Read full document

Week 1 Case Study

Page 1 of 1
1. Define the decision problem.
: The decision problem is that Hurricane Katrina has struck Louisiana now there is no location to have the conference. 2. As part of defining the decision problem, the following questions should be addressed: * What is the general nature of the problem?

* What event triggered the situation?
* Are we imposing any constraints on the situation?
* What are the underlying elements of the problem?
* Are there dependencies on other decisions?
What is the general nature of the problem?
: The general nature of the problem is that we don’t have a location for the conference, now we have to see if we should go on with the conference at another location, and if you choose another location you might run into the problem of people not being able to attend. What event triggered the situation?

The event that triggered the situation was Hurricane Katrina. Are we imposing any constraints on the situation?
We are imposing constraints on the situation. Time would be one constraint because we don’t have the time needed to make the changes that are needed. Availability would be another constraint. We are not sure if the people are going to be able to attend the conference if the date changes, or at another location. The people may not be able to pay higher prices (hotel, different location) due to the short notice. With that being said, Finances would be another constraint. What are the underlying elements of the problem?

There will be some increase in cost due to things being changed last minute, are the people still going to be able to come to the conference, having the conference in a different town, and on the same date as planned. Are there dependencies on other decisions?

Yes, there are dependencies on other decisions.

Rate this document

What do you think about the quality of this document?

Share this document

Let your classmates know about this document and more at Studymode.com