Titlebook: Operations Research and Management; Quantitative Methods Franz W. Peren,Thomas Neifer Textbook 2024 The Editor(s) (if applicable) and The A

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Sequencing Problemsproblems aim to achieve uniform resource utilization and minimize machine setup costs. Solutions can be approached using mathematical optimization methods for exact solutions or heuristic methods for good but possibly non-optimal solutions. In this work, sequencing problems are presented using examp

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Regression Analysis Using Dummy Variables a forecast into the future using historical data. Dummy coding is required when categorically independent variables are to be included in a multiple regression analysis. In the business context, for example, different customer groups can be differentiated based on categorical characteristics.

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Heuristic Methodsristics are rules of thought that speed up the solution of complex problems, even though they often lead to satisfactory rather than optimal results. They are particularly valuable in solving optimization problems in the context of operations research. Heuristics are guided by principles such as fac

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Simulation Processes in Business and Economics: Fundamentals of the Monte Carlo Simulationosteffectiveness, risk mitigation, and efficient testing of improbable situations. Monte Carlo simulations facilitate decision-making by creating realistic experimental models for various operations research purposes.

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Network Analysis Method to provide valuable insights into project planning and critical path analysis. This paper describes its practical application using modern project management software and presents an Excel-based approach to creating diagrams.Understanding these methods provides project managers with important tools

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The Peren Theoremorem establishes a mathematical relationship that shows that human consumption of natural resources, if it exceeds the Earth’s regenerative capacity in the long term, will lead to the complete depletion of the planet’s natural environment. This article discusses the urgent need to shift to sustainab