Please boost your Plan to download papers

Got a tricky question? Receive an answer from students like you!
Try us!

#
Essay example - independent critical evaluation of a planning model

Essay

Miscellaneous

Pages 12 (3012 words)

Firstly, let's analyze the main principles we'll adhere while investigating main characteristics of a company. Here we try to explore the optimisation model, determine the underlying principles supporting its strengths and weaknesses.

Given this information, let us find the company profit…

Get more done in less time

Let us write a custom essay on your topic

“independent critical evaluation of a planning model” with a personal
15% discount.

Order now
## Extract of sample

), i.e. the minus sign outside the brackets of the TC effectively changed the sign of every term within the brackets when the brackets were removed!

So 000 is our profit equation! Notice how it represents a quadratic equation with a negative sign in front of the 'squared' term. Such an indication tells us that we are looking at a MAXIMUM point. Let us plot a graph of our profit equation!

Costs on the other hand, consist of two distinct entities i.e. a Fixed Cost (the cost of maintaining a business irrespective of level of output) and, a Variable Cost (the additional costs associated with changes in output).

Hence by creating changes in the coefficients associated with the linear demand equation, we can create changes in the Revenue equation. So, we can change the value of the Intercept term and/or the Slope term.

Hence, the case study analysis is set up as follows: we will consider changes in the Fixed Cost, then changes in the Variable Cost, followed by changes in the intercept term and then in the slope term of the linear demand equation.

Speaking about changes in the Fixed Cost look at graphs changes. Simply vertically moves the position of the graph of the equation. In the case of the Profit graph, a decrease in the value of the fixed costs moves the profit graph upwards (and vice versa).

Hence, the constant values (-2,000 and 150 in this case) are technically ...

Download paper
Not exactly what
you need?

### Related papers

Critical evaluation
These two research methodologies, quantitative and qualitative, generally polarize along the objective (quantitative) and subjective (qualitative) continuum, yet Park and Ernst's study has aspects of both.…

Critical analysis of the effectiveness of planning, teaching, evaluation and assessment cycle
Here we will be critically analysing the effectiveness of this planning, teaching, evaluation and assessment cycle with reference to the current assessment theory. Also we will discuss the role of a teaching assistant in assessment process. We will learn about various methods for assessing children's work such as verbal questioning, marking, setting homework, observing, peer and self assessment,…

Planning Theory
In fact urban planning is about determining the future plans for the design and organization of urban space and activities. Basically the urban spatial planning is provided by the local government and country planning system in order to use it in an optimum manner (Valler, Wood, & North, 2000).…

Critical Evaluation of Ipad
This is evident as the design of the Ipad software is very elementary and user-friendly. With the touch screen technology, users can use their fingers to access programs and files that they wish to access, just like a child playing with toys.…

Financial Planning Model
The projections made by the financial model are affected by the following 10 key variables: projected annual patient days, basic inflation rate, growth rate of revenue per patient day, growth rate of operating costs, ratio of variable to fixed costs, construction inflation rate, ordinary capital expenditures (for example, for equipment), long-term interest rate, availability of gifts for capital,…

Planning, assessment and evaluation
The course unit may be done on the lines of a teacher-structured unit or on teacher/student collaborative planning. The model units that prepared here are teacher-structured units.…