Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
advantages of transfer pricinga transfer pricing is similar to cost apportionment and allocation in that values of one department are passed to
transfer pricingtransfer pricing can contribute directly to the process of departmental performance measurement and indirectly to the measurement of
transfer pricing and performance evaluationtransfer pricing is simple in concept and yet complex in implementation it provides a divisional output
financial perspectivehow do we produce value for our shareholders this perspective covers traditional measures eg growth liability shareholder value
balanced score cardthis is a popular approach in current management thinking which consists of a variety of indicators both financial and
bench markingin the current business environment organizations are under a lot of pressure to improve performance and that of their divisions or
advantages of value added statements1 managers might be in a better position to control their organizations own inputs than the cost and usage
value added statementsare intended to show how much wealth or value has been created by the companyrsquos operations and how the wealth has been
return on investment and residual incomethis is a traditional approach to performance measurement given byroi
alternative performance measuresthere are various measures that can be used to measure performance of a decentralized company the major ones
steps of choosing an accounting based performance measureconsider the overall goal of the organization as a whole it is important to choose a measure
responsibility accountingthis is a term used to define the measuring of performance of decentralized units using account results responsibility
introduction to performance evaluationperformance evaluation deals with the area of ma that is concerned with1 holding individual managers
cyclic chainsin markov chains the current state of the system depends on all previous states it is a stochastic process sometimes transition
applications of markov chainsthey are a particular class of probabilistic models and their applications include analysis ofinventory
markov analysisit is a way of analyzing the current movement of some system in an effort to predict the future movement of the same systemthere are
markov chainsmarkov chains are named after the russian statistician aa markov who developed probabilistic models that are often applicable to
advantages and limitations of game theoryadvantagegame theory helps us to learn how to approach and understand a conflict situation and to improve
theory of metagamesthis theory appears to describe how most people play non-zero sum games involving any number of personsprisoners dilemma is an
non-zero sum gameswithin very vast situations of possible non-zero games varying degrees of co-operation exist between the participants games theory
dominancedominance strategy is useful for reducing the size of the payoff tablerules of dominance1 if all the elements in a column are greater than
saddle pointthe saddle point in a payoff matrix is one which is the smallest value in its row and the largest value in its column it is also termed
rules of game theory1 the number of competitors is finite2 there is a conflict of interests between the participants3 each of these participants has
types of gamesfour basic ways in which competitive situations or games can be classified area number of competitorsin game theory a competitor is
game theorygame theory was developed for the purpose of analyzing competitive situation involving conflicting interests in game theory there are