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Basic goal seeking functionality is built into most modern spreadsheet packages such as Microsoft Excel. According to O'Brien and Marakas, [1] optimization analysis is a more complex extension of goal-seeking analysis. Instead of setting a specific target value for a variable, the goal is to find the optimum value for one or more target ...
moving one input variable, keeping others at their baseline (nominal) values, then, returning the variable to its nominal value, then repeating for each of the other inputs in the same way. Sensitivity may then be measured by monitoring changes in the output, e.g. by partial derivatives or linear regression. This appears a logical approach as ...
Goal programming is a branch of multiobjective optimization, which in turn is a branch of multi-criteria decision analysis (MCDA). It can be thought of as an extension or generalisation of linear programming to handle multiple, normally conflicting objective measures. Each of these measures is given a goal or target value to be achieved.
Goodhart's law is an adage often stated as, "When a measure becomes a target, it ceases to be a good measure". [1] It is named after British economist Charles Goodhart, who is credited with expressing the core idea of the adage in a 1975 article on monetary policy in the United Kingdom: [2]
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Retirement savings plans like IRAs and 401(k)s are often promoted as key tools for securing financial stability in retirement. However, new findings from the Employee Benefit Research Institute ...
Considered one of the justice theories, equity theory was first developed in the 1960s by J. Stacey Adams, a workplace and behavioral psychologist, who asserted that employees seek to maintain equity between the inputs that they bring to a job and the outcomes that they receive from it against the perceived inputs and outcomes of others. [2]
More shoppers came to Costco stores in the three months ending Nov. 24, just days ahead of Black Friday. The company saw sales up 7.5% over last year.