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Question 1.
The Management Science Process consists of 1) understanding the problem, 2) building a representative model, 3) solving the mathematical model and, lastly, 4) monitoring/communicating the outcome. Discuss this process and the importance of each.
Question 2.
When is management science generally applied? What kinds of problems do management scientists face? Provide an example of a "problem" an organization you have been involved with has faced that did, or could have benefited from a management science analysis.
Identify elements of Just-In-Time (JIT) and lean operations apply the seven wastes
In addition to the Resource Plan what other budget plans were developed to support the Alliance Prototype Project in the SIM Project simulation.
Calculate the minimum production cycle time in days.
Describe the three components you consider to be the most important in an executive pay program to meet the criteria of competitive, performance based, and fair to all stakeholders
Use the appropriate accident causation theory or theory combination to explore this scenario.
You also have an employee that has been there for 14 years and has never been promoted to co-lead or supervisor. He came to you and wants to know why?
Discuss what you would consider as "best for the consumers" in light of the overwhelming number of regulatory mandates and agencies involved in providing health care to our citizens.
What are the mission and the values of your current or a past employer? Did or does the culture support the mission and values?
Describe three levels of currency exposure that should be simultaneously managed by Roraima within its network of foreign exchange transactions.
Assume that you are a planner within a large healthcare system in a state that is participating in the Affordable Care Act's expansion of Medicaid coverage.
Illustrate what is the break-even point in dollars for all food sales. Illustrate what is the realistic sales estimates.
Explain the need for change in a budget to treasury department in an analytical manner.
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