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BUSINESS INTELLIGENCE FOR ANALYTICAL DECISIONS
George, the new manager of supermarket Ralph is trying to understand association rule with your help. He provides the following information. In April 2005, 80 transactions contain eggs; 40 transactions contain milk and 15 transactions contain sugar. Moreover, 10 transactions contain all three items (egg, milk and sugar) altogether; 20 transactions contain egg and milk together; 15 transactions contain egg and sugar together and 10 transactions contain milk and sugar together. (Note: these transactions may overlap, e.g. the 15 transactions with both egg and sugar are among the 80 transactions with egg.) George got a rule as follows: egg --> milk with support 20%. Now he asks you to show him the support, confidence and lift for the rule: {egg, milk} --> sugar. (Note: You may not need all the numbers provided here. This question is used to test your understanding about the concept of support, confidence and lift. You should be able to get the answer with a few simple calculations).
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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