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Business Analytics : Assignment

   

Added on  2021-01-01

13 Pages1885 Words145 Views
Statistics and Probability
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BUSINESSANALYTICS
Business Analytics : Assignment_1

Table of ContentsINTRODUCTION...........................................................................................................................11. Uncertainties company may face and possible outcomes..................................................12. Decisions company can face and the possible alternatives................................................13. Tree plan:............................................................................................................................14. Expected net present value of the preferred alternatives:..................................................25. Pros and cons of recommendations....................................................................................26. Sensitivity analysis.............................................................................................................27. Time scale...........................................................................................................................3CONCLUSION................................................................................................................................3REFERENCES................................................................................................................................4APPENDIX......................................................................................................................................5
Business Analytics : Assignment_2

Business Analytics : Assignment_3

INTRODUCTIONBusiness analytics indicates towards techniques and methods used by the organisation toanalyse the performance of business (Newbold, Carlson and Thorne, 2012). Various statisticalmethods and formulas are considered with specific project and process. Some statistical methodsand software are also used by entities that presents results in graphical form and provides betterunderstanding and knowledge regarding the decision. 1. Uncertainties company may face and possible outcomesCompany is seeking to develop a new product named Card98 by one of its R&Dlaboratories. The decision regarding the products have some uncertainties, failure of the projectis one of the major uncertainty for large plan (Newman and et., al., 2014). There are 50% chancethat competition will respond with related product. There are chances that company may sufferheavy loss if product remains unable to recover the cost. Past results also indicates only 30%availability of selling the products exists in the market. If the project remains unsuccessful then itwill be abandoned. Calculations are shown in Appendix Question 1. 2. Decisions company can face and the possible alternativesIn the give case study, the company faces uncertainties regarding probability of a productcodenamed Card98 being successful if undergone a test marketing stage (Gilman, 2018). Thecompany needs to decide whether they should go ahead with the product development of Card98based on the results of test marketing stage or completely abandon the project altogether. Inorder to answer this question, to build or not to build, a decision tree analysis is carried on takinginto consideration various possibilities and probabilities attached thereof regarding Card98.The first uncertainty faced by management is to choose between two alternatives- toabandon the project (alternative 1) or to go ahead with test market of Card98 (alternative 2). Thepossible outcome of choosing alternative 1 will be that there is no cost incurred on the product(£0). On the other hand3. Tree plan:The tree plans is formed by considering the project plan. Title of the tree plan is Card98.Tree plan as attached in appendix describes a business plan. Each terminal of tree shows totalprofit or loss from a particular path. Each point in tree plan are divided in two options oralternatives and these option are further divided into two options. These different options or1
Business Analytics : Assignment_4

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