, 2017. "Teaching the Use of Systems Dynamics for Strategic Decision Making in Healthcare," INFORMS Transactions on Education, INFORMS, vol. 17(3), pages 99-106, May.
    17. Ahti Salo, 2012. "A Seminar for Solving Client Problems in Project Teams," INFORMS Transactions on Education, INFORMS, vol. 13(1), pages 17-27, September.
    18. Coleen Wilder & Sailu Li, 2019. "Case Article—You Can’t Take It with You," INFORMS Transactions on Education, INFORMS, vol. 20(1), pages 33-36, September.
    19. Aydınlı, Gökhan & Härdle, Wolfgang Karl & Neuwirth, E., 2003. "Computational Statistics with Spreadsheets Towards Efficiency, Reproducibility and Security," SFB 373 Discussion Papers 2003,26, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    20. Mark E. Hillon & Yue Cai-Hillon & Darrell Brammer, 2012. "A Brief Guide to Student Projects with Industry," INFORMS Transactions on Education, INFORMS, vol. 13(1), pages 10-16, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orited:v:23:y:2023:i:3:p:173-176. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.