or goods is constant‚ the inventory model is called deterministic. However‚ when the demand rate is not constant and not deterministic‚ the inventory model is called probabilistic and is best described by a probability distribution. The minimum-cost order quantity and re-order policies are based on the assumptions of the demand rate. PROBABILISTIC INVENTORY MODELS 1. A single-period inventory model with probabilistic demand The single-period inventory model refers to inventory situations in which
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(SMCR) Model David Berlo’s Source Message Channel Receiver (SMCR) model is an expansion of Shannon and Weaver’s 1948 model of linear communication. The SMCR model is not specific to any particular type of communication‚ but applies to all communication methods‚ and can even be applied to any second language communication. This model of communication considers the source‚ message‚ channel‚ and receiver‚ as well as the importance of the psychological view in the communication model. Berlo’s
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Questions to Lecture 7 – IS-LM model and Aggregate demand 1. Draw Keynesian cross as a comparison of planned and realized expenditures. What is the intercept of planned expenditure line? What is its slope? If government expenditures would be positive function of output‚ how would the Keynesian cross change? We will go over this on the review session – easier to explain than on paper. The intersect point represents the equilibrium output. Black line – planned expenditures Blue
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Assignment 1 Organization diagnosis: A Review to Diagnostic model Summary An organization is an open system that is in constant interaction with its environment‚ taking in raw materials‚ people‚ information‚ and energy‚ converting these into products or services‚ and exporting the latter back into the environment but these organization need to regularly undergo the diagnosis of the current performance of the organization so that interventionists should be able to know whether the organization
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Models of Organizational Behavior LO 1 meaning and importance of ob o Explain key elements of organizational behavior L0 2 Discuss models of OB o Discuss Theories of management – x‚y‚z o Compare and contrast models of OB – autocratic‚ custodial‚ supportive‚ collegial and system OB Systems All organizations achieve goals by creating‚ communicating and operating s system. (Newstrom 27) Some systems are consciously created and regularly looked at and updated. The purpose of these systems is
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THE GAP MODEL OF SERVICE QUALITY Service Quality Quality of the service is the degree of conformance of all the relevant features and characteristics of service to all the aspects of the consumers’ needs limited by the price and delivery s/he will accept. Quality can be viewed from two perspectives: Internal quality specifications based on conformance to based on customer-perceived External quality quality Importance Of Quality For Service Marketers Gain competitive
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Business Model Assignment Part 1 Had been very busy lately finishing up on all the marking and a host of other stuff. Why is it that everything has to come together at the same time? Now I have to advise my students on completing their Business Model Assignment. My advise to them: "Do a little bit every day. Don’t wait until the week of submission and then try to cramp everything in one week. You will go haywire if you do that." There are four parts to the business model as required in the coursework
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In 2005‚ the Bureau of Justice Statistics did a study that of the almost 3.5 million crimes in America violent crimes committed against family members ‚ 49% of these were crimes against spouses. A police officer how responds to a domestic violence call can be a life or death situation. They must be able to recognize when an abusive situation is happening even without physical evidence. In other cases the abuser will not answer the door if he see the officer at the door. In the 1980’s the response
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century is more challenging than it was ever before. Leaders face many different challenges in an organization like globalization‚ increased competition‚ rapid change‚ and change in types of workers and related types of contracts‚ due to no purpose among workers‚ increase process management and decreased mobility and many other things. Leadership continuously gives challenges to the ability of the leader and to himself as a person. Things change; change brings challenge and no matter how good a leader
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Medical Model The Medical Model of health tries to treat people through the use of medicine and science‚ and it doesn’t take into account the social and emotional factors of how the injury‚ illness‚ or disease was caused or brought on. It looks at the root cause of the problem‚ rather than telling the patient how it happened so they can avoid making the same mistake again e.g. If a Smoker contracts throat Cancer‚ if he’s not told it’s caused by smoking‚ they he wont know not to smoke again
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