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Multi-stage decision making under risk (The use of decision trees)
Sequencing is concerned with the selection of an appropriate sequence or order of performing a series of jobs to be done on a finite number of machines or service facilities in some well defined technological order so as to optimize some measure of performance of the system, such as minimizing overall cost, total elapsed time. Decision trees are employed in solving sequential problems where there is an element of uncertainty. We use expected values to find the best alternative.A decision tree is valuable for many reasons including:
Application of Information technology in respect of management information system
Computing equivalents units and assigning costs to completed units and ending work in process; no beginning inventory or cost transferred in (30 -45min) Sue Electronics makes CD p
Q. What is the issue price for Bond A and B ? On December 31, 20x7, the Jill Corporation issued $20,000,000 of 15 year face value bonds. The bonds pay interest on June 30 and D
UNCERTAINTY OF DEMAND Demand is the most troublesome variable to predict accurately. Actually, demand may fluctuate from day to day, from week to week or from month to month. T
how do i calculate the actuarial gains or losses on the present value of plan obligations?
Implementation of ABC analysis The following steps are included in implementing the ABC analysis: 1. Categorize the items of inventories, establishing the expected use in un
Contribution margin Analysis Contribution Contribution is the difference between sales and variable cost or marginal cost of sales . if may also be defined as the excess
Profitability ratios The primary objective of a business under taking is to earn profits. Profit earning is considered necessary for the survival of the business. A business re
Markov Analysis It is a way of analyzing the current movement of some system in an effort to predict the future movement of the same system. There are two elements that must be
opening stock 19000 closing stock 21000 sales 200000 gross profit 25% on sales calculate stock turnover ratio
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