Difference in optimizing decision and satisficing decison

Assignment Help Operation Management
Reference no: EM131149765

1. What is the difference between an optimizing decision and a satisficing decision?

2. How can a manager double check the ethics of a decision?

3. How would a manager use a systematic thinking and intuitive thinking in problem solving?

4. How can the members of an organization be trained in crisis management?

Reference no: EM131149765

Questions Cloud

Core market offerings and defining the product : From the scenario, prioritize the attributes of Golds Reling's brand from the brand map presented in the scenario according to the attributes that you believe would be most important to the new tablet's target market. Provide support for your resp..
Explain diversification strategies : Analyze why the acquisition of the Media Capital by the Prisa Group created many advantages. Explain diversification strategies as well as growth strategies adopted by TVI
Stockouts over the six periods of the planning horizon : Right click and save the Red Tomato Demo to your hard drive. Using the original data in the file, what happened to inventory and stockouts over the six periods of the planning horizon? Right click and save the Red Tomato Demo for Example 1 to your ha..
Design three voltage divider networks : Design three voltage divider networks to achieve the following design criteria. With Vin = 10V, Vout should be within the range of 3.3 and 5V.
Difference in optimizing decision and satisficing decison : What is the difference between an optimizing decision and a satisficing decision? How can a manager double check the ethics of a decision? How would a manager use a systematic thinking and intuitive thinking in problem solving? How can the members of..
Provide a specific description of the target market : Identify the ideal target market for your Learning Team's selected product or service. Include the following: Provide a specific description of the target market, which should be measurable, accessible, sustainable, differentiable, and actionable.
About the inflexibility of standardized jobs : Using Job Analysis and Competency Modeling, respond to this scenario: You are a human resource job analysis specialist who has been assigned to conduct a job analysis for Walgreen’s pharmacy technicians. Identify sources that could be used to gather ..
Design an arduino uno based dc motor control circuit : Design an Arduino Uno based 24VDC motor control circuit. The motor should start with the presence of a 5V signal, however it will have its own power supply. The circuit will be designed and simulated with MultiSIM.
Examine the marketing science of customer behavior : Determine the primary and secondary target markets for your company. Next, analyze the primary and secondary target markets that you identified for your company. Be sure to cover the 4Ps, 5Cs and STP.

Reviews

Write a Review

Operation Management Questions & Answers

  Creating an update query create a query

Creating an Update Query Create a query that updates students’ credits to account for the books they ’ve ordered and received. Click the Run button to test the query. When prompted to change the records, answer “Yes”.  Save the query as Credit Update..

  Determinant of entry

Which of these is a determinant of entry, according to Porter?

  Problem - newsboy model

How many cakes with Devilicious frosting should Betty prepare daily in the morning if her objective is to maximize expected profit? What is the associated expected profit and what is the associated expected profit?

  Young man gave driver license to officer with shaking hands

The young man gave his driver’s license to the officer with shaking hands. Richard must have almost answered a hundred ads before he found a job. Stan bought a sports car from a fast-talking salesman with flames. While at the theater, Jan’s coat was ..

  Why do you look beyond lowest price when choosing supplier

Why do you look beyond the lowest price when choosing a supplier? What other factors need to be considered and why?  What are the primary goals of purchasing? How can purchasing achieve these goals?

  About the purpose or philosophy behind sentencing

Judge Even Hand is considering what sentence to impose against Slick Martin after he was convicted by a jury for robbery. During a discussion with his law clerk, the clerk asks Judge Hand if there are different reasons or philosophies behind a given ..

  Environmental law is both federal and state-controlled

Environmental law is both federal and state-controlled. Discuss the effect on state regulations if the federal government, through the Environmental Protection Agency, changes the standards for air pollution and carbon dioxide emissions.

  Incident command system has contributed to effective respons

How well do you think the Incident Command System (ICS) has contributed to effective response efforts in the United States? Has it made the jobs of first responders more manageable? Where do you think further improvements are needed?

  Create a corporate policy designed to minimize inventory

Create a corporate policy designed to minimize inventory shrinkage related to theft, stocking errors, shipping errors, etc., indicating how the policy will be enforced and procedures that may need to be implemented.

  Analyze the prototyping

As you examine PepsiCo leadership at the end of the case study, analyze the prototyping, if any, the leadership is undertaking as a way to experiment with the future. Consider whether PepsiCo leadership is following Scharmer's advice: "This means to ..

  Initial investment required for plant and equipment

Patricia Zell, a dollmaker from Olney, Maryland, is interested in the mass marketing and production of a ceramic doll of her own design called Tiny Trisha. The initial investment required for plant and equipment is estimated at $25,000. Labor and mat..

  Identify the key constraints of the project

Create a project charter and identify the key constraints of the project scope, budget, timeline, quality, people resources, etc. Using the scenario from this unit, create a spreadsheet that lists all the project risks you see based on what you cur..

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