Two participants, husband and wife wish to go to an event together but may disagree whether to go to a football fame or a variety show. Each participant gets a utility of 10 if he/she goes to his/her preferred event, a utility of 5 if they agree to go to […]

You have been invited by a group of CPA I and CPS I students to discuss the matters listed below: Required: In each of the cases provide explanatory notes and computations for use in your discussions with students. (a) (i) A manager who is on full-time employment where he draws […]

In the context of two person game theory, explain the following: (i) Zero-sum and non zero-sum games. (ii) Saddle point. (iii) The pure and the mixed strategy. (i) The concept of dominance. (ii) The value of game.

J.A Computers is a small manufacturer of personal computers. It concentrates production on three models – a Desktop 386, a Desktop 286, and a Laptop 486, each containing one CPU Chip. Due to its limited assembly facilities J.A computers are unable to produce more than 500 desktop models or more […]

Mrs. Mary Meno is a professional dentist who practices in Accra. She has provided you with the details on her clinic for the year ended 31 December 2005: Sh. Gross Professional fees received Subscriptions to professional association and publications Subscriptions to a wildlife magazine Donations to a children’s home Debt […]

Explain the value of sensitivity analysis is linear programming problems and show how dual values are useful in identifying the price worth paying to relax constraints.

The normal and crash duration together with their associated costs for the various activities involved in a repair work is given below. The indirect cost for supervision of the work is also indicated. Time (days) Cost(Sh) Activity Normal Crash Normal Crash 1-2 1-3 2-4 3-4 4-6 5-6 3-5 5-7 6-7 […]

Leo, Kesho and Kutwa trade in electrical goods and as partners in Leo Unincorporated. They share profits and losses equally. The following details in the draft accounts regarding their profit and loss status as at 31 December 2005 have been provided: Debits Sh. Credits Sh. Office expenses General expenses Salaries […]

You have been appointed project manager for a large project which is in the very early planning stage. Give you reasons for using net-work analysis techniques for: (i) Planning the project, giving particular emphasis to the point played by total float. (3 marks) (ii) Controlling the project during its development […]