Certain financial problems such as simplified bread-even analysis models for predicting profits can be computerized.P = (Sp – Vc) U – F cWhere:P = ProfitsSp...

Certain financial problems such as simplified bread-even analysis models for predicting
profits can be computerized.
P = (Sp – Vc) U – F c
Where:
P = Profits
Sp = Selling price per unit
Vc = Variable cost per unit
U = Number of units of sales
Fc = Fixed cost
Required:
Using the above model, describe any three decisions that management can make form the
break-even analysis model.
Why do organizations automate reasoning or decision-making tasks which human beings are
naturally better able to perform than computers?

Decisions that management may make from the break even analysis model:
? Decision on the selling price of the products in order to obtain certain profit.
? Marketing decision in order to make the required sales.
? Determining the variable costs of the products in order to make required profits.
This could be by buying cheaper raw materials.
? Decide the number of unit to be produced.
(ii) An expert system is a system that acts as an expert consultant to users. Reason for its use
include: -
? For consistency in the decision being made
? Speed- the expert system is faster than a human being expert.
? Permanence – the experts can die or leave but an expert system can be used for a long
time, use will only stop if it is changed.
? Remote areas – expert system can be used in areas where human being fear going eg.
Arid areas, bad climate area etc
? Objectivity – decisions made by expert systems are not guided by passions or feelings as
such decisions are always for the best interest of the organisation.
? Experts are costly to maintain, expert systems on the other hand involve only one off
costs, the acquisition.

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gregorymasila answered the question on November 24, 2017 at 05:37

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