Overview of the Assignment: There are two versions of this exercise. The first version is for Oracle, IBM DB2 and other ORDBMS that support standard object-relational features. The second version is for Microsoft SQL Server, Sybase, MySQL and other RDBMS that do not support standard object-relational features. You are required to do only one of these Options, though completing both will help you appreciate […]
HW4: Flat-Lying Rocks & Grand Canyon 1) What is the difference between ‘landform’ and ‘landscape?’ 2) Many different hues of red can be observed in the rocks of the Colorado Plateau. Where does the red color come from, and in which part of the rock would you find it? What processes causes the red color to form in the rocks? 3) List […]
Week 2 Final Paper Preparation To prepare for your Final Paper (due in Week Five), complete the following assignment and submit it to your instructor for feedback. Your paper should include a problem statement, outline, and annotated bibliography. Problem Statement: Describe the social problem selected for your paper. Outline: Using the sample below as a guide, provide an outline for your Final Paper. Remember that […]
QuestionBUSN5 CH2 WKSMultiple ChoiceIdentify the choice that best completes the statement or answers the question.1. Define economics.a) a financial and social systemb) the study of a country’s overall economic issuesc) the integration between consumers, families, and businessesd) the study of the choices that different entities make in allocating resources2. Macroeconomics focuses ona) the major issues facing the national economy, but has little or no relevance […]
SBE 310 Small Business Management and Entrepreneurship Week 1 Week 1 DQ 1 What do entrepreneurs do that distinguishes them from any other person involved in business? Why it is that personality characteristic may be good predictors of who will be a successful entrepreneur? Week 1 DQ 2 Think of an activity that you love to do; it could be a personal interest […]
Discussion 1: Title Protection and Licensure When one pictures a doctor sitting at her office desk, it seems natural to imagine multiple diplomas on the wall nearby. The notion of doctors displaying their credentials seems indisputable when one considers the importance of professional credibility in instilling trust in patients. Just as medical practitioners are responsible for achieving and maintaining proper licensure, so are social work […]
Prison overcrowding is a major issue in virtually every state and in many municipalities. This is a noted problem nationwide. The reasons are that judges are sentencing more offenders to jails and prisons. State and federal sentencing guidelines have prescribed specific sentencing ranges for various types off offenders and offenses committed. Inmate populations are increasing due to the number of repeat offenders returning to our […]
1Unsatisfactory0.00% 2Less than Satisfactory65.00% 3Satisfactory75.00% 4Good85.00% 5Excellent100.00% 15.0 %Applying ACEI Standards 2.0 % 1.0 Development, Learning, and Motivation Does not know, understand, or use the major concepts, principles, theories, and research related to development of children and young adolescents to construct learning opportunities that support individual students’ development, acquisition of knowledge, and motivation. Knows and understands some of the concepts, principles, theories, and […]
First, make sure to make any necessary revisions to your logical model based on Task 1 feedback. Using MySQL, write the statements to develop a physical model of your database by creating the tables and constraints based on your Task 1 logical model. Be sure to use your ERD and data dictionary and create all constraints appropriately. Once your tables are created, you will populate […]
Assignment 2: Composing and Using Regular Expressions Due Week 9 and worth 50 points Regular expressions became popular with the introduction of the UNIX operating system in 1960s and its text processing tools such as grep and ed. Write a two to three (2-3) page paper in which you: Define regular expressions and explain their purpose. Provide at least three (3) examples which demonstrate the way regular expressions […]
Please read the following Forbes article “Should Your Company Be Using Mathematical Optimization?Links to an external site.” and the KDnuggets article “Mathematical Optimization for BusinessesLinks to an external site..”
After reading the articles, do some research on why companies have been using optimization methods for their business decisions. Discuss how using optimization improves the profitability of the company.
Reply to at least two of your classmates.
Classmate 1: Finding the optimal answer to a problem given a set of restrictions and goals is the process of optimization. Companies have been using optimization methods due to its many benefits. Optimization has changed entire industries by enabling businesses to take on their most challenging issues and make the best choices to maximize their operational effectiveness (Rothberg, 2020, para. 7). Optimization models examine data and choose the best course of action using mathematical methods. By using optimization techniques, businesses can improve their decision-making and more effectively accomplish their objectives.
Using optimization improves the profitability of a company by reducing costs. Companies can use optimization models to find operational areas where they can cut costs. It is possible to apply optimization to establish the best price for a good or service. Optimization models can determine the price that will optimize profits by examining different factors. By optimizing the company’s product development choices, such as choosing the greatest features to add to a new product, businesses can also increase their profitability. Businesses can boost income and cut costs by making smarter judgments on product development.
References
Rothberg, E. (2020, July 06). Council post: Should your company be using mathematical optimization? ask yourself these four questions to find out. Retrieved February 27, 2023, from https://www.forbes.com/sites/forbestechcouncil/2020/07/07/should-your-company-be-using-mathematical-optimization-ask-yourself-these-four-questions-to-find-out/
Classmate 2: Companies have been using optimization methods in order to come up with cost effective ways to run their businesses. A major takeaway I was able to take from the KD Nuggets article is how efficient it can be throughout different business sectors. During the course we learned how optimization methods can be effective in situations such as transportation and how some methods allow solutions in complex situations such as determining costs when traveling however, it can also be used in financial firms to determine stock selections. Optimization allows portfolio managers to select certain stocks or bonds which can maximize yield while mitigating risk.
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