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Think about this set of dichotomies: product versus service and operational decision versus strategic decision. Justify where and why you would place each problem in that dichotomy. Discuss the differences between the two approaches below. Consider the following two types of managerial problems and how analytics is used to address them.
1. A large company is considering entering the Chinese market. It would like to do so based on a detailed analysis of its business prospects. This includes estimation of potential market size, pricing, and the costs to conduct business. Based on this data, the company would like to create a decision support model that allows the executive team at the company to make a final decision. It engages a prominent consulting company for this purpose.
2. The same company offers logistics brokerage services (matching shippers and transport carriers) in the full truck load market and would like to predict available shipper demand, available carrier capacity, and consequent market prices in hourly time windows. It engages a different consulting company for this purpose.
Consider the following situation. Tricon Piping Systems manufactures small diameter potable polyethylene water pipe and achieves distribution primarily through plumbing wholesalers. The firm also sells directly to large construction companies, often ..
SE Outback Steakhouse Outback Steakhouse, Inc., now a $3.25 billion company with 65,000 employ- ees and 1,100 restaurants worldwide, began modestly in the spring of 1988. A key to making Outback a great place to work is hiring the right people. How d..
Sam's Cat Hotel operates 52 weeks per year, 6 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.70 per bag. The following information is available about these bags. What is the EOQ? What would the average..
What is the landlord's obligation regarding maintaining the premises in habitable condition? What are the tenant’s duties with respect to maintaining premises?
what you have learned in this business management course about management theories, concepts, and strategies.
Examine the background of your selected leader and explain how he developed the skills to be a Business leader.
Why does that segment of the U.S. population face greater challenges and barriers to accessing care?
List two sources of information on current service trends and changes in the hospitality industry that affect service delivery.
The president of the company has come to you with a problem. If he decides to market it, how should he do so ethically to avoid litigations?
How would you ensure all employee personalities are accounted for in this plan?
Decide on a product or business that you want to Market on the Internet. You will begin to outline your Internet Marketing Plan. Perform a SWOT analysis for your product or business. Develop a domain name for your website; why is this name the right ..
What are the feasible corner point objective function values for the following formulation:
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