Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Form a team of three to four people. a. At least one person needs to be working at a company 2. Identify one

image text in transcribed

1. Form a team of three to four people. a. At least one person needs to be working at a company 2. Identify one or more areas in the company that is using any aspect of quantitative decision making as related to Operations Research (OR) or Management Science (MS). a. If none of your team members works (worked) in a company, let me know. 3. Does the company have an OR or a business analytics group? 4. Find out and state the below elements at a high level for the problem/area you have chosen to present: a. What is the objective? b. What are the decision variables (what is the management trying to change to meet the objective)? at least the main ones. c. What are the constraints? i. Quantitative ii. Qualitative (if any) d. What has been the input from the marketing or business office in terms of historical data, market research, or the competition? e. What has been the experience of the company with the OR techniques? i. What have they accomplished? ii. If not, what are they doing instead? 6. If the company has not done any quantitative decision making, a. Can you recommend any? b. Do you know why not? i.Lack of skill set? ii.Not knowing of any tools or techniques? iii.They know about the OR tools but they are not confident how to sue them iv.The culture (elaborate)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic management concepts

Authors: Fred david

13th Edition

9780136120988, 136120997, 136120989, 978-0136120995

More Books

Students also viewed these General Management questions

Question

X comany no longer has the space nedssary to produce .

Answered: 1 week ago

Question

(a) Who are the stakeholders in this situation?

Answered: 1 week ago