Sub: Quantitative Techniques in Management 1) Answer any Sixteen 1. What is a linear programming problem? Discuss the scope and role of linear programming in solving management problems. Discuss and describe the role of linear programming in managerial decision-making bringing out limitations‚ if any. 2. Explain the concept and computational steps of the simplex method for solving linear programming problems. How would you identify whether an optimal solution to a problem obtained using simplex
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Changing a Qualitative research into a quantitative study Name: College: Summary of the Article Fry and her colleagues undertook a qualitative research to develop a moral distress model in military nursing. Using the same problem statement‚ literature analysis and background information‚ this paper aims at converting the qualitative study carried out by Fry and her colleagues into a quantitative study. The study entails setting different research questions and collecting data that
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Qualitative research methodology will be used for this research study‚ the primary rationale of this qualitative research is to analysis the risks associated with cloud security. Qualitative Research is used to gain an understanding of underlying reasons‚ opinions‚ and motivations. It provides insights into the problem or helps to develop ideas or hypotheses for potential quantitative research (Leedy‚ Ormrod‚ 2010). Since security concerns about cloud computing are heightened and fueled by misconceptions
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Delphi method∗ Abstract The Delphi method was originally developed in the 50s by the RAND Corporation in Santa Monica‚ California. This approach consists of a survey conducted in two or more rounds and provides the participants in the second round with the results of the first so that they can alter the original assessments if they want to - or stick to their previous opinion. Nobody ‘looses face’ because the survey is done anonymously using a questionnaire (the first Delphis were panels)
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Quantitative Skill Financial Planning for Mr George Tan & Mrs Mary Chan Batch No: DBA 2A/11 Lecturer: Ms Cindy Lum Submission Date: 18 May 11 GROUP MEMBERS Wong Kim Fatt Hoon Qiu Ning Huang Hui Zhen Eldwin Quek Kiok Liang James Chua Ming Loon Quantitative Skill 2011 CONTENT PAGE Page 1: Title Page Page 2: Contents Page 3: Executive Summary Page 4: Table 1 [Financial Plan for 20 Years invest in stock‚ ordinary annuity & annuity due] & Company Background Page 5: Table 2 [Comparison
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. Question 1: [4 marks] In an Automotive Research Association of India (ARAI) sponsored study‚ a random survey was done on 215 people owning petrol-driven small cars in Bangalore who had purchased their cars within the last one year. Details about the observed mileage were collected from the owners. Using the survey results‚ the mean was found to be 11.25 km/litre and the standard deviation was found to be 2.63 km/litre. The total number of petrol-driven small cars that were sold in Bangalore in
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means of various objective methods and procedures. The term objective indicates that these methods and procedures do not rely on personal feelings or opinions and that the specific methods are used at each stage of the research process. These methods include procedures for drawing samples (e.g. simple random sampling)‚ measuring variables‚ collecting information and analysing the information. Research methodology considers and explains the logic behind research methods and techniques. Sources
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Foundational Concepts in Quantitative Methodology Arnes Hadzic Generalizability - It is primarily a methodology used to characterize and quantify specific sources of error that contaminate the observed measurement of interesest in order to have future research be more error free. In other words‚ if something has often happened in the past‚ it will likely happen in the future (Lee & Baskerville‚ 2003). In research that is extremely important because once researchers have collected enough data to
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management is. Risk management is used to ensure that the appropriate measures are taken to ensure the protection of people‚ the environment and important assets. Events that could cause harm are either man-made or natural. One thing to be done is a Quantitative Risk Assessment (QRA) which is a tool that can help with measures to help avoid the instances of hazards/threats or if unavoidable‚ reduces
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Techniques for Summarizing Quantitative Data frequency histogram A sample of 40 female statistics students were asked how many times they cried in the previous month.Their replies were as follows: Stem-Leaf Plot A natural way to organize (group) quantitative data is with the order property of the real numbers‚ i.e.‚ arrange the data from least to greatest. For example‚ the 30 weights: 185‚ 160‚ 235‚ 165‚ 125‚ 175‚ 185‚ 132‚ 168‚ 112‚ 170‚ 155‚ 105‚ 158‚ 120‚ 190‚ 140
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