Programmed decisions . Programmed decisions are made in routine‚ repetitive‚ well-structured situations with predetermined decision rules. These may be based on habit‚ or established policies‚ rules and procedures and stem from prior experience or technical knowledge about what works or does not work in a given situation. For example‚ organisations often have standardised routines for handling customer complaints or employee discipline. Decisions are programmed to the extent that they are repetitive
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Contents 1) Find the distribution and report the mean and the standard deviation of the uncertain revenue in $ 1 2) What is the probability that this revenue will exceed $ 2‚250‚000? 1 3) What is the probability that this revenue will exceed $ 2‚500‚000? 1 4) What is the probability that this revenue will be less than $ 2‚150‚000? 1 5) What is the probability that this revenue will be less than $ 2‚000‚000? 1 6) HSBC offers to pay a sure sum of $2‚150‚000 in return for the
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Ben Bates graduated from college six years ago with a finance undergraduate degree. Although he is satisfied with his current job‚ his goal is to become an investment banker. He feels that an MBA degree would allow him to achieve his goal. After examining schools‚ he has narrowed his choice to either Wilton University or Mount Perry College. Although internships are encouraged by both schools‚ to get class credit for the internship‚ no salary can be paid. Other than internships‚ neither school will
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Case Problem RC Coleman Activity Description Immediate Predecessor A Determine equipment needs - B Obtain vendor proposals - C Select vendor A‚ B D Order System C E Design new warehouse layout C F Design warehouse E G Design computer interface C H Interface computer D‚F‚G I Install system D‚F J Train system operators H K Test system I‚J (a) (m) (b) Time Activity Optimistic Most Probable Pessimistic A 4 6 8
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But some experts have found the GM crops to solve this problems. In one way several peoples have opinion that GM crops increasing the supply of logistics‚ but others say the yields can bring the negative effect to human life. There are some reasons that GM crops bring the good effect to the human being. Firstly the plant with GMO’s are have many merits‚ such us it is resistance from germs‚ have higher nutrition and have much harvesting result. Secondly‚ the GM crops are not use that danger chemical
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Program1 Nathaniel Mc Murray Managerial Economics and Globali/ ECO 550 Strayer Univeristy Dr. V. Dolgopolov Program1 is an on-line music store that specializes in custom made music appliances programming‚ repairs‚ and the sale of personal computers‚ laptops‚ I-Pod’s‚ MP3 players‚ CD’s‚ instruments‚ and other devices associated with music. Program1 will use revenue from studio time sold along with any cash generated from entertainment events to help satisfy the entertainment services in the
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In 1966‚ the U.S. Supreme Court made a landmark ruling in the case of Miranda v. Arizona that established that a suspect has the right to remain silent and that prosecutors may not use statements made by defendants while in police custody unless the police have advised them of their rights. The case changed the way police handle those arrested for crimes. Before questioning any suspect who has been arrested‚ police now give the suspect his Miranda rights‚ or read them the Miranda warning. The
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Q.5 Solution Bill Denomination (X) Number of Bills (f) X*f X2*f $1 520 520 520 $5 260 1‚300 6500 $10 120 1‚200 12000 $20 70 1‚400 28000 $50 29 1‚450 72500 $100 1 100 10000 Total 1000 5‚970 129520 a. b. c. The probability that a bar containing $50 or $100 bill is purchased is 30 / 1000 = 0.03 Hence customer have to buy 100 bars of soap‚ so that he or she has purchased three bars containing a $50 or $100 bill. d. Given n=1000‚ E(X) = 5.97‚ SD(x) = 9.68912
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has more real-world effect on strategy than any plans developed at headquarters. How Managers’ Everyday Decisions Create—or Destroy— Your Company’s Strategy by Joseph L. Bower and Clark G. Gilbert Included with this full-text Harvard Business Review article: 1 Article Summary The Idea in Brief—the core idea The Idea in Practice—putting the idea to work 2 How Managers’ Everyday Decisions Create—or Destroy—Your Company’s Strategy 9 Further Reading A list of related materials‚ with annotations
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Chapter 8 Decision Support Systems Managers and Decision Making A decision refers to a choice made between alternatives. Why Managers Need the Support of Information Technology. It is very difficult to make good decisions without valid‚ timely and relevant information. Number of alternatives to be considered is increasing Many decisions are made under time pressure. Due to uncertainty in the decision environment‚ it is frequently necessary to conduct a sophisticated analysis
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