Tutorial for AD715: Decision Analysis with MS Excel Add …€¦ ·  · 2013-04-12Tutorial for...

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BU MET AD715: Quantitative and Qualitative Decision-Making © 2012 Professor Vladimir Zlatev Tutorial for AD715: Decision Analysis with MS Excel add-in 1 Tutorial for AD715: Decision Analysis with MS Excel Add-Ins

Transcript of Tutorial for AD715: Decision Analysis with MS Excel Add …€¦ ·  · 2013-04-12Tutorial for...

BU MET AD715: Quantitative and Qualitative Decision-Making

© 2012 Professor Vladimir Zlatev

Tutorial for AD715: Decision Analysis with MS Excel add-in 1

Tutorial for AD715: Decision Analysis with MS Excel Add-Ins

BU MET AD715: Quantitative and Qualitative Decision-Making

Tutorial for AD715: Decision Analysis with MS Excel add-in 2

Tutorials for the Section of the Course ‘DECISION ANALYSIS AND DECISION SUPPORT IN BUSINESS’: • Tutorial for AD715: Decision Analysis with MS Excel Add-Ins • Tutorial for AD715: Decision Trees in TreePlan • Tutorial for AD715: Sensitivity Analysis in SensIt

• Tutorial for AD715: Business Simulation with MS Excel

OUTLINE

3 Tutorial for AD715: Decision Analysis with MS Excel add-in

Decision Analysis With MS Excel Add-Ins: An Overview

Working with the Virtual PCs

Remote Access to the Virtual Labs

Structure of the Folder AD715

Excel Add-Ins (TreePlan, SensIt, RiskSim)

Applying Decision Support Tools in AD715 – An Overview

4 Tutorial for AD715: Decision Analysis with MS Excel add-in

Applying Decision Support Tools in AD715 – An Overview

WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6

FOUNDATIONS

OF

MANAGERIAL

DECISION

MAKING (MDM)

L-1:

Foundations

of MDM

L-2:

Inter-

disciplinary

Aspects of

MDM–part I

L-3:

Inter-

disciplinary

Aspects of

MDM–part II

L-4:

Foundations

of Strategic

MDM

DECISION

ANALYSIS

&

DECISION

SUPPORT IN

BUSINESS

L-5:

Decision

Analysis

L-6:

MIS and

Decision

Support in

Business

APPLICATIONS

OF

MANAGERIAL

DECISION

MAKING

L-7:

Marketing

Management

and DM

L-8:

Innovation

Management

and DM

L-9:

Operations

Management

and DM

L-10:

Financial

Management

and DM

L-11:

Performance

Management

And DM

L-12:

Managers of

21st Century

and MDM

5 Tutorial for AD715: Decision Analysis with MS Excel add-in

Applying Decision Support Tools in AD715 – An Overview

STRATEGIC MANAGEMENT PROCESS

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Applying Decision Support Tools in AD715 – An Overview

STRATEGIC MANAGEMENT PROCESS

PESTEL Analysis

SWOT Analysis

Decision Trees Analysis

Sensitivity Analysis

Product/Technology Matrix

SWOT Analysis Diagram

Balanced Scorecards

Dashboards

Break-Even Point Analysis

Risk Analysis

ROI Analysis

Project Mgmt Diagrams

Predictive Analytics

Goal-Seeking Analysis

DECISION SUPPORT TOOLS

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STRATEGIC MANAGEMENT

PROCESS

BUSINESS

SIMULATION Tutorial for AD715: Business Simulation with MS Excel

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Applying Decision Support Tools in AD715

Business Simulation ‘Strategies and Decision Support in Organizations’ – An Outline

Tutorial for AD715: Decision Trees in TreePlan

Applying Decision Support Tools in AD715 – An Overview

Excel Add-Ins

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Process Diagram of the Business Simulation ‘Strategies and Decision Support in Organizations’ Decision Support Tools Possible Application Areas

Tutorial for AD715: Decision Trees in TreePlan

Applying Decision Support Tools in AD715 – An Overview

Decision Analysis With Excel Add-Ins: Decision Trees Sensitivity Analysis Risk Analysis (Monte Carlo Simulation)

SensIt

TreePlan

RiskSim

Decision Analysis With MS Excel Add-Ins: An Overview

Microsoft Office 2010 Family:

Add-Ins

Tutorial for AD715: Decision Analysis with MS Excel add-in 10

11 Tutorial for AD715: Decision Analysis with MS Excel add-in

Working with the Virtual PCs Remote Access to the Virtual Labs

Step 1: Go To Vista AD715 course site and open Remote Access to Virtual Labs

TreePlan, SensIt, and RiskSim are licensed to Boston University and are installed on virtual computers

Virtual computers are structured in different Virtual Labs – one per group of fifteen

students. Each Virtual Lab:

1. Is remotely accessible

2. Can accommodate up to 15 concurrent connections 3. Has the software needed for our class - installed and available for all users with BU

login name and password 4. Has a shared folder “AD715” with course documents available for all students to

read and download How to work with the Virtual Labs is described here as a four-step-process:

Step 2: Synchronize your BU user name and password and follow the instructions

Step 3: Virtual PC – Main Screen

Step 4: Review the structure of the Folder AD715

12 Tutorial for AD715: Decision Analysis with MS Excel add-in

Working with the Virtual PCs Remote Access to the Virtual Labs

Step 1: Go To Vista AD715 course site and open Remote Access to Virtual Labs

13 Tutorial for AD715: Decision Analysis with MS Excel add-in

Step 2: Synchronize your BU user name and password and follow the instructions

Working with the Virtual PCs Remote Access to the Virtual Labs

14 Tutorial for AD715: Decision Analysis with MS Excel add-in

Excel Add-Ins

Step 3: Virtual PC – Main Screen

Folder AD715

Working with the Virtual PCs Remote Access to the Virtual Labs

15 Tutorial for AD715: Decision Analysis with MS Excel add-in

Excel Add-Ins

Folder AD715

Working with the Virtual PCs Remote Access to the Virtual Labs

Step 4: Review the structure of the Folder AD715

16 Tutorial for AD715: Decision Analysis with MS Excel add-in

Excel Add-Ins

Working with the Virtual PCs Excel Add-Ins (TreePlan, SensIt, RiskSim)