EXAM PAPER Assignment Example | Topics and Well Written Essays - 750 words

EXAM PAPER - Assignment ExampleThe steps that I would take are as follows. The first step is to collect the conk cost and the subvertation information or sooner the data. institutionalise costs are the costs used in this regularity. They are the costs which are normally link up to the whole process of visiting the National Botanic Gardens directly. The costs of fuel, accommodation, food, and all other expenses that will be required in the whole process are used. It is very important to ensure that all the travel costs to the National Botanic Gardens are represented in the calculation. The next thing is the travel cartridge holder. A lot of weight should be given on this area. The appropriate apprize to assign to the travel time should be considered very carefully. It should be the wage calculate when the great unwashed do not slang the pickax to work during the weekends. The children should also be included in the travel time. Visit time is that time exhausted while at the National Botanic Gardens. The best method to use is the individual method where the visit rate is normally calculated per individual in a given time period. The factors that influence this rate are for that specific person. It does not require averaging and a lot of calculations. Some of the challenges that are involved in using this method include the presence of substitute sites. Those who prefer one site over the others have higher values compared to other people. This should be differentiated. Statistical problems might also affect the obtained results. The choice of the variables and the method used should be done very carefully to avoid this. There are also those people who live near the site so as to reduce transport costs and time during this travel. Their value is higher and this should be remark keenly. Most people also view travelling as a hobby and hence a great experience and not a huge cost. This should be noted during the calculations. Estimating the generation func tion is done using this principle Averages across the zones normally limits the figure of observations because you will unless take groups of people and then divide by the population of that zone. Working with individual counting increases the number of observations and hence a much more accurate result. Multiple regression analysis uses the following formula y = ax3 + bx2 + cx + d + ?where a, b, c, d and e are the variables used in the calculations. The environmental precaution decisions that are made under the conditions of risk are normally in situations where people or rather the carriages lack the complete information on the issue at hand. This condition is rather difficult since the manager may comprehend the alternatives and the problem at hand, he or she does not have a endorsement on how each of the solution will work out. When an unfamiliar problem comes up, haste decisions which had not been aforethought(ip) before are normally used to solve the current situation. This decision normally involves the human appraisal more than computer assistance. Since risks are normally bound to happen, putting early warning information crisis, development management crisis plans are the best ways to help avert these problems. This is the condition of risk where virtually no information is available to help know what will happen in the future and be in a position to take the necessary precautions. The managers or rather the involved parties will therefore be risking and will rely heavily on emergency decisions. In a condition of uncertainty, the