Chapter 3 – Question 28 (a) Develop a decision table for this decision? Decision Alternatives | Market (‘000) | | Good | Fair | Poor | Small | 50 | 20 | –10 | Medium | 80 | 30 | –20 | Large | 100 | 30 | –40 | Very Large | 300 | 25 | –160 | (b) What is the maximax decision? Decision Alternatives | Market (‘000) | Maximax decision shall be the maximum value of a row/decision alternatives | Maximax Decision Alternative | | Good | Fair | Poor | | | Small
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Maria Obando-Melo Dr.Adams MBA 6205 Assignment 1: Answer questions 7‚ 8‚ and 9 from Chapter 1 pages 17-18‚ and questions 2‚ 3‚ 4‚ 5‚ and 6 from Chapter 2 page 60. Chapter 1 7-Consider a firm redesigning its logistics network. What are the advantages to having a small number of centrally located warehouses? What are the advantages to having a larger number of warehouses closer to the end customer? In redesigning a firm’s logistics network‚ there are several key outcomes to be considered and compared
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DECISION MAKING INTRODUCTION Decision making is an essential aspect of modern management. It is a primary function of management. A manager’s major job is sound/rational decision-making. He takes hundreds of decisions consciously and subconsciously. Decision-making is the key part of manager’s activities. Decisions are important as they determine both managerial and organizational actions. A decision may be defined as "a course of action which is consciously chosen from among a set of alternatives
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PolyU has different MBA and EMBA programs in Hong Kong and China. Create a new MBA program of English version setting up in Shenzhen‚ China. Prepare a program development proposal to the Senior Management of PolyU strategic management approach to evaluate the MBA market in Shenzhen create the values to the stakeholders for this program. A hard copy of this proposal in around 10 pages 2. Key stakeholder and its expectations to this program 2.1 Young professionals In Shenzhen‚ it
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understanding. A self-growth directed person is a man who is not afraid to take risk‚ a man who is not afraid to decide. 2. What is decidophobia? Please give three personal experiences relating to decidophobia. Decidophobia is the fear of making decisions. * WORK VS. SCHOOL Lately‚ I’ve been worrying about my school and work. Im having my 3-week training now at work and my class has already started‚ sad to say I am absent at school for a week and Honestly‚ It’s a big deal for me cause I am
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Decision making‚ something that so simple yet troublesome if we were too careless on doing it. We face decision making almost every day and some of the decision will lead to something that would affect our surroundings. Our strengths and weaknesses can affect how well we can do the decision making. Opportunities and threats also hold great effects on making decision. In this essay‚ I will share some of the factors that affect my ability on making decision as well as the fallacies that made me change
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DECISION TREES DECISION Decision trees may be described as the graphic display of the decision-making process. Let us take for example a situation where one must decide whether to go to a movie house or to stay at home and watch TV or a video tape. State of nature node Branches Good movie Decision node Movies Bad Movie Good program TV New program or cassette Poor program Rerun
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Truman Decision President Harry S. Truman decision to drop atomic bombs on Japan is perhaps the most controversial act of policy in United States history. One of the many different reasons given for the use of this weapon was the shock effect it would produce in the Japanese foreign policy circle. While the shock of the Japanese will be discussed later‚ it is important to note that it had a similar effect on the west. This shock effect has caused countless authors to speculate as to the motivation
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Many of the world’s top managers have one thing in common – they have an MBA. The MBA (Master of Business Administration) is the gold standard for business degrees. There is a huge range of business degrees available‚ including generic ones like Batchelor of Business Administration (BBA) or specialist degrees in areas like Finance or Marketing. However‚ few of these degrees focus on Management‚ or even have any substantial Management content. Most people who work in business start off in a functional
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Introduction An appropriate decision making has played a major role in the success of any business management. The success of the business and projects is depending on the decision making of the management and leadership. Making good decisions is fundamental to obtain a good performance in organisation. There are some decision that make huge consequences that can change the role in the organisations and can changes the process of operation of the companies‚ the choices that the organisations daily
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