Business Decision Making and Sustainability

This assignment delves into the realm of business decision making with a particular emphasis on integrating sustainability considerations. It examines decision support systems as tools for informed choices, explores the concept of sustainability accounting for businesses, and investigates how organizations can innovate their business models to promote environmentally and socially responsible practices. The provided readings cover various aspects of these topics, including balancing priorities in sustainable supply chain management, applying multiple attribute decision-making methods, and the role of trial-and-error learning in business model innovation.

BUSINESS DECISION-
MAKING

Table of Contents
INTRODUCTION...........................................................................................................................3
TASK 1............................................................................................................................................3
1.1 Data Collection from students across all campus.............................................................3
1.2 survey methodology and sampling framework use..........................................................5
1.3 Design a Questionnaire for collecting data......................................................................6
TASK2.............................................................................................................................................9
2.1 Summarising the Data collected by using representative values......................................9
2.2 Analyses the result and conclusion ................................................................................20
2.3 Analysis through measure of dispersion.........................................................................21
2.4 Quartile, percentiles and the correlation coefficient can be helpful ..............................22
TASK 3..........................................................................................................................................22
3.1 using the different charts and Graphs.............................................................................22
3.2 Trend line charts from the spreadsheets........................................................................24
3.3 Presentation....................................................................................................................26
3.4 Report to the QAA committee.......................................................................................37
TASK 4..........................................................................................................................................38
4.1 Information system used at different level ....................................................................38
4.2 project plan through activity by determining critical path............................................40
4.3 By using the data of cash flow for the decision making ................................................41
CONCLUSION..............................................................................................................................42
REFERENCES..............................................................................................................................43

INTRODUCTION
The project report is all about the topic of business decision making which is a term
describe as a course of action specifically selected from a various alternatives to achieve their
organizational goals and targets. Under this report as representative of student in UK college of
business I have to design plan by doing survey by collecting data from various sources and on
the basis of this QAA team will review the college (Ariely and Berns, 2010). Basically whole
business is depend upon the effective decision of an entrepreneur which means decision making
is a very critical part and continuous for the business activities.
Mainly business decision making is all about collection of appropriate data either from
secondary or primary which act as very helpful while judgement making process. In other words
enterprise decision making explains all the necessary factors whatever is required while making
useful decision for the amended of enterprise. In addition a perfect and appropriate plan must
required for the organization just to take correct decision with the help of various graphs, pie-
charts and by using various useful data or information in business decision making. So the
business decision making is all about taking of a useful decision for the organization. Under this
product report there are various task that are discussed, which is associated with functional
aspects of business decision making regarding UKCBC. In the First task a survey research is
conducted from sources of data collection about UKCBC to know reviews of students and staff
about their satisfaction. In the nest part is covers, various athematic calculation to know the mean
median and mode through using graphs. At the end of the report NPV and Critical path is explain
to know minimum time need to complete a project.
TASK 1
1.1 Data Collection from students across all campus
Planning is a term by which an administration can easily meet their organization
objectives by making effective decision to avoid various future mistakes and errors which may
occur while planning period (Casadesus-Masanell and Ricart, 2011). Primary and secondary
data are the various sources by which an organization can easily collect relevant data and
information regarding the college facility and other issues.

