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Scenario planning is as much art as science, and prone to a variety of traps (both in process and content) as enumerated by Paul J. H. Schoemaker. [14] More recently scenario planning has been discussed as a tool to improve the strategic agility, by cognitively preparing not only multiple scenarios but also multiple consistent strategies. [10]
Marxist computer programmer Paul Cockshott argues that economic calculation is possible within a socialist state as long as computational devices are used. In "Towards a New Socialism's "Information and Economics: A Critique of Hayek" and "Against Mises", he argues that central planning is simplified by the use of computers in calculating the component of price not accounted for by Marxian ...
A Gantt chart is a type of bar chart [4] [5] that illustrates a project schedule. [6] This chart lists the tasks to be performed on the vertical axis, and time intervals on the horizontal axis. [ 4 ] [ 7 ] The width of the horizontal bars in the graph shows the duration of each activity.
Some academics and economists argue that the claim a free market is an efficient, or even the most efficient, method of resource allocation is incorrect. Alexander Nove argued that Mises "tends to spoil his case by the implicit assumption that capitalism and optimum resource allocation go together" in Mises' "Economic Calculation in the ...
One company, PM Software, has substantially lower P/E ratio than the others. Further market research shows that PM Software has recently acquired a government contract to supply the military with simulating software for the next three years. Therefore, VirusControl decides to discard this P/E ratio and only use the values of 17.95, 21.7 and 20.8.
This method tended to slightly distort the resulting unit cost, but in mass-production industries that made one product line, and where the fixed costs were relatively low, the distortion was very minor. For Example: if the railway coach company made 100 coaches one month, then the unit cost would become $310 per coach ($300 + ($1000 / 100)).
The Silver–Meal heuristic is a production planning method in manufacturing, composed in 1973 [1] by Edward A. Silver and H.C. Meal. Its purpose is to determine production quantities to meet the requirement of operations at minimum cost. The method is an approximate heuristic for the dynamic lot-size model, perceived as computationally too ...
For example, 1 / 4 , 5 / 6 , and −101 / 100 are all irreducible fractions. On the other hand, 2 / 4 is reducible since it is equal in value to 1 / 2 , and the numerator of 1 / 2 is less than the numerator of 2 / 4 . A fraction that is reducible can be reduced by dividing both the numerator ...