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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The Scientific Method This experiment was performed by using a systematic approach to identify six unknown substances. In the first half of the experiment six unknown substances were observed than measured by determining volume‚ mass and density. The second half of the experiment the unknown were placed in a test tube and tested for solubility. It was determined that the six tubes contained coffee‚ potting soil‚ brown sugar‚ baby powder‚ baking soda‚ and powdered sugar. By the use of the scientific
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budgeting has offered a lot of contributions in so many years’ practice. But it seems it is more and more unsuitable for the modern business. In this paper‚ I will give a brief induction for traditional budgeting; and then discuss the strengths and weaknesses of the traditional budgeting; last I will explain and evaluate the alternative. Every business leader wants competitive success‚ the best management team‚ continuous innovation‚ low costs‚ loyal customers‚ and high standards of corporate governance
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As such‚ ABC has predominantly been used to support strategic decisions such as pricing‚ outsourcing‚ identification and measurement of process improvement initiatives. So what is really the difference between ABC and traditional cost accounting methods? Despite the enormous difference in performance‚ there is three major differences: 1. In traditional cost accounting it is assumed that cost objects consume resources whereas in ABC it is assumed that cost objects consume activities. 2. Traditional
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1. Which is not true about the scientific method? A. The scientific method is done by following a step-by-step procedure in an exact sequence. B. The scientific method is a systematic way of finding a solution to a problem. C. Observation is the first step. D. The scientific method may be followed even outside the laboratory. 2. What is the correct order of the steps in the scientific method? A) Ask a question‚ analyze results‚ make a hypothesis‚ test the hypothesis‚ draw conclusions‚ communicate
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Cognition Based on parental report and direct observation Christopher displayed various strengths and weaknesses. Christopher can perform the following: spontaneously name five or more objects; stack six to seven blocks; look at a picture book with an adult and may name or point to simple objects and count up to 5 or more objects. He can also imitate scribbling‚ understanding concepts of one‚ and match circle‚ square and triangle. On the other hand‚ Christopher had difficulty with the following:
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oneself academically because as a student‚ there may be subjects that need improvement. In addition to learning the material‚ a student must be proficient at the skills required for a class. Therefore‚ it is crucial that I evaluate my strengths‚ my weaknesses‚ and how I aim to improve with the tools available. It is crucial that I evaluate my strengths as a writer‚ and one of my strengths is the ability to write a strong thesis. In my last paper it was indicated that my thesis was direct and short.
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economics develops and evolves‚ the current mental model which is perfect and successful will become old and outdated. That’s why refreshing the organization’s leaders mental method is the main requirement of the strategic management competency. There are two categories of Mental Model and they are based on the acquisition method. Explicit Models are the models which we learnt from learning various conditions for example‚ physics‚ maths‚ economics and so on‚ it is when you study the model from out
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Cluster Sampling Cluster sampling‚ also called block sampling. In cluster sampling‚ the population that is being sampled is divided into groups called clusters. Instead of these subgroups being homogeneous based on selected criteria as in stratified sampling‚ a cluster is as heterogeneous as possible to matching the population. A random sample is then taken from within one or more selected clusters. For example‚ if an organization has 30 small projects currently under development‚ an auditor looking
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in achieving the amazing results that they achieve; they use the scientific method. The scientific method allows scientists to utilize a common approach to address the requirements of the scientific community. These techniques allow other scientists‚ as well as just the layman‚ to know that there has been a standardized system applied to the scientific process. I will present a brief example of what the scientific method is and how to apply it to a real life issue. I have just arrived
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