Excel Models for Business and Operations Management 2e de JF Barlow

Excel Models for Business and Operations Management 2e

JF Barlow

en Limba Engleză Paperback – 21 apr 2005

Excel Models for Business and Operations Management, Second Edition, adopts a structured approach to management decision-making by integrating the activities of a manufacturing organization. The text is entirely assignment-based and uses Microsoft's Excel software to develop over eighty models. Everyday examples from finance, marketing and operations management form the basis of the book's 'hands-on' development models. As in the previous edition, the emphasis is on the practical implementation of real-world models rather than traditional theoretical concepts. The book's learn-by-example approach helps to develop both analytical and mathematical skills by focusing on the formulation and building of business models. New features in the second edition include * Finance models in a new chapter on investment analysis models * Job sequencing including a VBA routine for Johnson's Rule * Multiplicative Holt-Winter's model * All models and reference notes updated to the latest version of Excel Excel Models for Business and Operations Management is ideally suited to intermediate and advanced undergraduate courses, as well as MBA courses, in business studies, finance, accounting, information technology, and operations management. It should be of interest to managers and analysts who want to develop their model-building skills.

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Cuprins

Preface A SYSTEMS VIEW OF BUSINESS Overview A systems view of business operations A manufacturing business model Finance and cost accounting The marketing function The production function Management decision-making References and further reading MODEL-BUILDING TOOLS Overview Modelling characteristics Risk and uncertainty in decision-making Linear programming (LP) Using Excel's 'Analysis ToolPak' Statistical methods Decision analysis Simulation Excel functions used in model-building Exercises References and further reading PART 1: BUSINESS MODELS FINANCIAL MODELS Overview Financial statements Ratio analysis Net present value (NPV) Investment appraisal Portfolio management Capital budgeting using decision trees Cash flow analysis Investment financing: a simulation model Financial planning Excel add-ins: small business financial manager Excel functions used in model-building Exercises References and further reading INVESTMENT ANALYSIS MODELS Overview Risk Preference Attitudes Utility Theory Portfolio theory - the Markowitz model Portfolio analysis - the efficient frontier Single index model (SIM) Using SIM to derive the covariance matrix Capital asset pricing model (CAPM) Bond valuation Duration and bond volatility Black-Scholes option pricing model Excel functions used in model-building Exercises References and further reading WORKSHEET APPLICATIONS IN COST ACCOUNTING Overview Cost-volume-profit analysis Depreciation Equipment replacement Statistical replacement analysis Simulation model for replacement/repairs Comparison between simulation and statistical results Budgeting Job costing The learning curve Checking the accuracy of learning curves Excel functions used in model-building Exercises References and further reading MARKETING MODELS Overview Organising and presenting data Correlation analysis and linear regression Forecasting - time series and exponential smoothing Forecasting - exponential smoothing Salesforce models Goal programming Excel functions used in model-building Exercises References and further reading PURCHASE ORDER PROCESSING Overview Creating a simple macro Purchase order processing Creating the title screen Products and suppliers worksheets Creating the purchase order form Creating the database and its associated macros Macros for transferring data into the database Adding macros to buttons Amending purchase orders Printing purchase orders Protecting the POP database application Excel functions used in model-building Exercises References and further reading PART 2: MODELS FOR OPERATIONS MANAGEMENT STATISTICAL APPLICATIONS IN QUALITY CONTROL Overview Probability distributions Acceptance sampling Estimation - drawing conclusions from samples Hypothesis testing - checking out a claim! Analysis of variance (ANOVA) Statistical process control Excel functions used in model-building Exercises References and further reading INVENTORY CONTROL MODELS Overview Glossary of inventory terms Characteristics of inventory models Deterministic models Production order quantity model Inventory models with constraints Probabilistic models Inventory controls: a simulation approach Material requirements planning (MRP) Lot-sizing methods Just-in-time (JIT) approach to inventory management Excel functions used in model-building Exercises References and further reading MODELS FOR PRODUCTION OPERATIONS Overview Logistics models Other network flow applications Production planning and scheduling Queuing models Excel functions used in model-building Exercises References and further reading PROJECT MANAGEMENT Overview Project management techniques The project network Critical path method (CPM) Simulation model for project management Exercises References and further reading Appendix: Excel refresher notes Basic Excel commands Drawing graphs with ChartWizard Object linking and embedding (OLE).

Descriere

Adopting an active learning approach with the emphasis being placed on the utilization of software tools to help build models, this book's primary approach is to help the reader put theory into practice. The 'learn by example' approach used throughout the book guides the user through the complexities of model building.