Example of matrices
The size of the matrix is defined by a number of rows and columns that it contains. For example, the matrix Q on top is a 5 × 8 matrix. Matrix which has a single row is called the row vectors, and those which have one single column are called the column vectors.
How to use matrices in real life situations:
In geology, matrices are used in making seismic surveys. They are used for plotting different kinds of graphs, statistics and for scientific studies and also for research in almost any different fields. Matrices also used to representing the real world data’s like the population of people, the decline of infant mortality in the 20th century rate, and more.
Matrices used for a program coding or encryption of a message. Matrices are used to represent the real world data’s like the traits of people’s population and habits and so on. They are the best representation methods of plotting to a common survey of things.
Matrices in business
Matrix management, was “introduced in 1970 of the station to competition between businesses” of the use of managing character with more than a report line (of the matrix organization form), and it is also continually use to narrate management of oppose functional, oppose business group and other structure.
Linear programming optimization used matrices and necessary to businesses if they want to calculate maximum revenue over a set of limits. It’s used for hydroelectric power plants for a restricted diet caloric intake optimization. Matrices are fundamental to calculus which is very important to many industrial businesses.
1) Example BCG Matrix: Coca Cola & Pepsi Cola. The matrix are misrepresenting of some cases. Example: Coca Cola and Pepsi. Coca Cola is market leader, as a result of which the relative market share of Pepsi is always smaller than one.
2) BCG Matrix Example for dell
Dell is the leading name of technological industries that has recently been converted into a private owned firm. There are different products being managed by the company which direct to accomplish the Info Technology (IT) associated needs to the customers. The management has assisted the company to grow from a computer manufacturer into other technological comparable areas such as data managing and cloud solutions (Dell, 2017). Dell has increased its range of operations through acquisitions and joint ventures with other technological related firms, qualified it to get effective IT solutions.
1) https://en.wikipedia.org/wiki/Matrix_management 2)https://www.quora.com/What-are-some-real-life-applications-of-matrices 3)https://www.quora.com/How-are-matrices-used-in-business
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