Decision Making Tools Essay Example | Topics and Well Written Essays - 3000 words

Decision Making Tools - Essay Example This is a formal technique used in organizations where there are many possible causes that are competing to be implemented. In this respect, the Pareto Analysis is used as a problem solver that estimates each course of action’s benefits to the project. After the estimation, the analysis will then find the most effective actions that will bring a total benefit that is closest to the optimal possible benefit (Mullen 1991, p. 56). Where managers are interest in finding the causes of the problems, the Pareto analysis offers a creative way that enables a team to stimulate their thinking and though organization. This decision making tool is inhibited by important problems which initially were small but continue to grow as time passes by. The Pareto analysis is thus more practical when combined with other analytical tools such as the fault tree analysis and failure mode and effects analysis. The Pareto Analysis helps organization in the identification of the top 20% causes of problem s that the management needs to address in order to resolve 80% of the problems facing the organization. After the identification of the top 20% causes, other analytical tools are used in the identification of the root causes of the organization’s problems. Some of the tools that are used for the analysis include the Fish-bone analysis and the Ishikawa diagram which are effective in looking for the root causes of problems. When the Pareto Analysis is applied in risk management, the management are given the opportunity to concentrate on the risks that have adverse effects on the project’s operations (Perrow 1986, p. 69). Advantages of Pareto Analysis One of the advantages of Pareto Analysis is realized in the undertaking of knowing the relevance of each stock keeping unit. A stock keeping unit’s relevance is helpful in determining the resources that are need in managing the stock keeping unit. The resources are mainly considered in the context of money and time th at are allotted to one particular stock keeping unit. The nature of an organization determines the importance of a stock keeping unit by using different data that will be applicable to the organization. If the company is a small retail company, the Pareto Analysis will generally be used focusing on the units sold or the sales in dollars. Pareto Analysis in this instance will be used to identify the bottom selling unites and the top selling units by using the sales data of the organization (Rodrigues 1991, p. 15). Larger manufacturing companies will generally apply the Pareto Analysis with a focus on the cost of goods sold. A manufacturing company will thus apply the Pareto Analysis on cost of goods sold to concentrate its efforts in ensuring that the costs of the most expensive materials are lowered. The production planners of an organization will use the Pareto Analysis to keep a very close control on the spending part for the production of a particular stock taking unit that has a higher beneficial perspective to the organization in the context of the yearly cost of goods sold. The production planners will also seek to lessen the yearly expenditures for that particular part by looking for an

Two Works of Art from Ancient Time and From 1000 B.C.E OR 1000 B.C Assignment

Two Works of Art from Ancient Time and From 1000 B.C.E OR 1000 B.C - Assignment Example This can be seen in the museums as they are able to collects different types of arts like in The Grande Gallerie, Louvre of France and Free Gallery of Art. They are many artists known worldwide for their intellectual artistic way of delivering message like Picasso, Leonardo da Vinci, and Alexander J. Davis who are known for their contribution in Art. Introduction Agostino Centobelli is a known sculpture in the past decade and in this context we are going to see the differences from his sculpture and Venus De Milo sculpture from Louvre gallery. They are both renowned artists in ancient craft (Tanner, 2006). Agostino was known from the cameo collection which was mainly used for jewelry which were common in Asia and Japan. It was known in the 15000bc which were used to tell manners, customs and traditions (Tanner, 2006). The sculpture of Venus De Milo which portrayed beauty and also goddess of love in the ancient period Comparison between Agostino’s and Venus de Milo’s Scu lpture The two art pieces were sculpted in ancient times from 1000b.c to 2000 B.C each using the natural color instead of using different colors. They both try to convey message to a given audience representing the culture, beliefs and traditions delivering to a bigger audience. There arts were both unique attracting people’s attention to date cutting across the world. The artists were mainly inspired by their environment and also we can see that the art are sculpted from stone. Each art has a unique message Agostino’s portraying the religion of Indians using jewelry while De Milo conveying the woman’s beauty. They both are from two different artists and were sculpted with different views in mind (Frank, 2011). Agostino’s art is more of complex comprising of different images unlike De Vinci’s which a single portrait of a lady is with cut hand. Part Two 1. The two arts use the form of sculpture as they are they are curved to bring out the different shapes. 2. They can both be seen created in the three dimensional structure as can be seen from the length, width and height used in the sculpture. We are able to see to the portrait in all dimension, front view, side view and back view. 3. Agostino’s art was with the use of stone (that is soap stone) or shells while De Milo sculpture used marble in creating. 4. From both of the art pieces we are able to see the curves used in order to bring out the figure as of De Milo and the one in cameo. They are smoothly shaped to bring out the quality of the portrait. 5. The colors used in the pieces of arts were natural colors of the materials as they only concentrated on curving and also to make it simple. In the era color was not the main reason of art but they tried to put across message to the different types of audience. 6. The curves are smooth and flowing with use of natural color. The three dimensional structure clearly tells the use of line to bring out the shape and concentra ted on making them perfect that’s why we can see its value till date. The simplicity also made the curvy areas or the portrait develop in the different decade of time (Frank, 2011) 7. They both have a subject matter as they try to give some information. This can be seen from the materials used, the portraits or rather the arts developed. 8. The subject of Agostino’s sculpture is jewelry while that of De Milo is lady’