Quantitative Methods BITS Pilani Pilani Campus Course handout BITS Pilani Pilani Campus Session-1 Instructor Details Dr. Remica Aggarwal 1214 C ; FD-1 Department of Management Email: remica_or@rediffmail.com Mobile: 09772054839 BITS Pilani‚ Pilani Campus Course Details • • • • • • • Management Science Use of QM/QA Modelling Techniques Data Analysis Techniques MS Excel QM for Windows Test BITS Pilani‚ Pilani Campus Quantitative Methods • • • • • • • Operations
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evaluation. Analytical Hierarchy Process (AHP) is a multicriteria decision support method designed to select the best from a number of alternatives evaluated with respect to several criteria.It is taken by carrying out pairwise comparison from which priorities are developed which can be used in ranking the alternatives. Criteria used in the AHP based approach to data quality assessment in banking are 1)Accuracy; 2)Completeness; 3)Consistency; 4) Timeliness; 5)Uniqueness; and 6)Validity. These criteria also
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Content User Course Quantitative Methods Test Midterm Exam Started 2/5/14 10:13 PM Submitted 2/6/14 2:13 AM Status Completed Attempt Score 120 out of 200 points Time Elapsed 4 hours‚ 0 minute out of 4 hours. Instructions Question 1 5 out of 5 points Deterministic techniques assume that no uncertainty exists in model parameters. Answer Selected Answer: True Correct Answer: True Question 2 5 out of 5 points An inspector correctly identifies
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Activity-based costing (ABC) is a costing methodology that identifies activities in an organization and assigns the cost of each activity with resources to all products and services according to the actual consumption by each. This model assigns more indirect costs (overhead) into direct costs compared to conventional costing. Aims of model With ABC‚ a company can soundly estimate the cost elements of entire products ACTIVITIES and services. That may help inform a company’s decision to either: Identify
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The Army Problem Solving Process has become the rule of thumb for problem solving and is a methodological approach for making decisions. Followed correctly‚ it leads to the “best” decisions given the degree of uncertainty and complexity of a situation. The Army Problem Solving Process is a tool that provides a standard‚ systematic method to define and analyze a problem‚ gather information‚ develop criteria‚ generate and analyze possible solutions‚ choose the best solution and implement an action
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Cost Methods ACC/561 September 4‚ 2013 Cost Methods Absorption costing is a process in which you relate a portion of your fixed overhead costs to the manufacturing product cost. This process will be done on a per unit term. Divide the fixed costs by the number of units manufactured and sold over the period of the term. This will give you the cost of per unit for the amount made and the amount. With the variable costing unlike the absorption costing you will use the fixed
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productivity and development of the work environment. Training is one of the major activities of the largest organizations including IT/ Software Firm. As we are conducting Training procedures running on IT firm‚ we need to judge the training methods that applied in the generic Software or IT firm. Background of the Study: The IT sector is growing at a very fast pace and is expected to earn a revenue of US $87 billion by 2008. In 2006‚ it has earned revenue of about US $ 40
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business here‚ I’ll describe the flight we are on for people like me. SUMMARY Formally or informally‚ the forecast drives the firm. Techniques range from seemingly none at all‚ or at most "forecasting by desire"‚ to complex and "sophisticated" algorithms and models that require tremendous processing power. Usually‚ it’s a mixture of dozens of methods and options. "What works and what doesn’t‚ rarely depends directly on time‚ money‚ or other forms of business horsepower. It is an organizational problem
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sample size of people and ask them to fill out the ballots. 4) Recollect the questionnaires and enter the data into Excel. 5) Sample the guesses into 5 groups utilizing the bootstrapping method found within statistics. 6) Plot the results of the bootstrapped data and the data obtained from the other facets from the questionnaires. Draw conclusions. In Step 1‚ put an undetermined amount of jellybeans in the jar to ensure you didn’t know the amount yourself. This increases credibility because it
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Three of the earliest teaching methods were the Grammar-Translation Method‚ the Direct Method‚ and the Audio-lingual Method. Discuss these three methods. Also‚ explain their shortcomings which led to more current approaches in the teaching of grammar to L2 speakers. 1. i) Grammar Translation Method (GTM): Grammar-translation method is the extension of the Classical method which began in Germany (Prussia) in the late 18th century. It was then become popular in the early 19th century. It is one
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