Business Modelling for Decision Making Version 1.0 Flexible Learning Helping you bring Learning to Life Published by The University of Sunderland The publisher endeavours to ensure that all its materials are free from bias or discrimination on grounds of religious or political belief‚ gender‚ race or physical ability. These course materials are produced from paper derived from sustainable forests where the replacement rate exceeds consumption. The copying‚ storage in any retrieval system
Premium Decision theory Decision tree Decision making
Business Modelling Revision Mutually exclusive event- add the probabilities together to find the probability that one or other of the events will occur. E.g men/woman P(A or B)= P(A)+P(B) Non mutually exclusive- shared characteristic P (A or B)= P(A) + P(B) – P(B+A) Independent events – outcome is known to have no effect on another outcome P (A+B) = P(A) X P(B) Dependant events- outcome of one event affects the probability of the outcome of the other. Probability of the second event said to be dependent
Premium Normal distribution Probability theory Poisson distribution
Data Analysis and Decision Modelling Decision Modelling Assignment Golf Course Design Paradise Palm Golf Club INTRODUCTION Golf Course Design is based on a specific planning horizon‚ such as holes‚ types and acreage. Golf Course Design models are use a method which is show us how many different types of the holes to build based on player entertainment‚ so the subject need to have some limitations. The new golf couse needs to configure to maximise golfer enjoyment and meet the town’s needs
Premium Golf
Consumer as Decision Makers Consumer decision-making Stage 1: Need recognition Stage 2: Pre-purchase search Stage 3: Evaluation of alternatives Stage 4: Purchase Stage 5: Post-purchase behavior Stage 1: Need recognition Needs Motivation Goal If goals not achieved‚ renewed motivations Motivation – the driving force to take action produced by a state of tension due to unfulfilled needs. How to identify consumer needs? Consumer research Activity analysis (process-oriented) Problem analysis
Free Decision making
The Principal as a Decision Maker. A school principal is an education administrator who oversees the day to day operations of the school. He or she offers instructional leadership to everyone in the school. These include the administrative staff‚ faculty and students. The role of a school principal is that of a guide to the students as well as a disciplinarian. There is much more to the position than that‚ however it is a complex job that offers numerous challenges‚ each day different from the day
Premium Decision making
making decisions under risky conditions. For example‚ as a contractor my husband has been laid off twice in the past three years‚ however we decided to buy a house. There were many things that could have happened that would have ended our dream‚ but in the end it all worked out and it was worth the risk. 3-17 (use QM) ( a) What type of decision is Ken facing? Ken is facing a decision under uncertainty. ( b) What decision criterion should he use? Since Ken is an optimistic decision maker
Premium Decision theory Decision making Risk
GB540:01 Economics for Global Decision Makers Week 3-Unit 3 Dr. Barbara-Leigh Tonelli May 15 2012 I. Introduction II. Competition for talent A. Recruiting III. Utilizing talent A. Cost B. Fit or fire IV. Ability to find talent A. Steps B. Actions V. Ability to attract talent A. Benefits B. Reputation VI. Ability to retain talent A. Communication B. Opportunities VII
Premium Employment Management
"Cost Justified?" Prepare a 3-page analysis in outline form. In your analysis‚ discuss the appropriate stakeholders in the case‚ distinguish the stakeholder interests and responsibilities in the case and deduce the ethical recommendations to the business based on interests and responsibilities of stakeholders using examples from the case. Introduction • Who are the stakeholders in this case? • What are the interests of the stakeholders? Legal Analysis • Do any of the laws from
Premium Philosophy Law Scientific method
Pharmacy. The pharmacy sold approximately 9 glasses the first day totaling $.45 cents a day average. After John Pemberton passed away in 1888 the company rights were acquired by a business name named Griggs Candler for $2‚300 (The Coca Cola Company‚ 2011). Candler led the way for the innovative product to become a business. He began promoting the product on everyday products so that the logo was everywhere and the aggressive tactic worked. The demand grew so quickly that there three production facilities
Premium Coca-Cola
Assignment 1: Comparative Article Review Due: October 4th‚ 2010 The Evolution of Sanitation: How 19th Century Decision Makers Influenced Today’s Innovation By: Ryan Parkinson I. Introduction By the late 1800’s‚ the method of sewage treatment became a heated issue of debate among members of political parties. At the time‚ the belief was that poor health was a matter of fate. Health promoters‚ however‚ argued that‚ “disease arose from correctable environmental causes.”[i] Until the mid
Premium Epidemiology Wastewater Poverty