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- explain the Markov model process, its use in making a business decision.Suppose you are a manager in some leading firm / organization. The owner of the firm wants you to uplift the profit of the firm by introducing some new commodity in the market. Explain all decision making process relating to successfully introducing your commodity in the market.United Garments is looking to implement Business Intelligence to improve the decision making capability within the organization. To which decision making level you will recommend United Garments to implement Business Intelligence and why?
- 28 When managers make decisions that are objective and for the best interest of the firm instead himself/herself, they are following the concept of A) escalation of commitment B) bounded rational decision making C) rational decision making D) intuitive decision making E) none of the aboveHow usefull are the Break Even Analysis and concept of operating leverage in making effective Business decision . ExpalinHow does the presence of uncertainty affect the usefulness of the model?
- Explore the websites of Iasta, IBM-Emptoris, and SciQuest; then explain what you feel each provides in the way of decision optimization software.ahmed's interest was crick. when he finished university, he wanted to work in a management job. he wanted to do his research project on some aspect of general management and social sciences, preferably for a sports goods manufacturer but had no research idea. he asked five friends, all taking business education degrees, to help him brainstorm the problem. you are requested to use the following problem-solving techniques to generate and refine the research idea in this business scenario. a) the technique of brainstorming b) the Delphi techniqueBusiness decision support systems, sometimes known as DSSs, provide assistance in making choices that require many steps.Describe the many components that make up the DSS. In what ways does DSS modify IT?
- understanding usefulness of “data-driven decision making”. Now consider this from a “business partner” perspective. How could data and metrics help strengthen relationships with their business partners? In other words, what value would this add to the business?1.For each of the following problem situations, write a clear statement of the problem and list the factors probably need to investigate. When necessary, you may use your imagination logically to supply any additional information needed Example: A manufacturer of breakfast cereals wants to attract a new demographic of customers.Problem Statement: What are the characteristics of the consumers of Breakfast Cereal Company X?Factors: Age Race Education Sex Income Level Etc. Carrefour wants to give its stockholders a summary of its operations for the past calendar year. The supervisor of Department X must prepare a report evaluating the performance of an administrative assistant. Baker, Inc., is experiencing higher than normal employee turnover.To what extent does linear programming factor into business evaluations?