Primary data are also known as first hand information which means the information
collected by researcher itself and it also known real time data. In fact this data are based on
personal experiences and observations to get accurate results.
secondary data are known as second hand data collected by other person for the use of
business to make effective decision. Secondary data can save the time of a an organization
because they are already find by other member for example literatures, evidences, social sciences
or any past records.
To develop research question that are well structured:
 Too Narrow: under this questions can be answers with just Yes or No .
 Unfocused and too broad : this is to broad that research would be hard to discussed in
paper (Chang, Van Witteloostuijn and Eden, 2010).
 To Objectives : under this all data collected but not lend itself to collect information
which can be used for valid arguments.
 Too simple : The information can be get without need to collect unique data.
Principles of research questions :
1. Genuine : The questions are based on the real investigation and deliberation.
2. Promises insight : It is based on knowledge and perspective or insight which has been
already asked and answered.
From the above mentioned sources primary data is useful for our survey because it will
provide fresh ideas and view about their college. The research is based in context if information
is relevant through primary sources.
While secondary sources are just to easy because data are already available about
UKCBC . so primary data is used under this research and by using this short, and open ended
questions is being asked from various students and youngsters. Normal survey question is being
asked under this research.
The information sources is campuses of UKCBC colleges about its CSR, Tourism and
social care regarding their students.
The data collection is done through asking questionnaire and personal interviews from
various students and staffs from different campuses of UKCBC colleges. During evening and
day shift of colleges hours. Those skilled researchers which are having proper knowledge of

technical as well as practical aspects of data collections. Yes, researcher has to face certain
limitation as they have very limited time duration and just 60 responded to collected information.
1.2 survey methodology and sampling framework use
“Survey is all about the student satisfaction and experience that they are getting from the
UK of business and computing. Regarding their views and perception we have to plan and design
a report by using the various research methodologies and frame”.
Research methodology is the term which means to find a relevant information by
adopting various effective strategy to attain their goals. Basically research methodology explicit
the overall advantages and disadvantages applied in the above data collection plan (Gigerenzer
and Gaissmaier, 2011). In fact sampling is one of the very effective and useful technique applied
by the organization to sewing useful information to make use of them in the business.
Sampling frame is a statement or is a source by which an enterprise can select an
appropriate alternatives from a large one which means sampling frame is a method of sudden
selection from various data. It is of two types :
 Qualitative Sampling : To identify the participants from the college to seek some
information or issues.
 Quantitative sampling : It is based on the errors, Generalization and the representation of
the population size and to get results.
In fact with the help of sampling method an organization can easily gather qualitative and
quantitative data according to the requirement in business process. However which means survey
is primarily shows all the essentials technique and method which is useful while making plans by
considering all the factors like consumer satisfaction, preferences, attitude and behaviour
towards the college as well as facilities they are getting from it (Ho, Xu and Dey, 2010).
Research methodologies are used to study implication of uniform action through
conducting research in UKCBC college. It help to contextualize its findings within the large
body of research. The set goal of analysing survey regarding satisfaction and experiences of their
students are being easily evaluated. The key of research relies in iteration. It will be helpful in
revision and improvement of research with new ideas and innovation.
Main use of sampling framework is to used the qualitative and quantitative data properly.
Make sampling from various numerical information and on that basis provide ranking to the

most appropriate techniques. It mostly conducted through Questionnaires, taking face to face
interviews, or by observing there responses towards asked questions.
There are various sampling framework use to conduct proper research:
 Random sampling: Under this methods each units and group have same proportion of
selection as random for an option.
 Quota sampling: It is used to create representatives values from the selected groups as
they are said to be alternate of random sampling.
 Cluster sampling: In this methods a particular groups is separated in different groups
from various number of answers.
Under this research methodologies a sample size of 60 is been taken from various number of
students those are studying in different campuses of UKCBC colleges.
1.3 Design a Questionnaire for collecting data
Survey : About the student satisfaction and Experience From their College
Name of the students :
Faculty :
Age:
Age group: From 18 to 45
Year-:
1 In which campus of UKCBC do you study?
a) Park Royal campus
b) Wentworth House campus
c) Lords House campus
d) Cricklewood campus
e) Holborn campus
f) Oxford Street campus
2. Which course are you attending?
a) Business Management
b) Travel and Tourism

c) IT technology
d) Health and Social care
e) Accounting
3. What class are you attending?
a) evening
b) day
4. Are you satisfied with administration's support?
a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
5. Are you satisfied with the teaching methods?
a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
6. Are you satisfied with learning facilities ? ( e.g. e-learning, library)
a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
7. Are you satisfied with the way your assignments are graded?

a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
8. Are you satisfied with facilities such as canteen, class rooms, toilets etc.?
a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
9. According to you what is best in UKCBC?
a)Studying environment
b)cooperative staff
10. Does experience from this college will help you in future?
(a)Yes
(b)No
(c)No Comment
11. How likely is to recommend UKCKC to other people?
a) Very unlikely
b) Likely
c) Very likely
Q.12 Feel free to provide additional comments or feedback
…...............................................................................

