Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

A marketing firm is trying to win a major contract from a large retail company and is concerned with four major threats: (1) Competition: the probability of very competitive bids is high at .6, and the potential impact would be substantial at a value of 5 on a scale of 1-7 (where a 7 is a major negative impact and a 1 is slight). (2) Economy: probability of a recession is a .4 and its impact would be a 7 since the company would decide not to advertise. (3) Chance of a loss: a small probability of .3 with a negative impact of 4. (4) Personal loss: Probability of a loss is .5 but negative impact is only a 3. Use the FMEA technique to determine what risks are critical and which can be ignored.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91767021

Have any Question? 


Related Questions in Operation Management

An operation consists of 2 steps the first step has a

An operation consists of 2 steps. The first step has a reliability of 0.75. The second step has a reliability of 0.91. What is the probability that this system will fail? Express as a percentage with one decimal place. D ...

For this assignment you will conduct a literature review of

For this assignment, you will conduct a literature review of the four-frame model discussed in this course. To complete this assignment, you will choose three peer-reviewed articles from the required reading section of t ...

Create a minimum of a 6-slide not including the title and

Create a minimum of a 6-slide (not including the title and reference slides) Microsoft® PowerPoint® presentation that will be presented to the organization's Executive Committee. The presentation should cover the followi ...

1 discuss the importance of sourcing the right people when

1. Discuss the importance of sourcing the right people when your company plans to open a venture abroad. 2. Explain the best employee development programme for the new local talents who had been selected. 3. Discuss the ...

1 what are the differences between a cash flows statement

1. What are the differences between a cash flows statement prepared for a governmental electric utility versus one prepared for an investor-owned utility? 2. What are five types of information must be presented in Manage ...

What ethical difficulties if any arise out of the theory of

What ethical difficulties, if any, arise out of the theory of "no-fault" workers' compensation statutes? Should an employee injured primarily by her own negligence receive the same benefit as one harmed through no fault ...

Based on module fives articles on effective behavior change

Based on Module Five's articles on effective behavior change techniques in the prevention and management of childhood obesity, explain some of the practices that will enhance good health. Frame your answer around a major ...

Situationassume you are a textbook publisher you have been

Situation: Assume you are a textbook publisher. You have been selling books to students through bookstores. Now with the advent of iPads and e-readers, you have decided to bypass bookstores completely. You have decided t ...

Identify the determining dimension or dimensions that

Identify the determining dimension or dimensions that explain why you bought the specific brand you did. Try to express the determining dimension in term of your own personal characteristics. Estimate what share of the m ...

Since the use of work teams is growing in importance

Since the use of work teams is growing in importance, describe in detail the relevant factors to be considered in an effectivetelecommuting. Describe the potential limits this may have for a rollout. Describe how some of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro