I echo Ralph's comments about teaching intro classes with sophisticated software. The use of these software's are not in all companies and often limited to specialized small groups in the company. Learning the concepts using Excel, which is something they understand allows them to focus on the concepts.
Understanding cost and schedule control can be a very useful learning. But this needs to be done with uncertain inputs. This can be done in Excel using free Excel Addin from Probability Management. You can learn more about SIPmath and how to use it for all sorts of Management questions on my YouTube Channel.
https://www.youtube.com/channel/UCQe6h4QIHvQ1Yje0SolEZCQ
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Brian Putt
Decision Scientist Consultant
retired
Fremont CA
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Original Message:
Sent: 05-04-2024 16:56
From: Ralph Asher
Subject: Teaching Intro to management Science
In my 9 years in corporate work, I can count on zero hands the number of times I saw a non-OR type using anything other than Excel for analytics beyond BI. Good luck expecting a junior business analyst advocating for the use of AMPL or LINGO in their businesses.
Businesses run on Excel, no matter how much technical people wish it was otherwise. I teach LP/MILP and Monte Carlo simulation using Excel to business undergrads. It has its drawbacks, which is why I don't do that for my private work. But it's the most accessible and most persistent skillset that the students will retain.
Best
Ralph
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Ralph Asher
Founder, Data Driven Supply Chain LLC
Data Driven Supply Chain LLC
Minneapolis MN
Original Message:
Sent: 04-28-2024 14:55
From: Joice Hu
Subject: Teaching Intro to management Science
Dear Colleagues:
What software do you use in teaching LP/NLP, MILP other than Excel Solver in a course offer to Business students?
AMPL, Python, or, LINGO?
Thank you,
Joice Hu