TASK2
2.1 Summarising the Data collected by using representative values
1 In which campus of UKCBC do you study?
a) Park Royal campus 10
b) Wentworth House campus 8
c) Lords House campus 6
d) Cricklewood campus 12
e) Holborn campus 14
f) Oxford Street campus 10
60
Mean 10
Median 10
Mode 0
a) Park Royal campus
c) Lords House campus
e) Holborn campus
0
2
4
6
8
10
12
14
16
10
8
6
12
14
10
2. Which course are you attending?
a) Business Management 14
b) Travel and Tourism 16

c) IT technology 15
d) Health and Social care 10
e) Accounting 5
60
Mean 12
Median 14
Mode 0
a) Business Management
b) Travel and Tourism
c) IT technology
d) Health and Social care
e) Accounting
0
2
4
6
8
10
12
14
16
18
14
16 15
10
5
3. What class are you attending?
a) evening 40
b) day 20
60
Mean 18.5
Median 17
Mode 14

40
20
a) evening
b) day
4. Are you satisfied with administration's
support?
a) Very unsatisfied 9
b) Slightly satisfied 10
c) Neutral 7
d) Satisfied 16
e) Very satisfied 18
60
Mean 12
Median 10
Mode 0

a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
0
2
4
6
8
10
12
14
16
18
20
9 10
7
16
18
5. Are you satisfied with the teaching methods?
a) Very unsatisfied 6
b) Slightly satisfied 12
c) Neutral 3
d) Satisfied 20
e) Very satisfied 19
60
Mean 12
Median 12
Mode 0

a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
0
5
10
15
20
25
6
12
3
20 19
6. Are you satisfied with learning facilities ?
( e.g. e-learning, library)
a) Very unsatisfied 8
b) Slightly satisfied 11
c) Neutral 6
d) Satisfied 17
e) Very satisfied 18
60
Mean 12
Median 11
Mode 0

a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
0
2
4
6
8
10
12
14
16
18
20
8
11
6
17 18
7. Are you satisfied with the way your
assignments are graded?
a) Very unsatisfied 4
b) Slightly satisfied 14
c) Neutral 2
d) Satisfied 24
e) Very satisfied 16
60
Mean 12
Median 14
Mode 0

a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
0
5
10
15
20
25
30
4
14
2
24
16
8. Are you satisfied with facilities such as canteen, class rooms, toilets etc.?
a) Very unsatisfied 2
b) Slightly satisfied 14
c) Neutral 4
d) Satisfied 22
e) Very satisfied 18
60
Mean 12
Median 14
Mode 0

a) Very unsatisfied
b) Slightly satisfied
c) Neutral
d) Satisfied
e) Very satisfied
0
5
10
15
20
25
2
14
4
22
18
9. According to you what is best in UKCBC?
a)Studying environment 35
b)cooperative staff 25
60
Mean 18.5
Median 19.5
Mode 14

35
25
60
a)Studying environment
b)cooperative staff
10. Does experience from this college will help
you in future?
(a)Yes 35
(b)No 15
(c)No Comment 10
25
Mean 18.5
Median 14.5
Mode 4

