Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Problem -
Zhu Manufacturing is considering the introduction of a family of new products. Long-term demand for the product group is somewhat predictable, so the manufacturer must be concerned with the risk of choosing a process that is inappropriate. Faye Zhu is VP of operations. She can choose among batch manufacturing or custom manufacturing, or she can invest in group technology. Faye won't be able to forecast demand accurately until after she makes the process choice. Demand will be classified into four compartments: poor, fair, good, and excellent. The table below indicates the payoffs (profits) associated with each process/demand combination, as well as the probabilities of each long-term demand level:
Poor
Fair
Good
Excellent
Probabilities
.1
.4
.3
.2
Batch
-$200,000
$1,000,000
$1,200,000
$1,300,000
Custom
$100,000
$300,000
$700,000
$800,000
Group technology
-$1,000,000
-$500,000
$500,000
$2,000,000
a) Based on expected value, what choice offers the greatest gain?
b) What would Faye Zhu be willing to pay for a forecast that would accurately determine the level of demand in the future?
The emphasis on leased and temporary employees in an organization will only lead to a decrease in employee morale. These employees come in, do their jobs, and then leave it up to the full-timers to handle the details. Build an argument supporting thi..
Andrew was employed by the Emerald City in the accounting department. David, the head of the department, stormed into Andrew's office demanding to search the files and all records of payments made by Emerald City to Holland Construction. David accuse..
Identify and explain the steps that one must take to be a critical consumer of the news, and describe a time where you failed to be a critical consumer of the news.
What are the five factors that employers must consult workforce representatives on?
Bob has always performed well and has an excellent track record with the company. He and Arnold do not have any type of employment contract - they've just worked together for the last 30 years.
Describe the decision-making process a leader should go through in deciding whether to call a meeting. Identify at least four reasons to hold a meeting and four reasons not to hold a meeting. Explain each briefly.
Evaluate two of the five characteristics of a culturally competent organization, in terms of how well they relate to human resources management best practice strategies. Evaluate at least two benefits that arise from an organization’s use of the elec..
Write a 1000-word reflection hat summaries your personal understanding, practical implication and possible criticisms raised by the discussion and questions.
Critically discuss the core values of organizational behavior and their importance in the organizational development process and conduct an academic review of a team intervention of your choice. Provide academic evidence of its use, success, failure ..
What is the appropriate degree of employee involement (EI) depends on four "contingencies". How can I rate or evalute the degree of involement associated with a real-world decision-making process.
Base on the Netflix announcement contained in 11.17 do the following: write a detailed AIM planning document and devote at least five paragraph to analyzing your audience, developing your ideas, and structuring your message. B. Rewrite the bad-news e..
Based on the information about Walmart and any other information you found online or in media reports, explain why you agree with the strategy you selected.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd