Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Construct a stock and flow model from the following description of a service industry company. Specify the stock equation (there is no need to document
Construct a stock and flow model from the following description of a service industry company. Specify the stock equation (there is no need to document equations for flows or auxiliaries), and clearly show the link polarities, and feedbacks, on the diagram. - Customer Orders increases the Service Backlog (Stock), while Order Fulfillment decreases the Service Backlog - An increase in Service Backlog leads to an increase in Desired Service Capacity. - An increase in Service Standard leads to an increase in Desired Service Capacity - An increase in Desired Service Capacity leads to an increase in Work Pressure. - An increase in Work Pressure leads to: (1) a reduction in Time Per Order, and (2) an increase in Work Intensity. - A reduction in Time Per Order leads to a reduction in Service Standard. A fall in Service Standard leads to a corresponding decline in Time Per Order. - An increase in Time Per Order leads to a reduction in Order Fulfillment. - An increase in Work Intensity leads to (1) an increase in Order Fulfillment and (2) an increase in Fatigue. - An increase in Fatigue leads to a decrease in Order Fulfillment. [12] Based on the stock and flow model in part(a): - Show the following feedback loops on the model: "Goal Erosion", "Burnout", "Corner Cutting", and "Overtime". - Starting with the proposition that the Customer Orders are increasing, confirm the polarity for each of these four loops. [8] What are the advantages of building this feedback model? How can its insights be use to identify ways to improve the Service Industry
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started