Identify two examples of existing and emerging technologies and how they can be used
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Practice Problems

Identify two examples of existing and emerging technologies and how they can be used

1 Identify two examples of existing and emerging technologies and how they can be used in knowledge and information management.

2 Explain each of the following quantitative statistical analysis methods commonly used in decision making:

a) Correlation calculations

b) Long-term trend analyses

c) Probability assessment

d) Regulation analyses

e) Short to medium-term trend analyses

f) Dynamic programming

g) Linear programming

h) Queuing theory

i) Simulation

j) Transportation methodology      

3 Outline two key features of management information systems and decision support systems:

4 Explain how you can utilise risk management plans to determine acceptable courses of action.

Hint
Management Probability assessment is the evaluation of the likelihood of an event to occur and the effects it will have. These events do not necessarily have any mathematical structure but have logical relations such as equivalence and incompatibility.  It is an important tool in making decisions in businesses....

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