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Managerial Monitoring of a Single Data Stream (Classic Reprint)

  • Livre Relié
  • 38 Nombre de pages
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Texte du rabat Excerpt from Managerial Monitoring of a Single Data StreamThe next section of this paper outlines a general framewo... Lire la suite
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Texte du rabat

Excerpt from Managerial Monitoring of a Single Data Stream

The next section of this paper outlines a general framework for describing the monitoring function of management. Monitoring is characterized as a decision of whether or not to intervene in a situation. The decision is made by comparing the subjective probability that the situation is in need of intervention, determined from the monitored data and personal judgement, with a threshold probability determined from the relative costs and benefits of intervening. In subsequent sections, normative cost investigation models, which prescribe the determination of the subjective probability and the threshold probability, are reviewed with an aim toward selecting from them that which is descriptive of managerial monitoring behavior. Unfortunately, not all of the theory is descriptively valid.

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Informations sur le produit

Titre: Managerial Monitoring of a Single Data Stream (Classic Reprint)
Auteur:
Code EAN: 9780483113534
ISBN: 0483113530
Format: Livre Relié
Genre: Mathématique
nombre de pages: 38
Poids: 213g
Taille: H229mm x B152mm x T7mm
Année: 2018

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