...Introduction to Management Science, 10e (Taylor) Chapter 1 Management Science 1) Management science involves the philosophy of approaching a problem in a subjective manner. Answer: FALSE Diff: 1 Page Ref: 2 Main Heading: The Management Science Approach to Problem Solving Key words: scientific approach 2) Management science techniques can be applied only to business and military organizations. Answer: FALSE Diff: 1 Page Ref: 2 Main Heading: The Management Science Approach to Problem Solving Key words: scientific approach, problem solving 3) Once management scientist makes his or her decision and recommendation to management, then typically, his or her involvement with the problem is finished. Answer: FALSE Diff: 2 Page Ref: 6 Main Heading: The Management Science Approach to Problem Solving Key words: management science, management scientist 4) A variable is a value that is usually a coefficient of a parameter in an equation. Answer: FALSE Diff: 1 Page Ref: 3 Main Heading: The Management Science Approach to Problem Solving Key words: variable 5) Parameters are known, constant values that are usually coefficients of variables in equations. Answer: TRUE Diff: 1 Page Ref: 4 Main Heading: The Management Science Approach to Problem Solving Key words: parameter 6) Data are pieces of information from the problem environment. Answer: TRUE Diff: 1 Page Ref: 4 Main Heading: The Management Science Approach to Problem Solving Key words:...
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...Introduction to Management Science, 10e (Taylor) Chapter 1 Management Science 1) Management science involves the philosophy of approaching a problem in a subjective manner. Answer: FALSE Diff: 1 Page Ref: 2 Main Heading: The Management Science Approach to Problem Solving Key words: scientific approach 2) Management science techniques can be applied only to business and military organizations. Answer: FALSE Diff: 1 Page Ref: 2 Main Heading: The Management Science Approach to Problem Solving Key words: scientific approach, problem solving 3) Once management scientist makes his or her decision and recommendation to management, then typically, his or her involvement with the problem is finished. Answer: FALSE Diff: 2 Page Ref: 6 Main Heading: The Management Science Approach to Problem Solving Key words: management science, management scientist 4) A variable is a value that is usually a coefficient of a parameter in an equation. Answer: FALSE Diff: 1 Page Ref: 3 Main Heading: The Management Science Approach to Problem Solving Key words: variable 5) Parameters are known, constant values that are usually coefficients of variables in equations. Answer: TRUE Diff: 1 Page Ref: 4 Main Heading: The Management Science Approach to Problem Solving Key words: parameter 6) Data are pieces of information from the problem environment. Answer: TRUE Diff: 1 Page Ref: 4 Main Heading: The Management Science Approach to Problem Solving Key words:...
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...and Hafas Furqanib Department of Economics, International Islamic University Malaysia, Jalan Gombak, 53100 Kuala Lumpur, Malaysia. (Email: mdaslam@iiu. edu.my) b Department of Economics, International Islamic University Malaysia, Jalan Gombak, 53100 Kuala Lumpur, Malaysia. (Email: hafasf@gmail.com) a ABSTRACT This paper argues that research and publications in the area of methodology of Islamic economics is very significant for a meaningful development of the discipline. Although the discussion on methodology of Islamic economics in contemporary Islamic economics literature is rather limited, this paper reviews the works of selected scholars who have attempted to present works on ‘methodology’ and their approach to the process of theory building in Islamic economics. The paper then presents some implications of these views based on the position that methodology investigates the criteria, rationalizations, arguments and justifications used in theory appraisal as well as evaluating the reliability of theories, this paper concludes that greater resources, both human and financial, need to be channeled to developing uÎūl al-iqtiÎād, a fundamental, but vastly, neglected area of research in contemporary Islamic economics. JEL Classification: B41, B49, B59, Z12 Key words: Methodology, Islamic economics, uÎūl al-iqtiÎād. *An earlier version of this paper was presented at the International Conference on Islamic Economics and Economies of OIC Countries, 28-29...
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...Wingyan Chung Artificial Intelligence Lab, Management Information Systems Department, University of Arizona, Tucson, AZ 85721. E-mail: {byronm, dmm, hchen, wchung}@eller.arizona.edu To make good decisions, businesses try to gather good intelligence information. Yet managing and processing a large amount of unstructured information and data stand in the way of greater business knowledge. An effective business intelligence tool must be able to access quality information from a variety of sources in a variety of forms, and it must support people as they search for and analyze that information. The EBizPort system was designed to address information needs for the business/IT community. EBizPort’s collection-building process is designed to acquire credible, timely, and relevant information. The user interface provides access to collected and metasearched resources using innovative tools for summarization, categorization, and visualization. The effectiveness, efficiency, usability, and information quality of the EBizPort system were measured. EBizPort significantly outperformed Brint, a business search portal, in search effectiveness, information quality, user satisfaction, and usability. Users particularly liked EBizPort’s clean and user-friendly interface. Results from our evaluation study suggest that the visualization function added value to the search and analysis process, that the generalizable collection-building technique can be useful for domain-specific information searching...
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...popular translation engines. For this purpose we have used the method of hybrid machine translation. Hybrid machine translation is a method of machine translation that is characterized by the use of multiple machine translation approaches within a single machine translation system. The motivation for developing hybrid machine translation systems stems from the failure of any single technique to achieve a satisfactory level of accuracy. B. Statistical Machine Translation Statistical Machine Translation systems make use of computer algorithms that find out many possible ways of connecting smaller pieces of text together, in order to produce a best translation. Statistical Machine translation basically translates words and phrases along with their statistical likelihood. These are learned automatically from previously translated text, creating a bilingual “database” of translations. A program referred as decoder matches the source code and phrases with the translation databases and searches for all possible translation combinations. An algorithm is then used to select the best translation out of the millions of possible translations and output it. The main advantage of statistical systems is the high levels...
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...This stage in the consulting process is known as ‘problem structuring’. The capabilities in Consulting have no limits with extraordinary growth in which is capable to handle and bring solutions for all business problems. Consulting is currently not well defined; however, it may refer to as giving advice to companies provided by trained professionals who help managers solve operational and strategic problems through the use of their knowledge and systematic analysis of facts and experience. Many specialised practitioners from all industry sectors often refer to themselves as ‘consultants’, in which roles they share knowledge and proffer advice to clients. The teaching of consulting begins its teaching by introducing the art and science of consulting. The reason being is that when coming up with any problems within a business, everything can be approached scientifically and everything can become art (Vidal R. 2006). The message given here believes to indicate that in complex situations to problem solving, it is advisable to use both the scientific and artistic attitudes for a more satisfying result to achieve with the risk of failure been minimized, all the participants been empowered and everybody to have given the chance to learn from the experience. The significance of art has changed due to cultural and historical reasons which have experienced major changes over the last century for what defines art. Previously, art was created in historically validated media...
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...Chapter 1: Why Software Engineering? Learning objectives: After studying this chapter, you should be able to: · Define what is meant by software engineering and describe the differences between computer science and software engineering. · Understand the track record of software engineering. · Identify the characteristics of “good software”. · Define what is meant by a systems approach to building software and understand why a systems approach is important. · Describe how software engineering has changed since the 1970s. Summary: This chapter addresses the track record of software engineering, motivating the reader and highlighting key issues that are examined in later chapters. In particular, the chapter uses Wasserman's key factors to help define software engineering. The chapter also describes the differences between computer science and software engineering and explains some of the major types of problems that can be encountered. The chapter explores the need to take a systems approach to building software. The main emphasis of this chapter is to lay the groundwork for the rest of the book. Software engineers use their knowledge of computers and computing to help solve problems. For problem-solving, software engineering makes use of analysis and synthesis. Software engineers begin investigating a problem by analyzing it, breaking it into pieces that are easier to deal with and understand. Once a problem is analyzed, a solution is synthesized based...
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...books within 1 business day; personal PDFs are available immediately. To Err Is Human: Building a Safer Health System Linda T. Kohn, Janet M. Corrigan, and Molla S. Donaldson, Editors; Committee on Quality of Health Care in America, Institute of Medicine ISBN: 0-309-51563-7, 312 pages, 6 x 9, (2000) This PDF is available from the National Academies Press at: http://www.nap.edu/catalog/9728.html Visit the National Academies Press online, the authoritative source for all books from the National Academy of Sciences, the National Academy of Engineering, the Institute of Medicine, and the National Research Council: • Download hundreds of free books in PDF • Read thousands of books online for free • Explore our innovative research tools – try the “Research Dashboard” now! • Sign up to be notified when new books are published • Purchase printed books and selected PDF files Thank you for downloading this PDF. If you have comments, questions or just want more information about the books published by the National Academies Press, you may contact our customer service department tollfree at 888-624-8373, visit us online, or send an email to feedback@nap.edu. This book plus thousands more are available at http://www.nap.edu. Copyright © National Academy of Sciences. All rights reserved. Unless otherwise indicated, all materials in this PDF File are copyrighted by the National Academy of Sciences. Distribution, posting, or copying is strictly prohibited without written permission of...
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...UNVERSITY OF GUYANA social science department of business & management studies Group Assignment Names: Alexis Parris-14/0312/1864 Narotam Bisnauth- Sherry Wilson-Fraser- Willana Cameron- Jenelle Richards- Kester Bowen- Course: ACT 2101 Semester 1 for the Academic Year: 2015-2016 Presented to: Ms. Elizabeth Persaud 2015 lucky 10/1/2015 Table of Content Introduction………………………………………………………………………………..2-3 Description………………………………………………………………………………..4-16 Analysis………………………………………………………………………………………17- Conclusion…………………………………………………………………………………… Bibliography…………………………………………………………………………………. Introduction Management theories have evolved over a number of centuries. According to (Koontz and Weihrich 1990, p 4), management is the process of designing and maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims. Theories are perspectives with which people make sense of their world experiences (Stoner et.al 1995, p 31-32). Theory is a systematic grouping of interdependent concepts and principles that give a significant area of knowledge. Theory is in its lowest form a classification, a set of pigeon holes, a filing cabinet in which fact can accumulate. Nothing is more lost than a loose fact, (Homans 1958, p 5). Management theories are the set of general rules that guide the managers to manage an organization. Management theories...
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...There seems to be an increasing gap between people and nature. Interpretation can be seen as a process of narrowing this divide by building “bridges”, across unfamiliar territory, to places of deeper care and understanding. The definition of interpretation is: A mental representation of the meaning or significance of something. The interpreter is one who develops the meaning of a place and the living things, its processes and human interactions. Interpretation happens in many ways, from guided tours to brochures, signboards, slideshows, live performances and many others. Without hands-on experience, it is impossible for someone to acquire a deeper understanding of the natural world. Interpretation delivers multiple perspectives in a culturally compassionate way. The main function of an interpretation center is to promote a creative learning atmosphere, seeking to reveal to the visitors the significance of cultural or historical heritage of the surrounding environment. The main objective is nature education. This is achieved by hosting tours of the land/sea-scape, informative classes and hands on interaction with the environment, in an effort to create awareness and promote biodiversity, conservation and ecotourism. Usually located within a protected open space, these “nature” centers often have trails through their property. Some centers are located within a state or city park, and some contain facilities where various plants are cultivated for exhibition. Their properties can...
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...underpinnings need a foundation for inquiry to conduct research. Quantitative and qualitative research methodologies consist of three philosophical underpinnings, which is identified as: objectivism, subjectivism, and constructivism. The different philosophical foundations and scientific of quantitative and qualitative methodologies have different ontology and epistemology. In quantitative paradigms have an ontology and epistemology of, where the observer and the observed are considered separate and independent. Whereas, qualitative the ontology and epistemology is multiple, socially and psychologically constructed phenomenon, where the observer and the observed are connected to each other (Gelo, Braakmann, and Bebtka, 2008). * Approach to inquiry: induction versus deduction According to Christensen, Burke, and Turner (2010) (p. 7), induction is a process that involves going from the exact to the universal. Inductive reasoning...
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...that specific system must to be planned. As indicated by Churchman, (1979) there is a wide range of methods to analyze the complicated systems. Holism is the strategy to speak to the enormous systems as entire. Techniques have their advantages and disadvantages (Verschuren, 2001). Critical thinking is exceptionally essential, however it is additionally an extremely misconstrued science. This is the initial step, yet generally overlooked. At the point when the system is not doing the fancied capacity, then the issue is distinguished in the system (Churchman, 1979). Table of Contents Holism Vs Reductionism…………………………………………………………………………4 Reductionism…………………………………………………………………………………...4 Holism……………………………………………………………………………………….…5 Advantages of Holism on Reductionsm…………………………………………………………..6 Need of Holism over Reductionism……………………………………………………………….7 Conclusion 7 References 8 Holism Vs Reductionism Holism is referred as an alternate approach for system thinking, it’s not only identify the parts, but also helps in understanding the evolution of new entities from the old entities. So, Holism is referred as a better approach than reductionism in terms of systems thinking. Reductionism helps in detecting the parts, identifying the working conditions and helps in understanding the interconnections of the network in a system. Holism and reductionism helps in understanding the nature of the system and helps in improving the systems thinking. System thinking is applicable...
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...The REA Accounting Model: Intellectual Heritage and Prospects for Progress Cheryl L. Dunn Florida State University William E. McCarthy Michigan State University Send page proofs to: William E. McCarthy Department of Accounting N270 North Business Complex Michigan State University East Lansing, MI 48824 Acknowledgments: The authors would like to acknowledge the helpful comments of three anonymous referees and the editor on two earlier versions of this paper. Helpful pointers into the literature were provided by William Schrader and Stephen Zeff. We would also like to acknowledge comments received at the Michigan State University 1995 Summer AIS Colloquium and at the 1995 Workshop on Semantic Modeling of Accounting Phenomena. Financial support was received from Arthur Andersen LLP and from the Departments of Accounting at Grand Valley State University and Michigan State University. The REA Accounting Model: Intellectual Heritage and Prospects for Progress ABSTRACT: Researchers often equate database accounting models in general and the Resources-Events-Agents (REA) accounting model in particular with events accounting as proposed by Sorter (1969). In fact, REA accounting, database accounting, and events accounting are very different. Because REA accounting has become a popular topic in AIS research, it is important to agree on exactly what is meant by certain ideas, both in concept and in historical origin. This article clarifies the intellectual...
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...the technical and logical part of building an open source cloud. The process of doing this took two main different approaches in making it work. This thesis will explain and demonstrate the two ideas which were diskless booting distributing computing and Ubuntu Enterprise Cloud based on Eucalyptus. In order to understand the technologies used, a project on building the cloud was done at the premises of the Central Luzon State University – Information Systems Institute, Science City of Munoz. In this project, the installation and configuration were done on two Ubuntu servers and one client Ubuntu desktop computer in both approaches. As the project went on, challenges were encountered which caused the change to different ways of facing the aim and the objective of the project. Regarding the first approach of building a cloud computing environment, explanations on how the idea came about, how to use preboot execution environment, booting through the network and managing the cluster computers remotely from the servers are all included in this thesis. Drawbacks of this approach are also explained in this documentation. Regarding the second approach, Ubuntu Enterprise Cloud based on Eucalyptus was used as the preferred technology. This thesis will explain, demonstrate and show the process and the outcome of using this technology . Virtualization Technology and distributed computing among other techniques were used in this approach. In addition to this, a simple demonstration...
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...activities should be implemented to deliver their vision. These choices form the strategic portfolio. Decisions at this level can significantly impact the success of the organisation. Strategic Portfolio Management is the responsibility of the senior management team, which needs to ensure that strategy and operations are aligned and integrated. Everything an organisation does is potentially part of the portfolio, including business-as-usual activities and transformation initiatives, such as improving customer services, driving growth or entering a new market. Strategic Portfolio Management It is equally applicable to the private and public sectors, and can be used across the whole organisation or a part. The Catalyze approach provides visibility and control to senior managers, who typically have too little data in some areas and too much in others. We provide a systematic process, which delivers the focused information required to make key strategic trade-offs. Strategic Portfolio Management is about deciding where best to focus the organisation’s finite resources in order to meet strategic objectives, considering the business as a portfolio of activities and making tradeoffs across the portfolio. Vitally this includes making those difficult choices of what not to do, unlocking resources to focus on fewer, better activities – those most closely aligned with strategic success. Once the portfolio is focused, attention needs to turn to execution...
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