Subject: Operations Research Quiz: Model Question Paper Note: Tick ( √ ) the right answers & Fill-up the blanks wherever blanks are given Roll Number: Name of the Student: 1. For analyzing a problem‚ decision-makers should normally study (a) its qualitative aspects (b) its quantitative aspects (c) both (a) and (b) (d) neither (a) nor (b) 2. A model is (a) an essence of reality (b) an approximation (c) an idealization (d) all of the above 3. A physical model is example of (a) an iconic model
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Decision making from cognitive or normative perspective can be defined as the process of selecting best logical choice from various available options and choices. Majority of decisions in business are normative as they are based on logical decision making. Dr. Yost describes decision making as a concept on a continuum of conscientiousness and depth of deliberations. On one end of spectrum is conscious‚ well thought of‚ rational decision making‚ in between “real world” bounded rationality and at
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When you are making a decision there are six steps you want to follow they are; identifying and diagnosing the problem‚ generating alternative solutions‚ evaluating alternatives‚ making the choice‚ implementing the decision‚ and evaluating the decision. There are times in our lives when we have to make important decisions such as changing jobs‚ moving to a new state‚ buying a new house or going to school. For me this decision came a little over a year ago when I decided to go back to school and further
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Case Approach (Final Version) Page 1 Executive Summary • Background (1 paragraph) • Main issue • Recommendation a) Short term b) Long term c) Contingency plan Page 2 Analysis • Issues Identification • Key Areas of Focus – Use Heading and Bullet Points (e.g. Digital Canada Case) a) No support from GIA Group b) Loss of social status and control from management’s perspective c) Field sales employees’ concerns d) Change in corporate culture Page 3 Analysis • Key Areas of
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ETHICAL AND MORAL PERSPECTIVE MARCH 10‚ 2011 Question 1 A. Ethical Subjectivism says that how I feel or how I view or perceive is the acceptable standard; this is without consideration of any other view beside my own. It is the insistence that my belief is all that truly matter for that is how I determined thing to be. B. Romantic Sentimentalism states that human being in general is by nature good; and all been well‚ all things being equal will express goodness out of the pureness of his
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INTRODUCTIONHaving reflecting the WWI and the anti-war oppositions of our author Kurt VonnegutSlaughter House 5 can be considered as one of the significant works of post modern American literature. In this work I am going to criticize this book regarding the elements of the Archetypal Approach; that is‚ the hero‚ his quest and sacrifice‚ mother earth and father sky‚ and elements of the world. HERO‚ QUEST AND SACRFICENormally the term hero reminds the reader a robust and glorified character; however
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Home "The physician treats‚ but nature heals." Hippocrates THE HOLISTIC APPROACH By definition‚ the word "holistic" means: "relating to or concerned with wholes or complete systems rather than with the analysis of‚ treatment of‚ or dissection into parts -- medicine which attempts to treat both the mind and the body." As such‚ true holistic therapies must include more than just a set of symptoms to be addressed. They must consider the
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SELECTING A DEVELOPMENT APPROACH Original Issuance: February 17‚ 2005 Revalidated: March 27‚ 2008 Introduction A system development methodology refers to the framework that is used to structure‚ plan‚ and control the process of developing an information system. A wide variety of such frameworks have evolved over the years‚ each with its own recognized strengths and weaknesses. One system development methodology is not necessarily suitable for use by all projects. Each of the available methodologies
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are wrong. When it comes to implementing the ethical decision making model‚ we first have to identify the problem and determine what type of issue this is ethical‚ legal‚ or clinical or can it be a combination of more than one? If there is legal advice required‚ it is best to seek advice from legal counsel before making a determination. Secondly‚ the counselor must consider any state or professional Codes of Ethics that could help in the decision making process. In this case it is best to analyze
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Holistic Marketing approach: According to Philip kotler‚ “Holistic marketing is the concept based on the development‚ design and implementation of marketing programs‚ processes‚ and activities that recognizes their breadth and interdependencies.” Four components of holistic marketing are relationship marketing‚ internal marketing‚ integrated marketing and socially responsible marketing. * Internal marketing- This is where the company focuses on internal organization and carries out marketing
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