Kent Jackson 11AM-12:20PM GB 202 Quantitative techniques are mathematical and reproducible. Regression analysis is an example of one such technique. Statistical analysis is also an example of a quantitative technique. Quantitative techniques are applied for business analysis to optimize decision making IE profit maximization and cost minimization. It covers linear programming models and other special algorithms‚ inventory and production models. Albert Humphrey‚ a management
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Linear Programming D.V. – Decision Variables O.F. – Objective Funtion S.T. or CONST - Constraints Constrained Mathematical Model – a model with an objective and one or more constraints EXAMPLE: 50D + 30C + 6M is the total profit for a production run($50 profit for Desk‚ $30 profit for Chair and $6 per pound for steel) Functional Constraints - ≤ ≥ or = --Restrictions that involve expressions with 1 or more variables EXAMPLE: 7d+3c+1.5M <= 2000 (constraint on raw steel) Variable Constraints
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1 BUSINESS RESEARCH ETHICS BUSINESS RESEARCH ETHICS RES/351 January 15‚ 2014 Aruna Abeyakoon Business Research Ethics The ethics in the business of research does refer to the code of conduct that would be expected to be observed while conducting the research. The ethical conduct applies to both the organization and the individual researcher of the conducting research. Such ethical behavior must be included in the steps of the research
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27‚27‚28‚28‚28‚29‚34‚37‚39‚40‚44‚44‚45‚50‚51‚56‚61‚61‚64‚65‚67 - The median of the wait times is 39 minutes. c. Find the range of the times. Range is defined as the difference between the largest and the smallest values in the data set. QNT 561 – Week 1 Problem Set 3 - The largest value in the set of times is 67 and the smallest is 23. - 67-23 = 44 d. Find the
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Name: Sun Puthir Alpha Yagouba Balde Class: MC0104 Quantitative Methods for Business Name: Sun Puthir Alpha Yagouba Balde Class: MC0104 Quantitative Methods for Business Case Study Chapter 4 North-South Airline: In January 2008‚ Northern Airlines merged with Southeast Airlines to create the fourth largest U.S. carrier. The new North-South Airline inherited both an aging fleet of Boeing 727-300 aircraft and Stephen Ruth. Stephen was a tough former secretary of the navy who stepped in as new president
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Preparing to Conduct Business Research: Part 3 RES/351 February 20‚ 2012 Age discrimination is existent. Older employees are defined as members of the “mature” generation (58 or more years old); younger employees are members of three generations—the Baby Boom (post World War II or 38 – 57 year olds)‚ Generation X (23 – 37 year olds)‚ and Generation Y (18 – 22 year olds). “The key to a company’s future success will be its adaptability – its capacity to deploy resources quickly to seize
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Word Count: 2‚647 Executive Summary The concept of opening a retail business at Western University London campus is not a new idea to Matthew Zabloski and Richard Joffe. The idea of Dunes Inc. came to them early in the year‚ and for the last several months they have been putting together a business plan. Dunes will offer tanning services and a variety of healthy living products to the persons using Western University facilities. They have the competitive advantage of being within walking distance
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Individual Assignment: Types of Surveys Question 5 on p. 270 of Business Research Methods. Patricia Figueroa November 17‚ 2009 Qnt 561 Christopher Ajagu In the following situations‚ decide whether you would use a personal interview‚ telephone survey‚ or self-administered questionnaire. Give your reasons. a A survey of the residents of a new subdivision on why they happened to select that area in which to live. You also wish to secure some information
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Business Research Paper by Jake Hall RES/351 Facilitator: Jeff Geffert Week 1 Assignment Due May 20‚ 2013 Submitted May 20‚ 2013 Introduction The purpose of business research is to allow a business to set itself apart from its competitors by gathering as much information on the industry that it can and utilizing that data to create unique methodologies and business practices. Researching a business will provide information on things such as what products consumers like or do
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CASE ONE Two advertising media are being considered for promotion of a product. Radio ads cost $400 each‚ while newspaper ads cost $600 each. The total budget is $7‚200 per week. The total number of ads should be at least 15‚ with at least 2 of each type‚ and there should be no more than 19 ads in total. The company does not want the number of newspaper ads to exceed the number of radio ads by more than 25 percent. Each newspaper ad reaches 6‚000 people‚ 50 percent of whom will respond; while each
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