35
15
10
25
(a)Yes
(b)No
(c)No Comment
11. How likely is to recommend UKCKC to
other people?
a) Very unlikely 17
b) Likely 15
c) Very likely 45
60
Mean 20.25
Median 16
Mode 4

a) Very unlikely b) Likely c) Very likely
0
5
10
15
20
25
30
35
40
45
50
17 15
45
Year 2017 No. of students Satisfied students
January 5 3
February 4 2
March 3 2
April 6 4
May 5 3
June 4 2
July 6 4
August 4 2
September 6 4
October 8 6
November 5 3
December 4 2
Total 60 37

Standard deviation 1.2401124094
MINIMUM RANGE 2
MAXIMUM RANGE 6
CORELATION
COEFFICIENT 0.978588508
From the above figuring, it has been analyse that in year 2017, there are no. of students
selected in the UKCBBC and the students who were fully satisfied from the college institutions
and their business office which they have been given to the scholar (Kahneman, Lovallo and
Sibony, 2011). In 2017, number of students sign up in the school are enlarged as they ends up to
60, and the fulfilled scrutiny among them are 37 . In OCTOBER, the balance have been totally
changed as more students have enlisted and their big part were going expanded to 8 and number
of students who were satisfied likewise increased. A similar situation have reliably gone till to
the December. Form the above data, it is determine that the UKCBC is become one of the top
college which is growing every year with large number of satisfied students.
Ranges are
MINIMUM RANGE 2
MAXIMUM RANGE 6
Standard deviation : 1.24
Coefficient of correlation is 0.9.
2.2 Analyses the result and conclusion
On the basis of the above data collection by felling the questionnaire from the number of
students and college faculties we have analysed that UKCBBC is one of the great colleges in UK
which is delivering the better facility and results to the economy and the satisfaction to students
(Li, 2010). This lead to regular admission of students in the past coming years till the current
situation. The mean of the data in which is average collection of the students from the continuous
admission in the year. The median of the survey is again be the situation of middle year capacity
of student. And the mode value is recorded as Nil because there are different in the figure of the
data collection.

As we have seen in this data collection from the various year performance that the no .of
students are increasing at the regular basis which means that the college is good enough to satisfy
the needs and providing sufficient information and valuable knowledge to the students
(McGrath, 2010). The data is also indicating that satisfied students from the facilities of the
colleges and environment.
The Logical thinking says that one of the finest college is delivering healthy outcomes to
the students and also free from any kind of issues and the grievances between the students and
faculty members. Consequently, these all are the values which have been utilized for framing the
decisions of the company. With the resource of delegate choice, organization could ready to have
the decisions for powerful moving of the organization. The analysis is conducted in the manner
of total data collected from 60 respondents. Out of 37 are mostly satisfied with college and other
facilities of the colleges. More than 65% on an average number of students are in favour of
positive results. The most number of students satisfaction is come from park royal campuses
with 40%. Some areas like E-learning and other learning facilities should be improved.
2.3 Analysis through measure of dispersion
Dispersion : It refers to the statistical collection of the portfolio return. It is the variation
of different member and students of a population. It can be said that process of distribution of the
ideas over huge areas (Pettigrew, 2014).
Types of dispersion
1. Relative measure of dispersion : As we have find out that the absolute measure has failed
to compare the total about of dispersion. It help to measure two or more than two sets of
observation through this dispersion.
2. Absolute measure of dispersion: under this there will be the same units as it in the
original observation. If it is in kg then the observation is also in kg. It is mainly used in
mean ,range, standard deviation and quartile deviation.
Measures of central tendency does not gives the perfect data keeping in mind the end
goal to make the research methodology satisfactory (Schaltegger and Burritt,2010). That is the
reason, why the measure of dispersion are utilized to draw a substantial and productive
conclusion. Measures of dispersion contains standard deviation, quartiles, percentiles, skewness,
range etc. as, this is the actual tool which are most effective for making a productive conclusion.

