Data Analysis • Describing data and datasets Introduction to Data Analysis and Decision Making • Making inferences from data and datasets • Searching for relationships in data and datasets Decision Making Uncertainty • Optimization • Measuring uncertainty • Decision analysis with uncertainty • Modeling and simulation • Sensitivity Analysis 1 What is Management Science? • Logical‚ systematic approach to decision making using quantitative methods. • Science
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Question 1: What is the significance of the pollution from plastic bags? What is the scale of this pollution problem compared to other forms of pollution? Answer: Pollution from plastic bags or bottles has involvement from the accumulated products made of plastic which in turn adversely affect the environment which consists of wildlife‚ and humans. It can affect lands‚ waterways like oceans and rivers. The biggest prominent factor for usage of plastic bags is due to inexpensiveness and durability
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GOVERNMENT INTERVENTION IN MARKET The Market Structures The complete economic activities are handled in four different market structures‚ namely perfect competition‚ monopolistic competition‚ oligopoly and monopoly. The nature and degree of competition varies among the all the above-mentioned four markets. In summarized manner we can describe that as the number of sellers increases‚ each firms’ ability to charge high prices reduces. If number of buyers increases then buyers practice
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Project Selection Matrix Project Charter Data Collected and analyzed Non- value added Process Map KPIV & KPOV Matrix WHY-WHY Analysis Cause & Effect Diagram Pareto Chart FMEA c. The major results and findings: In the Analyze phase‚ the data was analyzed with the Why-Why analysis and Cause and Effect Diagram. We found the root causes of the problems are due to insufficient resources for operation and lack of awareness which lead to majority of the organizational problem
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Articulation and Alignment: Statistics in West Virginia Middle and High Schools Amanda M. Crorken University of Phoenix Articulation and Alignment: Statistics in West Virginia Middle and High Schools The implementation of the 2002 No Child Left Behind Act establishes a necessity of every state to ensure that there is proper vertical alignment of curriculum in every subject (Clarke‚ Stow‚ Ruebling & Kayona‚ 2006; DuFour‚ DuFour‚ & Eaker‚ 2008). With a national push to align standards
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the Critical to Quality Characteristics So‚ now that we have identified what is important to the customer in workable terms‚ we can go to the second step. Always keeping the customer in mind‚ we can apply the concepts outlined in the Kano model diagram The Kano model is broken down into an (x‚ y) graph‚ where the x-axis of the Kano model represents how good we are at achieving the customer’s outcome(s)‚ or CTQ’s. The y-axis of the Kano model records the customer’s level of satisfaction as
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lakhs. List all customers whose name starts with ’ba’. List names of all customers in descending order who has taken a loan in Nasik city. Display customer details having maximum loan amount. Calculate total of all loan amount. Q.3) Draw a histogram to represent the following frequency distribution using MS Excel. Size of farm In hectares 1-20 21-40 41-60 61-80 81-100 101-120 No. of farms 12 38 16 5 3 1 [10 Marks] Q.4) Journal [10 Marks]
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Operations Management • Processes that Make Money for Company – – – – Producing Quality Product Selling Product Delivering the Product Collecting Payment for Product Create Sell Deliver Collect $ The CHITA Program Operations Management • Common direction for Operations: • Continuous Process Improvement – Top down dictated – Shortest path to long term income growth – Jerky‚ trial and error approach – Make part of company culture – Frequently changing
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working correctly and when it is not Current Process - PDSA PLAN: Identify and recognize problem DAV: intention ; lack of information accuracy and quality Control Tool can assist organizations to identify problems & possible causes DAV: Pareto & Control Chart Current Process: cont….. DO: Make the changes designed to correct or improve the situation DAV: DAV implemented a pilot measurement project (PMV) Employed an academic consultant Current Process: cont…. STUDY: Study the
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framework 10 7.0 Research Methodology 11 7.1 Measure and Sample 11 7.2 Research Findings 12 7.2.1 ENVIRONMENTAL CONCERN LEVEL 13 7.2.2UTILITARIAN BENEFIT 15 7.2.3 ENVIRONMENTAL ADVERTISEMENT 18 7.2.3ENVIRONMENTAL MARKETING 20 7.3 Histogram 23 7.3.1 Environmental Concern 23 7.3.2 Utilitarian Benefits 24 7.3.3 Environmental Advertisement 25 7.3.4 Environmental Marketing 26 8.0 Discussion 27 9.0 Appendix 28 9.1 Spread sheet of data (Enclosed in softcopy) 28 9.2 Sample
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