Question 

1
Complete
Mark 27.00 out of 45.00

Flag question
Question text
The results of a Monte Carlo simulation of investment was provided to you as a
consultant, Base on the information provide determine the following:

1)  Which is the best alternative for investment that you would recommend, what are the
possibilities and what is the rationale?
2)      Which is the second-best alternative for the investment that you would recommend, what
are the possibilities and what is the rationale?
3)  Which would be the worst alternative for investment, the possibility and why this alternative?
4)   What would be the new Net cash flow & possibility if $90,000 is injected into the 5
alternatives? Would the order of invest be the same; Please justify why
5)      Which would be the best alternative that you would recommend after injecting the 90,000,
what are the possibilities and what is the rational

Feedback
1)      Which is the best alternative for the investment that you would recommend, what are the
possibilities and what is the rationale?
Enrollment Quick List

Cash
Alternative Cash Outflow Net Cashflow Possibility Return(ROI)
Inflow
8 & 10 75000 45000 30000 13% 67%
4 30000 10000 20000 7% 200%
2&6 40000 30000 10000 13% 33%

 
2)      Which is the second best alternative for the investment that you would recommend, what are the
possibilities and what is the rationale?

Net
Alternative Cash Inflow Cash Outflow Possibility Return(ROI)
Cashflow
8 & 10 75000 45000 30000 20% 67%
3)      Which would be the worst alternative for investment, the possibility and why this alternative?

Cash Cash Net

Alternative ROI
Inflow Outflow Cashflow
1 10000 60000 -50000 -83%

4)      What would be the new Net cash flow & the possibility if $90,000 is injected into the 5 alternative?
would the order of alternatives remain the same; Please justify why? The order of the alternative would
remain the same since 4 is the best and 1 is the worst option for the investment alternative.
 

Net
Alternative Cash Inflow Cash Outflow Possibility Return(ROI)
Cashflow
5 40000 90000 -50000 7% -56%

 
5)      Which would be the best alternative that you would recommend after injecting the 90,000, what are
the possibilities and what is the rationale? Investment 4 is still the best option and is highly
recommendable.
 
 

Comments
Comment:

Question 2
Complete
Mark 5.00 out of 5.00

Flag question
Question text
What are Schemas referring to?
Answer text
Feedback
These are the mental constructs that allow interpretation to be made of an individual’s environment and
support the selection and implementation of differing cognitive heuristics.
Comments
Comment:

Question 3
Complete
Mark 5.00 out of 5.00

Flag question
Question text
What is paradigm referring to:

Answer text
Feedback
This describes how reality is constructed by subjective perception and therefore predictions cannot be
made using for example, statistical data.

Comments
Comment:

Question 4
Complete
Mark 5.00 out of 5.00
 Flag question
Question text
What is Problem space referring to? 

Answer text
Feedback
This describes the individual’s environment (incl. schemas), task and situation which give value and
meaning to the decision selection.
Comments
Comment:

Question 5
Complete
Mark 4.00 out of 15.00

Flag question
Question text
Elaborate on the origin of schemas deployed for the problem space that comes from
individual Experiences.
Answer text
Feedback
In its most accessible format, SSM is a seven stage-structured process for identifying the scope for
organisational change and to improve the likelihood that the organisation will achieve more of its intended
objective. There is a recognition that the achievement of ‘a preferred outcome’ is subject to the individuals
in that organisational system, their perceptions and values and how those individuals learn and better
understand their complex inter-relationships. SSM is therefore concerned with recognizing reflexivity (as
stated), recognizing that the aim of the analysis is to understand the problem domain and recognizing
that, typically, managers are interested in understanding what the identified system should be doing and
what needs to be addressed to achieve this. Through this analysis, an agenda for discussion of change is
generated, from which can emerge operational and strategic actions for the organisation.
In Mode 1 of this approach, the analyst is assumed to know very little of the organisation and its problem
context. Mode 1 is therefore focused upon an external intervention in the organisation to provide a
structured debate about possible changes, focusing upon apparent differences between intended
organisational outcome and emergent outcome. The seven steps in Mode 1 are. The transition between
stage 2 →3 represents a mindset change from considering the reality of organisational practice, to the
idealized context of organisational practice. Equally, the transition from stage 4→ 5 represents a mindset
change from considering the idealized context of organisational practice to the reality of organisational
practice.

Comments
Comment:

Question 6
Complete
Mark 5.00 out of 5.00

Flag question
Question text
What is recoverability referring to: This describes the need to be able to, as much as possible,
replicate a given interpretive analysis by describing key activities undertaken.
Answer text
Feedback
This describes the need to be able to, as much as possible, replicate a given interpretive analysis by
describing key activities undertaken.
Comments
Comment:

Question 7
Complete
Mark 12.00 out of 15.00

Flag question
Question text
1. What is Monte Carlo Model referring to and how is it applied in the working environment?

Answer text
Feedback
The Monte Carlo simulation is an approach to decision making that does not rely upon measurable input
data. Subjective estimates of likelihoods of given events occurring (such as those presented in chapter 3)
nor on assumed patterns in success or failures in the environment of the organisation (such as those
presented in the Poisson distribution and queuing theory of chapter 4). Instead, the method uses
randomness to assign weightings to potential outcomes and in so doing, allows the manager to make
recommended decisions without recourse to the context of those decisions.
 

Comments
Comment:

Question 8
Complete
Mark 5.00 out of 5.00

Flag question
Question text
Continuous variable Referring to:
Feedback
This is referring to data points measured between interval points.
Comments
Comment: