Premium Essay

Reaction Paper Ba 204

In:

Submitted By xtgeronaga
Words 13221
Pages 53
2.Decision Theory - Decision Tables and Decision Trees, Game Theory
2.1 Introduction and Basic Terms
Decision theory represents a generalized approach to decision making. It enables the decision maker to analyze a set of complex situations with many alternatives and many different possible consequences to identify a course of action consistent with the basic economic and psychological desires of the decision maker Decision theory problems are characterized by the following: a decision criterion a list of alternatives a list of possible future events (states of nature) payoffs associated with each combination of alternatives and events the degree of certainty of possible future events There is a wide range of management decision problems. Among them there are capacity and order planning, product and service design, equipment selection, location planning, and so on. Some examples of alternatives and possible events for these alternatives are shown in Table 2.1.

Alternatives To order 10, 11, … units of a product To make or to buy a product To buy or not to buy accident insurance

Events Demand for the product may be 0, 1, … units The cost of making may be 20, 22, … $thousands An accident may occur, or may not occur

Table 2.1 “Examples of Alternatives and Events”

Various properties of decision problems enable a classification of decision problems. Solution to any decision problem consists of these steps: 1. Identify the problem 2. Specify objectives and the decision criteria for choosing a solution

3. 4. 5. 6. 7.

Develop alternatives Analyze and compare alternatives Select the best alternative Implement the chosen alternative Verify that desired results are achieved

Decisions problems that involve a single decision are usually best handled through payoff tables, whereas problems that involve a sequence of decisions, are usually best handled using decision trees

Similar Documents

Free Essay

Hyrjjb

...……………………………………………………………………………………………………. Name: Class: Register No: Sec 4/ Date: / 02 / 2016 Section A (3 marks) Each question below is provided with four answers. Select the most appropriate answer and fill it in the brackets provided. 1. Iron metal is extracted from iron(III) oxide through a series of reactions in a blast furnace. The five reactions that occur in the blast furnace are: Reaction 1: C + O2  CO2 Reaction 2: CaCO3  CaO + CO2 Reaction 3: CO2 + C  2CO Reaction 4: Fe2O3 + 3CO  3CO2 + 2Fe Reaction 5: CaO + SiO2  CaSiO3 Which of the above reactions are not redox reactions? A 1 and 3 only B 2 and 5 only C 1, 2 and 5 only D 3, 4 and 5 only ( ) 2. The nickel-cadmium rechargeable battery is based upon the following overall reaction. Cd + 2NiO(OH) + 4H2O  Cd(OH)2 + 2Ni(OH)2.H2O What is the oxidation number of nickel at the beginning and at the end of the reaction? 1 beginning end A +1.5 +2 B +2 +3 C +3 +2 D +3 +4 ( ) 3. When substance X is added to aqueous potassium iodide and acidified potassium manganate(VII) solution separately, both resultant solutions appear colourless. In the two reactions, substance X is acting as A an oxidising agent only. B a reducing agent only. C both an oxidising agent and a reducing agent. D neither an oxidising agent nor a reducing agent. ( ) Section B (12 marks) Answer all the questions in the spaces provided below. 4. ...

Words: 986 - Pages: 4

Premium Essay

Chemistry - Equilibrium

...185 EQUILIBRIUM 185 UNIT 7 EQUILIBRIUM After studying this unit you will be able to • identify dynamic nature of equilibrium involved in physical and chemical processes; • state the law of equilibrium; • explain characteristics of equilibria involved in physical and chemical processes; • write expressions for equilibrium constants; • establish a relationship between Kp and K c ; • explain various factors that affect the equilibrium state of a reaction; • classify substances as acids or bases according to Arrhenius, Bronsted-Lowry and Lewis concepts; • classify acids and bases as weak or strong in terms of their ionization constants; • explain the dependence of degree of ionization on concentration of the electrolyte and that of the common ion; • describe pH scale for representing hydrogen ion concentration; • explain ionisation of water and its duel role as acid and base; • describe ionic product (Kw ) and pKw for water; • appreciate use of buffer solutions; • calculate solubility product constant. Chemical equilibria are important in numerous biological and environmental processes. For example, equilibria involving O2 molecules and the protein hemoglobin play a crucial role in the transport and delivery of O2 from our lungs to our muscles. Similar equilibria involving CO molecules and hemoglobin account for the toxicity of CO. When a liquid evaporates in a closed container, molecules with relatively higher kinetic energy escape the liquid surface into the vapour...

