Explain what is a decision, Operation Management

Assignment Help:

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


Related Discussions:- Explain what is a decision

What is the objective of the total productive maintenance, What is the obje...

What is the objective of the total productive maintenance? Total productive maintenance (TPM) aims to shorten lead times by making sure production and machine maintenance staff

Define sociotechnical systems theory, Discuss sociotechnical systems theory...

Discuss sociotechnical systems theory and contrast it with the open systems theories of organization development?

Explain what is the utilization of the machine, Suppose jobs arrive at a si...

Suppose jobs arrive at a single? Machine workstation at a rate of 20 per hour and the average process time is 2.5 minutes. a. What is the utilization of the machine? b. Sup

Describe the pitfalls on this strategy, Evaluate panera Bread's strategy an...

Evaluate panera Bread's strategy and its effectiveness with executing the strategy within the competitive fast-causal restaurant market place . Discuss the pitfalls on this strateg

Explain importance of strategic management, In light of the various theorie...

In light of the various theories of Strategic Management and Competition touched on in this course (e.g., the Resource Model of the Firm, internal/external analysis, SWOT, Value Ch

Explain forgo economic profit in order to increase social, When is it ok to...

When is it ok to forgo economic profit in order to increase social returns?

Types of process designs, Types of Process Designs The basic type of p...

Types of Process Designs The basic type of production system and the finished goods inventory policy to be used must be decided at the earliest stages of process planning. The

Green supply chain management, what is the meaning of green sipply ...

what is the meaning of green sipply chain managent and is it applied in production process

Role of production planning and control, Role of Production Planning and Co...

Role of Production Planning and Control in Operation Management Operations are at the centre of the diagram in figure given below because they are the dynamic doing elements o

Explain crossover point among the existing process, The local convenience s...

The local convenience store makes personal pan pizzas. Currently, their process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000, and

Write Your Message!

Captcha
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