"Name:Institution affiliation:Date:Course:Discussion Topic 5: Provide one example of how an assignment problem could be used in thebusiness world1. Original Analysis (150+ words): Each student will read the discussion topic and will applyconcepts and theory taught in that week to the real-world situations. This is to be posted on theDiscussion Board by end of Day 3 (Wednesday) each week (30 points)Discussion Topic 4: Suppose you face a decision making process at home such as purchasingnecessities, paying bill, etc. Set up a linear programming model in words, and discuss what yourobjective function, decision variable, and constraints would be.1. Original Analysis (150+ words): Each student will read the discussion topic and will applyconcepts and theory taught in that week to the real-world situations. This is to be posted on theDiscussion Board by end of Day 3 (Wednesday) each week (30 points) Discussion Topic 3: Provide one example of how a time series technique could be used in thebusiness world to help fir m’s decision making process 1. Original Analysis (150+ words): Each student will read the discussion topic and will applyconcepts and theory taught in that week to the real-world situations. This is to be posted on theDiscussion Board by end of Day 3 (Wednesday) each week (30 points)Discussion Topic 2: Discuss how you would deal with uncertainty at your workplace or athome, using the decision tree analysis 1. Original Analysis (150+ words): Each student will read the discussion topic and will applyconcepts and theory taught in that week to the real-world situations. This is to be posted on theDiscussion Board by end of Day 3 (Wednesday) each week (30 points) Discussion Topic 1: Suppose there are two events A and B. Can P(AUB) is greater than or equalto P(A)? Discuss why (or why not) using the concepts and theory you learned from Chapter 2. 1. Original Analysis (150+ words): Each student will read the discussion topic and will applyconcepts and theory taught in that week to the real-world situations. This is to be posted on theDiscussion Board by end of Day 3 (Wednesday) each week (30 points)APPLICATION OF ASSIGNMENT PROBLEM IN THE BUSINESS WORLDAn assignment problem refers to the essential combinatorial optimization problemswithin the branch of operation research or optimization. It involves finding of a maximumweight matching (or minimum weight perfect matching) in a weighted bipartite graph. It is adistinct class that belongs to programming problem and can be put into use in the business worldas well. It is applied in a situation where the main aim is to allocate a particular size of resourcesto an equivalent number of events on a one to one grounds purposely to reduce the overall costs of executing the mission at hand or maximize the total gain of distribution. For instance in amultinational company when allocating the resources to the subsidiary firms, it is preferable thatthe firms be handed same shares to perform their tasks individually. The exercise will consumelesser resource unlike if all the activities were to be handled by the parent company. ReferenceYadaiah, V., &Haragopal, V. V. (2016). A New Approach of Solving Single ObjectiveUnbalanced Assignment Problem. American Journal of Operations Research, 6(01), 81.LINEAR PROGRAMMNG MODEL INDICATING DECISION MAKING PROCESSON HOME EXPENSES.Linear programming model refers an algebraic description portraying the objectives thatare to be minimized and the constraints to be fulfilled by the variables. It is away ofdetermininggreatest results in terms of maximum gain or lowest expenditure in a mathematicalmodel where the requirements have a representation of linear relationships("Linear ProgrammingModel", 2017). In a situation at home where needed to make a choice on sorting of expenses forexample paying of bills and purchasing necessities basing on this model, my objective functionwill be the cost used in carrying out the activities after considering the lowest expenses inrelation to the purchases and the bills. I have to put in mind that for a lesser total cost to beactualized, the lower sides of spending which then constitute my decision variable areprioritized. Ultimately, limitations considering the specific points where I will get bothservicesand commodities with best quality but at a lesser amount make the constraints.ReferencesLinear Programming Model. (2017). Me.utexas.edu. Retrieved 26 April 2017, fromhttp://www.me.utexas.edu/~jensen/models/network/net2.html APPLICATION OF TIME SERIES TECHNIQUE IN BUSINESS WORLD TO HELP A FIRMIN DECISION MAKING PROCESSTime series technique refers to a method applied in capturing sequence at successivelyequal intervals in time. It is therefore used to make projections based exclusively on historicaltrends of the statistics obtained. Citing from this, it can aid a business firm in its decision makingprocess. For a commercial entity to settle on a specific choice of action, it has to considerwhether the surrounding factors favor its existence. That is, any decision made affects theoperation of an organization thus the right choices only have chances of implementation.Regarding this technique, a business firm is enabled to have a clear forecast in itsenvironment("Time-series methods of forecasting", 2017). The prediction in turn helps the firmto tell of its future operation whereabouts and thus structure on appropriate measures to handlethe situation. Mostly this assists in directing the company to come up with suitable plans as away to prepare for eminent disaster that can destruct the business if not countered.ReferencesTime-series methods of forecasting. (2017). All about Business and management. Retrieved 26April 2017, from https://businessmanagement.wordpress.com/2008/02/21/time-series- methods-of-forecasting/ DEALING WITH UNCERTAINTY USING DECISION TREE ANALYSISA decision tree analysis denotes to a visual model comprising of nodes and branches. Thebranches here serve to represent two or more contending selections that are available for thedecision maker. The idea of decision tree analysis therefore is to describe various likely waysthat represent deliberate choices or activities("Decision tree analysis -", 2017). It is factual thatpeople have never been indifferent to uncertainty since a lack of insignificance from uncertaintyoriginates from irregular preferences for a different result. Therefore basing on this scrutiny,handling risk at home or workplace becomes a manageable task since an extremely operationalsetup where I can consider options and analyze the outcomes of the chosen preferences isavailable. In this case, I will scrutinize the several choices of activities before me and dwell onthe findings regarding consequences attached to these options; I will be able to come up with themost suitable event to partake."