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

Be safe inc manufactures car seats in its dallas plant each

Be Safe, Inc. manufactures car seats in its Dallas plant. Each car seat passes through the Assembly Dept and the Testing Dept. This problem focuses on the Assembly Dept. the process-costing system at Be Safe, Inc. has a ...

Triano brothers an insurance firm follows an administrative

Triano Brothers, an insurance firm, follows an administrative procedure for measuring the relative worth of its jobs. The organization does this by assembling and training a committee consisting of people familiar with t ...

Problem 1 -ching-chang kuo is considering opening a new

Problem 1 - Ching-Chang Kuo is considering opening a new foundry in Denton, Texas; Edwardsville, Illinois; or Fayetteville, Arkansas, to produce high quality rifle sights. He has assembled the following fixed-cost and va ...

Consider the following scenarioyou have held conversations

Consider the following scenario: You have held conversations with Precision Part's leaders and obtained the following information, which you want to use in the development of a 4-year strategic management plan. PPQ Parts ...

Identify a contact person for the quality improvement

Identify a contact person for the quality improvement program at a long-term care facility in your geographic area(Virigina). Conduct a brief in-person, telephone, or email interview with this contact person, concentrati ...

Retaining customers is critical to business success nps is

Retaining customers is critical to business success. NPS is used as a metric for customer loyalty, which strongly correlates with revenue growth. Data are obtained via a variant of the simple question "What is the likeli ...

Required and discretionary benefitsin this assignment you

Required and discretionary benefits In this assignment, you will identify the benefits that are required by law(s) and those that are discretionary in a one-two page essay. Instructions: Read relevant information in the ...

Compare and contrast compensation and benefits strategy of

Compare and contrast compensation and benefits strategy of the "people department" of Southwest Airlines to overall strategies of two other airlines. What distinguishes each approach from the others?  What are the streng ...

Assignment inventory management research two 2

Assignment : Inventory Management Research two (2) manufacturing or two (2) service companies that manage inventory and complete this assignment. Write a six to eight (6-8) page paper in which you: Determine the types of ...

Solve the following inventory management problems -problem

Solve the following inventory management problems - Problem 1 - Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is ...

  • 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