Using a spreadsheet to solve a multinational marketing problem
Article Abstract:
The mathematical model known as linear programming can be used to find a solution that provides the most efficient agency for obtaining a targeted objective in situations involving a number of constraints. In creating the linear programming model, there are three components that need to be present: the decision variables, the decision objective and the decision constraints. An example on how to use linear programming in the context of a production and sales mix problem is presented. This example demonstrates how to accommodate the different international factors into the model. Using the Excel spreadsheet software, it was able to pinpoint an optimal solution to the problem. In other words, the right production and sales mix was found. The example also describes how to interpret spreadsheet output. Other companies considering to use linear programming may use this example as a benchmark.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1997
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Decision support software for capital budgeting
Article Abstract:
Thomas Saaty's Analytical Hierarchy Process (AHP) provides a framework for creating a decision analysis model for the capital budgeting process. AHP serves as the basis for a decision support system that supplements traditional models of capital budgeting by improving the efficacy of capital budget investment decisions. AHP improves the capital budget investment decision process by allowing for the consideration of a wide-range of decision criteria. by allowing managerial judgements to be incorporated in a formal manner in the decision making process, and by allowing managers to concentrate on those areas of the decision making process that need refinement.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1991
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Reporting practices in four countries
Article Abstract:
Corporate and financial markets exist worldwide, but national accounting practices vary greatly. A comparison of income statements in West Germany, Great Britain, and the US highlights these differences. Areas of divergence occur primarily in the treatment of extraordinary items, discounted operations, changes in accounting policies and principles, and estimates and errors. Many of the treatments are similar to the US accounting concepts of current operating or all-inclusive income statement models. Accounting policymakers will have to examine these differences and similarities to arrive at an overall approach that will facilitate international trade.
Publication Name: Management Accounting (USA)
Subject: Business, general
ISSN: 0025-1690
Year: 1987
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