Use simulation instead of an analytical model

Assignment Help Operation Management
Reference no: EM13992257

Explain why might a manager be forced to use simulation instead of an analytical model in dealing with a problem of

(a) inventory ordering policy?

(b) ships docking in a port to unload?

(c) bank teller service windows?

(d) the U.S. economy?

Please briefly answer all 4 situations

Reference no: EM13992257

Questions Cloud

Explain why both internal and external factors : Explain why both internal and external factors should be stated in specific terms (that is, using numbers, percents, money ratios, and comparisons over time) to the extent possible.
Compensation changes address these challenges : Are there larger problem in the competitive landscape for Best Buy that cannot be solve by compensation strategy changes alone? When customer look to buy electronic, what options do they have other that Best Buy and why would they choose these option..
Responsible for their own ethical or unethical behavior : Ethical Behavior Post below the answers to the following questions: Are individuals responsible for their own ethical or unethical behavior? Why do other people, especially your bosses, influence your ethical behavior? How may attribution and reinfor..
Explain the six steps in the hierarchy of effects model : What is customer relationship management (CRM) and how is database marketing used to enhance CRM? Explain how Marketing Communications is different from Marketing. What is Integrated Marketing Communications? Explain the reasons why a product might n..
Use simulation instead of an analytical model : Explain why might a manager be forced to use simulation instead of an analytical model in dealing with a problem of
Task roles-relationship roles and individual roles : Describe the differences between task roles, relationship roles, and individual roles. How do relationship roles and task roles contribute to successful teams? What specific roles (i.e. task manager, advocate, etc.) do you think are the most essentia..
Advertise our physical rehabilitation program : As the newly hired hospital marketing director, you have your first meeting with the administrator. "Okay," he says, "we need to advertise our physical rehabilitation program. I'll give you a couple of days to tell me how much you'd like to spend. Is..
Cannibalize sales from the existing marketed product : A firm currently offers a single product within the product category. the product management team is considering the development of a new high-featured and high priced offering. Should they expect the new higher-priced product to cannibalize sales fr..
Cardiac rehabilitation program was recently approached : The director of a cardiac rehabilitation program was recently approached by a sales representative from the community newspaper selling advertising space. The sales representative underscored the fact that the paper had the largest circulation of any..

Reviews

Write a Review

Operation Management Questions & Answers

  Overforecasting demand create within supply chain

What problems does overforecasting demand create within a supply chain? What problems does underforecasting demand create? What can a company do to resolve the problem of forecasting inaccuracy?

  How can the present situation be corrected

Payton Corporation had decided to respond to a government RFP for the R&D phase on a new project. How can the present situation be corrected? Is there any way this situation can be prevented from recurring

  What is the forecast for july

A check-processing center uses exponential smoothing to forecast the number of incoming checks each month. The number of checks received in June was 40 million, while the forecast was 42 million. A smoothing contant of .2 is used.

  Illustrate what are the revised vlcs

Illustrate what is the average VLC in a target market segment if the average purchase price is $75 per visit, the frequency of purchase is 6 times per yr.

  What will be your financial break-even point

What will be your financial break-even point. If you require investment capital, identify possible sources (friends, family, banks, USSBA, etc.).

  What type of budget would be used to plan type of decrease

What sources of financial data would a Health Information Management (HIM) director need in order to reduce payroll? What are the costs associated with the HIM department’s payroll? What type of budget would be used to plan this type of decrease?

  Dysfunctional behavior-reinforcement theory

Define: expectancy theory, contrast error, dysfunctional behavior, reinforcement theory.

  One reason tribal governments show increasing interest

One reason tribal governments show increasing interest in joining the NFIP is because:

  What might companies be looking to benchmark internally

And, if we recall from our readings this week, benchmarking can also be performed within an organization's departments, to see what different internal groups are doing. Which brings up a question, what might companies be looking to benchmark inter..

  Informational listening and effective rational listening

Write an analysis that is at least one page in length where you analyze your own listening effectiveness. Using the textbook to guide you, analyze your strengths and weaknesses in terms of the text's guidelines for effective informational listening a..

  Discuss the problems posed by commercial piracy

Discuss the problems posed by commercial piracy. Explain how an international strategy would take this into account and address it.

  Discuss the differences between leadership and management

Discuss the differences between leadership and management, and how a leader's strength affects the business. Discuss resources to find qualified individuals to work for your firm and how operational management and human resources are interwoven.

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