Words: 16204 - Pages: 65

Free Essay

Essence of Salt

...Historically, the main reason for the addition of salt to food was for preservation. Because of the emergence of refrigeration and other methods of food preservation, the need for salt as a preservative has decreased, but sodium levels, especially in processed foods, remain high. The expected tastes and flavors associated to salt use is enormous coupled with the relative low cost of enhancing the palatability of processed foods, thus making it a key rationale for salt use in food preservation. However, taste is not the only reason for the continued use of high levels of salt in foods. For some foods, sodium still plays a role in reducing the growth of pathogens and organisms that spoil products and reduce their shelf life. In other applications, sodium levels remain high because salt plays additional functional roles, such as improving texture. A number of other sodium-containing compounds are also used for increasing the safety and shelf life of foods or creating physical properties. This work begins with a review of the non-taste or flavor-related roles of salt and other sodium-containing compounds in food. The second part will briefly discuss the role that sodium plays in various food categories and provides examples of the sodium content of various foods. ------------------------------------------------- FOOD SAFETY AND PRESERVATION ------------------------------------------------- As mentioned previously, the first major addition of salt to food was for taste and...

Words: 3822 - Pages: 16

Premium Essay

Study Habits

...the requirements fro the degree of Bachelor of Science in Psychology, this thesis entitled “The Adversity Quotient and Academic Performance among College Students at St. Joseph’s College, Quezon City” was prepared and submitted to the College of Arts and Science by Zhou, Huijuan. Approved by the committee on Oral Defense on March 8, 2009 with a grade of passed. Mrs. Nelia G. Prieto Chair, Liberal Arts Ms. Mildred Lazo Panel Member Mr. Francisco Lambojon Panel Member Accepted in partial fulfillment of the degree of Bachelor of Sciences Major in Psychology. Sr. Josephini P. Ambatali, SFIC Dean Acknowledgement This work would not have been possible without the presence and contribution of many valued individuals. Through this limited paper, I wish to express my endless, sincerest and eternal gratitude to all of you. To God Almighty, who has been with me all my life, for without his revelation and guidance, I would not have had this chance to experience being a student in the foreign college for the past four years. However, because of His grace in my life, I am who I am today. Thank you for being with me always and loving me so! To Sr. Manlin, Chang RSCJ and the Sisters of the...

Words: 20286 - Pages: 82

Premium Essay

The Adversity Quotient and Academic Performance Among College Students at St. Joseph’scollege, Quezon City

...requirements fro the degree of Bachelor of Science in Psychology, this thesis entitled “The Adversity Quotient and Academic Performance among College Students at St. Joseph’s College, Quezon City” was prepared and submitted to the College of Arts and Science by Zhou, Huijuan. Approved by the committee on Oral Defense on March 8, 2009 with a grade of passed. Mrs. Nelia G. Prieto Chair, Liberal Arts Ms. Mildred Lazo Panel Member Mr. Francisco Lambojon Panel Member Accepted in partial fulfillment of the degree of Bachelor of Sciences Major in Psychology. Sr. Josephini P. Ambatali, SFIC Dean Acknowledgement This work would not have been possible without the presence and contribution of many valued individuals. Through this limited paper, I wish to express my endless, sincerest and eternal gratitude to all of you. To God Almighty, who has been with me all my life, for without his revelation and guidance, I would not have had this chance to experience being a student in the foreign college for the past four years. However, because of His grace in my life, I am who I am today. Thank you for being with me always and loving me so! To Sr. Manlin, Chang...

Words: 20407 - Pages: 82

Free Essay

First Chimurenga

..."CHII"IURENGA II 1896 - 1897: A REVISIONIST STUDY THESIS Submitted in Fulfilment of the Requirements for the Degree of MASTER OF ARTS of Rhodes University I by MARK PHILLIP MALCOLM HORN January 1986 The following typog~aphical co~~ections attention since submission of this thesis. have come to my p.i line 8, "Phillip" should ~ead Philip. p.vi, li.ne 11, "Risings" should ~ead Rising. p.Vll, line 12, "~esponce" should ~ead ~esponse. p.3, line 17, "wa~f-io~" should read warriors. p.5, line 4, "96" should read 1896. p .. 8, line 3, IILomangLlndi should read LomagLlndi. p.9, line 2, " (inve~ted comma) missing after "role". p.19, line 9, "triatises" should read treatises. p.28, line 18, "analysis" should ~ead analyses. p.30, line 10, "the and" should ~ead "and the". p.42, line 28, "Histo~ians" should ~ead Histo~ian's. p.47, line 13, "Lomangundi" should ~ead Lomagundi. p.48, line 12, ~ sign missing befo~e the figu~e of 121 000. p.52, line 5, 1. ~5ign missing before the figure of 3. p.55, line 1, ~ sign missing befo~e the figu~es 10 to 60. p.55, line 3, -£ sign missing befo~e the figu~e of 100. p.56, lines 7 - 10, quote to be indented. p.b2, li.ne 1tJ, "dela" should be separated out to read "de la". p.tI4, line 4, "assisthim" should be sepa~ated out to ~ead "assist him"~· p.b"?, line 11, "inte~nicine" should t-ead intet-necine. p.83, line 17, "Ma~ch 1895" should ~ead Ma~ch 1894. p.89, line 5, "faction" should ~ead fl~action. p.95, line 29, fn. 12, "lNA" should ~ead NAZ...

Words: 104376 - Pages: 418

Free Essay

Nike

...SYLLABUS Cambridge IGCSE® Combined Science 0653 For examination in June and November 2015 Cambridge Secondary 2 Changes to syllabus for 2015 This syllabus has been updated. Significant changes to the syllabus are indicated by black vertical lines either side of the text. Cambridge International Examinations retains the copyright on all its publications. Registered Centres are permitted to copy material from this booklet for their own internal use. However, we cannot give permission to Centres to photocopy any material that is acknowledged to a third party even for internal use within a Centre. ® IGCSE is the registered trademark of Cambridge International Examinations © Cambridge International Examinations 2013 Contents 1. Introduction .................................................................................................................... 2 1.1 1.2 1.3 1.4 1.5 Why choose Cambridge? Why choose Cambridge IGCSE? Why choose Cambridge IGCSE Combined Science? Cambridge ICE (International Certificate of Education) How can I find out more? 2. Teacher support.............................................................................................................. 5 2.1 Support materials 2.2 Resource lists 2.3 Training 3. Syllabus content at a glance ........................................................................................... 6 4. Assessment at a glance ........................................................

Words: 17330 - Pages: 70

Free Essay

Customer Satisfaction

...Transforming Lives Communities The Nation …One Student at a Time Disclaimer Academic programmes, requirements, courses, tuition, and fee schedules listed in this catalogue are subject to change at any time at the discretion of the Management and Board of Trustees of the College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT). The COSTAATT Catalogue is the authoritative source for information on the College’s policies, programmes and services. Programme information in this catalogue is effective from September 2010. Students who commenced studies at the College prior to this date, are to be guided by programme requirements as stipulated by the relevant department. Updates on the schedule of classes and changes in academic policies, degree requirements, fees, new course offerings, and other information will be issued by the Office of the Registrar. Students are advised to consult with their departmental academic advisors at least once per semester, regarding their course of study. The policies, rules and regulations of the College are informed by the laws of the Republic of Trinidad and Tobago. iii Table of Contents PG 9 PG 9 PG 10 PG 11 PG 11 PG 12 PG 12 PG 13 PG 14 PG 14 PG 14 PG 14 PG 15 PG 17 PG 18 PG 20 PG 20 PG 20 PG 21 PG 22 PG 22 PG 22 PG 23 PG 23 PG 23 PG 23 PG 24 PG 24 PG 24 PG 24 PG 25 PG 25 PG 25 PG 26 PG 26 PG 26 PG 26 PG 26 PG 26 PG 27 PG 27 PG 27 PG 27 PG 27 PG 27 PG 28 PG 28 PG 28 PG 28 PG 28 PG 33 PG 37 Vision Mission President’s...

Words: 108220 - Pages: 433

Premium Essay

Lesson

...Evaluation of activities supported by UNICEF in Ba Phnom and Mesang Districts of Prey Veng Province, Cambodia under the OPTIONS Program Combating Child Trafficking and Exploitation through Education by Richard Geeves (VIAfilm) World Education UNICEF 28 September 2007 1 CONTENTS Tables 3 Links to documentary video 4 Acronyms 5 Foreword 7 A note on the OPTIONS evaluation report and documentary video Executive Summary 8 1. General background, evaluation method and coverage 18 2. Identification of vulnerable children 25 3. Improved formal education opportunities 29 Scholarships, Life skills, Student Support Network, Improved quality of teaching and learning, improved professional support to teachers 4. Improved non-formal education opportunities 43 School re-entry, My Better Future, NFE programs for out-of-school youth 5. Tracking and follow up of vulnerable children 52 Formal education, Non-formal education, Referral children 6. Impact on children and their families 56 Impact on children, Impact on families 7. Impact on communities, society and local institutions 60 Community attitudes to girls and education, child protection, Commune Councils, CEFAC/CWCCs 8. Capacity building, Cost effectiveness, Advocacy, Accountability/feedback, Sustainability 65 9. Findings and recommendations 73 Interviews and observations conducted 81 References 83 Attachments ...

