Tutorial for AD715: Decision Analysis with MS Excel Add-Ins

Tutorial for AD715: Decision Analysis with MS Excel Add-Ins BU MET AD715: Quantitative and Qualitative Decision-Making 2012 Professor Vladimir Zlatev 1

BU MET AD715: Quantitative and Qualitative Decision-Making Tutorials for the Section of the Course DECISION ANALYSIS AND DECISION SUPPORT IN BUSINESS : Tutorial for AD715: Decision Analysis with MS Excel Add-Ins Tutorial for AD715: Decision Trees in TreePlan Tutorial for AD715: Sensitivity Analysis in SensIt Tutorial for AD715: Business Simulation with MS Excel 2

OUTLINE Applying Decision Support Tools in AD715 An Overview Decision Analysis With MS Excel Add-Ins: An Overview Working with the Virtual PCs Remote Access to the Virtual Labs Structure of the Folder AD715 Excel Add-Ins (TreePlan, SensIt, RiskSim) 3

Applying Decision Support Tools in AD715 An Overview FOUNDATIONS OF MANAGERIAL DECISION MAKING (MDM) DECISION ANALYSIS & DECISION SUPPORT IN BUSINESS APPLICATIONS OF MANAGERIAL DECISION MAKING WEEK 1 WEEK 2 WEEK 3 WEEK 4 WEEK 5 WEEK 6 L-1: Foundations of MDM L-2: Interdisciplinary Aspects of MDM part I L-3: Interdisciplinary Aspects of MDM part II L-4: Foundations of Strategic MDM L-5: Decision Analysis L-6: MIS and Decision Support in Business L-7: Marketing Management and DM L-8: Innovation Management and DM L-9: Operations Management and DM L-10: Financial Management and DM L-11: Performance Management And DM L-12: Managers of 21 st Century and MDM 4

Applying Decision Support Tools in AD715 An Overview STRATEGIC MANAGEMENT PROCESS 5

Applying Decision Support Tools in AD715 An Overview STRATEGIC MANAGEMENT PROCESS DECISION SUPPORT TOOLS PESTEL Analysis SWOT Analysis SWOT Analysis Diagram Decision Trees Analysis Sensitivity Analysis Predictive Analytics Product/Technology Matrix Project Mgmt Diagrams Goal-Seeking Analysis Risk Analysis ROI Analysis Break-Even Point Analysis Balanced Scorecards Dashboards 6

STRATEGIC MANAGEMENT PROCESS BUSINESS SIMULATION Tutorial for AD715: Business Simulation with MS Excel 7

Applying Decision Support Tools in AD715 An Overview Business Simulation Strategies and Decision Support in Organizations An Outline Applying Decision Support Tools in AD715 Excel Add-Ins Tutorial for AD715: Decision Trees in TreePlan 8

Applying Decision Support Tools in AD715 An Overview Process Diagram of the Business Simulation Strategies and Decision Support in Organizations Decision Support Tools Possible Application Areas Tutorial for AD715: Decision Trees in TreePlan 9

Decision Analysis With MS Excel Add-Ins: An Overview Microsoft Office 2010 Family: Decision Analysis With Excel Add-Ins: Add-Ins TreePlan Decision Trees SensIt Sensitivity Analysis RiskSim Risk Analysis (Monte Carlo Simulation) 10

Working with the Virtual PCs Remote Access to the Virtual Labs TreePlan, SensIt, and RiskSim are licensed to Boston University and are installed on virtual computers Virtual computers are structured in different Virtual Labs one per group of fifteen students. Each Virtual Lab: 1. Is remotely accessible 2. Can accommodate up to 15 concurrent connections 3. Has the software needed for our class - installed and available for all users with BU login name and password 4. Has a shared folder AD715 with course documents available for all students to read and download How to work with the Virtual Labs is described here as a four-step-process: Step 1: Go To Vista AD715 course site and open Remote Access to Virtual Labs Step 2: Synchronize your BU user name and password and follow the instructions Step 3: Virtual PC Main Screen Step 4: Review the structure of the Folder AD715 11

Working with the Virtual PCs Remote Access to the Virtual Labs Step 1: Go To Vista AD715 course site and open Remote Access to Virtual Labs 12

Working with the Virtual PCs Remote Access to the Virtual Labs Step 2: Synchronize your BU user name and password and follow the instructions 13

Working with the Virtual PCs Step 3: Virtual PC Main Screen Remote Access to the Virtual Labs Folder AD715 Excel Add-Ins 14

Working with the Virtual PCs Step 4: Review the structure of the Folder AD715 Remote Access to the Virtual Labs Folder AD715 Excel Add-Ins 15

Working with the Virtual PCs Excel Add-Ins (TreePlan, SensIt, RiskSim) Excel Add-Ins 16