Advanced Quantitative Methods Research Topic

[graddygirl7]

Hello All. I could really use some assistance in coming up with a project topic. My professor offered one topic as a suggestion which was hotel overbooking. I asked for more examples, but did not receive any. We are only a few weeks into the class and so far have only used the Monte Carlo Sim/Crystal Ball to solve problems. I'm just at a total loss of ideas at this point. My main block is knowing that they want us to use real company data and have a contact person. My main contacts are in the banking world, however, I personally don't know a lot about the inter working of a bank. Any ideas are appreciated as they might get my mind flowing in the right direction. Thanks.

By Friday, I have to submit a project memo:

Write a memo explaining your proposed project and identifying the individuals whose permission you have obtained to use the organization’s data.

Here's the detail of the paper:

You will submit a 10-15 page APA format paper, which contains the following:

• Identify the question you are trying to answer or problem you are trying to understand. Give the organizational context and your motivation for this particular project. Interview at least one manager at the organization for their perspective on this issue and how it contributes to the organization’s ability to perform its mission. 10% of the total project grade.
  
• Background research on how other organizations have handled this issue. Expect to do academic/library research in the business literature and trade journals from the industry in question. Explain very carefully what has been done and how successful it was at other organizations. 20%
  
• Based on your research and course reading, identify the appropriate quantitative technique to use for analysis for this project. Explain why this is the correct method to use. This may be from regression analysis, forecasting, probabilistic modeling, or linear programming. Other techniques may be used only with instructor’s approval. 10%
  
• Identify, get permission to use, collect and organize data required to do the analysis. Carefully document the source of the data. 10%
  
• Analyze the data, using the appropriate techniques. Explain what you did, keeping technical details not of interest to management in an appendix. Supporting materials, such as data samples, regression results, etc. must be included in the appendix. Interpret your results, giving advice on how to use these results in the organization. 30%
  
• Discuss the ethical implications and/or data integrity issues as applicable. 10%
  
• Compare your results to what you found in your research. Identify directions for further research. What surprised you? What did you learn? 10%
  

[resumebuilder]

I asked for more examples, but did not receive any. We are only a few weeks into the class and so far have only used the Monte Carlo Sim/Crystal Ball to solve problems.