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Journal article
Engaging Students in Optimization Modeling: Gaining Business Disruption Insights
Transactions on education
08/25/2022
Abstract
How can students prepare for potential business disruptions? The approach shown in this paper uses optimization modeling with parametric sensitivity analysis and further broadens the search for insights with structural sensitivity analysis in a series of contextual exercises. The exercises prompt students to identify critical resources for business impact analysis by extending production planning to include scenario analyses and contingency considerations. During virtual office hours, one participant described the exercises in terms of a “mystery” to solve. For an open-ended contingency planning question, some participants even proposed new product design decisions. Upon conclusion of the study, 25 of the 28 participants recommended the exercises for future semesters.
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- Title
- Engaging Students in Optimization Modeling
- Publication Details
- Transactions on education
- Resource Type
- Journal article
- Copyright
- © The Author(s) This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License. You are free to download this work and share with others for any purpose, except commercially, if you distribute your contributions under the same license as the original, and you must attribute this work as “INFORMS Transactions on Education. Copyright ©2022 The Author(s).https://doi.org/10.1287/ited.2022.0279, used under a Creative Commons Attribution License:https://creativecommons.org/licenses/by-nc-sa/4.0/.”
- Identifiers
- 99380171559606600
- Academic Unit
- Business Administration; Lewis Bear Jr. College of Business
- Language
- English