## Quantitative approaches to management |

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### Contents

Chapter One Introduction 1 | 1 |

Chapter Two Cost Volume Profit Analysis | 15 |

Chapter Three Probability Concepts 43 | 44 |

Copyright | |

16 other sections not shown

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### Common terms and phrases

algebraic analysis arrivals assignment Assume average inventory batch breakeven calculate carrying costs chairs cofactors Company compute conditional probability conditional profit customers dairy decision determine distribution equal equations event example Figure fixed costs follows formula illustrated improvement index indicates initial solution linear programming machine center manufacturer marginal marginal probability market shares Markov process mathematical method minimize mixed strategy number of units operations research Optimum column optimum number optimum strategies ordering cost original matrix outcomes payoff percent PERT Plant player plays column plays row problem procedure profit per unit quantity random random variable replaced row row and column saddle point safety stock simplex method simplex tableau slack variable solve statistical independence step stock action stone squares Table tion toss total cost total profit truckloads unused square variable costs warehouse weeks wins zero