Explain what is a decision, Operation Management

Assignment Help:

In your readings you were shown sources where decision tools can be found. Please refer to the "What is a Decision?" lecture and select "Click to Explore." In the list provided, you will notice paired comparison analysis. Select and read about this technique. There is an excellent illustration of the theory and a very good example. Employ this technique to solve this case. A company in the Midwest produces special purpose heavy-duty electric motors used in machine tools. The company employs 1,025 workers in all. The management of the company wants to move the low-tech, labor-intensive part of its operation to Mexico to take advantage of the low cost of labor there. If the company moves its operations to Mexico, 168 workers will lose their jobs at the current location. The expected cost saving is estimated to be $1 million in the first year and $2 million in subsequent years, for nine years. Analyze the two alternatives of moving and not moving operations to Mexico. Write a report of your analysis. Your report should focus on: •Structuring the problem with objectives and consequences •Comparing the alternatives and tradeoffs


Related Discussions:- Explain what is a decision

Explain is overtime expense fully controllable, Is overtime expense fully c...

Is overtime expense fully controllable, partially controllable, or not at all controllable by the supervisor?

#title.supply chain management, explain how a supply chain management would...

explain how a supply chain management would enhance profitability with an analysis of supply chain network

Connected flow and disconnected flow system, Connected Flow and Disconnecte...

Connected Flow and Disconnected Flow System Such systems deliver very low unit costs, they are vulnerable; because of the absence of work-in-progress buffers, if one process f

Explain essentials of system analysis and design, Essentials of System Anal...

Essentials of System Analysis and Design Read the Hoosier Burger scenario on page 199 in Chapter 6 of the text and address the following (you only need to complete parts a throu

Explain why is it impirtant for pay to be externally fair, 1. Why is it imp...

1. Why is it impirtant for pay to be externally fair? 2. Why is it important for pay to be internally fair? 3. What should Costa Vida's compensation strategy look like?

Explain what does the term product positioning refer to, What does the term...

What does the term product positioning refer to? A careful analysis of cross tabulations Shelf locations in major chain, grocery, and department stores Geographic segmenta

Explain loosening the constraints, Which of the following actions would exp...

Which of the following actions would expand the feasible region of an LP model? A.Loosening the constraints. B.Tightening the constraints. C.Multiplying each constraint by

Performance measurement in organisations, Performance Measurement 1. A...

Performance Measurement 1. An effective performance measurement framework rarely is derived from one single approach.  2. Each of the methods outlined comes with its own un

Discuss whether a company must have balance set of managers, Discuss whethe...

Discuss whether a company should have a balance set of managers of equal diversity background as employees. Support your answer.

Benchmarking - performance and productivity measures, Benchmarking - Perfor...

Benchmarking - Performance and Productivity Measures Benchmarking is the practice of comparing business practice and in particular performance between companies. It has become

Write Your Message!

Captcha
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