Doitnow gene daners ma5/15/2023 ![]() ![]() ![]() MODELING IN A PROBLEM-SOLVING FRAMEWORK 15 Models and Modeling 1 1.1.1 Why Study Modeling? 2 1.1.2 Models in Business 2 1.1.3 Models in Business Education 3 1.1.4 Benefits of Business Models 3 The Role of Spreadsheets 4 1.2.1 Risks of Spreadsheet Use 5 1.2.2 Challenges for Spreadsheet Users 6 1.2.3 Background Knowledge for Spreadsheet Modeling 7 The Real World and the Model World 7 Lessons from Expert and Novice Modelers 9 1.4.1 Expert Modelers 9 1.4.2 Novice Modelers 11 Organization of the Book 12 Summary 13 Suggested Readings 14 To Becky and Judy, for all their encouragement and support pages cm Includes bibliographical references and index. Management science : the art of modeling with spreadsheets / Stephen G. Library of Congress Cataloging-in-Publication Data Powell, Stephen G. Return instructions and a free of charge return shipping label are available at Outside of the United States, please contact your local representative. Upon completion of the review period, please return the evaluation copy to Wiley. These copies are licensed and may not be sold or transferred to a third party. Evaluation copies are provided to qualified academics and professionals for review purposes only, for use in their courses during the next academic year. 222 Rosewood Drive, Danvers, MA 01923, website Requests to the Publisher for permission should be addressed to the Permissions Department, John Wiley & Sons, Inc., 111 River Street, Hoboken, NJ 07030-5774, (201)748-6011, fax (201)748-6008, website. 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, scanning or otherwise, except as permitted under Sections 107 or 108 of the 1976 United States Copyright Act, without either the prior written permission of the Publisher, or authorization through payment of the appropriate per-copy fee to the Copyright Clearance Center, Inc. For more information, please visit our website: citizenship. Among the issues we are addressing are carbon impact, paper specifications and procurement, ethical conduct within our business and among our vendors, and community and charitable support. In 2008, we launched a Corporate Citizenship Initiative, a global effort to address the environmental, social, economic, and ethical challenges we face in our business. Our company is built on a foundation of principles that include responsibility to the communities we serve and where we live and work. has been a valued source of knowledge and understanding for more than 200 years, helping people around the world meet their needs and fulfill their aspirations. The cover was printed by Courier Kendalville. This book was set in 10/12 Times Roman by Thomson Digital and printed and bound by Courier Kendalville. George Hoffman Lise Johnson Brian Baker Jacqueline Hughes Amy Scholz Kelly Simmons Marissa Carroll Harry Nolan Allison Morris Janis Soo Joel Balbin Vice President and Publisher Executive Editor Project Editor Editorial Assistant Director of Marketing Senior Marketing Manager Marketing Assistant Design Director Product Designer Senior Production & Manufacturing Manager Associate Production Manager MANAGEMENT SCIENCE The Art of Modeling with Spreadsheets ![]()
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