Qantitive Analisis for Managers Research Paper Example | Topics and Well Written Essays - 1500 words

Qantitive Analisis for Managers - Research Paper Example1(B)- We are told that it would be suited to make at least 1.5% of the cost of the construction of the venue linchpin in profit from the ticketsLets charge due to above condition = p make sense Construction CostActivityPredecessorWeekCost signCost WeeklyTotal CostA. Design and drawing of plans - 16.0050050B. Approval of design by the local Council A 13.00000C. Removal of debris etc.from site - 19.00212230D. Offite construction of foundations - 131410144E. Delivery of materials and equipment to site C 4.0027651F. Building the foundations and basic structure C,D 21.00014294G. Completion of the building work B,E,F 11.00012132H. Installation of wiring, plumbing and other essential works F 15.0008120I. Painting and installation of furniture, seating, etc. G,H,J 11.000666J. Publication and boon of plans by IOC A8.00202Total10891.5 % of Total construction cost = 1.5 X 1089 /100 = 16.335So, 16.335 = p x 500 - (3571.12 + (500 x 1.86 ))Ticket Charge (p) = 9.032(A)- Break even point according to Regression MethodBreak even Point = Fixed cost /( Unit hurt - Variable Unit Price) = 3784.53 /( 9 - 1.71) = 519.14Percentage to Capacity = (Break even point / Capacity) x 100 = (519.14 /12000) x 100 = 4.32 %2 (B)- We are told that it would be desirable to make at least 1.5% of the cost of the construction of the venue back in profit from the ticketsLets charge due to above condition = pTotal Construction CostActivityPredecessorWeekCost InitialCost WeeklyTotal CostA. Design and drawing of plans - 16.0050050B. Approval of design by the local Council A 13.00000C. Removal of debris etc.from...highest and lowest level of activity to take aim the cost function. But its reliability is not very high due to considering of less sample data. However it is more consistent than visual fit and easy to use.The regression analysis is a statistical technique that uses all observations to determine the cost function. It provides a best fit estimation model. Reliability of model female genital organ be used to consider the usefulness of model. It can incorporate multiple independent variables.So, Regression analysis is more accurate because in this method the excursus in data points and cost line is minimized as much as possible. Also this method makes use of all data and has statistical properties that digest us to make predictions and draw inferences (Langfield, Thorne and Hilton). However it is more complex to use and requires more expertise to be used.