In the final project, your group is required to apply an operations management technique we discuss in the class to a real-life problem. For instance, previous students have worked on using forecasting methods to forecast the demand of Starbucks, calculating the breakeven point of a local grocery store, analyzing Ikea’s store layout etc. Your group needs to collect some real-life data in your project. Not all data have to be real, but at least a significant portion of your data should be.
Two parts of write-ups are required for your project: a project proposal report (10%) and a final project report (10%). See the “Course Schedule” part of this syllabus for due dates. The project proposal report, ideally, can serve part of the FIRST 2-5 PAGES of your final project report, depending on how much preliminary analysis you have conducted. Proposal should usually include at least 1) Background information of the project. The objective you want to achieve. 2) A detailed data section: discussion of data source and nature of the variables involved in the analysis. 3) Preliminary analysis. That is, some exploratory analysis of the data set, summary, plots, and maybe some preliminary calculation. 4) Proposed work from now till the final project to be turned in. 5) List detailed references if suitable. Of course, the length as well as the content should largely depend on the problem each individual group is facing.
For the final project report, A 6-8 PAGES write-up (besides the title page and all your calculations and supporting materials, such as tables and figures) should be formatted:
1. Double spaced.
2. Font size no bigger than size 12 in Book Antique or Times New Roman.
3. Page margin should be no larger than 1.25” on any side.
I recommend you to organize your final report as below:
Introduction: briefly introduce the background and other necessary information. This section should be less than one page.
Problem Definition: Define the problem your group will be working on and defend why your proposed technique would apply.
Calculation: Show your calculation and results in this section. You are responsible for read-proof all the numbers and results.
Discussion and Analysis: Discuss your results. Focus on how your results help solving the problem and what the implications are.
Conclusion: Wrap up your write-up with a short conclusion that is supported by your results.
Both reports should be submitted as a single file, in either Word or PDF