Is sensitivity analysis a concept applied to LP only, or should it also be used when analyzing other techniques? Provide a specific non-monetary example and explain.
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Is sensitivity analysis a concept applied to LP only, or should it also be used when analyzing
other techniques? Provide a specific non-monetary example and explain.
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- Under what conditions might a firm use multiple forecasting methods?Why do casual analysis, statistical analysis, and Pareto analysis have different names? Which category does the ODC technique fall under?Review the features of the program you chose and then state the ways the program could be useful in statistical analysis?
- What is statistical quality control and why is it important?Explain Auditing in times of social distancing: the effect of COVID-19 on auditing quality proposed byAustralian Securities and Investment Commission (ASIC) in the following situations:1. What should be the focus areas for auditors under COVID-19 conditions?2. Should audit fees be reduced when reviewing other cost saving initiatives?3. Should an auditor delay their opinion until a limitation or uncertainty is resolved?4. What should be influence of COVID-19 and going concern assessment?Write a 1000 words report on a case study. You have recently started a new job as a junior operations manager at Pet Kingdom, a petsupplies retailer. You are writing these reports to your line manager, Ms Lionheart, so theappearance and language of your reports need to be professional. CASE STUDY - Forecasting Your line manager, Ms Lionheart, has collected and scrutinised performance data for thecompany. She was concerned that the inventories were high for certain products which hadresulted in significant price reductions and losses for the company. At the same time, thecompany had run out of stock for other items early in the season resulting in unsatisfiedcustomers and lost sales. Ms Lionheart has concluded that the problem was not with thespecific products carried in the stock, but with the quantities ordered by the procurementdepartment for two popular products; Dog Ball Launcher and Lightweight Dog Lead.Dog Ball Launcher is a product carried by the company for the past four…
- Need to use sensitivity analysis in excelThe following are true statements about quality systems except: a. The FDA’s quality systems regulations are highly prescriptive and subject to limited interpretation b. Senior executives have ultimate legal responsibility for the effectiveness of the company’s quality system c. Companies can implement their quality systems in a progressive manner, focusing on those elements most relevant to their stage of growth d. Quality systems can be a source of competitive advantage for a companyWhat is Multiple regression analysis?
- Given all the data and information identified, what type of analysis did you complete (i.e., quantitative/financial models used, etc.)? The case study focuses on Mr. Hans Overmayer, the marketing vice president of Motofabrikverk S.A.'s Industrial Controls Division in Zurich, Switzerland, in 1983. The company was losing money in the numerical control market because of a drop in global demand for machine tools induced by the recession and fierce competition. Background information on the company, its products, research and manufacturing, and the numerical control industry is provided in the case study. Based on the information provided, Moto appears to be a company that specializes in the production and selling of numerical controls (NCs), which are computerized devices that steer machine tools. The company entered the NC sector in 1962 and by 1983 was the third-largest commercial provider of NCs in Europe. However, Moto's Industrial Controls Division (ICD), which oversees the NC…What is the connection between forecasting and quality control?Use of Statistical Analysis Tools? explain