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National
Institute of Business Management
Chennai -
020
EMBA/ MBA
Data
Warehousing & Data Mining (Part -2)
Attend any 4
questions. Each question carries 25 marks
(Each answer
should be of minimum 2 pages / of 300 words)
Q. 1. What
are the main areas of criticism of Stores Division? Explain.
Answer:
Q. 2. Performance Indicators (PI) can be developed
for the various domains Explain.
Answer: A performance indicator or key
performance indicator (KPI) is a type of performance measurement. KPIs evaluate
the success of an organization or of a particular activity in which it engages.
Often success is simply the repeated, periodic achievement of some levels of
operational goal (e.g. zero defects, 10/10 customer satisfaction, etc.), and
sometimes success is defined in terms of making progress toward strategic
goals. Accordingly, choosing the right KPIs relies upon a good understanding of
what is important to the organization. 'What is important' often depends on the
department measuring the performance - e.g. the KPIs useful to finance will
really differ from the KPIs assigned to sales. Since there is a need to
understand
Q. 3. The ISO 9000 set of guidelines is for
customers/buyers and suppliers to select an appropriate quality assurance model as
relevant to a particular contractual
relationship. ISO 9004 provides the set of guidelines to develop and
implement the quality management system. Explain.
Answer: ISO 9000 - a set of standard
series, first published in 1987 by the International Organisation for
standardisation (ISO) has become a necessity for today's every organisation,
except for smallest or only local commercial enterprises, since globalisation
and liberalisation has become a reality in the world and India too has accepted
this. Today we see in market place not only products but also services offered
by ISO certified organisations which includes goods on one hand and banks,
hospitals, schools etc on the other. We also see products and services from
multinational companies having their headquarters in other countries. Hither to
imported goods and services are now available in the Indian market and hence
the
Q. 4. Explain the important factors of a Stores
Division as one of the most important
divisions serving the needs of all the departments and influencing the
efficiency and productivity of any industry.
Answer:
Q. 5. Explain
simple data mining applications with examples.
Answer:Data mining is a term from
computer science. Sometimes it is also called knowledge discovery in databases
(KDD). Data mining is about finding new information in a lot of data. The
information obtained from data mining is hopefully both new and useful.
In
many cases, data is stored so it can be used later. The data is saved with a goal.
For example, a store wants to save what has been bought. They want to do this
to know how much they should buy themselves, to have enough to sell later.
Saving this information, makes a lot of data. The data is usually saved in a
database. The reason why data is saved is
Q. 6
Explain the technology of Machine learning as a burgeoning new
technology or mining knowledge from data.
Answer:Machine learning is a subfield
of computer science that evolved from the study of pattern recognition and computational
learning theory in artificial intelligence. Machine learning explores the
construction and study of algorithms that can learn from and make predictions
on data. Such algorithms operate by building a model from example inputs in
order to make data-driven predictions or decisions, rather than following
strictly static program instructions.
Dear
students get fully solved assignments
Send
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help.mbaassignments@gmail.com
or
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