Modeling for Insight A Master Class for

Modeling is the process of building and using models to help make business decisions. Designed to improve a readers spreadsheet modeling skills, Modeling for Insight details and explores the fundamental skills needed to problem-solve the situation. The book's focus is on modeling new and ill-structured problems from scratch when there is no existing procedure to follow. Freely downloadable Microsoft Office Excel 2003 and Crystal Ball are used throughout to help undergraduate and/or graduate students, MBA students, and modeling practitioners analyze the risks and uncertainties associated with spreadsheet models.

Stephen G. Powell, PhD, is Professor at the Tuck School of Business at Dartmouth College. The recipient of the 2001 INFORMS Prize for the Teaching of Operations Research/Management Science Practice, Dr. Powell teaches and conducts research on modeling for business decision making. He is the coauthor of Management Science: The Art of Modeling with Spreadsheets, Second Edition, also published by Wiley.

ROBERT J. BATT, mem, mbA, is Tuck Fellow and researcher at the Tuck School of Business at Dartmouth College. With experience in both academia and industry, his work focuses on operations management and finance.


Introduction
Models and Modeling
Well-structured Versus Ill-structured Problems
Modeling versus Problem Solving
Modeling for Insight
Novice Modelers and Expert Modelers
Craft Skills in Modeling
A Structured Modeling Process
Modeling Tools
Summary
Foundations of Modeling for Insight
Introduction
The Modeling Process
Tools for Modeling
Presentation Skills
Summary
Spreadsheet Engineering
Why Use Spreadsheets?
Spreadsheet Engineering
Summary

A First Example: The Red Cross Problem
Introduction
The Red Cross Problem
Bringing Blood Quality into the Analysis
Improving and Iterating
Summary
The Retirement Planning Problem
Introduction
Retirement Planning (A)
Retirement Planning (B)
Retirement Planning (C)
Presentation of Results
Summary
The Technology Option Problem
Introduction
Technology Option (A)
Technology Option (B)
Further Refinements
Presentation of Results
Summary

MediDevice
Introduction
MediDevice (A)
Revising the model
MediDevice (B)
Presentation of Results
Summary
Draft Commercials
Introduction
Draft Commercials Case
Problem Formulation
Influence Diagram
M1 Model and Analysis
M2 Model and Analysis
M3 Model and Analysis
M4 Model and Analysis
Presentation of Results
Summary
New England College Skiway
Introduction
New England College Skiway Case
Problem Formulation
Influence Diagram
M1 Model and Analysis
Analyzing Mountain Capacity
M2 Model and Analysis
M3 Model and Analysis
Considering Uncertainty
Presentation of Results
Summary
National Leasing
Introduction
National Leasing Case
Problem Formulation
Influence Diagram
M1 Model and Analysis
M2 Model and Analys
Table of Contents provided by Publisher. All Rights Reserved.

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Modeling for Insight A Master Class for Business Analysts

Summary

Author Biography

Table of Contents

Supplemental Materials