This study explores how pre-service mathematics teachers build alternative model simulations of real-world scenarios. Inclusion in the formal structures for wealth generation and accumulation is a fervently debated issue in South Africa. Share owning in companies listed on the Johannesburg Stock Exchange (JSE) in South Africa is one of many…

Statistical modeling is a core component of statistical thinking and has been identified by several countries as a curricular goal for secondary education. However, many secondary teachers have minimal preparation for teaching this topic. The goal of this research study is to learn about teachers' perceptions of the role statistical models play in…

Single-period inventory models with uncertain demand are very well known in the business analytics community. Typically, such models are rule-based functions, or sets of functions, of one decision variable (order quantity) and one random variable (demand). In academics, the models are taught selectively and usually not completely. Students are…

In recent years, there has been some dispute over the appropriate way to model decision making in professional sports leagues. In particular, Szymanski and Kesenne (2004) argue that formulating the decision-making problem in a noncooperative game leads to radically different conclusions about the nature of competition in sports leagues. The author…

Deals with decision-making in the light of monetary values, with emphasis on minimizing educational losses. (Author)

To learn something of the experience Canadian administrators have had in the use of quantitative models, a brief questionnaire was sent to 126 Canadian educational agencies. Presents some categorical statements about the experience reported, and gives author's opinion on what has caused the present condition. (Author/JF)

The model considered in this paper, the G.A.M.E. Educational Planning Model, provides a means of studying the interrelationships among education, manpower, and the economy. The model was originally constructed for use at the Training Seminar, Global Accounts for Manpower and Education (G.A.M.E.), held in Dublin, Ireland, September 4-20, 1967.…

The purpose of the Pilot Training Study is to produce tools with which to analyze the pilot training process of the Air Force in terms of the resources required to train pilots and the cost of pilot training. These tools allow examination of the training courses themselves, and also of the policy factors which drive the need for pilots. The tools…

This paper explains some of the problems with, and their importance to the application of, the Cross-Impact Matrix (CIM). The CIM is a research method designed to serve as a heuristic device to enhance a person's ability to think about the future and as an analytical device to be used by planners to help in actually forecasting future occurrences.…

This document dates from 1966 and is thought to be primarily useful in allowing the reader to trace the evolution of this model from its earlier stages to completion. M.E.T.R.O. is a gaming simulation which uses techniques of war gaming as a tool for coping with current and anticipated urban problems. At this stage in its conception, M.E.T.R.O.…

In professional training of librarians, mathematical modeling can be useful in relatively sophisticated library management games if the models simulate the provision and use of library services. (33 references) (MM)

Decision-making processes were investigated in a laboratory analogue of clinical diagnosis and through computer simulations of decision making. The data indicated that nonprobabilistic theories can provide plausible and complete accounts of decision behavior and can improve quantitative accuracy of predictions that are based on traditional…

Procedures based on latent trait models and the Rasch model are described for computation and asymptotic statistical inference for two decision consistency indexes often used in mastery or competence testing. Simulations were conducted for typical mastery testing situations to illustrate the procedures. (SLD)

This study sought to develop a predictive model for use by educational decision makers in establishing junior colleges, as more needs and costs become known and more precise bases for judgment are needed. Decision-making models were considered suitable for this study. Correspondence with officials produced a valid list of criteria and identified…

The use of games and gaming, which are simulated decision making, is examined in a paper addressed to the manager and administrator in higher education. Focus is on the use of games in situations of resource allocation for budgeting and long-range planning. Basic definitions and concepts are presented, followed by a discussion of the scope and…