Practical Management Science

This edition includes chapters which introduce the basics of spreadsheet modelling and emphasize "Genetic Solver". The book demonstrates modelling skills using Microsoft Excel and contains spreadsheets which allow users of varying mathematical backgrounds to build skills through different problems.

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This edition includes new chapters which introduce the basics of spreadsheet modelling and emphasize "Genetic Solver". Modelling skills are demonstrated using Microsoft Excel and are incorporated throughout. The use of spreadsheets in this text allows users of varying mathematical backgrounds to build skills as they work through sophisticated problems. There are interdisciplinary examples and problems-covering topics such as portfolio selection, options and pricing. Modelling is taught by using models that can be used in a variety of problems. The "Palisade Decision Tool's Suite" (@Risk, Precision Tree, BestFit, TopRank, and RISKview) and "Solver Table" which allows users to do sensitivity analysis, is now included.