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

Explain increase retention of employees, If you became the new manager at r...

If you became the new manager at restaurant with high employee turnover, what actions would you take to increase retention of employees?

Explain if you agree abandoned the property, As an appellate judge, you hav...

As an appellate judge, you have been assigned the following court case. When Gayle Benz left her husband, Jeffrey, she left personal property valued at $10,000 at their residence.

Describe implementation and communication of strategic plan, Why is it impo...

Why is it important to continuously update the implementation and communication of a strategic plan? Who should be responsible for updating and communicating a strategic plan? Why?

I want help with writing an rcode to analyze an experiment, I need help wit...

I need help with writing an rcode to analyze an experiment for a two way layout without replication. There are two factors each with 3 levels.

Operation research, six operators are to be assigned to five jobs with the ...

six operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. determine the optimal assignment. which operator will have no assignment

What does mean owns real estate in fee simple absolute, If someone owns rea...

If someone owns real estate in fee simple absolute, what does that mean?

Explain efects in the accounts receivable department, Category- 1) Invoi...

Category- 1) Invoice Amount does not agree with check amount 2) Invoice not on record 3) No formal invoice issued 4) Check (payment) not recieved on time 5) Check no

Explain productivity in terms of management, Explain Productivity in terms ...

Explain Productivity in terms of management. Productivity may be defined as the ratio in between output and input. Output implies the amount produced or the no. of items prod

Explain what are the three governmental levels of correction, What are the ...

What are the three governmental levels of correctional systems?

Focused improvement programmes - improving productivity, Focused Improvemen...

Focused Improvement Programmes - Improving Productivity Allan Lawlor (1985), Director of Action Learning Associates (ALA) suggests - based on his experiences in industry 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