Describe the capability of Evolver as an optimization tool. We now turn our attention to simulation, a
Question:
Describe the capability of Evolver as an optimization tool. We now turn our attention to simulation, a class of modeling method that has enjoyed significant actual use in decision making.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (8 reviews)
Evolver is a powerful optimization tool developed by Palisade Corporation primarily used for solving complex optimization problems through simulation and modeling It is a part of the DecisionTools Sui...View the full answer
Answered By
User l_998468
I have extensive tutoring experience, having worked as a private tutor for over three years. I have tutored students from different academic levels, including high school, undergraduate, and graduate levels. My tutoring experience has taught me to be patient, attentive to student needs, and effective in communicating difficult concepts in simple terms.
I have a strong background in statistics, probability theory, data analysis, and data visualization. I am proficient in using statistical software such as R, Python, and SPSS, which are commonly used in academic research and data analysis. Additionally, I have excellent communication and interpersonal skills, which enable me to establish rapport with students, understand their learning styles, and adapt my teaching approach to meet their needs.
I am passionate about teaching and helping students achieve their academic goals.
0.00
0 Reviews
10+ Question Solved
Related Book For
Business Intelligence And Analytics Systems For Decision Support
ISBN: 9781292009209
10th Global Edition
Authors: Efraim Turban, Ramesh Sharda, Dursun Delen, Pearson Education Limited, Dennis G. Zill
Question Posted:
Students also viewed these Business questions
-
Describe the capability of Evolver as an optimization tool.
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Implement the method contains() for HashST.
-
A corporation owns several companies. The strategic planner for the corporation believes dollars spent on advertising can to some extent be a predictor of total sales dollars. As an aid in long-term...
-
What tool is used to ensure that all tasks in a project have the right mix of project team members assigned? LO11-2
-
If I had serious credit problems, I would contact my creditors to explain the problem. (A) Yes (B) Probably (C) No
-
Comprehensive Bryant Corporation was incorporated on December 1, 2015, and began operations one week later. Before closing the books for the fiscal year ended November 30, 2016, Bryant's controller...
-
Formulate the substantive procedures that should be performed to obtain sufficient and appropriate audit that should be performed to obtain sufficient and appropriate audit evidence relating to cash...
-
Explain why VIS is particularly helpful in implementing recommendations derived by computers.
-
Each group should review, examine, and demonstrate in class a different state-of-the-art DSS software product. The specific packages depend on your instructor and the group interests. You may need to...
-
The B. J. Jensen Company specializes in the production of power saws and power drills for home use. Sales are relatively stable throughout the year except for a jump upward during the Christmas...
-
Use as many directional terms as possible to describe therelationshipbetween: a. the antecubital region and the poplitealregion b. the acromial region and the mentalregion c. the gluteal region and...
-
Average rate of return-cost savings Maui Fabricators Inc. is considering an investment in equipment that will replace direct labor. The equipment has a cost of $114,000 with a $10,000 residual value...
-
Alan was rated as excellent on his individual work performance evaluation, earning him $2,000, provided as a merit pay increase. His annual salary this year is $48,000. He works in a team of 3...
-
Josie spends $60 at the end of each month on cigarettes. If shestops smoking and invests the same amount in an investment planpaying 6% compounded monthly, how much will she have after fiveyears? 2...
-
Say we have a Boeing 747 whose longitudinal flight dynamics for a given flight condition may be approximated using the following state equation (uncontrolled motion; thus no need to consider the...
-
EntertainMe Corporation manufactures and sells 50-inch television sets and uses standard costing. Actual data relating to January, February, and March 2017 are as follows: The selling price per unit...
-
Fill in each blank so that the resulting statement is true. A solution to a system of linear equations in two variables is an ordered pair that__________ .
-
1. What are the characteristics of an agent-based simulation model? 2. List the various factors that were fed into the agent-based simulation model described in the case. 3. Elaborate on the benefits...
-
Describe the challenges faced by IHG during development of their retail price optimization system.
-
Besides the hotel business in the hospitality industry, explain at least three other areas where an optimization model could be used.
-
In the context of portfolio theory, what is diversification primarily intended to do ? A ) Increase returns. B ) Reduce risk. C ) Maximize tax efficiency. D ) Simplify investment management.
-
4. The risk-free rate of return is 3.78% and the market risk premium is 6.42%. What is the expected rate of return on a stock with a beta of 1.09?
-
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
Study smarter with the SolutionInn App