August 2004
Intermediate to advanced
656 pages
15h 28m
English
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Summary
Break-even analysis is a method for choosing between two or more alternatives by figuring out which points, if any, would be indifferent between those alternatives. This chapter covered the following major points:
A decision variable represents a set of possible values for some choice in a given decision analysis.
An objective function is an equation that relates the values of the decision variable(s) to the performance of an alternative.
An objective function that relates values of decision variables to income (e.g., income as a function of units sold) is called an income function, whereas a function that relates values to cost is called a cost function.
To solve a break-even problem for two alternatives, set their objective functions equal ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.