Justify and defend the use of cost-benefit analysis in measuring utility.
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Justify and defend the use of cost-benefit analysis in measuring utility.
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- Explain the concept of business impact analysis (BIA) and its significance in continuity planning.Describe the process of conducting a business impact analysis (BIA) and its role in developing a continuity plan.Discuss the two methods objectively for the customer to comprehend, taking into account their advantages and disadvantages.
- Your line manager, Ms Lionheart, has collected and scrutinised performance data for the company. She was concerned that the inventories were high for certain products which had resulted in significant price reductions and losses for the company. At the same time, the company had run out of stock for other items early in the season resulting in unsatisfied customers and lost sales. Ms Lionheart has concluded that the problem was not with the specific products carried in the stock, but with the quantities ordered by the procurement department 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 years. Quarterly demand data for the past four years are shown in table 1. Last year the company seemed to always be out of stock for this item. The model used by the procurement department to forecast demand for this product over the last two years has been Multiplicative Seasonal model based on seasonal…What is the importance of the five performance objectives in satisfying the customers requirements?Define "benchmarking" and describe its purpose.
- 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.Distinguish between experimental and quasi-experimental evaluation designs and provide relevant examplesWhat is the result when sales exceed the cost to produce goods or render services? What is the result when cost to produced goods or render services is greater than the sales? A. Selling B. Revenue C. Benchmarking D. Loss