1 MGTC 319 Decision Making in the Business Environment Week 2 Assignments Reading and Research: Putting DMAIC of Six Sigma in practice - Sanders, Matthew; Prior, Alex, International Journal of Business and Social Science2. 5 (Mar 2011). (Libguide, Journal ArticlesTab) o DMAIC of Six Sigma in practice link Quality function deployment - Zairi, Mohamed; Youssef, Mohamed A. The International Journal of Quality & Reliability Management12. 6 (1995): 9. o Quality function deployment link Assignment 2.1: Due Fifth Day of the Week (Midnight CST) (10 Points) Select an article related to either data collection and data analysis or the importance of validating the data using a technique such as Six Sigma DMAIC Methodology. Resources contained in the Bellevue University Online Library Database System are highly recommended. After reading through the article, review the article using the following format with the headings indicated in bold below: 1. Citation: Rhode, D. L., & Luban, D. J. (Eds.). (2006). Legal Ethics: Law Stories. New York, New York: Foundation Press 2. Summary: The article should be summarized (using your own words) in two to three paragraphs and focus on the author's main points. 3. Critique: In two to three paragraphs, explain how the article influenced your understanding of the topic. 4. Application: In two to three paragraphs, discuss how you will apply what you have learned from the article in a professional setting. How does the article relate to real world applications or your business? Include how you might share information in the article with your colleagues or supervisor? In addition, please indicate how would this information change the way you approach a situation, project, or discussion related to this topic at work? What did you find interesting or insightful? Post this assignment to the Discussion Board. By the end of the week, post at least one response to one of your peers' posting. Responses should be substantive - state and support your response on their posting. A response such as \"I agree\" will not meet the assignment criteria. Each response should be a minimum of ten (10) well-structured sentences and posted as a \"reply\" to the original assignment posting. Your response posts are due on the seventh day of the week. 2 MGTC 319 Decision Making in the Business Environment Assignment 2.2: Due Fifth Day of the Week (Midnight CST) (10 Points) Submit this assignment through the direct link, located within the Assignments Folder. Part A: You are provided two different business settings below. Select one of these business settings and define and describe the data required for addressing the question that is being asked. As part of your submission, please define the problem being addressed in the setting and why you collected the data that you collected. Business Settings Business Setting 1: Many retail stores, such as grocery stores and discount stores, experience long lines during peak periods of the day. The problem is noticeably worse on certain days of the week, such as weekends and before holidays, or will there are sales promotions. There are usually enough workers on the job to open all cash registers. The problem is knowing when to call some of the workers who are performing other activities, such as stocking shelves or helping customers in the store itself, to the front to work the checkout counters. What type of data would be needed to facilitate good decisions here? Business Setting 2: For the past year, you have consistently been short of cash at the end of the month. Prior to one year ago, you always had enough cash. However this is no longer the case. Now you are usually short at the end of the month. As a result you are only making partial payments on your credit card obligations or are making payments late, hence incurring late fees. You want to prepare a budget for the next six months that with the objective of being able to meet your monthly financial obligations each month. Part B: You are provided two problem settings below, along with the data that was collected to analyze each of the problem settings. For each of the settings and accompanying data sets, evaluate the data that was collected relative to the problem setting. Evaluate whether the data collected was appropriate and representative of the information that is needed to analyze the problem presented in the problem setting. Business Settings and Collected Data Setting 1: You are going to sell your house. You are determining what the price should be. To help you, you have collected information of houses that have sold in your neighborhood during the past eighteen months. You checked houses within a four mile radius and here is the information you collected. You are going to base your determination of the price of your house based on 3 MGTC 319 Decision Making in the Business Environment the following information. Evaluate and discuss whether the data collected was appropriate and representative of the information that is needed to analyze the problem presented in the problem setting. House 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 House Age 33 32 32 32 33 34 31 30 28 29 31 32 33 34 35 Square Feet 1812 1915 1840 1832 1851 2032 1755 1805 1900 1485 1525 1515 1685 1600 1650 Selling Price $190,000 $205,200 $194,000 $192,000 $202,000 $208,600 $188,200 $205,000 $215,000 $192,000 $195,000 $192,200 $201,300 $205,400 $218,000 Setting 2: You are going to set your budget for your utility (gas/water/sewer and electricity) expenses for the next year. You have recorded your utility expenses for the past year. That information is provided below. Evaluate and discuss whether the data collected was appropriate and representative of the information that is needed to analyze the problem presented in the problem setting. Utilities Period Mar, 2011 Apr, 2011 May, 2011 Jun, 2011 Jul, 2011 Aug, 2011 Sep, 2011 Oct, 2011 Nov, 2011 Dec, 2011 Jan, 2012 Feb, 2012 Mar, 2012 Gas, Water, Sewer 125.47 70.89 72.58 80.91 66.08 84.58 80.39 88.12 86.5 130.06 131.34 121.2 98.96 Electricity 65.68 61.5 59.93 72.17 101.35 118.04 80.07 60.76 58.7 70.22 65.5 67.71 67.99