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Give one example where the multicriteria decision analysis have been used in agriculture?
Multi-criteria decision analysis is a support tool that is used to analyze various things and help with decision making. The software is used for the analysis of the best land use for agriculture, the use of fertilizer, and the use of water.
What are the limiting assumptions of C-V-P analysis?
I am interpreting the question as above as Cost Volume Profit(CVP) analysis. If this is not so, my answer below will not be correct. First of all, CVP is used in Finance or Accounting, to describe the behaviour of cost, revenue and profit. Other disciplines also use this analysis, and will be called a different name. In Business Management, it's often called Break Even Analysis. One of limiting assumptions of CVP analysis is the assumption of a linear function of the variable cost and total cost. This means that the cost of a business will increase in a proportional manner, if I make 2 units of output, the cost is 4, if I make 4 units of output, the cost is 8. While this may be possible in theory, it reality, it's not so. If we assume that the cost is linear, the Variable Cost and the Total Cost will be a straight line. In reality, the variable cost doesn't increase in along a straight line. ( not so perfect in reality ). Apart from that, the CVP analysis also assumes that there are no stocks present. The analysis just shows that goods are sold and the company has no stocks kept. Although these can be seen as a limiting assumptions of the CVP analysis, it's important to understand it provides an understanding to students who are new to it. In Economics, the CVP analysis is more complicated, with the variable cost and the total cost function a curve. This means that the cost will fall initially and then increase later. Apart from that in other Ecnomics, costs are considered with the short run and long run perspective. Costs may not be the same in short run and long run.
What activity in the joint intelligence process raw data is converted into forms that can be readily used by commanders decision makers at all levels intelligence analysts and other consumers?
Data processing is the activity in the joint intelligence process where raw data is converted into forms that can be readily used by commanders, decision makers, intelligence analysts, and other consumers. This involves organizing, filtering, and formatting the data to make it meaningful and actionable for those who need to use it for decision-making and analysis.
How a business manager can use variance analysis to make effective management decision?
yes
What is the last step of the cost benefit analysis?
Step 6--Use the Economic Analysis for Decision Making
CVP relationships are unimportant in nonprofit organization?
Not true. You can still use it to measure the output of the organization.
What profession deals with decision analysis?
Professionals in the field of decision analysis specialize in helping organizations make informed decisions by using quantitative methods, models, and tools to evaluate potential outcomes and determine the best course of action. This field combines elements of statistics, economics, and decision theory to support strategic decision-making processes.
What components of a decision support system allow decisions makers to easily access and manipulate the DSS and to use common business terms and phrases?
expert system
How do lobbyists make themselves valuable to decision makers?
D. providing information and expertise whenever asked.
List the decision making strategies that economists use?
Build Simple Models, Employ Cost-Benefit Analysis, Take Small, Incremental Steps
Which business functions are more likely to use decision analysis models than others and why?
Business functions that incorporate two distinct issues will likely use decision analysis models. When there is limited information and when there is a large degree of uncertainty, decision analysis models will likely be used. However, if there is limited information, the analyst doesn't have as much knowledge from what is available regarding the decision in order to make the ultimately best decision, for the company. Therefore, with the changing economic climate, decisions are riskier these days. Many companies don't have the money to risk losing, as they may have a decade ago. When there is a greater risk involved with the economic climate, particularly dealing with the value of money, models will likely be of great benefit to the analyzer.
Why don't microscope makers use 100x ocular lenses?
Why don't micorscope makers use 100x ocular lenses?
