BSOP 209 Entire Course NEW

BSOP 209 Entire Course
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BSOP 209 Entire Course
BSOP 209 Week 1 Assignment
BSOP 209 Week 2 Quiz; Linear Regression, Correlation,
and Forecast Error
BSOP 209 Week 3 Case Study 1
BSOP 209 Week 4 Quiz; Waiting – Line Models and
Linear Programming

BSOP 209 Week 5 Linear Programming Concept Paper
BSOP 209 Week 5 Linear Programming Homework
Problem
BSOP 209 Week 6 Quantitative Module A Decision:
Making Tools Homework Problem 1
BSOP 209 Week 6 Quantitative Module A Decision:
Making Tools Homework Problem 2
BSOP 209 Week 6 Quiz
BSOP 209 Week 8 Final Exam

week-1-case-study-1
Discussion Questions
1. Develop a forecasting model, justifying its selection
over other techniques, and project attendance through
2011.
2. What revenues are to be expected in 2010 and 2011?
3. Discuss the school’s options.

BSOP 209 Week 1 Homework Assignment
week-1-homework-assignment
Complete the following problems from Chapter 4 in your
text. The Homework Problems Rubric is in Doc Sharing.
Problem 4.2 a, b and c
Problem 4.6 a, b and c
Problem 4.9 a, b, c and d

4.24
Howard Weiss, owner of a musical instrument
distributorship, thinks that demand for bass drums may be
related to the number of television appearances by the
popular group Stone Temple Pilots during the previous
month. Weiss has collected the data shown in the following
table:
Stone Temple Pilot’s TV
Appearances
Demand for Bass
Drums

3 3
4 6
7 7
6 5
8 10
5 7
a) Graph these data to see whether a linear equation
might describe the relationship between the group’s
television shows and bass drum sales.
b) Use the least-squares regression method to derive a
forecasting equation.
c) What is your estimate for bass drum sales if the Stone
Temple Pilots performed on TV nine times last month?
d) What are the correlation coefficient (r) and the
coefficient of determination (r2) for this model, and what
do they mean?
4.46 Thirteen students entered the business program at
Hillcrest College 2 years ago. The following table indicates
what each student scored on the high school SAT math exam
and their grade-point averages (GPAs) after students were in
the Hillcrest program for 2 years.

Student SAT Score GPA
A 421 2.90
B 377 2.93
C 585 3.00
D 690 3.45
E 608 3.66
F 390 2.88
G 415 2.15
H 481 2.53
I 729 3.22
J 501 1.99
K 613 2.75
L 709 3.90
M 366 1.60
a) Is there a meaningful relationship between SAT math
scores and grades?
b) If a student scores a 350, what do you think his or her
GPA will be?

c) What about a student who scores 800?

BSOP 209 Week 2 Quiz Linear Regression, Correlation,
and Forecast Error
week-2-quiz-linear-regression-correlation-and-
forecast-error
BSOP 209 Week 2 Quiz Linear Regression, Correlation,
and Forecast Error
1. Question: (TCO 1) For a moving average forecast to be
of any use to us, what assumption must be true?
2. Question: (TCOs 3 and 4) In a regression equation,
what is y hat?
3. Question: (TCOs 1 and 2) Given the following data,
calculate the two-year moving averages for years 5
through 10.

4. Question: (TCOs 3, 4 and 5) While conducting an
accounting audit of their finished goods inventory,
Farmer’s Market clerks were able to construct the
following data one of their nonseasonal baskets.
(a) Use trend projection to estimate the relationship
between time and sales (state the equation). (b)
Calculate forecasts for the first four months of the next
year

S7.17
Markland Manufacturing intends to increase capacity by
overcoming a bottleneck operation by adding new
equipment. Two vendors have presented proposals. The
fixed costs for proposal A are $50,000, and for proposal
B, $70,000. The variable cost for A is $12.00, and for B,
$10.00. The revenue generated by each unit is $20.00.
a) What is the break-even point in units for proposal
A?

b) What is the break-even point in units for proposal B?
S7.18
Using the data in Problem S7.17:
a) What is the break-even point in dollars for proposal
A if you add $10,000 installation to the fixed cost?
b) What is the break-even point in dollars for proposal
B if you add $10,000 installation to the fixed cost?
S7.30
What is the net present value of an investment that costs
$75,000 and has a salvage value of $45,000? The annual
profit from the investment is $15,000 each year for 5
years. The cost of capital at this risk level is 12%.
S7.31
The initial cost of an investment is $65,000 and the cost
of capital is 10%. The return is $16,000 per year for 8
years. What is the net present value?

Game 1
Game 2
Game 3
Game 4
Game 5
Forecasting Model

BSOP 209 Week 4 Quiz Waiting Line Models and Linear
Programming
week-4-quiz-waiting-line-models-and-linear-
programming
BSOP 209 Week 4 Quiz Waiting Line Models and Linear
Programming
1. Question: (TCO 6) What is the first step in solving a
break-even analysis using a graphic approach?
2. Question: (TCO 7) Define NPV.
3. Question: (TCO 9) What limits the use of a graphical
solution to LP?
4. Question: (TCO 8) What are the three parts of a wait-
line system?

5. Question: (TCO 8) In reference to queuing, what is a
limited or finite population?
6. Question: (TCO 8) What does FIFO mean?
7. Question: (TCO 8) Describe or define a negative
exponential-probability distribution.
8. Question: (TCO 8) Which waiting-line model has a
dependent relationship between the length of the queue
and the arrival rate?
9. Question: (TCOs 6 and 7) XYZ plating is going ahead
on an expansion project. They will be able to earn $300
per hour and run 3,000 hours per year. What is the net
present value for the next five years with an interest
rate of 6%?

