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Welcome to International Journal of Research in Social Sciences & HumanitiesE-ISSN : 2249 - 4642 | P-ISSN: 2454 - 4671 IMPACT FACTOR: 8.561 |
Abstract
ENHANCE THE MANAGERIAL PLANNING USING PROBABILITY BASED DECISION TREE
Dr. Sanjay Kumar
Volume: 1 Issue: 1 2011
Abstract:
Managerial Planning is the most basic function of management. The important activity of planning is forecasting of business, market trend, commodity trends and other functions which affect performance. Planning is the function that determines in advance what should be done. It is a road map to lead an organization from where it is now to where it will go. A strategic plan must reflect the thoughts, feelings, ideas and wants of the developers. It should be flexible & practical. So developed of a plan is a scientific research area, which involves many science disciplines such as statistic, information technology, economics & other. Decision tree is helpful to select the best decision among various alternative by manager. If it is based on probabilistic, the managerial planning is enhance, which is discussed in this paper.
References
- George A. Steiner, “Comprehensive Managerial Planning”, John Wiley and Sons, New Yark 1977.
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- R. Nelson, Probability, Stochastic processes and queuing theory: The mathematics of computer performance modeling. New Yark: springer-verla-1995
- Parasuraman, A. Berry L and Zeithaml L. Understanding customer expectations of service. 1991.
- Edger A. Vousi, “ Planning : Making the vision Reality”, A sharing so expertise and experience, ASAE, Washington DC, 1991.
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