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This Week we explore the decision making approaches that your (current or past) organization utilizes. Although we learn some additional approaches to rational decision analysis in the next few weeks, the first five steps encompass the "typical" decision making process. As you respond to this topic, let's also analyze the effectiveness of the decisions made in your organization. Can they be improved? If yes, what suggestions do you have?
The GAC company is considering the purchase of a special shipment of portable air conditioners manufacted in japan. each unit will cost 80 and it will be sold for 125.
In terms of managing customer expectations, what are the three possible outcomes that may occur when expectations are compared to actual product performance? What should marketers do to manage expectations effectively, especially when customers’ expe..
Pick one product with which you are familiar. Complete three to five line items such as Job shop, batch, assembly line, or continuous flow approach, on the Process Design Matrix. Pick one service with which you are familiar. Complete three to fi..
The Jewel Golf Club Company, which recently began using a Kanban system, has had problems with high inventory levels of one of the handle grips used to make several versions of its clubs. Daily demand for the grip is 3000 units, average waiting time ..
Calculate the present value of the annuity. Determine the payment to amortize the debt.
Per the text, planning isn’t just what you do to go into business; it’s what you have to do to stay in business. Speculate on the planning mechanism(s) that you believe would work well for your business if implemented properly. Provide a rationale fo..
The Ethical Dimension #9 the chapter discussed some of Henry Ford’s strict labor practices that caused such high turnover. Workers were not allowed to talk on the production line, for example, and he employed detectives to spy on them when they were ..
What is the benefit of completing a spreadsheet hand adjustment analysis. Why should you run this before running a solver table solution? What is the overall purpose of running a what-if analyses?
Last year's monthly production averaged 19,000 units using one 8 -hour shift and a five day week. The defect rate was 12%. Changes to the production methodology has resulted in a 23, 000 monthly production average with an 8.5 % defect rate. What is t..
Explain how public-sector bargaining differs from private-sector bargaining in terms of : a)economic system and the market economy b) relationship between its budget and collective bargaining c) bargaining structure and decision-making processes d) n..
A business will usually choose to produce a new product inan existing facility if the cost is less that the cost of building a new one and the ___________In a shoe manufacturing plant, all shoes undergo the same operations in the same sequence. The s..
Which type of control would have been most helpful to BP in averting the oil spill in the Gulf of Mexico? Provide one (1) supporting fact to support your response.
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