BSOP 209 Week 5 Assignment Linear Programming
Concept Paper
week-5-assignment-linear-programming-concept-
paper-and-problems
BSOP 209 Week 5 Assignment Linear Programming
Concept Paper
BSOP 209 Week 5 Homework Assignment Problem B1,
B2
BSOP 209 Week 5 Graph 1
BSOP 209 Week 5 Graph 2

A.2
Even though independent gasoline stations have been
having a difficult time, Susan Helms has been thinking
about starting her own independent gasoline station.
Susan’s problem is to decide how large her station
should be. The annual returns will depend on both the
size of her station and a number of marketing factors
related to the oil industry and demand for gasoline.
After a careful analysis, Susan developed the following
table:

Size of First
Station
Good Market
($)
Fair Market
($)
Poor Market
($)
Small 50000 20000 -10000
Medium 80000 30000 -20000
Large 100000 30000 -40000
Very Large 300000 25000 -160000
For example, if Susan constructs a small station and the
market is good, she will realize a profit of $50,000.
e) Develop a decision tree. Assume each outcome is
equally likely, then find the highest EMV.
• A.3
Clay Whybark, a soft-drink vendor at Hard Rock Cafe’s
annual Rockfest, created a table of conditional values for
the various alternatives (stocking decision) and states of
nature (size of crowd):
States of Nature ( demand)
Alternatives Big Average Small
Large Stock $ 22000 $ 12000 -$ 2000

Average
Stock
$ 14000 $ 10000 $ 6000
Small Stock $ 9000 $ 8000 $ 4000
The probabilities associated with the states of nature
are 0.3 for a big demand, 0.5 for an average demand, and
0.2 for a small demand.
a) Determine the alternative that provides Clay
Whybark the greatest expected monetary value (EMV).
b) Compute the expected value of perfect information
(EVPI).

week-6-quiz
1. Question: (TCO 14) Briefly discuss the decision
methods used when there is complete uncertainty as to
which state in a decision environment may occur.
(Points : 10)
2. Question: (TCOs 10,11 and 12) Chad’s Pottery Barn
has enough clay to make 24 small vases or 6 large vases.
He has only enough of a special glazing compound to
glaze 16 of the small vases or 8 of the large vases. Let X1
= the number of small vases and X2 = the number of
large vases.

The smaller vases sell for $3 each, and the larger vases
would bring $9 each.
3. Question: (TCO 13, 14) XYZ coating company has
reviewed four new processes for improving their
coating line. The four processes, labeled A, B, C, and D
use different technology and have different capacities.
All the processes have the same level of production and
the lifetime.

week-7-case-study-2
Week 7 Case Study 2 Southwestern University

week-8-final-exam
1. (TCO 8) What are the three parts of a wait-line
system? (Points : 15)
2. (TCO 9) What is the objective function of LP?
(Points : 15)
3. (TCO 11 & 12) What are two of the steps in a
simplex maximization problem? (Points : 15)
4. (TCO 10) What will happen if the right-hand side
of a constraint is changed? (Points : 15)
5. (TCO 15 & 16) What are three of the basic steps
that both PERT and CPM follow? (Points : 15)

6. (TCO 16) What is a “dummy activity?” (Points :
15)
7. (TCO 3, 4, & 5) What is the formula for linear
regression? Define each part. (Points : 15)
8. (TCO 1) What are the four qualitative forecasting
approaches that are available to us? (Points : 15)
9. (TCO 6) Describe the “revenue junction.” (Points
: 15)
10. (TCO 8) What are the three parts of a typical
queuing system? (Points : 15)
11. (TCO 8) When designing a waiting line system,
what “qualitative” concerns need to be considered?
(Points : 15)
12. (TCO 8) What is the expected value with perfect
information? (Points : 15)
1. (TCO 1 &2) What is the forecast for Aug based on a
weighted moving average applied to the following past
demand data and using the weights: 5, 3, 1.5? (largest
weight is for most recent data)
2. (TCO 3, 4, and 5) The XYZ Paint Shop owns and
operates a dozen shops in southern Iowa. Their
signature paint is black epoxy. Sales (X, in millions of
dollars) is related to Profits (Y, in hundreds of

thousands of dollars) by the regression equation Y =
6.321 + 0.65X. What is your forecast of profit for a store
with sales of $25 million? $65 million? (Points : 30)
3. (TCO 6 and 7) A product is currently made in a job
shop, where fixed costs are $4,500 per year and variable
cost is $10 per unit. The firm sells the product for $70
per unit. What is the break-even point for this
operation? What is the profit (or loss) on a demand of
220 units per year? (Points : 30)
4. (TCO 13, 14) XYZ coating company has reviewed four
new processes for improving their coating line. The four
processes, labeled A, B, C, and D use different technology
and have different capacities. All the processes have the
same level of production and the lifetime. The four
states of nature represent four levels of consumer
acceptance of the firm’s products. Values in the table are
net present value of future profits in millions of dollars.
Forecasts indicate that there is a 0.4 probability of
acceptance level 1, 0.3 chance of acceptance level 2, 0.6
chance of acceptance level 3, and 0.5 change of
acceptance level 4………..Using the criterion of expected
monetary value, which production alternative should be
chosen? (Points : 30)

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