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Managerial economics may be viewed as economics applied to problem solving at the levels of the firm. The problem relates to choices and allocation of resources, which are basically economic in nature and are faced by managers all the time.
Managerial research is also known as operations research. It was undertaken for the first time in Second World War in America. It is also interdisciplinary research done by mathematicians, tacticians, Engineers and other Scientists.
The operation researchers developed concepts of linear programming, inventory models and game theory. They attempted to attain optimization. The framework of optimization has been used a great deal in managerial economics. The operation research has influenced managerial economics through its new concepts and models for dealing risk and uncertainly.
Managerial economics it primarily an aid to analyse and decision making in the context of the firm. But in the management more than decision making, the implementation, control and conflict resolutions are also covered.
Managerial research is concerned with decision making at the managerial level it considers the alternative theories of firm behaviour, decision making problems and different approaches to arrive at the most appropriate answers to such problems. It draws heavily from Microeconomics, Econometrics and operation research. The decision making area is related to the production decisions, the exchange decisions and consumption decisions.
The case study method is useful in managerial research. It helps us to look for and organised the data and evidence relevant to the problem at hand. A manager does not get all data he needs well organised and presented to him on a platter. The cases may bring out the complexity of the environment in which managers have to take decisions.
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MBA question Concept of research methodology?
I need to know, what the "research methodology" chapter in the MBA dissertation may content and which aspects should be addressed therein
What is scope of operation research in modern management?
The scope of research in modern management varies depending on the purpose of the research. Some businesses use research to improve their position within the industry.
What is the importance of methodology in a dissertation?
The methodology tells the reviewer how the research is to be conducted. It allows them to examine the methods so that they can determine the validity of the data. It helps if someone wants to replicate the study results.
What is macrotheory in research in project planning and management?
The purpose of research is to create new knowledge. According to the information given the research methodology books research can be to-1. Create somthing new.2. Get a degree in rsearc
What is the format for an inception report?
It varies. Usually, it consists of the following: background, scope, limitations, assumptions, technology/methodology/resources/infrastructure used/diagram and the workplan.
Importance and scope of research methodology?
The scope of research methodology are as follows:- 1. Marketting research 2. For making government policy 3. Operational research 4. Motivational researh 5. Stimulation research
Nature and scope of research methodology?
Research methodology refers to the systematic process of conducting research. It involves the techniques, procedures, and tools used to gather and analyze data in order to answer research questions or test hypotheses. The scope of research methodology encompasses various methods like quantitative, qualitative, and mixed-method approaches, as well as the ethical considerations and theoretical frameworks that guide the research process.
What are the benefits of incorporating journal supplements into your research methodology?
Incorporating journal supplements into your research methodology can provide additional in-depth analysis, expand the scope of your study, offer diverse perspectives, and enhance the credibility and impact of your research findings.
Scopes of managerial economics?
scope of managerial economics
What is research instrument in research methodology?
research instrument in research methodology is a research instrument in research methodology.
Scope methods of economics?
about scope of managerial economics?
What is a statement of the problem in research methodology?
A statement of the problem in research methodology clearly defines the issue that the research aims to address. It specifies the gap in current knowledge or understanding that the research intends to fill, providing a rationale for why the study is necessary. It helps focus the research by outlining the scope and objectives of the study.
Define research proposal?
A research proposal is a detailed plan that outlines the objectives, methodology, scope, and timeline of a research project. It provides a blueprint for the study and helps to convince others of the value and feasibility of the research.
Scope of managerial accounting?
The scope of managerial accounting focuses on the financial aspects of the organization. This will include proper record keeping, balancing records and so much more.
Why is it necessary to prepare a research proposal?
Preparing a research proposal is necessary because it outlines the purpose, scope, and methodology of a research project. It helps researchers plan and organize their study, gain approval from relevant authorities, and ensure that the research is feasible and well-structured.
What has the author Stephen Lennox Cook written?
Stephen Lennox Cook has written: 'Managerial Innovation' 'definition, uses , and scope Operational research - lecture notes' 'Education for operational research' 'The science of management and the management of science'
What are the managerial dimension of each characteristics of research?
characteristics of a good research and discuss the managerial dimensions of each characteristic.
