Share on emailShare on printShare on linkedinShare on twitterShare on facebookMore Sharing Services Fishbone Diagram Background The Cause & Effect‚ or Fishbone Diagram‚ was first used by Dr. Kaoru Ishikawa of the University of Tokyo in 1943 - hence its frequent reference as a "Ishikawa Diagram". This diagram is used to identify all of the contributing root causes likely to be causing a problem. This methodology can be used on any type of problem‚ and can be tailored by the user to fit the
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The ANOVA Table Printer-friendly version For the sake of concreteness here‚ let’s recall one of the analysis of variance tables from the previous page: In working to digest what is all contained in an ANOVA table‚ let’s start with the column headings: (1) Source means "the source of the variation in the data." As we’ll soon see‚ the possible choices for a one-factor study‚ such as the learning study‚ are Factor‚ Error‚ andTotal. The factor is the characteristic that defines the populations
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also known as running the numbers. A cost benefit analysis finds‚ quantifies‚ and adds all the positive factors. These are the benefits. Then it identifies‚ quantifies‚ and subtracts all the negatives‚ the costs. The difference between the two indicates whether the planned action is advisable. The real trick to doing a cost benefit analysis well is making sure you include all the costs and all the benefits and properly quantify them. Should we hire an additional sales person or assign overtime
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997589 August 1.118552 September 0.826317 October 0.888524 November 0.908866 December 1.039627 Linear Trend b. Describe the underlying trend and seasonal patterns based on the multiplicative model developed in Question 2-a. Quantify your statements. For example‚ “There is an upward trend.” and “Sales in December is higher.” are not acceptable and will result in point deduction. “Sales goes up by about $20‚000 every month‚ give or take $1‚000 for a 95% confidence.” and “Sales
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Reputational risk at NDB In NDB‚ it is a defined risk‚ reputational risk is often difficult to identify and quantify. Assessing reputational risk is not an objective process‚ but rather it is a subjective assessment that could reflect a number of different factors. Reputation is and could be perceived as an intangible asset in NDB‚ synonymous with goodwill‚ but it is more difficult to measure and quantify. Consistently strong earnings‚ a trustworthy board of directors and senior management‚ loyal and content
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Cases 16-1 Dallas Consulting Group “I just don’t understand why you’re worried about analyzing our profit variance‚” said Dave Lundberg to his partner‚ Adam Dixon. Both Lundberg and Dixon were partners in the Dallas Consulting Group (DCG). “Look‚ we made $80‚000 more profit than we expected in 2012 (see Exhibit 1). That’s great as far as I am concerned.” Continued Lundberg. Adam Dixon agreed to come up with data that would help sort out the causes of DCG’s $80‚000 profit variance. DCG is a
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In the classical school of thought‚ individuals must be motivated to commit crimes through the availability of an opportunity. In practice‚ classical theories are important in understanding victimization as well. Demographics and lifestyle are important predictors of victimization (the process by which victims and offenders get in contact with one another). Many researchers have found that aspects such as being male‚ unmarried‚ leading an active lifestyle and using bars can have an important influence
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1. Describe the activities of Nelson Peltz and the role played in laying the groundwork for the acquisition by Berkshire Hathaway and 3G. Nelson Peltz was nominated to the DuPont board because Trian and DuPont could not reach an agreement about the splitting of the company. Berkshire Hathaway and 3G offered to but Heinz for about $23 billion. Peltz was a catalyst for the turnaround of Heinz by successfully getting on the DuPont board. The shareholders of Heinz have Peltz to thank for the price
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Advantages of Agile SCRUM * Agile scrum helps the company in saving time and money. * Scrum methodology enables project’s where the business requirements documentation is hard to quantify to be successfully developed. * Fast moving‚ cutting edge developments can be quickly coded and tested using this method‚ as a mistake can be easily rectified. * It is a lightly controlled method which insists on frequent updating of the progress in work through regular meetings. Thus there is
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customer satisfaction. If training is going to be effective‚ it is important that students react favorably to it.” The guidelines for Level One are as follows: 1|Page Determine what you want to find out Design a form that will quantify the reactions Encourage written comments and suggestions Strive for 100% immediate response Get honest responses Develop acceptable standards/ benchmarks Measure reactions against standards‚ and recommend appropriate action Communicate reactions
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