Class Participation : 5%
Homework Assignments (10 sets) : 10%
Case Studies (2 cases for each team) : 10%
Midterm Exam (Closed Format) : 20%
Term Project : 15%
Final Exam (Open Format) : 40%
1. Team work is encouraged in this course. In particular, the case studies and the term project are done with the same team. While the homework assignments are submitted and graded individually, discussions with classmates are permitted.
2. Active participation in class is important. During the lecture, follow step by step working on the computer to learn model building and solution. Be attentive to the case presentation of other teams, and involve in the Q&A.
3. Homework assignments will be graded, and the most important factor is to do it diligently, completely, neatly.
4. Each case presentation will be under 10 minutes, with no more than 5 slides. Correct application of the model building and solution process is assumed, but clarity, convincing and interesting in presentation is as, if not more, important. Assessment will be partially based on the interests and responses the presentation generates from fellow classmates.
No need to hand in a written report, just submit the presentation file.
5. Midterm exam will be on Oct 7 (Saturday). It is in closed format, so no computer is necessary and allowed for the exam, but a simple calculator will do. It covers the first 6 weeks’ topics.
Final exam will be on Dec 1 (Friday) afternoon. It is in open format, so computer, textbook, class notes, homework solutions, etc., are all allowed in the exam. It covers all the topics of the course, but with emphasis on the decision making under uncertainty and the optimization models in deterministic environment.
Both exams will be 3 hours long.
6. Term project must be concerned with a real business problem situation. The problem itself counts 5%. The written report with about 10 pages counts 5%. The presentation of about 20 minutes with less than 10 slides counts 5%.
A project proposal will be finalized by Oct 23.