The Value of Information Assignment Example | Topics and Well Written Essays - 500 words

The Value of Information - Assignment Example Managers are mostly faced by a were situation where they have to make decisions instantly; hence, it is mostly the case that decision making under uncertainty is mostly the case for decision makers. Imperfect information can largely be ignored in repetitive trials with small effects resulting from errors because the impacts are small, and the result from errors showing that the information could be the waist not for the errors. The other reason for ignoring imperfect information is the inability of the information to have much impact on the probabilities or chances for making the correct decision; hence, they can largely be ignored. The need for first-time success increases the demand for information as a measure of ensuring uncertainty is reduced in making the decision increasing the chances of making the correct decision. Availability of information for decision-making increases the possibility of first-time success by ensuring the decision maker knows the odds between making the correct and wrong decision. To augment the chances of first-time success, the demand for information increases to ensure the ability to make correct decision increases. The demand for information incr eases in first-time success owing to lack of previous data and the high uncertainty associated with first-time success owing to no proven record of accomplishment for decision making. In one-shot large potential loss situations, the information that is commonly available is the payoffs that the decision maker expects to get from a given decision from the highest to the lowest pay off accompanying any.

Commandos by Pyros Studios. Website Planning Report Essay

Commandos by Pyros Studios. Website Planning Report - Essay Example This gaming website generally follows the same pattern as that of other gaming website of its kind, such as Call of Duty and World of Warcraft. However, the website will be distinguishable from its competitors through its logo, color palette, story line and characters that would be used as elements to improve brand positioning of the website and also the game. The primary target market for this website is the age group falling between 16 and 25 and comprises of mostly the male population. Commandos is strategy game based on the background of the World War II that mostly appeals to the young males. Demographic The Demographics that we would be discussing for this website is based on the primary target market, even though there are a large number of gamers that would be accessing the website who do not fall within the following mentioned demographics. Age The age group of gamers for this website is mostly teenagers and also gamers in the early twenties. People belonging to this age group generally are inspired by the use of flash in the website and observe the aesthetics of the website closely. Income Level and Employment Status The target market for this website is mostly unemployed teens that may be working odd jobs at minimum wages. The target market has the time to play games since they are not employed full-time and have spare time at hand. Thus, these gamers are affected by the price of the game and may not wish to invest heavily in the game. Sex Since Commandos is a strategy based war game, it appeals to the male target market that fulfills their ambition of fighting in the war through such games. Also the game has been aesthetically designed to appeal to the male population through the suitable use of