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There’s no such thing as automated decision-making

By Business Research & Applications Limited Posted on 29/05/2014 Posted in Decision-making, Operational research Tagged with finance, models

By: <a href='http://www.flickr.com/photos/toprankblog/2343936230/' target='_blank'>TopRank Online Marketing</a>

Time and again we have to hear that ‘a computer code, a software, will never make a decision on their behalf’. This assertion hides a cruel mistake which entails a big misunderstanding about Decision Support Systems (DSS): Those computer systems …

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Break-even point

By Business Research & Applications Limited Posted on 28/05/2014 Posted in Calculator, Finances Tagged with finance, tools

The basics of pricing should lead you to set up a price which in line with your costs would allow you to make a profit. Unit fixed costs decrease with your sales, while unit variable costs are constant with sales; …

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Simple pricing strategy using the break-even

By Business Research & Applications Limited Posted on 25/05/2014 Posted in Finances Tagged with finance, pricing, strategy

Some weeks ago someone asked me about the suitability of opening a stall in the market. Go ahead!, I said to encourage him (I am always keen to entrepreneurship). However, I inquired if he had spent some time looking at …

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Tag: finance

There’s no such thing as automated decision-making

Break-even point

Simple pricing strategy using the break-even