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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. 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)

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