Words: 33045 - Pages: 133

Free Essay

Mr.Zhen

...Review Paper Inulin - a versatile polysaccharide with multiple pharmaceutical and food chemical uses. Thomas Barclaya, Milena Ginic-Markovica, Peter Cooperb,c, Nikolai Petrovskyc,d a Flinders University, Adelaide, Australia 5042 Cancer Research Laboratory, ANU Medical School at the Canberra Hospital, Australian National University, Canberra, Australia 2605 c Vaxine Pty Ltd, Flinders Medical Centre, Adelaide Australia 5042 d Department of Endocrinology, Flinders Medical Centre, Adelaide, Australia 5042 b Received: 27 August 2010 Accepted: 10 October 2010 ABSTRACT á-D-glucopyranosyl-[â-D-fructofuranosyl](n-1)-D-fructofuranoside, commonly referred to as inulin, is a natural plant-derived polysaccharide with a diverse range of food and pharmaceutical applications. It is used by the food industry as a soluble dietary fibre and fat or sugar replacement, and in the pharmaceutical industry as a stabiliser and excipient. It can also be used as a precursor in the synthesis of a wide range of compounds. New uses for inulin are constantly being discovered, with recent research into its use for slow-release drug delivery. Inulin, when in a particulate form, possesses anti-cancer and immune enhancing properties. Given its increasing importance to industry, this review explains how inulin's unique physico-chemical properties bestow it with many useful pharmaceutical applications. KEY WORDS: Inulin, polysaccharide, fructose, excipient, vaccine, adjuvant INTRODUCTION ...

Words: 14449 - Pages: 58

Free Essay

Sezzybinbin - Love Letters to the Campus

...Copyright Page This book was automatically created by FLAG on May 2nd, 2013, based on content retrieved from http://www.wattpad.com/story/1921085. The content in this book is copyrighted by SezzyBinbin or their authorised agent(s). All rights are reserved except where explicitly stated otherwise. This story was first published on August 16th, 2012, and was last updated on October 13th, 2012. Any and all feedback is greatly appreciated - please email any bugs, problems, feature requests etc. to flag@erayd.net. Table of Contents Summary 1. PROLOGUE 2. INTRODUCTION 3. 1. 4. 2. 5. 3. 6. 4. 7. 5. 8. [Chapter6]Love Letters to him, Date? Part2 9. [Chapter 7]Love Letters to Him 10. [Chapter 8]Love Letters To Him 11. [Chapter 9]Love Letters to Him 12. [Chapter 10]Love Letters to Him 13. [Chapter 11]Love Letters to Him. Again? Part 1 14. [Chapter 12]Love Letters To Him. Again? Part 2 15. [Chapter 13]Love Letters to Him. Again? Part 3 16. SPECIAL CHAPTER 17. [Chapter 14]Love Letters to Him 18. [Chapter 15]Love Letters to Him, A heartbreak? 19. [Chapter 16]Love Letters to Him 20. [Chapter 17]Love Letters to Him, Love Part 1 21. [Chapter 18]Love Letters to Him, Love Part 2 22. [Chapter 19]Love Letters to Him, Love Message 23. [Chapter 20]Love Letters to Him, Girlfriend 24. [Chapter 21]Love Letters to Him 25. [Chapter 22]Love letters to Him 26. [Chapter 23]Love Letters to Him 27. [Chapter 24]Love Letters to Him 28. [Chapter 25]Love Letters to Him -3- 29. [Chapter 26]Love Letters...

Words: 37229 - Pages: 149

Free Essay

Investing

...Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam Copyright © 2006 by Jonathan A. Knee Published by Oxford University Press, Inc. 198 Madison Avenue, New York, NY 10016 www.oup.com Oxford is a registered trademark of Oxford University Press All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior permission of Oxford University Press. Library of Congress Cataloging-in-Publication Data is available ISBN-13: 978-0-19-530792-4 ISBN-10: 0-19-530792-5 1 3 5 7 9 8 6 4 2 Printed in the United States of America on acid-free paper For Chaille Bianca and Vivienne Lael and William Grant who says he wants to be an investment banker ACKNOWLEDGEMENTS As a f i r s t - t i m e au t h o r , I have many people to thank. Luckily for the reader, most of them are current and former employees of Goldman Sachs and Morgan Stanley who would prefer not to be cited. Their support and insight were invaluable to this enterprise. For early encouragement and guidance I must also thank Clare Reihill at Harper Collins, Brian Kempner and Peter Kaplan at the New York Observer, L. Gordon Crovitz...

