Nobody downloaded yet

Data Analysis for Business Decision Making - Coursework Example

Comments (0) Cite this document
Summary
Topic: Data Analysis for Business Decision Making Class: Date: Task 1. a. The contribution of the company will obtained from the calculations below. Contribution will be determined by subtracting total variable cost from the selling price…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.8% of users find it useful
Data Analysis for Business Decision Making
Read TextPreview

Extract of sample "Data Analysis for Business Decision Making"

Download file to see previous pages The objective function will be to maximize the contribution per unit obtained from the overall production, this leads to optimization of the firm profits. Therefore, the contribution which is equal to selling price less the total variable costs of each peripheral will be multiplied by optimal number that will maximize the firm profit. Therefore, the objective function will be; Maxmize; 156.82A + 156.10B + 250.87C + 167.60D + 290.78E + 274.22F Where, A- Number of Internal modem B- Number of External modem C- Number of Circuit board D- Number of CD drive E- Number of Hard disk drive F- Number of Memory board The constrains in this case refers to the limiting factor where the test devices hours available for every peripheral in this case there are only 150 hours available for test device one, 130 hours for test device two, 110 hours for test device three, 102 hours for test device four in one week. The constrains in this case limit the number or peripheral that can be produced. The constrains in this case will be, 150 ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Data Analysis for Business Decision Making Coursework”, n.d.)
Retrieved from https://studentshare.org/business/1437936-data-analysis-for-business-decision-making
(Data Analysis for Business Decision Making Coursework)
https://studentshare.org/business/1437936-data-analysis-for-business-decision-making.
“Data Analysis for Business Decision Making Coursework”, n.d. https://studentshare.org/business/1437936-data-analysis-for-business-decision-making.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Data Analysis for Business Decision Making

Business Decision Making

...?Business Decision Making        Research methodology is the one of the most significant part in any of the research undertaking. Collection of the most reliable data is very much essential in order to reach the most precise conclusion and decision making. Reason for colleting the primary and secondary data for the given business problem helps to reach the authentic decision to advice the clients in Spain, France and Italy. As the manager of the company, preparation of most suitable plan for primary and secondary data collection is very much necessary....
12 Pages(3000 words)Essay

Business Decision Making

...by most employees; interquartile range indicates the difference between the hours worked by 75% of the employees and that of 25% of the employees. Standard deviation shows the disparity between the hours worked by the employees. Question 5 This chart depicts the trend of the data within the four years Raw Data trend and Adjusted Seasonal variation. Brechner (2010) agrees that the application of seasonal adjustment in the economic or financial trends helps to indicate the influence that seasons exert on a company’s business. The seasonal adjustments are used to eliminate the irregular annual variations observed in raw data. In business...
6 Pages(1500 words)Coursework

BUSINESS DECISION MAKING

...?Business proposal Plan for the collection of primary and secondary data Secondary data on Dubai buyer market is extremely easy to find. Statistics regarding buyers such as their annual income, cost of property in Dubai, duration of the payment term, mortgage rates, availability of bank financing and the level of financing can all be gathered as it is available from the Dubai government, banks and property dealers. Facts and figures about costs, mortgage rates, deposit rates and annual expected returns are also available online. Since there are no taxes on property in Dubai, it makes finding out property costs simpler. Statistics show that a one bedroom apartment will cost around AED 700000, a two bedroom apartment from AED1100000... and a...
11 Pages(2750 words)Essay

Data Analysis for a business making

...?Task a. The contribution per margin for Northern Hi-Tec E. Ltd will be calculated as follows: Contribution per margin= Gross profit/ total revenue The actual calculations will predict how much contribution is each of the company’s products making in terms of the total profit gained by the company. b. The decision variables will be considered those which can be controlled by the managers. An objective function in the linear programming is the one that must be optimized in an optimization function. Constraints in a function are those hurdles that restrict the working of the function by limiting its operations. c. The model will be solved through the help of the objective function applied, in which the...
4 Pages(1000 words)Essay

Data Analysis for Business Decision Making

...? Data Analysis for Business Decision Making Task one. Response to question a. The Contribution per unit for each computer peripheral device. Output Selling price per unit (?) Material cost per unit (?) Variable labor cost (?) Total cost Profit ( selling price-total cost) Internal moderm 200 40 0.83 o.25 1.5 0.6 43.18 156.82 External moderm 185 25 1.26 1.25 0.6 0.8 28.91 156.09 Circuit board 290 35 2.1 0.75 0.9 0.4 39.15 250.85 CD drive 212 40 2.52 0.50 0.9 0.2 44.12 167.88 Hard disk drive 380 85 1.68 1.25 0.9 0.4 89.23 290.77 Memory board 330 50 3.36 1.25 0.6 0.6 55.81 274.19 Response to question b. Linear programming model. Northern H-Tec E. Ltd is...
7 Pages(1750 words)Essay

Decision Making Self-Analysis

...? Decision Making Self-Analysis Insert Insert Grade Insert Decision-Making Models There are several decisionmaking models, which facilitate the comprehensive task of decision-making. Basically, models play a guiding role in the vast process through setting the platform for the various phases of decision making. In essence, decision making is a process through which several courses are evaluated in the consideration of the best way forward. Hence, at the tail end of the process a definite course of action is selected. There are various models but for the...
5 Pages(1250 words)Assignment

Big Data, Business Intelligence, and Data Analytics in Decision Making

...? Big Data, Business Intelligence, and Data Analytics in Decision Making Benefits of IT Resources and Strategies toa Company In the contemporary company setting, there is a lot of information that should be noted by the management in order to make informed decision in the management of the company. This information cannot be processed manually by human beings, and it must get assistance from the devices that will make work easier through quick, efficient, and reliable analysis and reporting. In this regard, companies have to rely on the IT knowledge to realize most of their objectives in...
4 Pages(1000 words)Essay

Compensation decision making analysis

...Chapter 10 Explain why an organization must relate to a variety of labor markets when conducting a compensation survey. In setting pay, it is important that it is competitive, meaning that pay must help the organization attract and keep the employees it needs. Because of this, the organization must determine which organizations hire similar employees to perform similar jobs. Usually there are organizations in several different labor markets which are competing with us for the same type of employee. Quite diverse organizations can have the need for the same type of employee with a specific skill set. If we also have a need for such an employee to fill a job, we cannot effectively set pay for that job unless we survey... 10 Explain why an...
2 Pages(500 words)Essay

: Judicial Decision Making Analysis

...Judicial Decision Making Analysis In The Case Of Roe v. Wade (Complainant and Texas District Attorney The decision arose from a constitutional challenge to the Texas legislation banning all abortions except where the mothers’ life is clearly threatened. In 1973 the US Supreme Court decided by a majority that such a law was too broad and unjustifiably infringed on Roe’s Ninth and Fourteenth Amendment rights containing the Bill of Rights and the concept of liberty guaranteed, respectively. (US Supreme Court VIII) The Court ruled that while medical risks of late term abortions justified states...
1 Pages(250 words)Essay

Data-Driven Decision Making

...The Changing World of 26th February, The Changing World The children in the society need to be prepared for the changes in the world therefore the curriculum developers need to be able to assess the needs of the children and the youth to prepare them for the future. Oliva and Gordon II (2012) stated that the important role of the educators is to understand how to develop curriculums that address problems that students will experience in the changing community. Students need to master survival skills to become responsible and important people in the current society that is dynamic. Critical thinking, problem solving, entrepreneurism, and effective communication are few of the skills that students will need to be proficient... Changing World of ...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic Data Analysis for Business Decision Making for FREE!

Contact Us