Ask Operation Management Expert

Redraw the flowchart with the following change.

The first check, after the patient presents, is not whether she's in labor, but whether she's been admitted. Present the new flowchart with a glossary: that is, label the various activities and decision A, B, C, etc. and provide a list explaining each label.

In part 2 (Decision Trees), one of the examples states, "If the IT system were upgraded, then there's a 40% chance (i.e., a 0.40 probability) that (some entity) would buy (the company)..." If the 0.40 figure happens to be wrong, then any decision based on it will also be wrong. So the obvious question is, where did that figure come from, and what gives us a warm feeling that it's right?

In part 3 (PERT-CPM), each Case problem begins with a list of project tasks, along with three estimated completion times for each; the optimistic (shortest) time, the pessimistic (longest) time, and the most likely (somewhere-in-between) time. These times are the necessary starting point for the problem; but where did they come from? In this instance, of course, the person who devised the problem simply made them up. But if you were using PERT-CPM to run a real-world project, such as building a factory, you'd need time estimates that had some basis in reality. Where would you get them?

In part 4 (Linear Programming), one of the examples begins with the statement, "An electronics firm produces a calculator. Customer demand is for 100 ... calculators per day." Oh, really? Is that the average demand over the past year, the demand yesterday, the seasonally-weighted daily demand, or something else entirely? Whatever it may be, it's only useful to the extent that it accurately reflects future customer demand. After all, production decisions must be made on the basis of what a company expects to sell, not what it's sold in the past. So that 100-per-day number needs to be seen as a forecast. Who made that forecast, and how reliable is it?

Attachment:- ASSIGMENT.docx

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91413065
  • Price:- $80

Priced at Now at $80, Verified Solution

Have any Question?


Related Questions in Operation Management

Conflictdefine functional versus dysfunctional conflict in

Conflict Define functional versus dysfunctional conflict in a work group and explain how you can increase functional conflict and decrease dysfunctional conflict. Develop a response that includes examples and evidence to ...

For this assignment you will need to find 2 articles in

For this assignment, you will need to find 2 articles in business that can help describe what are IT strategic initiative being undertaken by an organization are like. Choose a different organization for each of the arti ...

Coping with problems joe is a little nervous he has just

Coping With Problems Joe is a little nervous. He has just been transferred from another plant to take over a production line. Production is down and there is a serious problem with absenteeism. To make matters worse, the ...

Over 30 years ago michael porter identified a holistic

Over 30 years ago Michael Porter identified a holistic approach to understanding how competitive forces shape strategy. He posited that the only way to truly insulate an organization from underlying economic volatility i ...

You are the contracting officer for an air-to-ground

You are the contracting officer for an air-to-ground missile development program. A contract for pre-production models of the missile was awarded by your predecessor and the contractor is behind schedule. In a program me ...

The ikea case provides an excellent opportunity to apply

The IKEA case provides an excellent opportunity to apply strategic management concepts to a large privately-held company that is expanding into India. IKEA is a Netherlands-based Swedish company with a presence in 44 cou ...

Can you answer for me the following questions about social

Can you answer for me the following questions about social loafing and the three main causes of free-riding. 1. Give a description of the phenomenon of social loafing. 2. Give a description of the phenomenon of free-ridi ...

1 analyzing the bridgestonefirestone and ford motor company

1. Analyzing the Bridgestone/Firestone and Ford motor company, is it sufficient to use the ISO/QS 9000 standards as the main basis of vendor/product selection? 2. What position to these cars company ( 1. Volkswagen, 2. F ...

Research the effect of primary and secondary seat belt laws

Research the effect of primary and secondary seat belt laws on the occurrence of motor-vehicle injuries and fatalities. Explain how epidemiologic studies influenced the development of current seat belt laws. Describe how ...

Please provide a brief paragrap of the key takaways from

Please provide a brief paragrap of the key takaways from each of the following topics: Designing Clear Visuals in business reports Designing Successful Documents and Websites Writing Winning Proposals

  • 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