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In this assignment, you will use Excel's "what if" capabilities to help a company (Lifetime Fitness Center) to decide how to conduct an effective marketing campaign. The question is: What mix of advertising media should be used to maximize the net income? The case background and required analysis are given in this document: DSS CasePreview the documentView in a new window. You can build your own Excel DSS, or using this partially completed design: LFC-DSSPreview the documentView in a new window Submit the DSS Case analysis, including both the DSS spreadsheet and the business memo (MS Word file)
Excel Solver Demo: ExcelSolverView in a new window Note that I did not enter all the constraints. Thus the answer in the demo is NOT correct. You should add those minimum constraints and the limit on total number of ads (Ellen Goldsteinvice president of marketing at LFC she wants to know what sort of advertising media to use, and how many advertisements in each media to place, to maximize net income.
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 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..
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..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
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 of DVD players. Determine the appropriate reorder point.
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.
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 showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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