Depth-First Search, Heuristics, and Game Theory Explained
Depth-First Search (DFS)
Depth-First Search (DFS) is an algorithm used to traverse or recursively explore all nodes of a graph or tree in a systematic, but not uniform, manner. It expands each node it encounters recursively along a specific path. When there are no more nodes to visit along that path, it backtracks to explore the siblings of the node and continues the process.
Heuristics
Definition
Heuristics are techniques that increase the efficiency of a search. It involves analyzing and extrapolating
Read MoreInternationalization: Key Aspects for Global Success
There are some important aspects to consider when a product or a brand is internationalized. If companies do not take them into account, the chances of failing are higher. There are many different considerations due to all the factors that affect the product, such as culture, language, policies, regulations, and economic considerations (Cote, 2020).
Cultural Considerations
Each country has its own culture, including traditions, social norms, food, and holidays. Understanding the culture of the country
Read MoreEffective Negotiation Strategies and Ethical Supply Chain Management
What is Negotiation?
Negotiation is the process of formal communication, whether face-to-face or via electronic methods, where two or more parties come together to find mutual agreement on an issue or issues.
Five-Phase Negotiation Process
- Identify or anticipate a purchase requirement.
- Determine if negotiation is required.
- Plan for the negotiation.
- Conduct the negotiation (execute and manage).
- Finalize the agreement.
Sources of Negotiation Power
- Informational power: Persuasion and convincing through facts,
Understanding Organizational Behavior: Key Concepts
Part 1: Introduction to Organizational Behavior
Chapter 1: An Overview of Organizational Behavior
Ricky W. Griffin/Jean M. Phillips/Stanley M. Gully, Organizational Behavior: Managing People and Organizations, Twelfth Edition. © 2017 Cengage. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
Chapter Learning Objectives
After studying this chapter, you should be able to:
- Define organizational behavior and describe how it impacts
International Payments and Banking Services
General Requirements for Receipts and Payments Abroad
40 and 41. When are general requirements for receipts and payments abroad required? Indicate these requirements.
General requirements are needed where it is suspected that money laundering takes place in criminal activities (drug trafficking, arms laundering, terrorism, etc.).
The general requirements for receipts and payments abroad are:
- Intervention by a registered entity to channel cash receipts, payments, and transfers abroad.
- Need for a declaration
Business Economics: Behavior, Ethics, and Strategy
Economist’s View of Behavior
Business economics should provide a framework for analyzing problems. Darwinism: the fittest survive. People have unlimited wants; how to allocate resources, trade-offs (compensación). Limited resources, costly and imperfect information. Marginal analysis and cost-benefit analysis. Sunk Cost. Nature of opportunity costs: Explicit costs, implicit costs.
Decision Making Under Uncertainty
Lottery (uncertain outcome) probability. Key descriptive statistics: expected value
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