Words: 114081 - Pages: 457

Free Essay

Khoabnamap Study About Religion

...IN CONTEMPORARY SOUTHEAST ASIA ISLAMIC STUDIES AND ISLAMIC EDUCATION i ii IN CONTEMPORARY SOUTHEAST ASIA ISLAMIC STUDIES AND ISLAMIC EDUCATION Editors KAMARUZZAMAN BUSTAMAM-AHMAD PATRICK JORY YAYASAN ILMUWAN iii Perpustakaan Negara Malaysia Cataloguing-In-Publication Data Islamic studies and Islamic education in contemporary Southeast Asia / editors: Kamaruzzaman Bustamam-Ahmad, Patrick Jory ISBN 978-983-44372-3-7 (pbk.) 1. Islamic religious education--Southeast Asia. 2. Islam--Education--Southeast Asia. I. Kamaruzzaman Bustamam-Ahmad. II. Jory, Patrick. 297.77 First Printed 2011 © 2011 Kamaruzzaman Bustamam-Ahmad & Patrick Jory Publisher: Yayasan Ilmuwan D-0-3A, Setiawangsa Business Suites, Taman Setiawangsa, 54200 Kuala Lumpur, Malaysia. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means – for example, electronic, photocopy, recording – without prior written permission of the publisher. The only exception is brief quotations in printed review. The opinions expressed in this publication is the personal views of the authors, and do not necessary reflect the opinion of the publisher. Layout and cover design: Font: Font size: Printer: Hafizuldin bin Satar Goudy Old Style 11 pt Gemilang Press Sdn Bhd iv ACKNOWLEDGEMENTS T his book grew out of a three-day workshop jointly held by the Regional Studies Program, Walailak University, and the Department...

Words: 104903 - Pages: 420

Premium Essay

107-K—Use of Law Journal and Legal Software

...GUJARAT UNIVERSITY SYLLABI OF THREE YEARS LL.B. PROGRAMME WITH CREDIT BASED SYSTEM (As prescribed b y the BAR CO UNCIL OF INDI A and as per the Rules of Legal Education, 2008) Effective from the academic year 2011-12 THREE YEARS’ LL.B. POGRAMME First LL. B. Semester – I FIRST LL.B. - S EMES TER 1 (MONSOON ) PE R WE EK S UBJEC TS LEC TURE S OT HER S T OT AL C RED IT S (SE M)29 CORE COURSE 101 L aw of T ort i ncludi ng MV A cci dent And C on sum er Pr ot ecti on Law s 4 1 5 5 CORE COURSE 102 Crim in al Law P aper – I (General P rinci pl es of P en al Law ) 4 1 5 5 4 1 5 5 4 1 5 5 4 1 5 5 1 1 2 2 1 1 2 2 CORE COURSE 103 CORE COURSE 104 CORE COURSE 105 FOUNDATIO N 106 F SOFT S KILL 107 K Crim in al Law P aper – II (S pec ific Off enc es) L aw of C ont ract S peci al C ontr act C on sti tuti on al Hist ory of I ndi a Use of Law J ournal s and L egal S oftw ar e 1 Semester – I Monsoon Semester CORE CO URSE 101 : LAW OF TO RT I NCLUDI NG M V ACCI DENT AND CO NS UM ER P ROTECTION LAWS Objectives of the Course : Wit h rap id industrializat ion, to rt actio n came to u sed again st manu factu rers and industrial un it fo r p roducts injurious to human beings. Present ly the emphas is is o n extend ing th e principles no t only to acts, which are h armfu l, bu t also to failu re to co mply with stand ards that are continuously...

Words: 16483 - Pages: 66

Free Essay

Religious Conversion

...from scp.sagepub.com at University of Zambia on March 22, 2014 Social Compass 46(3), 1999, 259–271 Lewis R. RAMBO Theories of Conversion: Understanding and Interpreting Religious Change The author explores the nature of theory and provides an overview of resources for the study of conversion to Islam. Theory is valuable in so far as it illuminates different aspects of a phenomenon. Various theoretical approaches include some dimensions and exclude others. Scholars of conversion must be aware of theoretical issues and systematically utilize theoretical options with sophistication. Such an approach will expand understanding of conversion and also enhance comparative studies of conversion. Theoretical orientations considered in this paper include: globalization, post-colonial, feminist, cross-cultural, religious/spiritual, intellectualist, narrative, identity, ritual, psychoanalytic, archetypal, attribution, attachment, process/stage, and Islamization theory. L’auteur analyse et offre un panorama des théories disponibles pour réaliser une étude des...

Words: 5949 - Pages: 24