Under the given case, standard deviation is the instrument through which the risk can be
determined. Here, the standard deviation is 1851.
Coefficient of correlation is one of the technique of measure of dispersion which
demonstrates the connection between aggregate number of students and the aggregate number of
fulfilled students. Here, under the given circumstance, the coefficient of correlation is 1 which
shows the ideal connection between aggregate number of students and the aggregate number of
fulfilled students.
Mean 3.0833333333
Median 3
Mode 1
From above use 60 respondent the mean value is use to measure dispersion as with mean value
of 3 and median is also comes to 3 times the total values.
2.4 Quartile, percentiles and the correlation coefficient can be helpful
Quartile : It refers to be the type of quantile. Under this each of the group is divided
according to distribution of a particular variables or segments. Quartiles are utilised to compute
the variance between the specify segments ( Binns and Tushman, 2010). Quartiles are of three
sorts i.e. to begin with quartiles, second quartiles and third quartiles. To start with quartiles
display the 1/25th estimation of the component, second shows 50th qualities and the third
quartiles shows 75th regard and the last quartile show the 100% estimation of the part.
Percentile : It is measure which is used in statistical values below a given percentage of
various observation in a particular group of categories. Each of the 100 groups under which
population is divided as per the values of the variables. As we judged according to the situation
of 20th percentile is value beneath which 20% of the observations may relies.
Coefficient of correlation can be the number which is quantified a correlation between
the two or more values in the observations. Under this the value of r =1 that means perfect
positive correlation and if the value of r=-1 that stats that perfect negative relation . To know the
reaction of the student for their college this is the important methods which can provide correct
idea about the experiences and thought towards their college. So as per my analysis they have to
go for the correlation techniques ( Trevinyo-Rodríguez and Velamuri, 2010) .

TASK 3
3.1 using the different charts and Graphs
Bar chart
January
February
March
April
May
June
July
August
September
October
November
December
0 1 2 3 4 5 6 7 8 9
5
4
3
6
5
4
6
4
6
8
5
4
3
2
2
4
3
2
4
2
4
6
3
2
No. of students
Satisfied students
The Bar graph showing the total number of students that are enrolled in the various year . The
yellow is the total satisfied number of student from the college and want to communicated the
other to take part and the admission in college (Turban, Sharda and Delen, 2011). The red line
shows total number of student during 2016 it is more as compare to the 2011.
Pie chart

3
2
2
4
3
2
4 2
4
6
3
2 1
2
3
4
5
6
7
8
9
10
11
12
13
This pie charts indicate the total number of the enrolment that has been done the different
year. As in 4,5 and 6 there are not much difference because their is continuous admission has
recorded in the survey from the last various year. There is minimum enrollee in the 2011. as
compare to the other colleges (Tzeng and Huang, 2011) . The student perception towards the
college was also commendable because all the report can be made on the basis of the information
provided by the student about their college UKCBBC.
3.2 Trend line charts from the spreadsheets
Line chart : It refer to the line which indicate tendency of something like it student
capacity and the their observation and behaviour (Vercellis, 2011) . It is a kind of geographical
property or set of various points in a single graph. It represent the attitude and behaviour of the
students of the UKCBBC colleges toward the satisfaction as data taken to determine a certain
reaction from these pattern.
Year Number of students Pass rate
2018 2000 1600
2019 2200 1800

2017.8 2018 2018.22018.42018.62018.8 2019 2019.2
0
500
1000
1500
2000
2500
1600
1800
2000
2200
Number of students
Linear (Number of students)
Pass rate
Linear (Pass rate)
The scatter chart explains the total number of the students at upper side of efficient
frontier and the lower segment of the graphs shows the pass rate of students from their college
from 2018 to 2019. The but from this graph the no. of students are higher then the satisfied
students. (Wu and Pagell, 2011). That are going away as the year progresses. As per this trend
line chart, it is watched that the UKCBBC have an grow patterns which reflects the large impact
for the innovative students which are conjecture to take affirmation in the said college.
Eventually, this is extraordinary sign. This is basic used as a bit of share market and other
affiliation like trade energetic. Trend line is utilized as a part of each relationship to handle their
favourable position and loses (Yager and Kacprzyk, 2012).

