SENSITIVITY ANALYSIS The solution obtained by simplex or graphical method of LP is based on deterministic assumptions i.e. we assume complete certainty in the data and the relationships of a problem namely prices are fixed‚ resources known‚ time needed to produce a unit exactly etc. However in the real world‚ conditions are seldom static i.e. they are dynamic. How can such discrepancy be handled? For example if a firm realizes that profit per unit is not Rs 5 as estimated but instead closer
Premium Linear programming Optimization Operations research
ITEM ANALYSIS Facilitator: Marelen H. Amanuence Item analysis is a process which examines student responses to individual test items (questions) in order to assess the quality of those items and of the test as a whole. 1) Item Difficulty(Di) The percentage of pupils who got the item right 2) Item Discriminating Power (Dp) Indicates the difference between high and low achievers Item analysis procedures for classroom test 1. Score the papers and rank them from highest to lowest. 2. Separate
Premium Psychometrics Test score Scores
Business analysis Also known as cost benefit analysis reviews the sales‚ costs and benefit projection of a new product. Every company must have profit motivated objective with the new product. Now it’s time to analyze whether the new product is able to fulfill the profit making objective of the organization or not. Business Analysis is a structured methodology that is focused on completely understanding the customer needs‚ identifying how best to meet those needs‚ and then “reinventing” the stream
Premium Marketing Cost Cost-benefit analysis
Chapter 1 INTRODUCTION Situation Analysis Technology has unquestionably made our lives easier. In essence‚ grading is an exercise in professional judgment on the part of instructors. It involves the collection and evaluation of evidence on students’ achievement or performance over a specified period of time‚ such as academic semester and entire school year. Through this process‚ various types of descriptive information and measures of students’ performance are converted into grades
Premium University Academic term High school
CIVL 1101 Sieve Analysis - Introduction 1/7 Mechanical Analysis of Soil Mechanical Analysis of Soil As complex as it is‚ soil can be described simply. It consists of four major components: air‚ water‚ organic matter‚ and mineral matter. Mechanical Analysis of Soil The structure of soil determines its suitability for concrete‚ road subsurface‚ building foundation‚ or filter media. Soil has four constituent parts: Sand is any soil particle larger than 0.06 millimeters (0.002 inches)
Premium Particle size distribution Sieve analysis
CVP ANALYSIS / BREAK EVEN ANALYSIS Break-Even Analysis Introduction Break-Even Analysis-Volume-Analysis is a systematic method of examining the relationship between changes in volume (that is output) and changes in Sales Revenue‚ Express and Net Profit. As a model of these relationships‚ Break-Even Analysis simpifies the real-world conditions which a firm will face. The objective of Break-Even Analysis is to establish what will happen to the financial results if a specified level of activity
Premium Variable cost Costs Fixed cost
Starbucks Corporation: A Business Analysis Introduction Starbucks has built its reputation to be considered as an innovative connoisseur of gourmet beverages. Starbucks strives to provide a genuine‚ artistry atmosphere to communities seeking to indulge in high quality gourmet products ranging from coffee‚ tea and pastries. Starbucks mission statement "seeks to inspire and nurture the human spirit-one person‚ one cup and one neighborhood at a time." (“Mission Statement | Starbucks Coffee Company”)
Premium Coffee Starbucks Coffeehouse
What is Customer Analysis? June 9th‚ 2008 by Doug Bright Customer analysis is the process of determining customer segmentation‚ value‚ purchasing behavior and motivation in order to better target marketing and increase sales. Well‚ that sounds ok in theory but is perhaps a bit too abstract for practical use. Practically speaking‚ what is customer analysis‚ really? The crux of customer analysis is that all customers are not created equal. Companies have some customers who are worth their weight in
Premium Marketing Customer Sales
Chapter One Analysis Based on the Excel Problem of chapter one‚ if the total capacity for this business is 725 will you stay in it? If you want to stay in it what price you need to obtain a break even point of 725? On Problem #4 the Break-Even Analysis was as follows: Price per Unit $1.50 V. Cost per Unit $0.50 Total Fixed Cost $750.00 Break Even in Units= Fixed Cost Unit Contribution margin= Unit Contribution Margin (Price per Unit – V. Cost per Unit) = 750/ (1.50 - .50)
Premium Variable cost Marketing Standard deviation
Leiker MGT599 Module 3 Case: Internal Analysis and SWOT Analysis Dr. Kenneth McGee Introduction Strategic planners analyze Strengths‚ Weaknesses‚ Opportunities‚ and Threats (SWOT) to determine internal and external threats to a company. “The SWOT analysis is a business tool available in the tool box of any small business owner” (Zahorsky‚ 2009). An internal analysis specifically covers the Strengths and Weaknesses portion of the SWOT analysis. The intent of this paper is to perform
Premium Coca-Cola Strategic management Resource