Question: Group Project Instructions 1. Project Details: Identify a problem statement where one or more decision(s) need to be made or where a situation needs

Group Project Instructions 1. Project Details: Identify a problem statement where one

Group Project Instructions 1. Project Details: Identify a problem statement where one or more decision(s) need to be made or where a situation needs to be evaluated. Provide a detailed description of the problem citing appropriate sources for your information/data and specify the assumptions you are making. Prepare the influence diagram, black-box diagram and model layout/design for the problem. Implement the base case model in Excel. How did you select the base case values? Perform suitable what-if analyses to get a better insight about the problem at hand. How does such an analysis help you with the decision or evaluation of the situation? Can you apply optimization techniques to your problem? If yes, how? If no, why not? 2 Instructiones.

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