Wednesday, October 6, 2010

If you can learn one thing ...learn Excel

I am close to finishing up with the Operation Management class. We've been running a factory simulation for the last week. There are not a lot of knobs and buttons to push but enough for us to make couple of mistake and end up in the last place.

The toughest part was to comup with a good forecasting model. Even though the product was promised to mature after a certain amount of time, the simulation never did, and we've run out of capacity, loosing a bunch of revenue.

As far as Excel goes, we had a nice spreadsheet going and created couple of model, unfortunately none of them helped. I don't how how to make a nice forecasting model.

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