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A construction company faces several decision-making situations during a typical project. Classify each of the following cases as decision making under certainty, decision making under uncertainty, or decision making under risk, explaining your reason for each classification.
(a) Budgeting costs for a new type of project for which the company has no historical data
(b) Budgeting costs for a project when the company has done many similar projects before
(c) Budgeting costs for work to be done by a subcontractor under a firm fixed-price contrac
Your organization has enrolled a patient population on a capitation basis. Although some patients will use substantial services and some will use few, the payments your organization will receive will almost certainly cover all the care this populatio..
What, if any, are the major differences between knowledge and information? Describe the distinct components of stand-alone decision support systems (DSS) and provide some specific examples of these systems and how they may be used in the health care ..
You are designing a grocery delivery business. What should be your competitive priorities?
Discuss variation by defining “special” and “common” causes of process variation. Provide an example of each. Discuss what your response of correction would be for each example.
The supervisor at the precision machine shop wants to determine the staffing policy that minimizes the total operating cost. The average arrival rate at the tool crib, where tools are dispensed to the workers, is 5 machinists per hour.
WHY IS COOPERATION SO HARD? Briefly describe whether events in this case support or refute the resource dependence, collaborative network, population ecology, and institutional perspectives. Why or why not?
Use the Internet to research social media marketing strategies. Next, imagine that you are a manager of a retail store in a major mall with decreasing sales. Suggest two (2) ways that you can use social media in order to increase sales and promote yo..
Operating a business in an ethical manner takes time, effort and commitment. What are the key elements to a company having successful organizational ethics? What can we do as managers to encourage ethical behavior and to raise ethical standards in..
What are the basic components of health systems? How do they tend to be organized? What are some of the key factors that shape effectiveness of health care delivery?
Defines in your own words the terms "operations management", "operational efficiency", "operational effectiveness", "operations strategy", and "operational sustainability."
Describe the nature of organizational conflict, its sources, and the way it arises between stakeholders and subunits.
Your organization has decided to update their elearning platform, you have been asked to research 10-20 learning technology platforms. You remember the ODL system and elements, Gagne five varieties of learning and Sadler-smith and smith discussion of..
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