INTRODUCTION TO QUANTITATIVE MANAGEMENT - Lab Report Example

...?Discuss, using empirical evidence, the various motivational theories which a management accountant may consider when setting a budget. Which of these theories do you consider to be most relevant to the management accountant? 1. Introduction The use of theoretical frameworks for explaining the conditions in the business environment is a common practice especially when complex issues need to be evaluated. On the other hand, in areas where different theoretical approaches have been established the choice of the most appropriate framework can be a challenging task. The simultaneous use of empirical evidence can increase the credibility of the choices made. Current paper tries to identify the...

...? Consultancy Report: A Waste Management Proposal Word Count 000 (4 pages)\ SCENARIO ?? This article discusses the building of a prototype decision support system for a waste container transport company. The principal activity of the company consists of emptying, loading, and removing containers starting from 8 m3 up to 30 m3. ?Several companies order containers and have a contract for these to be removed or emptied within 24 hours of their call. Contracts can be long-term or one-time operations. These contracts contain general information on the customer, clauses on billing and payment arrangements and also information of interest to the dispatcher: 1) container type; 2) type of waste; (dangerous, recyclable); 3) type of order; 4... improve...

...?Introduction to management accounting Contents Contents 2 Introduction 3 Theories of motivation 3 Conceptual framework of budgeting 6 Beyond budgeting and better budgeting 8 Critical analysis 9 Conclusion 10 Reference 10 Introduction Every company’s performance depends upon the performance of its employees. Therefore for every company employee performance is utmost important. The level of motivation defines the performance of the employee which can be achieved for fulfilling the targets of the company. Therefore the motivational factors are often kept in mind by the management accountants while preparing the budgets. In this project the various...

...? OPERATIONS MANAGEMENT & QUANTITATIVE TECHNIQUES CASE STUDY 1. Master production schedule for the bread maker for Realco WEEK 1 2 3 4 5 6 7 8 PRODUCTION BROUGHT FORWARD 7000 23500 43500 62000 86950 113350 141850 176450 PLANNED WEEKLY PRODUCTION 40000 40000 40000 40000 40000 40000 40000 40000 WEEKLY ORDERS PROMISED (23500) (23000) (21500) (15050) (13600) (11500) (5400) (1800) REMAINING INVENTORY 23500 43500 62000 86950 113350 141850 176450 214650 The projected end inventory, which is also the available to promise order numbers increase as the weeks go since they are cumulative in nature. At the end of week 1 we have an ending inventory of 23500 units followed by 43500 units, 62000 units, 86950 units,...

...?Interpretation and Evaluation of Journal Paper: Aalbers, R., Dolfsma, W., Koppius, O., , Individual connectedness in innovation networks: On the role of individual motivation, Research Policy, Vol. 42, pp. 624-634. Introduction Knowledge Management1 is an important aspect in organisations nowadays. Knowledge management addresses how organizations can manage the knowledge which exists in their systems and the knowledge that is possessed by the employees. It also systematically considers how advanced information technology can be used to leverage existing knowledge and create new knowledge. The research paper focuses on how individual motivation, connectedness and inter/intra-unit ties is...

.... J. A. (1986). Quantitative Management: An Introduction. Kent Publishing Company. Print. SRIVASTAVA, U. K.., SHENOY, G. V., & SHARMA, S. C. (1989). Quantitative Techniques for Managerial Decisions. New Age International. Print. ERIC, B. S. (2014). Chapter 3 - Quantitative Methods for Product Management Freemium Economics, Pp. 47-82 MARCUS, B., KANNAN, G., JOSEPH, S., and STEFAN, S. (2014). Quantitative models forsustainable supply chain management: Developments and directions, European Journal of Operational Research, Vol. 233, Issue 2, Pp. 299-312 YANG, X., ALAIN, B. (2013). A...

...QUANTITATIVE METHODS IN BUSINESS & MANAGEMENT of affiliation Data analysis This data was collected in United Kingdom in the three member states of UK; England, Scotland and Wales. The survey was about different issues affecting people of UK. Some of the issues include perception about racism, government spending and taxes, government welfare funding, unemployment and law enforcement among others. There were a total of 3311 respondents. 1. Descriptive data 1.1. Country of origin Table 1.0 England, Scotland or Wales? :Q31 Frequency Percent Valid Percent Cumulative Percent Valid England 2856 86.3 86.3 86.3 Scotland 290 8.8 8.8 95.0 Wales 165 5.0 5.0 100.0 Total 3311 100.0 100.0 The respondents were from...

...) Al variables ≥ 0 Problem 3 X1-nunmber of doughnuts produced X2-number of f muffins produced Profit function = 4x1+2x2+0.3x12+0.4x22 Total capacity of the bakery=800 muffins +doughnuts Time taken to produce; 100muffins=30mins 100 doughnuts =20mins Time available for baking =4hrs 200 muffins and 200 doughnuts required. Solution Maximum profit Profit=4x1+2x2+0.3x12+0.4x22 Constrains X1+x2=800 0.3x1+0.2x2=240 X1≥200 X2≥200 Reference Render, B. & Stair, Jr. R., & Hanna, M. (2012). Quantitative analysis for management. Custom ed. Boston, MA. Pearson. Anderson, D. R. (2013). Quantitative methods for business. Anderson, D. R. (2011)....

...cost Budgeted cost per day A 20 30 11,11111 1500 50,00 B 20 60 100 3500 58,33 C 50 65 69,44444 4000 61,54 D 30 55 136,1111 1900 34,55 E 25 30 2,777778 9500 316,67 F 1 1 0 0 0,00 G 25 30 2,777778 2500 83,33 H 10 20 11,11111 2000 100,00 I 20 30 44,44444 2000 66,67 J 8 10 0,444444 6000 600,00 K 1 1 0 0 0,00 L 20 30 44,44444 4500 150,00 362 37400 Activity Expected Time (T) Earliest Finish Time (EF = ES+T) Earliest Start Time Latest Start Time (LS = LF-T) Latest Finish Time Slack (LS -...However, if we analyze the number of cars that travel the road 3-6, we can see that despite the street’s ability to accept 7 thousand cars, there are only 6. The same situation happens on the road 4-8, whose capacity is 8, but it accepts 4 thousand....

...REPORT FOR THE FACTORY MANAGEMENT Report for the factory management Report for the factory management Formulation of the problem as linear programming Table 2: showing the process, component types, and production time Type total production time for each process (minutes) process A B C moulding 6 12 9 72000 trimming 4 4 6 27600 packaging 3 2 3 14400 A). The three processes defining this equation will be represented by three different variables as indicated below. Let Moulding be X; Let trimming be Y; Let Packaging be X; To obtain the constraints using the above unknown values we express the maximum times as Maximize T =72000X+27600Y+14400Z subject to the constraints 6X+ 4Y+3Z<=11 12X+4Y+2Z<=16 9X+6Y+3Z<=15 X>0 Y... FOR THE FACTORY MANAGEMENT Report...