• Model Based Decision Making
    1. A building supply store is considering expanding its capacity to meet a growing demand for its products. The alternatives are to build a new store at a site nearby, expand the old one, or do nothing. Here is the regional economic outlook: a 60% chance that the economy will remain unchanged (stabl...
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  • Legal Environments and Business Decision Making
    CASE 1: FLASH AIRLINE FLIGHT 604 CASE 1. The French plaintiffs sued the Egyptian carrier Flash Airlines in France. Have a look at the Warsaw Convention of 1929 (research the text on the internet). Identify the liability rules for damage sustained in the event of the death and, separately, the clau...
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  • Business Decision Making General Notes
    Validity Validity ensures that a test is actually measuring what it is meant to be measuring. The aim of research is to derive relevant information from a problem or question. Research in the business world is used to make informed decisions based on relevant information. Considering validity du...
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  • Marketing for Decision Making
    Your Results for: "Concept Check Quiz " | Print this page | Site Title: | Marketing Management, 13/e | Book Title: | Marketing Management, 13/e | Book Author: | Kotler | Location on Site: | Chapter 4: Conducting Marketing Research and Forecasting Demand > Concept Check Quiz | Date/Ti...
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  • Decision Making Control
    Balanced Scorecard Advantages The first advantage of using the balanced scorecard method is that by looking at four aspects of a company's performance, you really do get a balanced view of company performance. Unlike traditional methods of tracking the financial health of a business, the balanced s...
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  • Decision Making
    An interacting group is less likely to make original decisions than Nominal or Delphi groups. Discuss. An interacting group, Nominal group and Delphi group are the dynamic decision making process, which is being used by many companies. Many researches have been made to find out which of these de...
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  • Quantitative Decision Making
    Chapter 6 – The Normal (Gaussian) Distribution Normal Distribution Normal distribution is important because most of the variables are distributed (or approximately distributed) as normal. Examples: Serum cholesterol, body temperature of healthy persons, test scores of standard exams family inco...
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  • Decision Making Biases
    * Availability heuristic * DM’s assess the likelihood of an event by the degree to which instances of that event are “available” in memory. * An event that is emotional or easily imagined and specific is more available than an event that is bland 1) Availability - ease of recall...
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  • Managerial Shortrun Decision Making
    Managerial Decision Making-Relevant information BY BUKENYA MOSES Lecturer, Makerere University Business School-MUBS. MSc. Accounting & Finance-Mak BCom Accounting-Hons., ACCA Level II, Email: mbukenya@mubs.ac.ug or mosesbukenya@yahoo.com Mobile Phone contact: +256772881525 MGT ACC by mosesbuken...
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  • Managerial Decision Making
    Decision Support Systems: Rule Based Expert Systems & Neural Networks ISL354E Managerial Decision Making 02-03.05.2012 Assoc. Prof. Dr. Dilay Çelebi Ä°TÜ Management Engineering Ä°TÜ Management Engineering- 02-03.05.2012 Managerial Decision Making 1 Rule Based Expert systems â...
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  • Final Exam Notes: Economic Decision Making (Supply and Demand)
    1. If a firm is able to properly calculate the price of a elasticity of demand for its products, it will be able to determine the market’s responsiveness, or sensitivity, to changes in price for a specific product and will allow the firm to more accurately forecast the effects on total revenue....
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  • Operations Research Decision Making Under Uncertainty
    Purdue University Leyla Ozsen IE 383 Fall 2005 DECISION ANALYSIS Making important decisions often requires treating major uncertainty, long time horizons, and complex value issues. To deal with such problems, the discipline of decision analysis was developed. The discipline comprises the philo...
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  • Mid-Term Decision Making
    October 15, 2012 Statistics 3309 - Notes, The Normal Distribution and Probability The Normal Distribution: Basic Probability 1. In addition to finding the indicated probability, shade the appropriate region of the standard normal distribution. (a) Find p(z ≤ 2.53) = The shaded region is...
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  • Decision Making
    Problem1: For the $50,000 loan case and the $1000000 store investment, put together a list of suggestions that would help minimize escalation behavior on the part of the decision maker. Suggestions: I have the following suggestions to reduce the individual escalation behavior. 1. The decision...
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  • Decision Making
    1. What issues would you take into account? The stakeholders welfare, responsibility towards the society (in this case it can be identified as United States or as broad as the global inhabitants) which includes environmental issues, and also the ethics. For sure one more important issue is profit...
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  • Decision Making in Marketing
    Question 1: MCQ Q: Emotional appeal works most negative when .. A: 1. the coping method lowers the probability of danger. 2. the likelihood of danger is high. 3. the feeling of guilt is highly present. 4. the coping method is easy to accomplish. 5. an mediate level of fear is felt...
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  • Decision Making
    Human performance in decision terms has been the subject of active research from several perspectives. From a psychological perspective, it is necessary to examine individual decisions in the context of a set of needs, preferences an individual has and values they seek. From a cognitive perspectiv...
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  • Decision Making Process Summary
    Chapter 2 The Decision Making Process Decision making nature is a process oriented function; this can be seen by looking at the various decision modules provided by experts on the subject. Although the steps might change, the essence of decision making is still a structured process. From a busines...
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  • Unit 6 Business Decision Making
    4 OUTLINE CONTENT 1 Be able to use a variety of sources for the collection of data, both primary and secondary Primary sources: survey methodology; questionnaire design; sample frame; sampling methods; sample error Secondary sources: internet research; government and other published data; b...
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  • Problem Solving and Decision Making
    CASE STUDY ON PRITHVI ELECTRICALS Should Gopal be hired? Although he has been offered the job Gordhandas should reconsider the role and responsibilities he is offering to Gopal as Entering into a new segment in the market requires stepwise planning and testing and taking feedback hence just by ass...
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