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Managerial Decision Modeling with Spreadsheets
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Managerial Decision Modeling
with Spreadsheets
Balakrishnan Render Stair
Third Edition

Pearson Education Limited
Edinburgh Gate
Harlow
Essex CM20 2JE
England and Associated Companies throughout the world
Visit us on the World Wide Web at: www.pearsoned.co.uk
© Pearson Education Limited 2014
All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted
in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without either the
prior written permission of the publisher or a licence permitting restricted copying in the United Kingdom
issued by the Copyright Licensing Agency Ltd, Saffron House, 6–10 Kirby Street, London EC1N 8TS.
All trademarks used herein are the property of their respective owners. The use of any trademark
in this text does not vest in the author or publisher any trademark ownership rights in such
trademarks, nor does the use of such trademarks imply any affi liation with or endorsement of this
book by such owners.
British Library Cataloguing-in-Publication Data
A catalogue record for this book is available from the British Library
Printed in the United States of America
ISBN 10: 1-292-02419-4
ISBN 13: 978-1-292-02419-6
ISBN 10: 1-292-02419-4
ISBN 13: 978-1-292-02419-6

Table of Contents
PEARSON C U S T OM LIBRAR Y
I
1
. Introduction to Managerial Decision Modeling
1
1Nagraj Balakrishnan/Barry Render/Ralph M. Stair
2
. Linear Programming Models: Graphical and Computer Methods
19
19Nagraj Balakrishnan/Barry Render/Ralph M. Stair
3
. Linear Programming Modeling Applications with Computer Analyses in Excel
65
65Nagraj Balakrishnan/Barry Render/Ralph M. Stair
4
. Transportation, Assignment, and Network Models
119
119Nagraj Balakrishnan/Barry Render/Ralph M. Stair
5
. Integer, Goal, and Nonlinear Programming Models
169
169Nagraj Balakrishnan/Barry Render/Ralph M. Stair
6
. Project Management
225
225Nagraj Balakrishnan/Barry Render/Ralph M. Stair
7
. Decision Analysis
277
277Nagraj Balakrishnan/Barry Render/Ralph M. Stair
8
. Queuing Models
325
325Nagraj Balakrishnan/Barry Render/Ralph M. Stair
9
. Simulation Modeling
365
365Nagraj Balakrishnan/Barry Render/Ralph M. Stair
10
. Forecasting Models
433
433Nagraj Balakrishnan/Barry Render/Ralph M. Stair
Inventory Control Models
495
495Nagraj Balakrishnan/Barry Render/Ralph M. Stair
Appendix: Useful Excel 2010 Commands and Procedures for Installing ExcelModules
535
535Nagraj Balakrishnan/Barry Render/Ralph M. Stair
Appendix: Probability Concepts and Applications
549
549Nagraj Balakrishnan/Barry Render/Ralph M. Stair

II
Appendix: Areas Under the Normal Standard Curve
575
575Nagraj Balakrishnan/Barry Render/Ralph M. Stair
577
577Index
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