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7 feed from control to planning
It is realized these days more than even before that management control is primarily a human activity which should focus on how to help individuals do their jobs better. Feedback from to control to planning is a very fundamental and leads to a variety Reponses detailed below:
1. Changing of goals based on evaluation of goal.
2. Searching alternative measures of operating to save cost and survive in competition.
3. making predictions based on latest feedback.
4. Changing the operating process to avoid the weak links which reduces cumulative value to the customers.
5. Changing the reward system to revitalize working system.
6. Rest performances are systematically analyzed to explore alternative ways to improve future performance.
prepare all budgets
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Transition probabilities These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.
Linear Programming This section introduces the general method called the simplex algorithm, which is designed to solve any linear program. The information that can be secured
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Logan Products computes its predetermined overhead rate annually on the basis of direct labor hours. At the beginning of the year, it estimated that 39,000 direct labor-hours would
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