COMPUTER MODELS FOR BUSINESS DECISIONS LECTURE 01: MODELLING BASICS Jojo Lartey Department of Information Technology Methodist University College Ghana Dansoman 11 March‚ 2013 Jojo Lartey (MUCG) MUIT 404 Lecture-One March 2013 1 / 25 Overview 1 2 3 4 5 6 7 L ECTURE O BJECTIVES INTRODUCTION MODEL BUILDING METHODS MODEL CATEGORIES STAGES OF MODEL BUILDING MODEL BUILDING TECHNIQUES SUMMARY Jojo Lartey (MUCG) MUIT 404 Lecture-One March 2013 2 / 25 L ECTURE O BJECTIVES
Premium Computer graphics Problem solving Computer simulation
Illuminations 3C ’s Model of Ohmae T he 3C ’s Model is a strategical look at the factors needed for success. It was developed by Kenichi Ohmae‚ a business and corporate strategist. The 3C’s model points out that a strategist should focus on three key factors for success. In the construction of a business strategy‚ three main players must be taken into account: CORPORATION 1. The Corporation 2. The Customer 3. The Competitors Only by integrating these three C’s (Corporation
Premium Marketing Cost Costs
ACKNOWLEDGEMENT I want to thank God before anyone or anything for been able to write this report‚ for giving me the knowledge and understanding on how to do it. I am also grateful to all those who have helped me directly and/or indirectly in preparing this report. I dedicate this report to my beloved mom (FaustaNdakidemi) who inspired me to go through all of these and gave me all the support I needed. I thank my family my sister Dr.ElithaMrema‚ my two brothers GoodluckMrema and FurahaMrema
Premium Microfinance Poverty Debt
The Job Characteristics Model Greenburg (2010) defines the job characteristics model as an approach to the job enrichment of employees. The model contained five core job dimensions that produced critical psychological states that in return lead to beneficial outcomes for individuals and their organizations. Work on the theory began around 1960 and the final draft was presented in 1980 in the book “Work Redesign” written by the designers of the model Greg R. Oldham and J. Richard Hackman. Hackman
Premium Job satisfaction Employment Organizational studies and human resource management
REVISED M05_REND6289_10_IM_C05.QXD 5/7/08 4:42 PM Page 52 C H A P T E R Forecasting Models 5 TEACHING SUGGESTIONS Teaching Suggestion 5.1: Wide Use of Forecasting. Forecasting is one of the most important tools a student can master because every firm needs to conduct forecasts. It’s useful to motivate students with the idea that obscure sounding techniques such as exponential smoothing are actually widely used in business‚ and a good manager is expected to understand forecasting. Regression
Premium Forecasting Regression analysis Exponential smoothing
What are the main limitations of the Solow model? Discuss with reference to theory and evidence. The Solow Model‚ also known as the neoclassical growth model or exogenous growth model is a neoclassical attempt created in the mid twentieth century‚ to explain long run economic growth by examining productivity‚ technological progress‚ capital accumulation and population growth. This model was contributed to by the works of Robert Solow‚ in his essay ‘A Contribution to the Theory of Economic Growth’
Premium Economic growth Economics
whole attempt to formalize the definition of business models when he wrote that " "Business Model" is one of those terms of art that were central to the Internet boom: it glorifies all manner of half baked plans. All it really meant was how you planned to make money." In an abstract of his paper "A Mesoscopic Approach to Business Models: Nano Research on Management" published in "Economic Issues in China" Dr. Junyi Weng stated that "Business Model‚ a well known important and extensively used term
Premium Business model Marketing Sales
Running head: Theoretical Models Theoretical Models Jennifer Finehirsh Grand Canyon University RDG 525 July 6‚ 2010 Abstract The following paper will address four different instructional approaches‚ as well as the theories‚ which influenced each of them. It will them have a rational for way these four where chosen and how they affect the school setting. Theoretical Models There are many ways to teach new concepts to students. The four ways that you will read about today is the direct
Free Education Teacher Intelligence
ADKAR model Lewin’s change model Kotter’s change model - ADKAR stands for Awareness‚ Desire‚ Knowledge‚ Ability and Reinforcement. Each word represents a step in the change process and must be done in order so that the desired change is achieved. - This model focuses on principles of change that are effective on an individual. Its focus is on how to change people. Steps - Awareness: To begin change‚ an individual must know what needs to change and why. What the risks for not changing are‚ benefit
Premium Management Kurt Lewin Leadership
Mundell -Fleming Model The Mundell–Fleming model‚ also known as the IS-LM-BP model‚ is an economic model first set forth (independently) by Robert Mundell and Marcus Fleming The model is an extension of the IS-LM model. Whereas the traditional IS-LM Model deals with a closed economy‚ the Mundell–Fleming model describes an open economy. The Mundell-Fleming model portrays the short-run relationship between an economy’s nominal exchange rate‚ interest rate‚ and output (in contrast to the closed-economy
Premium Foreign exchange market Bretton Woods system Macroeconomics