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.

8.2 Action Required:

Read the following chapter of your Textbook.

Chapter 8: Non-Linear Optimization

8.3 Test your Knowledge (Question):

• Explain the various types of constraints.
• Describe the Portfolio Optimization Model.

8.4 Instructions

• Answer both questions in test your knowledge section.
• Post your answer in the discussion board using the discussion link below (Week 8: Interactive learning Discussion)