Common between optimization using total value and optimization using marginal analysis is:
Both techniques require the conversion of all costs and benefits into a common unit of measurement.
What is the principle of optimization at the margin?
The Principle of Optimization at the Margin states that an optimal feasible alternative has the property that moving to it makes you better off and moving away from it makes you worse off.
Optimization using total value:
calculates the change in net benefits when switching from one. alternative to another.
optimization using marginal analysis:
calculates the net benefits of. different alternatives.
Total Value analysis :
has a wide range of applications. The analysis can be used to assess an organization's key impacts, or provide more detailed information such as an assessment of the life cycle impacts of a product.
marginal analysis:
is an examination of the additional benefits of an activity compared to the additional costs incurred by that same activity. Companies use marginal analysis as a decision-making tool to help them maximize their potential profits.
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Answer:
It explicitly incorporates uncertainty in one or more input variables.
Explanation:
In simulation analysis we perform 1000's of calculations assigning risk of uncertainty to multiple input variables, as with increased data set the variable tend to increase.
This technique is generally used, for project management and further, decision making in many streams.
Under this probability of different results in the form of outcomes are evaluated.
Therefore, the correct statement is b.
Answer: Personnel policies and programs
Explanation:
The personnel policies and the program is refers to the force of magnetism which is used to assess for reviewing the structural empowerment in an organization.
The personnel policies and the programs basically provide an innovation environment where the staff in an organization are empowerment and develop their empirical qualities which include the improvement, knowledge and the innovation.
According to the given question, the personnel policies and the programs are the structural empowerment of an organization that demonstrating the innovations in the health care organization.
Therefore, Personnel policies and programs is the correct answer.
Answer:
False
Explanation:
In an enterprise-class database system, business users can not interact directly with the DBMS, which directly accesses the database data
