PROFIT MAXIMIZATION [See Chap 11] 1 Profit Maximization • A profit-maximizing firm chooses both its inputs and its outputs with the goal of achieving maximum economic profits 2 Model • Firm has inputs (z1‚z2). Prices (r1‚r2). – Price taker on input market. • Firm has output q=f(z1‚z2). Price p. – Price taker in output market. • Firm’s problem: – Choose output q and inputs (z1‚z2) to maximise profits. Where: π = pq - r1z1 – r2z2 3 1 One-Step Solution • Choose (z1‚z2)
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implementation‚ and are used to assess performance outcomes at the completion of the implementation process. These elements are referred to as input‚ process‚ and output controls‚ respectively. INPUT CONTROLS Input control is that marketing strategy cannot be implemented correctly unless the proper tools and resource are in place for it to succeed. Elements of input control are recruiting‚ selecting‚ and training employees‚ and also financial resource. These control activities include resource allocation
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context diagram shows us that the source of information‚ the customer has 2 inputs. The inputs are purchases and coupons. The sink‚ also the customer‚ is receiving three outputs. The outputs are reports‚ tailored promotions‚ and coupons. In figure 6-2‚ the level-1 diagram‚ we are shown multiple inputs from multiple sources. Although the outputs remain the same as in the context diagram‚ because of additional inputs from additional sources‚ these diagrams are not balanced. In order to balance
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ELECTRONICS LOCK A Report of the project for the fulfillment of the requirement of NIRMAAN (Electronic Hardware Model Exhibition) Sankalp-2009 Submitted By PRAGNYASINI PANIGRAHI (EIE) 200860192 SIBANI SAIDARSANI (ECE) 200860316 ANKITA PANIGRAHI (EIE) 200810202 Organized By Electronics Hobby Club‚ NIST |[pic] |[pic]
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6. Organisation chart sales team (incl. role‚ responsability‚ …) 8.Budget: input and output Companies spend time and resources in developing a sales budget for the smooth functioning of the sales function. There is a difference between the sales budget which is the turnover and the budget of the sales which is the budget of the sales department. For the sales plan‚ the budget of the sales department is useful to us‚ this budget contains: -Budget of Sales Costs -Promotion Budget -Administrative
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Document Automation using HP Exstream Dialogue. • Design and Development of various types of Letters‚ Forms and Statements in HP Exstream Dialogue using Page‚ Document‚ Section‚ Paragraph & Messages. • Design and Development of various types of outputs like Post Script‚ PDF‚ PCL‚ and AFP & Meta code. • Worked in printing projects which uses Hp Command Center. • Worked on Maintenance‚ Enhancements‚ Development‚ Migration and Support projects. • Supported team members to resolve ST/SIT/UAT defects
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often sees the task as laborious. They will put it off as long as possible and then do it hurriedly - leading to mistakes and inaccuracies. Automating the process and allowing labor transaction data to be input from multiple devices reduces the time spent on the process and makes it much simpler to input the transactions accurately. Attendance Monitoring System not only reduces the time required to complete payroll tasks‚ It will help
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Pure Linear Transfer Function • Hard Limit Transfer Function • Log Sigmoid Transfer Function Neural Network Structures: • Feed Forward Network - Information flow is unidirectional‚ information processing is parallel‚ memory less‚ cannot modify output based on error • Recurrent ( or feedback) Network – Information travelling in both directions‚ learn from mistakes‚ dynamic in nature • Feed Forward Back Propagation Network How ANN Functions? ANN functions through learning. Like human beings
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inventory system is very important in every organization because a good purchase and inventory management can create excellent productivity. Primarily‚ i6nventory work consists of input‚ output and restock. Input is a process of buying new products into the inventory and replacing the old products with the new ones. Meanwhile‚ output is a procedure of taking out the products from the inventory for sales or usage and refill is a process of increasing the number of existing products in the inventory in order
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pressure (analog type output) with pressure and level measurements‚ the pressure sensor set at the bottom of the vertical column of unit ty3oa/ev is used. Definition of an Analog Variable: An analog measurement ring permits the generation of a D.C. voltage which behavior follows the water level in the column; this means that each value of the column corresponds to only one value of the output voltage. So there is analogy between the level and the variable representing it (output voltage of the measurement
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