August 13, 2021

Input-output analysis

(a) Define the following terms as used in input-output analysis: (i) Transactions table. (3 marks) (ii) Primary inputs (3 marks) (iii) Technical coefficients. (3 marks) (b) […]
August 12, 2021

Project duration

Lilian is the project manager of J Construction Company. The Company is bidding on a contract to install telephone lines in a small town. It has […]
August 12, 2021

Attributes of the Beta distribution

State, and explain four attributes of the Beta distribution which made it to be chosen as the distribution of activity times in project evaluation and review […]
August 12, 2021

Auditing standard on subsequent events

The auditing standard on subsequent events provide the basic principles and procedures as to the auditor’s responsibilities and deal with: i. Dating the auditor’s report ii. […]
August 12, 2021

Using the maximin and minimax values in determining game values

Consider the two person zero sum game between players A and B given by the following pay-off table; Player B Strategies 1 2 3 4 Player […]
August 12, 2021

Terms used in game theory

Define the following terms used in game theory: (i) Dominance (3 marks) (ii) Saddle point (3 marks) (iii) Mixed strategy (3 marks) (iv) Value of the […]
August 12, 2021

The necessity for reliance on specialist

Specialists or experts are occasionally required by external auditors mainly in connection with the valuation assets and the determination of liabilities. Required: a) The necessity for […]
August 12, 2021

Maximum total rating

The Tamu – Tamu Products Company Ltd. is considering an expansion into five new sales districts. The company has been able to hire four new experienced […]
August 12, 2021

Terms as used in linear programming

Define the following terms as used in linear programming: (i) Feasible solution (4 marks) (ii) Transportation problem. (4 marks) (iii) Assignment problem. (4 marks)
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