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In your readings you were shown sources where decision tools can be found. Please refer to the "What is a Decision?" lecture and select "Click to Explore." In the list provided, you will notice paired comparison analysis. Select and read about this technique. There is an excellent illustration of the theory and a very good example. Employ this technique to solve this case. A company in the Midwest produces special purpose heavy-duty electric motors used in machine tools. The company employs 1,025 workers in all. The management of the company wants to move the low-tech, labor-intensive part of its operation to Mexico to take advantage of the low cost of labor there. If the company moves its operations to Mexico, 168 workers will lose their jobs at the current location. The expected cost saving is estimated to be $1 million in the first year and $2 million in subsequent years, for nine years. Analyze the two alternatives of moving and not moving operations to Mexico. Write a report of your analysis. Your report should focus on: •Structuring the problem with objectives and consequences •Comparing the alternatives and tradeoffs
Economic Advantage of Statistical Process Control Since only samples of the output are measured, the cost of the measurement is substantially less than if all of the output we
Task time estimates for a production line setup project at Robert Klassen's Ontario factory are as follows: Immediate Activity Time (in hours) Predecessors A 6.0 - B 7.2 __ C
Explain the following terms in your own words and give specific, real life examples to illustrate your understanding of the term: 1. Tangible versus intangible resources 2. Core co
An Electric Company estimates its demand trend line (in millions of kilowatt hours) to be D = 79 + 0.52 Q, where Q refers to the sequential quarter number and Q=1 for winter 2000.
Expected effectiveness of plan: Ramon Martinez is the general manager of Classic Inn, a local mid-priced hotelwith 100 rooms. His job objectives include providing resourceful
Discuss the legal and ethical issues surrounding Solyndra, the California based solar panel manufacturer. Incorporate two to three specific laws or ethical codes that apply to the
A quality analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that the process standard deviation is two ounces. Each
Theory of constraints -TOC The theory of constraints was first proposed in 1986 by Dr Eliyahu M. Goldratt in his widely read book The Goal. The theory of constraints is the pr
McDonalds Inventory $128.40Revenue $17, 140.50COGS $ 11943, 70Gross Profit $5,196.80 Wendy's Inventory: $54.40Revenue: 3148.90COGS: 1634.60Gross Profit: 1514.40 A. What were
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