decisions. AoA is an effort to move from the justification for a single alternative to the exploration of multiple alternatives so agencies have a basis for funding the best possible projects in a rational, defensible manner considering risk and uncertainty. As with other decisionmaking tools, techniques, and methodologies, AoA is most effectively used in a higherlevel decision-making context, such as an Enterprise Architecture (EA) framework. In fact, it is doubtful that the higher levels of AoA maturity
Words: 3583 - Pages: 15
C H A P T E R The External Environment 4 The Environmental Domain Task Environment • General Environment • International Context Environmental Uncertainty Simple-Complex Dimension • Stable-Unstable Dimension • Framework Adapting to Environmental Uncertainty Positions and Departments • Buffering and Boundary Spanning • Differentiation and Integration • Organic Versus Mechanistic Management Processes • Planning and Forecasting Resource Dependence Controlling Environmental Resources Establishing
Words: 11140 - Pages: 45
Woolworths for 2012 apply the accounting standard related to estimation uncertainty and accounting policy judgments. Furthermore, the potential gap between Woolworths’ current practice and the accounting standard requirements will also be discussed. Paragraphs 122- 124 of AASB101 has explained the requirements of significant accounting policy judgments and paragraphs 125-133 has detailed what need to be done for estimation uncertainty. According to these standards, Woolworths disclosed how the company
Words: 1886 - Pages: 8
conditions of certainty and uncertainty? When making a decision, can doing nothing be a valid alternative? Why? I think that the elements of decision making are centered around problem rationalization, boundary conditions, the right thing to do, action, and feedback. Uncertainty is a measure of variety such that uncertainty (H) is zero when all elements are in the same category. H increases with both the number of categories and their equiprobability. The uncertainty resulting from two or more
Words: 425 - Pages: 2
Managerial Economics : Definition, Nature, Scope Managerial economics is a discipline which deals with the application of economic theory to business management. It deals with the use of economic concepts and principles of business decision making. Formerly it was known as “Business Economics” but the term has now been discarded in favour of Managerial Economics. Managerial Economics may be defined as the study of economic theories, logic and methodology which are generally applied to seek solution
Words: 1336 - Pages: 6
Going Concern Group 4 ACCT 632, Advanced Financial Acct Theory Liberty University Aug 7, 2013 GOING CONCERN Summary of Going Concern current exposure draft Comparison and Contrast of current Going Concern theory and standards 1 Guidance provided by AU Section 341 2 Guidance provided by 17 U.S.C. §229.303 3 Proposed guidance of exposure draft Comparison and Contrast of U. S. GAAP and IFRS with respect to Going Concern 1 Current Going Concern variations
Words: 4936 - Pages: 20
. 3 ð The rudiments of a theory of expenditure and critique of Say’s law: ....................................... 4 ð A more detailed theory of expenditure: .................................................................................. 4 ð Uncertainty, expectation and confidence: ............................................................................... 4 ð Investment, asset choice and liquidity preference: ................................................................... 4 ð Employment
Words: 2005 - Pages: 9
Hodan Hashi October 29, 2014 What is the Concentration of dissolved Solids in a potato cell? DESIGN – Aspect 1: Defining the problem & selecting variables Research Question: How does the concentration of salt solution affect the mass of the potatoes. Background Information: Try to include known values / expected results from literature If you are going to include diagrams make sure you give them a fig # & descriptive title. Hypothesis: Table 1: Variables
Words: 789 - Pages: 4
uses PowerSimm as a tool to help with energy supply planning. It models NorthWestern’s current resources and operations with various assumptions, including resource additions and retirements. PowerSimm simulates the system as modeled, capturing uncertainty with several random variables. This results in a forecast of energy supply costs over the model time horizon. Forecasts of different sets of assumed resources can be directly compared if based on what is otherwise the same model. In PowerSimm
Words: 523 - Pages: 3
Week Two Study Guide: Planning Readings and Key Terms • “How the External Environment Affects Managers” subsection in the “The External Environment: Constraints and Challenges” section in Ch. 2 of Management. o Environmental uncertainty o Stakeholders • Ch. 8 of Management o Goals o Plans o Stated goals o Real goals o Strategic plans o Operational plans o Management by objectives o Environmental scanning • Ch. 9 of Management
Words: 1091 - Pages: 5
