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Dynamic Programming: Path Analysis - Essay Example

Each of these benchmarks have sub coordinate programs that fall under them. From the current position of the company, the company want to get to a destination of 60% growth in five (5) years. The report therefore presents a technique under the basis of dynamic programming to bring out the path to trend to come to a successful destination under the different variables and programs. Musama (2003) explains that path analysis program always leads to a conclusive shortcut and financial prudence in selecting a line of strategy to tow. In the conclusion, it was established that the most useful path to two is system networking – to – on campus hiring – to – branch expansion – to – company merger – to – social networking. Introduction The global economic climate that is being experienced currently makes it imperative on corporate organisations, especially finance companies to put in place strategies that will ensure the eventual growth of their companies. Without any doubt, once finance companies grow, the entire economy of immediate local businesses and populace are sure to grow as well. This is because finance companies have most often than not become the source of funding for other companies and businesses whose individual successes bring about economic growth. This not withstanding, such strategic plans for growth cannot be undertaken in isolation. It has always been important to have techniques that monitor and evaluate the successful implementation of the strategies. In this report, the dynamic

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programming idea has been used to come up with a simple technique for monitoring the achievement of the strategic plan of this finance company over a period of five (5) years. The basis of the technique has been structured around the need for time and financial prudence. Major Points The allocated technique for selecting the best path analysis for the intended strategic plans to bring about 60% growth changes in the company over the next five years is the dynamic programming technique. This technique has been identified as very useful in situations that include objective functions to be achieved and where the objectives can be sub divided into stages and states (Brobbey, 2007). Considering that there are five major objective points with one input and output end; making a total of six (6) stages, the dynamic programming cannot be described in any other words than ‘best’ for the current situation. It will be noted that even though each of the five objectives must be achieved, there are four (4) specific goals under each objective. This means that to move from the input to the final output, there would be over two hundred thematic points to cross. Without any doubt, trying to achieve each of the thematic points would demand a lot of resource (money) and time. Meanwhile, the company does not have that much to give out. Through the dynamic programming therefore, a simple routine is going to be identified for use. This means that thematic points that do not fall within the path will be ignored for that particular objective. For clarity, the targeted objectives and specific goals are given in a table form. Under each objective, only one specific goal will be selected. The function of the dynamic programming would therefore be to point to which of the specific goals to select depending on calculations and


DYNAMIC PROGRAMMING Executive summary Once companies are faced with a number of strategic plans that aim at developing their organisations, it always becomes important to have monitoring and evaluation techniques to arrive at making the right selection with regards or reference to the best and most feasible line of strategy to tow…
Author : shayleeorn
Dynamic Programming: Path Analysis
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