I’m working on a management exercise and need an explanation and answer to help me learn.
.1 Learning Outcomes:
- Find some structured ways of dealing with complex managerial decision problems.
- Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.
- Demonstrate the tools for deciding when and which decision models to use for specific problems.
- Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.
5.2 Action Required:
Read the following chapter of your Textbook.
Chapter 4: Spreadsheet Analysis
5.3 Test your Knowledge (Question):
- Explain the Base Case Analysis.
- List the five categories of spreadsheet analysis.