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  1. What is a decision model? Why is it important to business? What are the three types of inputs common to decision models?
  2. What is a decision model, and what are the three types of inputs common to decision models?
  3. Describe how to use Excel data tables, Scenario Manager, and goal seek tools to analyze decision models.
  4. Explain basic spreadsheet approaches  for  implementing decision models in    Excel.
  5. Explain the concept of risk analysis and how Monte Carlo simulation can provide useful information for making    decisions.
  6. Summarize the modeling and analysis using Solver tool available in Excel and what information it provides. You    need to discuss the steps to run optimization using Solver in excel and produce    optimization output and sensitivity reports.

 

 

 

 

 

 

 

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