assignment 3 MGT425

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MGT425-Assignment3.docx

Kingdom of Saudi Arabia

Ministry of Education

Saudi Electronic University

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المملكة العربية السعودية

وزارة التعليم

الجامعة السعودية الإلكترونية

College of Administrative and Financial Sciences

Assignment 3

Spreadsheet Decision Modeling (MGT 425)

Due Date: 30/04/2022 @ 23:59 (End of Week 13)

Course Name: Spreadsheet Decision Modeling

Student’s Name:

Course Code: MGT 425

Student’s ID Number:

Semester: 2

CRN:

Academic Year: 2021-22-2nd

For Instructor’s Use only

Instructor’s Name:

Students’ Grade:

Marks Obtained/Out of 10

Level of Marks: High/Middle/Low

General Instructions – PLEASE READ THEM CAREFULLY

· The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.

· Assignments submitted through email will not be accepted.

· Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.

· Students must mention question number clearly in their answer.

· Late submission will NOT be accepted.

· Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.

· All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).

· Submissions without this cover page will NOT be accepted.

Learning Outcomes:

No.

Course Learning Outcomes (CLOs)

Question Number

CLO1

Find some structured ways of dealing with complex managerial decision problems.

Question 1

CLO2

Explain simple decision models and management science ideas that provide powerful and (often surprising) qualitative insight about large spectrum of managerial problems.

Question 2, 3

CLO3

Demonstrate the tools for deciding when and which decision models to use for specific problems.

Question 4

CLO4

Build an understanding of the kind of problems that is tackled using spreadsheet modeling and decision analysis.

Question 5

Assignment Instructions:

· Log in to Saudi Digital Library (SDL) via University’s website

· On first page of SDL, choose “English Databases”

· From the list find and click on EBSCO database.

· In the Search Bar of EBSCO find the following article:

Title: “Modeling Autonomous Decision-Making on Energy and Environmental Management Using Petri-Net: Case Study”.

Author: Niken Prilandita, Benjamin McLellan, Tetsuo Tezuka.

Assignment Questions: (Marks 10)

Read the above case study and answer the following Questions:

1. Explain the Autonomous Decision Making that can be taken by managers in business organizations (150-200 words) 2 Marks

2. What are the reasons that many countries around the world are gradually shifting towards sustainable energy options? (150-200 words) 2 Marks

3. Elaborate the global agenda and technological challenges for creating a more sustainable environment. (150-200 words) 2 Marks

4. Why energy decision-making functions are occurred at various stakeholder levels, and how the decisions made by one stakeholder may affect others in the total energy system? (150-200 words) 2 Marks

5. What you have learned from this study and how it is beneficial for you as a management professional (150-200 words) 2 Marks.

Answers: