Quantitative Analysis for Management, 13/e

B

• Backward pass, 394

• Backwards stepwise procedure, 131

• Bad decisions, 63

• Bagwell Chemical Company, 361–362

• Balking, 430, 434

• Bank of America, 532

• Bayes, Thomas, 28

• Bayes’ Theorem

  • estimating probability values, 83–85

  • general form of, 28–29

  • probabilities and, 27–29

• Bell Laboratories, 531

• BEP. See Break-even point (BEP)

• Bernoulli process, 35–36

• Best level of service, 428

• Beta probability distribution, 391

• Bias, 153

• Bill of materials (BOM), 215

• Binary variables, 129

  • modeling, 363–368

  • modeling with 0–1 variables, 363–368

  • regression models, 129–130

• Binding constraint, 251

• Binomial distribution, 35–38

• Binomial formula and problem solving, 36

• Binomial tables and problem solving, 37–38

• Blake, Steve, 108–109

• Blake Electronics, 108–109

• Blending problems, ...