Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Basic Finance Expert

Control theory originated with the goal of managing small, mechanical operations but it has since been applied in broader contexts. For this assignment, select a service operation (a bank, hospital, auditing company, financial consulting, etc.) and apply control theory to a particular process within the business. describe how the concepts found in control theory can be used to ensure the smooth operation of the process. In a bank, a process to which we could apply control theory could be managing the length of the lines. In financial consulting, control theory could be applied to maintaining the balance between risk and return.

For this assignment, begin by choosing and describing a specific process within a service operation. Describe what the goals would be (maintain risk levels, manage queue lengths, maintain medicine inventory, etc.) and then describe, how control theory can be used to keep the goals on target. Use research to both find details about your selected type of business and also to learn more about control theory concepts. Be specific in your description and give concrete exs of what must be done. To support your arguments, create two graphs: the first should depict the feedback loop in the operation and the second should show the stability of the operation (how the value of the objective will behave over time).

 

Basic Finance, Finance

  • Category:- Basic Finance
  • Reference No.:- M925468

Have any Question? 


Related Questions in Basic Finance

1 to what agencies and other users of financial statements

1. To what agencies and other users of financial statements must banks report? 2. Why must the user be cautious in analyzing bank holding companies? 3. What is usually the biggest expense item for a bank? 4. What does th ...

Make up an example of deduction or deductive reasoningin

Make up an example of deduction or deductive reasoning. In deductive reasoning, if the premises or initial observations are true, does this guarantee that the conclusion is true? Explain why or why not.

Suppose you own 50000 shares of stock valued at 3550 per

Suppose you own 50,000 shares of stock valued at $35.50 per share. You are interested in protecting it with a put that would have a delta of 0.62. Assume, however, that the put is not available or is unfairly priced. Ill ...

1 what are the advantages to a home buyer of a graduated

1. What are the advantages to a home buyer of a graduated payment mortgage? 2. What is the major constraint on lenders in setting new interest rates for an adjustable rate mortgage? 3. Discuss the quality of the major in ...

Adama is a french manufacturer of photovoltaic panels the

Adama is a French manufacturer of photovoltaic panels. The company has a production plant in Rennes, which supplies four warehouses located in Angers, Bourges, Clermont-Ferrand and Montauban. The warehouses directly supp ...

Explain how the repurchase agreement plays a role in the

Explain how the repurchase agreement plays a role in the pricing of futures contracts. What is the implied repo rate? Identify and explain some factors that make the execution of stock index futures arbitrage difficult i ...

1 what fraction of us public companies pays regular cash

1. What fraction of U.S. public companies pays regular cash dividends today? How has this changed over the past fifty years? 2. How does the fraction of NASDAQ-listed companies that regularly pay cash dividends compare w ...

You wish to establish a scholarship fund for students at

You wish to establish a scholarship fund for students at Clever College. The fund wouldpay an annual scholarship that would start at $5,000 awarded one year from now andincrease by 3.5% per year forever. If the fund coul ...

Compute probabilitiesthenbsparea under the normal

Compute probabilities. The area under the normal curve from x = a to x = b with given mean and standard deviation is the probability that x assumes a value between x = a and x = b. If we are using Table IV in Appendix C, ...

1 what are the trade-offs among the three alternative loan

1. What are the trade-offs among the three alternative loan maturities? 2. Based on the information on finance payments that you retrieved from the loan payment Web site, advise the Sampsons on the best loan maturity for ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen