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Decision making using the prescriptive analytics model and workflow Pick an important decision that you need to make (or have made) either at work or in your personal life. Explain how you are making the optimal decision using the prescriptive analytics concepts: Optimization Objective Function Constraints Optimal Solution Use the prescriptive analytics work flow to describe the data events that you need for this decision, how you will categorize and prioritize them, the hypotheses you form, any initial actions you will take, how you will prove or disprove these hypotheses and finally the action that you will prescribe to optimize your outcome. Make up any data you need and use any analytics models (descriptive/diagnostic/predictive) that will help you in your prescriptive analytics decision.
The company is evaluating a new process that would increase fixed costs to $150,000 per year but will reduce variable costs to $15/pump. What sales volume is needed to justify this investment?
700- to 1050-word paper that defines the similarities and differences of the purchasing strategy you will use at each stage of the Product Life Cycle of your company's specific product for a US based company
Discuss whether small business concerns can be effectively addressed through performance based acquisition standards. Justify your discussion with an actual or theoretical example.
Discuss type I and type II errors relative to the control chart. What practical implication in terms of process operation do these two types of errors have? I need a clear answer, straightforward and it should not been answer before (not copy and bas..
Describe how you might either use “The Power of Leverage” or refine your ability to “See The Forest AND the Trees” with regard to your education at this point in time. More specifically, what actions can you take now that can lead to “lasting or endu..
Laura Middleton, the scheduler at a small Grand Rapids, Michigan plant, has six jobs which can be processed on any of six machines, with respective times as shown (in hrs) in the table. Describe the allocation of jobs to machines which will result ..
What are some of the specific cultural challenges associated with doing business in Argentina and what specific steps might an organization considering investing in Argentina take for overcoming them?
The content that is required in a risk management plan is covered in the course. See the PMBOK guide for ideas on how to present your plan. Communicating metrics: When effective for communicating numbers, schedules, et cetera, use tables, bar char..
Whether a company grows, survives, and makes a profit could depend upon how their products or services are defined." What does this statement mean to a company or to consumer perception?
Out of the following 3 projects which would benefit much and be more successful for the supply chain? or overall business? Outsource the machining and assembly of parts to regional machine shops. Continue in-house assembly lines for final assembly. D..
Adopting an ERP (Enterprise Resource Planning) system is a key business as well as a technology decision. Why would a company want to adopt ERP?
Define a single-payer system and identify a country where it is used. Using demonstrated research findings, describe the strengths and weaknesses of a single-payer healthcare system.
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