Made on intuition vs. quantitative analysis

Assignment Help Operation Management
Reference no: EM131137040

That intuition is indeed a result of our past experiences. So, Class, in your organization when are decisions acceptable to be made on intuition vs. quantitative analysis? What approach does senior management expect? What approach does your manager expect? If you are a manager, what approach do you expect from your employees?

Reference no: EM131137040

Questions Cloud

Find the resultant desplacement vector by graphical method : A dog walks northeast for 15 m and then east for 25 m. Find the resultant desplacement vector by (a) the graphical method and (b) the component method.
Role in the decision-making process : Great insights and examples where intuition plays a role in the decision-making process! One's intuition can influence a decision when data is not readily available, especially with situations of uncertainty. Class, what about sharing one's intuition..
A grain dealer forty thousand bushels of corn : A farmer made a contract in April to sell to a grain dealer forty thousand bushels of corn to be delivered in October. On June 3, the farmer unequivocally informed the grain dealer that he was not going to plant any corn, that he would not fulfill..
Explain any three measures of product quality : Explain any three measures of product quality. Can these be used to measure service quality for an airline? If not, how might you measure service quality? In either case explain how the measure could be used.
Made on intuition vs. quantitative analysis : That intuition is indeed a result of our past experiences. So, Class, in your organization when are decisions acceptable to be made on intuition vs. quantitative analysis? What approach does senior management expect? What approach does your manager e..
Established in organizations to evaluate decisions : We not only use the objectives to evaluate the alternatives, but we also use them to explain to others - either family, senior management, or employees - how and why we chose the "best" alternative. Class, how are objectives established in organizati..
Based on his intuition and some historical evidence : The university of Dallas Bookstore stocks textbooks in preparation for sales each semester. It normally relies on departmental forecast and preregistration resords to determine how many copies of a text are needed. Preregistration show 90 operations ..
Rutter nursery company packages : Rutter Nursery Company packages its pine bark mulch in 50-pound bags. From a long history, the production department reports that the distribution of the bag weights follows the normal distribution and the standard deviation of this process is 3 p..
Memo to all those involved in tax preparation : In a memo to all those involved in tax preparation, the IRS indicated that the mean amount of refund was $1,600 with a standard deviation of $850. Assume the distribution of the amounts returned follows the normal distribution.

Reviews

Write a Review

Operation Management Questions & Answers

  A brief narrative describing each defined trait

Complete a personal SWOT analysis evaluating your understanding and skills in the five following categories: Communication skills; Critical thinking skills; Respect for diversity; A brief narrative describing each defined trait.

  An agent spends about 6 minutes per customer exponentially

an airline ticket counter has one line feeding into 2 ticket agents. the airline is considering adding a third agent.

  Exploratory-descriptive or causal

For the following research descriptions, please indicate whether each is: exploratory, descriptive, or causal. LoneStar Bank wants to create a profile of its customers in terms of age, income, gender, etc. so that it can understand who the typical cu..

  Christopher''s cranks uses a machine

Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm operates 12 hours per day, five days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 95% o..

  Assist with training system implementation

Why was important to Kery Group use the services of the profissional training company Olas Sap's Irish trainning partner, to assistwith training system implementation? Why was it important that Kerry Group to use the pilpt Start-up apprach for intall..

  Recognizing the planning tasks performed as part of the

identify the planning tasks performed as part of project time management. what is the critical path for a project? why

  What is the probability that biotech will develop vaccine

Team 1 has a 82 percent chance of success, team 2 an 93 percent chance of success, and team 3 a 96 percent chance. What is the probability that BioTech will develop the vaccine?

  Analyse the theory concepts and models

Critically analyse the theory, concepts and models of operations and information management; Demonstrate an understanding of the importance of information management in international operations

  Implemented on an individual and a business scale

Explain, with an example, how eco-efficiency can be implemented on an individual and a business scale.

  Who handle food to wear latex gloves for sanitary reasons

Resturant requires all employees who handle food to wear latex gloves for sanitary reasons. The annual demand for gloves is 250 boxes of 200 per year. The order cost is $11 per orderand the carrying cost is 25 percent for box per year of the purchase..

  Illustrate what causes these conflicts

Illustrate what conflicts or barriers internal to Barilla doe JITD program create. Illustrate what causes these conflicts. As Giorgio Maggiali, elucidate how would you deal with these.

  Tetracycline is one of its most prescribed antibiotics

UDI Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the Pharmaceutical companies. Tetracycline is one of its most prescribed antibiotics, with average daily demand of 2,000 capsules. UDI uses Fix..

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