1. Give a concrete example showing the five-step process by which management science uses a simulation model to solve real world problems.
2. What were the causes of the 2010-2012 debt crises within the EU? What does this tell us with regard to the potential weaknesses of the euro? Explain your answer with a well-constructed and cogent response.
3. Explain the application of resource-leveling procedures to project activities over the baseline schedule using appropriate prioritization heuristics.