3.3 Presentation.

3.4 Report to the QAA committee
Survey Report on the Student experience and satisfaction towards their college
To,
QAA committee
19th May 2017
The survey was conducted in the UK College of Business and Computing (UKCBC). It
was found that there was around sufficient number of students in the college. These students
were from class 12th to the final year (Zikmund and et., al. 2013). The educational background
of all the students were different. Some students were from arts background, some from science
and commerce. The research was conducted in various campuses of UKCBC college.. The
objectives of this report is to know about that whether the students are satisfied with their
streams or college.
There are some limitation to this survey that only limited students are responsive
because they have to go for their classes. Other thing is the survey is limited to the certain rule
of the colleges. It was found that 55 % of student was highly satisfied with their stream, 30% of
student was moderately satisfied, 10% of student was not satisfied, 5% of student was highly
dissatisfied (Zsambok and Klein, 2014). There were many suggestions given by the student to
improve the facility in the college related to the canteen and classroom or the locality. Most of
the students suggested to change the governance of the college and the behaviour of the faculty
toward the students. There are various other recommendation have been given to the student
satisfaction toward the teaching quality, attitude and style of the faculty and other staffs. The
are main issues which can be suggested to overcome like environment friendly , advance
facilities for the male and female and various department of colleges. The findings from this
report are draws a valid and strong results as they have positive responses toward there colleges.
Your sincerely

Lead Student Representation
UKCBBC
TASK 4
4.1 Information system used at different level
All the business organisation requires information for various purpose :
1. Planning for the future (Maxwell, Jeffrey and Lévesque, 2011).
2. Controlling the activities
3. For the recording of the daily transactions.
4. To measure the performance of the employees in the organisation regarding their work
performance.
5. The last thing is about the decision making.
Management information system is the useful system to manage the efficiency of
organisation effectively. These are combination of the plans and procedure based on designed
form,organisation structure and persons who are well enough to control the administration by
using resources. The outcome from this will categories into two parts :
 Routine report or detail transaction document that are required to adjust business
practice.
 MIS is the form of summaries of the data which has been processed like labour ,sales or
stock analyses (Milovic and Milovic, 2012).
Advantages from this system :
most of the economy from banking to retailing ,manufacturing to defence are totally rely on the
modern information system which well help them to calculate and maintain the relevant
information about their company.
 Speed : As the computers are dealing in repetitive process of various transaction the
system should be fast to produce the results.
 Accuracy : The data and the information generated from the computer are accurate
enough so that mistakes can be minimised.
 Volume : They can work for 24 hours because they are handled vast number of data at
one time.

 Complexity : The human beings are became more relaxed after the innovation of the
computer because all the works are done by just one click.
Management structure and information required at the different level of department.
The level of the decision making can be required to support the main three levels of the
organisations that are : strategic, tactical and operational
information system must be design in the way that it meet the needs of these three levels:
 Strategic Level : Under this level the information requires from the internal and the
external sources in order to correct and plan the future strategies of the organisation. It is
usually in the summarised form as ad -ho c basis.
 Tactical level : This management level requires orders and instruction from the strategic
level all together. With the routine and regular quantified information from the lower
level of department (Muindi, 2011). it is also in summarised form but detailed enough to
allow tactical planning.
 Operational level : under this level of management requires information and guidelines
from the tactical level. It is mostly concern with the day to day performance of task and
mostly related to t he internal sources.
Decision Support System (DSS)
It provides information to the senior management so that they can take effectual decisions
in their business. It is for the analytical work. It provides assistance to the strategic management
stick and senior most person so that they can formulate their strategy according to the
information.
Officer Automation System (OAS)
It raise the ratio of the employees of the organisation. It provides aid to employees and
reduce the paper work. Example- computer software Microsoft office XP, it provides helps to the
employees to work from home and it reduces the paper work.
TPS: Transaction processing system is said to be a computing that is used to division of
work of various level into individual, indivisible functions that are relies on various transaction.
It is a combination of joint hierarchical database and management system.
ESS: Executive information system is a kind of system that is facilitates and support
higher information and decision-making requirement.

