Determine which trade shows to participate in

Assignment Help Operation Management
Reference no: EM131402233

Instructions

You will read the scenario below and answer the prompts provided.

ETPI's marketing department intends to participate in several trade shows this year. While the marketing department has relied on some rules of thumb regarding choosing which shows in which to participate in the past, more rigorous analysis will be used this year. As the consultant, you will develop a multifactor analysis to determine which trade shows to participate in.

Location Planning

The marketing department has asked for a spreadsheet model to use in selecting locations for trade show participation. Create a Pugh matrix/multifactor decision matrix spreadsheet for this request. 

For additional information on the decision matrix, see

https://asq.org/learn-about-quality/decision-making-tools/overview/decision-matrix.html. (Links to an external site.)

Develop at least 10 criteria for seven possible alternative locations. Also develop a set of weights that can be modified by the marketing department. Make sure that the spreadsheet model is well-formatted and calculates total scores for each alternative.

SUPPORTING LINK -

https://asq.org/learn-about-quality/decision-making-tools/overview/decision-matrix.html. (Links to an external site.)

Requirements

PLEASE DISCUSS OPTIONS, alternatives & set of weights that can bemodified 300 words.
o Critical thinking
o Original thinking
- Properly identify any sources and integrate into own thoughts and ideas
- Provide a straightforward, easy-to-follow arrangement with appropriate formatting:
o Comply with APA format
- Create an Excel document

Verified Expert

The marketing department of ETPI needs to analyse and select a best alternative location to make its planning for its trade show among 7 alternatives. It have 10 different criteria to focus. In consideration to these 7 alternative locations and 10 different criteria, with a matter of complexity the marketing department prefered the Pugh matrix decision making model to solve the complexity of the situation. After a rigorous study and analysis, the department finally got an alternative location Chennai with 164 points which topped among the 6 others and selected as the first pririty for the trade show participation. Among the other 6 alternatives Jaipur and Kolkata ranked second and third with a very minor difference of one score. So if the marketing department wish to participate in more than one trade show it may consider the second and third ranked locations.

Reference no: EM131402233

Questions Cloud

How is a shift in supply reflected in a supply equation : How is a movement along a demand (supply) curve reflected in a demand (supply) equation?
Adopt disinvestment strategies : Under what conditions can an organization decide to adopt disinvestment strategies? What approaches can be adopted?
Explain the five phases of the project : Explain the five phases of the project. Provide a detailed description of each phase.Describe the key deliverables associated with each of the project options.Analyze each of the projects to determine which might be best to implement. Use such appr..
What is the range of estimates of the new quantity demanded : In carrying out their estimates, they came up with different elasticity estimates for rises in price than for falls in price, with an increase in price having a larger elasticity than a decrease in price. What hypothesis might you propose for thei..
Determine which trade shows to participate in : Properly identify any sources and integrate into own thoughts and ideas and provide a straightforward, easy-to-follow arrangement.
Principal balance on the loan : Assume the following information for a car note: Original loan amount = $27,500 Annual interest rate = 7.8% Term of loan = 36 months How much principal and interest was paid in the first year, and what is the principal balance on the loan after year ..
What is jack annualized holding period return : Jack purchased 100 shares of Green Forest Inc. stock of at a price of $157.65 three months ago. He sold all stocks today for $158.57. During this period the stock paid dividends of $5.67 per share. What is Jack's annualized holding period return (..
Identify the major categories of psychological assessment : Identify the major categories of psychological assessment. Briefly define the concepts of reliability and validity as they apply to psychological assessment. Role of testing and assessment in the diagnostic process.
Calculate the cross-price elasticity of demand : Income rises from $30,000 to $40,000; demand increases (at a constant price) from 16 to 19.

Reviews

len1402233

2/21/2017 4:07:30 AM

For this assignment, you will read the scenario below and answer the prompts provided. you will develop a multifactor analysis to determine which trade shows to participate in.Properly identify any sources and integrate into own thoughts and ideas

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd