Analytical techniques Essay Example | Topics and Well Written Essays - 1750 words

Analytical techniques - Essay Example Experts have concentrated towards the identification of certain measures that can help in the mitigation of the errors in different fields. Some analytical techniques and procedures have been discovered as remedies to the occurrence, execution and interpretation of errors and these techniques and procedures are commonly used to minimize the probability of errors. (Grabowski and Roberts, 1996, p16) The analytical techniques and procedures employed for dealing with the errors used to be different for each case however, there are some common and widely accepted procedures like Six Sigma etc that are applicable to almost every field and can help the related individual and organizations in effectively dealing with different types, stages and levels of errors. The paper aims to discuss some major and widely accepted error mitigation analytical techniques that have proved their significance in dealing with the errors both at execution and interpretation stages. The essay presents the examples of errors that commonly occurred in different fields and also discuss the analytical techniques that are commonly used in these fields to deal with these errors. (Goodstein et al, 1988, p98) As discussed above that with no exceptions, error occurred in every field. The intensity and effects of these errors may vary from one field to another and ultimately the procedures and techniques used to deal with these errors also vary from one field to another. It implies that the medical errors are different in nature from the business, linguistics or lab errors and thus, these errors are dealt quite differently from the errors occurred in any other field. For instance, in statistical data an error can be occurred in form of difference found between the computed and theoretically correct values that can be deal by rechecking formulas and calculation methods. In science and

The Success and Challenges of Ryanairs Operations and Marketing Essay

The Success and Challenges of Ryanairs Operations and Marketing Strategies - Essay Example It is evidently clear from the discussion that the technology which is used by Ryan Air is one of the key factor successes because it saves check-in time and also helps to reduce check-in staff costs. Through this process, a company can maximize its profits. Effective resource planning and redesigning its operations are also the success factors. The company maintains low fare as it is generally operated short distance trips. This policy attracts fare-conscious customers who have to travel frequently. The demand is increasing and the travelers are motivated as they are getting the best value for money air services. The company carries out point to point operations on a regular basis which helps to eliminate the requirement of frills services. This point to point operation eliminates extra cost and travelers can get direct routes and non-stop services which cannot be provided by the long route airlines services. Units costs are also reduced as the aircraft are utilized more. As the rou tes are direct so it helps to reduce operating costs and further expenses. It targets to reduce aircraft equipment costs. They have generally used the single type of air crafts but later they upgraded it by using the new model of aircraft for stiff competition in the market and also for environmental rules and regulations. So this competitive mentality is another key factor of success as well as they are thinking about the society at large and agreed with corporate social responsibility. The company has the core competence which is nothing but a set of technology and skills. Through this core competence, the company enables to achieve a particular benefit which they also can provide to its customers.