Management Decision Making:
Spreadsheet modeling, analysis, and applications
George E. Monahan
University of Illinois at Urbana-Champaign
August, 2000 ISBN 0 512 78118 2
Decision Making is a spreadsheet-based introduction to the tools and
techniques of modern managerial decision making. The author shows
how to formulate models in Microsoft Excel that can be used to analyze
complex problems taken from all of the functional areas of management,
including finance, marketing, operations, and human resources.
Throughout the book, the goal is to understand how business decisions are
reached, what tradeoffs are made, and how outcomes depend on the
A broad range of analytical methods is discussed, including linear programming (with an emphasis on post-optimality analysis), integer linear programming, decision analysis, decision trees, queues (including the optimization of queues), and Monte Carlo simulation. Included is a CD-ROM that contains Excel files for all examples in the book plus the widely-used decision tree software TreePlan and simulation software Crystal Ball.
The book is aimed at undergraduate and graduate students in business administration, economics, and engineering, including those taking MBA courses. It will also be of great interest to business managers who want to learn more about practical spreadsheet modeling.
|Table of Contents||
html files that are referenced in Table 0.1 in the Preface to the book are in the
self-extracting zip file whose link follows these instructions. To
install these html files on your computer, do the following:
1. Create a folder on your hard drive labeled "c:\Applications" (or some other suitable drive and name).
2. Click on the link that follows and choose "Run this program in its current form."
3. Click on "Yes" when asked if you wish to run the executable program that is listed.
4. When prompted for the name of the file to which the files should be stored, browse to "\Applications" (or whatever folder was created in Step 1). Then click on "unzip". The html files will be unpacked into the folder that is specified.
5. To view the applications discussed in the Preface, double-click on the file \Applications\readings.html. (Alternatively, launch your web browser and open the file \Applications\readings.html.)
The link to the self-extracting zip file is:
The names of the files TLPPoint.class and TLP.class are interchanged. Rename TLP.class to some temporary name, such as TLPx.class. Then rename TLPPoint.class to TLP.class. Finally, rename TLPx.class to TLPPoint.class.
typographical errors that are known as of December 20, 2002 are in the
Adobe pdf file whose link follows. Use the (free) Adobe Reader to
view/print this file: BookErrata.pdf
|The typographical errors that are known as of
December 20, 2002 are in the Adobe pdf file whose link follows. Use the
(free) Adobe Reader to view/print this file: SolutionsErrata.pdf
|Contact the Author||Your
comments, suggestions, and criticisms on any aspect of Management
Decision Making would be greatly appreciated. Please contact the
author via email at mailto:email@example.com
or via surface mail at G.E. Monahan, Department of Business
Administration, University of Illinois, 1206 South Sixth Street,
Champaign, IL 61820.
examination copy of this book can be ordered from the Cambridge
University Press web site.
The following supplemental
material is available to instructors who adopt this book for classroom
This material is only available to instructors who use the book in the classroom. To receive directions for downloading the material from the web, please send a request via email to the author.
|About the Author||
E. Monahan (Ph.D., Kellogg Graduate School of Management, Northwestern
University) is Professor of Business Administration in the College of
Business at the University of Illinois,
Urbana-Champaign. He has held previous faculty appointments at Washington University
in St. Louis and at the Georgia Institute of Technology.
He was also a Visiting Scholar at the London School of Economics.
Monahanís research deals with the analysis of strategic issues in
manufacturing, operations, and marketing management. Of particular interest are problems characterized by a high
degree of uncertainty, examples of which include the development of
capital acquisition strategies for batch manufacturing firms, the
determination of optimal advertising and pricing strategies, and the
efficacy of certain cost allocation policies.
He has also worked on applications of game theory in marketing and
This research has been published in major scholarly journals such
as Management Science, Operations
Research, Naval Research Logistics,
European Journal of Operational Research, Journal
of Operations Management, Games and Economic Behavior, IIE Transactions,
Manufacturing & Service Operations Management, and Marketing
Professor Monahan has taught a variety of courses in operations and management science at all levels. He was the recipient of an MBA Alumni Award for his contributions to the MBA program.
Other interests: reading (science, mathematics, technology, music, biography, mysteries), listening to classical music (an incomplete list of favorite composers in no special order: Sibelius, Tchaikovsky, Mahler, Shostakovich, Beethoven, and Bach), playing fiddle music on the violin, and shooting pool (14-1 straight pool and 8 ball).
Professor Monahan's wife, Susan I. Cohen, is also a professor in the Department of Business Administration. They have two children, Aili, a graduate of Bryn Mawr College, and David, an aspiring actor.
G.E. Monahan, August 26, 2003