What were the decision variables and constraints

Assignment Help Operation Management
Reference no: EM131283946

1-Briefly describe a recent decision you made that could be viewed from an optimization perspective. In a few words, what were the “decision variables”? What was the objective? What were the constraints? Did you have more than one objective?

2-Think of a company you are familiar with. Briefly describe a couple problems the company faces that could be addressed, at least in part, through optimization. The problems can be either strategic or operational in nature.

Reference no: EM131283946

Questions Cloud

Why did transfer pricing in europe take on increased : What is the difference between ethnocentric, polycentric, and geocentric pricing strategies? Which would you recommend to a company that has global market aspirations?
Information for planning further continuous improvement : Identify mistakes that have been made while working on your project. Explain what your group has learnt from the project and list the changes you would make when planning similar project in the future.
Impact of key inputs from stakeholder groups on new product : Assess the types of stakeholders involved in the development process for the product/service of your chosen company (Walmart). Evaluate the impact of key inputs from stakeholder groups on new product/service development efforts. Analyze the role thes..
Describe how they relate to the agenda of healthy people : Discuss 2 common health conditions found among any cultural group of your choice.Describe how they relate to the agenda of Healthy People 2020
What were the decision variables and constraints : Briefly describe a recent decision you made that could be viewed from an optimization perspective. In a few words, what were the “decision variables”? What was the objective? What were the constraints? Did you have more than one objective?
Maintain your competitive advantage in world markets : Your country of manufacture was experiencing a strong and appreciating currency against almost all other currencies, what options are available to you to maintain your competitive advantage in world markets?
Human resource management : On pages 139-140 of your textbook ( Noe, R.A., Hollenbeck, J.R., Gerhart, B., & Wright, D.M. Human Resource Management: Gaining a Competitive Advantage. (10th Edition) New York:
What do the changes in tax revenues suggest : What happened to those revenues over those years? Given constant tax rates, what do the changes in tax revenues suggest about changes in the shape of the Laffer Curve?
Outline a detailed feasibility plan : Provide a detailed hypothetical mission and value statement for the hospital. Provide a rationale for the development of your particular mission and value statement.

Reviews

Write a Review

 

Operation Management Questions & Answers

  Adequate amounts of information

Utilizing academic analysis of decision making create three slides for talking about the Russian decision to annex Crimea. Each slide should contain enough content to fill the slide with talking points that are in paragraph form in the notes secti..

  Role of the organization development practitioner

In a paper of at least 3 pages (APA format), compare and contrast action learning and appreciative inquiry as organization development tools, including similarities and differences in the role of the organization development practitioner in implem..

  Why is the role of a data steward considered innovative

As more and more data are collected, stored, processed, and disseminated by organizations, new and innovative ways to manage them must be developed. Discuss how the data resource management methods of today will need to evolve as more types of data e..

  Sharper metal scalpel is required to better extract tumors

Consider the following need statement: "a new type of sharper metal scalpel is required to better extract tumors". Restate the need concisely.

  Major investment in specialized equipment

You are in charge of procuring a machine for your factory. The process will take about a year to complete and is a major investment in specialized equipment that will make or break the profitability of the company. Which machine would be purchased if..

  Consequences of unrealistic aspirations and routine initial

Consequences of unrealistic aspirations and routine initial assignments typically include all of the following except:

  Small organization increases the opportunity for delegation

A very small organization increases the opportunity for delegation. When two or more employees are uncertain as to who is responsible for a task, only one outcome is possible. Organizational members should be obligated to perform only those activitie..

  Groups into a self-directed work team

You have just been part of a merger. You have each been chosen to head up your department and merge the two groups into a self-directed work team.

  Is the efficiency satisfactory and why

Specify the sequential relationships among the tasks using a diagram. An example can be found on the lecture slides for Week 5. Please include all the tasks, arrows, and task times in the diagram.

  Should c-spec use this machine to produce this part

After a trial run on this machine, C-Spec has decided that the machine has a sample mean of 4.001 inches with a standard deviation of 0.002 inch. Should C-Spec use this machine to produce this part. Why.

  Explain termination for cause or convenience clause

The majority of contractual arrangements will probably be successful, but when performance is poor, how do we hold the contractor or supplier accountable

  The situation in a positive or negative way

Be sure to discuss how the theory you selected relates to the situation in a positive or negative way, and if negative, how the situation could have been handled differently if a different tactic was taken. Use at least two outside sources with at le..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd