Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Leveraging Super bowl 2018 Minneapolis will be hosting Super bowl 2018. How would your business capitalize of the opportunity? How would you be able to maximize your profit? You can use a business that you work for or make up your own. Remember hosting a Super Bowl means a huge spike in tourist dollars, a weekend of national exposure, and a featured spot on most-watched television event of the year. In 2008, the NFL estimated that host city Phoenix could expect to see a $500 million windfall during the four-day Super Bowl weekend. SPECIFIC REQUIREMENTS The project must use the decision analysis methods . The decision problem must have (1) at least three alternatives, (2) at least three evaluation measures, and (3) significant uncertainty about some important element of the decision. You must consult at least two expert data sources for information. Your final paper should include the all the elements of the decision making process .

Use the structure below to assist you

1. Problem Statement: Overview of the decision problem and the major considerations in analyzing it.

2. Evaluation Considerations and Evaluation Measures: Describe the process used to determine evaluation considerations and evaluation measures, including a discussion of other evaluation considerations that seem relevant and the reasons that they were not included.

3. Decision Alternatives: Describe the process used to determine alternatives, including a discussion of other alternatives that seem relevant and the reasons these were not analyzed. Describe the final set of alternatives used in the decision analysis.

4. Value Function Assessment: Present the general procedure used for the assessment. Show the parameters for the value function.

5. Scenarios: Present the scenarios used to analyze the impact of uncertainties. Describe the process used to develop the final set of scenarios, as well as other scenarios that seem relevant and the reasons these were not included.

6. Data Collection and Evaluation Measure Scores: Present the procedure used to determine the evaluation measures for each alternative under each scenario.

7. Value Calculations and Sensitivity Analysis: Briefly describe how you will carry out the value computations required to complete your evaluation. Present the value calculations for the alternatives for each scenario, as well as a sensitivity analysis. Briefly describe how these computations were done, include the actual computations in the appendix to your report. Conduct and present a systematic sensitivity analysis to investigate how variations in assumptions impact the analysis results.

8. Conclusions: Present your conclusions based on the analysis in the preceding sections, including a qualitative discussion of the reasons the preferred alternative is best. The goal of this section is that someone who does not understand the details of decision analysis methods will find your Conclusions section to be a convincing argument for the preferred alternative. That is, the analysis should be a way of developing insight about the key factors in the decision and how these lead to selection of the preferred alternative.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91896127

Have any Question?


Related Questions in Operation Management

Consider the following questions and give your responses1

Consider the following questions and give your responses. 1. Minnesota Statute §177.25 states that "[t]he states of Minnesota or a political subdivision may grant time off at the rate of 1-1/2 hours for each hour worked ...

Way of nature co produces granolas marketed as being high

Way of Nature Co. produces granolas marketed as being high in vitamins and minerals. An ounce of oats provides 8 milligrams of vitamin A. An ounce of quinoa provides 4 milligrams of vitamin A. An ounce of oats costs $0.0 ...

Your department has a number of basic calculations that is

Your department has a number of basic calculations that is makes on a routine basis. One team member suggests your department develop a basic spread sheet with some custom functions to make these calculations and store i ...

Rights of shareholders fcr realty llc and clifford b green

Rights of Shareholders. FCR Realty, LLC, and Clifford B. Green & Sons, Inc., were co-owned by three brothers—Frederick, Clifford Jr., and Richard Green. Each brother was a shareholder of the corporation. Frederick was a ...

1 introduce about the apple watch brand in a product

1. Introduce about the apple watch brand in a product category or retailing format. 2. Describe in detail the location of the apple watch brand in the market by Identifying the following: a. The brand’s Product Category ...

In 2011 two brown university seniors walker williams and

In 2011, two Brown University seniors, Walker Williams and Evan Stites-Clayton, were sad that their favorite bar in Providence, Rhode Island was closing. To commemorate the closing, the two friends decided to print T-shi ...

Bob is a very industrious employee and always looking out

Bob is a very industrious employee and always looking out for the interests of his employer. While he is at a customer’s office discussing a sale, the Purchasing Agent for the Customer leaves the room but his computer is ...

Choose one of the questions below and share your key

Choose one of the questions below and share your key takeaways. Also, include one resource from the Internet that relates to your question. Initial posts should run from 300 to 400 words. Questions To Answer Identify and ...

1 think about an interteam challenge or conflict that you

1. Think about an interteam challenge or conflict that you have either been part of or have observed in your organization. Describe what the issues were and discuss what steps you would take to reduce the chances of conf ...

You work for a us-based company in the soft drink industry

You work for a U.S.-based company in the soft drink industry (think Coke or Pepsi with a healthy, organic spin). Your company is considering expansion into parts of the European Union and you've been tasked with gatherin ...

  • 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