Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Josh and Mike met each other as roommates during freshmen year at MacAlister College in St. Paul, Minnesota. Despite a rocky start they became best friends. They are planning on going on a two week adventure together to celebrate their graduation in June. Josh has never been to Europe and wants to visit France or Spain. Mike spent a semester abroad in Aarhus, Denmark, and traveled extensively in Northern Europe. Even though he never went to France or Spain, Mike wants to go to some place more exotic like South Africa or Vietnam. For the past week they have been arguing back and forth over where they should go. Josh argues that it will cost too much to fly to South Africa one they are there. Each of them agreed that they can spend no more than $3,500 each the trip and could be gone for only two weeks. One evening when they were arguing with each other over beers with friends, Sara said "why don't you use what you learned in your project management class to decide what to do? Josh and Mike looked at each other and agreed that made perfect sense. 1. Assume you are either Mike or Josh; how would you go about making a decision using project management methodology? 2. Looking first at only cost, what decision would you make? 3. After cost, what other factors should be considered before making a decision?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91900858

Have any Question?


Related Questions in Operation Management

1 discuss what you think is the best or worst part of pepsi

1. Discuss what you think is the best or worst part of Pepsi America's channels of distribution. 2. Does Nestle business units/divisions trade or exchange resources? Why? How? 3. If you were in charge of implementing an ...

1 how do the tools available for analyzing multibusiness

1. How do the tools available for analyzing multibusiness strategies differ from those use to analyze a single line of business strategy? 2. Name and describe 2 short term goals, 2 medium term goals and 2 long term GOALS ...

1 discuss the 4 main tasks in crafting a corporate

1. Discuss the 4 main tasks in crafting a corporate strategy. 2. Define the term diversification and discuss when a company should consider diversification. 3. Define the 4 strategic options for diversification. 4. Discu ...

Chip davis has been running his car dealership business

Chip Davis has been running his car dealership business successfully for five years. This year, he started to suffer losses because some of his customers have defaulted on their payments. At the end of the third quarter ...

You were the project manager in charge of building a house

You were the project manager in charge of building a house in Ashburn, Virginia. The house was a five-bedroom home estimated to cost $1.2 million dollars and had to be completed in 24 months. You have successfully built ...

Typically mcdonaldrsquos produces menu items in advance of

Typically, McDonald’s produces menu items in advance of customer orders based on anticipated demand. In contrast, Burger King produces menu items only in response to customer orders. Which system (MRP-II or lean manufact ...

Research the topic below write one full page document 12 pt

Research the topic below. Write one full page document (12 pt font) on your findings . Your findings should be one page and completed in Microsoft Word. List positive and negative impacts that businesses making goods and ...

1 if you were an agent how would you determine your target

1. If you were an agent, how would you determine your target market? Is determining a niche market important? 2. Is Cyber Risk the disruptive trigger for operational risks currently? What are some of the most recent Cybe ...

1 why do people use social networks2 how can you segment

1. Why do people use social networks? 2. How can you segment Cyworld's users? Which segments should Cyworld target? How can it create value for users in these segments? 3. How is Cyworld different than Facebook and MySpa ...

For eight straight years apple has been recognized as

For eight straight years, Apple has been recognized as having the best worldwide supply chains in the "Gartner Global Supply Chain Top 25" ranking. In the most recent ranking, Apple was actually classified above the rank ...

  • 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