Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Case Study-Chipotle

Introduction

Making decision and solve problem is a daily process in our professional and personal lives. Technology provides a continuous flow of information needing to be processed and absorbed. Deciding what to do with the abundance of information our rational decision-making process guides us towards the right course of action.   Decision making is the action or process of identifying a strategy to resolve problems (Miller, Hickson & Wilson, 1996).

Unit Learning Outcomes

ULO 1: Contrast various approaches to ethical decision making. (CLO 3)

ULO 2: Analyze a rational model of decision making to solve problems and make decisions. (CLO 1, 4 & 5

Answer the case question

1. How does the reality conceps to the decision making process help you better understand the problems that people have in making decisions?

2. What new insights into decision-making did you have from examining both idea sets together?

3. What poor decision-making processes can you better identify after reading and completing this exercise?

4. When and why might it be necessary to depart from the rational decision-making process?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92553893

Have any Question?


Related Questions in Operation Management

Essay business communications1-discuss the three internal

(ESSAY) (Business Communications) 1-Discuss the three internal communication patterns. 2-What is included in the "communication environment"? 3-Explain how the appearance of a message can be a barrier to effective commun ...

We sometimes limit others based on assumptions about the

We sometimes limit others based on assumptions about the physical or mental disabilities they may have. Yet, people are often able to do much more than we expect. How can you legally determine if a person has a disabilit ...

1 a health policy can be described as a statement by the

1. A health policy can be described as a statement by the government of what it intends or does not intend to do. True False 2. Current health expenditures and projected future increases have resulted in reduced access t ...

Assignmentto provide any product or service you have to use

Assignment To provide any product or service, you have to use resources like money, materials, labor, time, and information. The goal is to provide the greatest amount of value to customers while utilizing the least amou ...

Eoq a jewelry firm buys semiprecious stones to make

EOQ. A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone ...

1 describe a steering committee and explain the ciorsquos

1. Describe a steering committee and explain the CIO’s role with regard to it. Your response should be at least 200 words in length. 2. What are some situations in which bending the rules might be more ethical than follo ...

Discuss from some of the most important components of good

Discuss from some of the most important components of good project management practices. What is your view on the statement “Most projects overrun their budget?” Give specific examples from the Military stand-point. Keep ...

Isa 700 forming an opinion and reporting on financial

ISA 700 Forming an Opinion and Reporting on Financial Statements requires auditors to produce an audit report. This report should contain a number of consistent elements so that users are able to understand what the audi ...

Read the future of malpractice reform articlein your

Read "The Future of Malpractice Reform" article. In your opinion, do you think Tort Reform will benefit the patients or the medical practitioners? How will this change effect medical institutions? What was one myth or tr ...

Problem set problem 1 using the marginal approach suppose

PROBLEM SET Problem 1: Using the Marginal Approach Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are: 1 customer: $30 2 customers: $32 3 cus ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As