4.2 project plan through activity by determining critical path
ID Active Task Mode Name Duration Start Finish Predecessors Outline Level
1 Yes Manually Scheduled A 2 days 5/19/17 8:00 AM 5/22/17 5:00 PM 1
2 Yes Manually Scheduled B 4 days 5/23/17 8:00 AM 5/26/17 5:00 PM 1 1
3 Yes Manually Scheduled C 6 days 5/29/17 8:00 AM 6/5/17 5:00 PM 2 1
4 Yes Manually Scheduled D 3 days 5/23/17 8:00 AM 5/25/17 5:00 PM 1 1
5 Yes Manually Scheduled E 6 days 5/29/17 8:00 AM 6/5/17 5:00 PM 2 1
6 Yes Manually Scheduled F 1 day 6/6/17 8:00 AM 6/6/17 5:00 PM 5 1
7 Yes Manually Scheduled G 3 days 6/6/17 8:00 AM 6/8/17 5:00 PM 3,4 1
8 Yes Manually Scheduled H 2 days 6/9/17 8:00 AM 6/12/17 5:00 PM 6,7 1
Critical path: 1-2-3-7-8

; 2+4+6+3+2
= 17 days.
As per the above mentioned critical path of various duration . It has being interrelated
that the fastest and path is the 1-2-3-7-8 =21 days but it takes lost of time to the activities. In the
next path would be 2-4-6-3-2 =17 days. According to this path the time duration taken for the
activities are less then the earlier one (Nielsen, and Nielsen, 2011). So as per the suggestion the
most favourable path would be the second one. The activity are design in such a manner that
only two possible paths can be designed. But the result can be generated through the those option
which is taking less time.
4.3 By using the data of cash flow for the decision making
Financial tools are the various effective planning and strategies which may require while
decision making process it means that decision making is a very broad concept in the
organization which require lots of expertise and skills to take any big decision in an enterprise.
So to take useful decision appropriate tools are used by leaders or researchers while decision
process. In fact in a travel and tourism these tools act as a very important part because of their
advantages and benefits as it requires while decision process (Smith, 2010).
CASH FLOW ANALYSIS
year cash flows
PV
factor@10% Net cash flow
0 -15000 1 -15000
1 8000 0.909 7272
2 10000 0.826 8260
3 5000 0.751 3755
4 5000 0.683 3415
Total NPV 7702
-15000 cost of the machine
8000 1
10000 2
5000 3

5000 4
35.00%
Internal rate of
return
As per the above estimation report, association contribute 15000, and in the succeeding
years project can make the Net Present Value is 7702 (Cash Flow,2017). it reveals that by
contributing 15000, association can make the net additional inflow of 7702 subsequently, the
affiliation's wander should be recognized as it addresses the positive sign in the project.
In the given case, The internal rate of return of the association is 35% (Sosna, 2010). In
this way, it has been revealed that the net income of the association is zero, when the
organisation loan cost is 35%. In the event that, that the association's advance cost is 35% then,
the net present estimation of cash inflow is comparable to the present estimation of cash outflow.
Now of condition, the net present estimation of the firm is zero.
CONCLUSION
As per the above report, it has been found that the UKCBBC college is required to take
an efficient decisions. Here, in this scenario, it is found that, before going to take decisions in the
institution, there is required to gather the information seriously. Under this project various
calculation is done like mean ,median ,mode and the critical path is also being analysed to know
the time required for the activities. In the last part of the report contain the cash flow statement
and the internal rate of return that the organisation getting for the company .

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Online
Cash Flow2017. [Online]. Available through; <https://www.thebalance.com/cash-flow-how-it-
works-to-keep-your-business-afloat-398180>. Accessed on 19th May 2017.