Application of matrix in business

9,297 views 12 slides Sep 06, 2019
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About This Presentation

I make this ppt for my presentation in bba 1 year. I give an example and so the proper solution:
Q.Two competing companies offer satellite television service to a city with 100,000
households. Figure 2.1 shows the changes in satellite subscriptions each year.
Company A now has 15,000 subscribers and...


Slide Content

APPLICATION OF MATRIX

In physics related applications, matrices are used in the study of electrical circuits , quantum mechanics and optics . In robotics and automation, matrices are the basic components for the robot movements . Many IT companies also use matrices as data structures to track user information. etc. IN DALIY LIFE

MATRIX IN BUSINESS Matrices are one of the most commonly used tools in business . T hey are used in linear programming to determine the most profitable combination of ingredients in a product. They are also used extensively in the decision making process. B.B.A

USE MATRIX IN BUSINESS

COMPANY A Two competing companies offer satellite television service to a city with 100,000 household COMPANY B Household

This chart show changes in satellite subscriptions every year 15% 10% 15% 5% 20% 15% 80% 70% Company A Company B No Satellite television 80%

Company A now has 15,000 subscribers and Company B has 20,000 subscribers Company A Company B

How many subscribers will each company have in one year?

0.70 0.20 0.10 0.15 0.15 0.70 0.80 0.05 0.15 15,000 20000 25000 The matrix representing the given transition probabilities is and the state matrix representing the current populations in the three states is A B None A B None

0.70 0.20 0.10 0.15 0.15 0.70 0.80 0.05 0.15 15,000 20000 25000 To find the state matrix representing the populations in the three states in one year, Multiply P by X to obtain PX = 23,250 28700 48000 =

Company A Company B 23,250 Subscribers 28,700 Subscribers

Presented by : Akash kumar B.B.A -1 year