SWOT, in design process, stands for Seeking Ways Out Together. The basic structure of decision making must end by clarifying the issue that needs a satisfactory solution. True or False?
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SWOT, in design process, stands for Seeking Ways Out Together.
The basic structure of decision making must end by clarifying the issue that needs a satisfactory solution.
True or False?
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- Defining the ideal or future state in the decision making process is typically the most challengoing part of the process. True or false?1. Given the decision tree below, solve the decision-making problem. A EMV 2 crash EMV 3 normal EMV 3 B -1,125 No delay (0.4) Minor hurricane 5-day delay (0.5) C Major hurricane 10-day delay (0.1) D -0.0 crash EMV 1 normal crash EMV 2 Provide your answers below. a) Find EMV 1, 2, and 3. Show your solutions in the table below. EMV 1 normal E F Save 1 day (0.5) Save 2 days (0.3) Save 3 days (0.2) -2000 Save 2 days (0.7) Save 3 days (0.2) Save 5 days (0.1) -5000 b) Given the calculated EMV 3, what is the best option-crash or normal? Discuss why? -2400 -1800 -1200 -6200 -5400 -4600Exercise 4: Ethics in Decision Making Assume that you are the chairman of the Department of Accountancy at Mountain State University. One of the accounting professors in your department, Dr. Cruz, has been consistently and uniformly regarded by students as an awful teacher for more than 10 years. Other accounting professors within your department have observed Dr. Cruz's classroom teacher and they concur that his teaching skills are very poor. However, Dr. Cruz was granted tenure 12 years ago, thereby ensuring him life-long job security at Mountain State University. Much to your surprise, today you received a phone call from an accounting professor at University of Eastern Philippines. During this phone call you are informed that the University is on the verge of making a job offer to Dr. Cruz. However, before extending the job offer, the faculty at the University wants your input regarding Dr. Cruz's teaching effectiveness while at Mountain State University. Required: How would you…
- Why is it important for those who will be involved in implementation to understand and accept the solution to the problem? (Our subject Is engineering management and the topic is DECISION MAKING)In essay form, Explain the advantages and disadvantages of a decision tree.Maha is involved in making an important decision regarding the purchase of new equipment for her company's only manufacturing plant. She has just identified several alternative possibilities that will solve the problem that is facing her. What should she do next O a. Identify alternatives O b. Select the best alternative O c. Evaluate the alternatives O d. Implement the chosen alternative
- Answer the questions below in a Microsoft® Word document and save the file on your computer with your last name in the file. (Example: module_01_projects_Jones.doc) Identify three applications of information systems at the college or the university that you are attending. Write a one-page paper that describes these three applications, and provide an example of the type of decisions that are being improved by each application. How are multiple-choice and true-false questions graded? Grocery chains have been using information technologies for several decades. After reading the information presented in this module and other sources, write a one-page paper that describes three such technologies. What are two advantages of a POS system? RFID tags are being increasingly used by companies such as Macy’s, Walmart, and Home Depot. Identify an additional company that uses RFIDs and write a one-page paper that describes the company’s specific application of RFIDs. What are two differences…Is the following statement correct? Vertical integration is the process of a company expanding its operations either backward into an industry that produces inputs for the company’s products, such as raw materials or product components. For example, producing car batteries is an input of the automotive industry but can also be integrated vertically. Vertical integration can also be done forward into an industry that uses, distributes, or sells the company's products and it moves to the final delivery of the product to the customer. The parallel shifts from car ownership to the mobility of demands change the automotive industry. Car manufacturers test different business models, such as car sharing, in order to morph into mobility providers which is a typical forward integration strategy. Please choose an answer: True Not correctThe Selection Committee of the Atlas University of Engineering reviewed 35 applications for the Head of Metallurgy Department position. After two rounds of eliminations, the top three candidates were invited for the final interviews in which the Committee met with each candidate for one hour. The top three candidates were then invited to the campus to meet and exchange views with the key faculty members and the students’ representatives. The Committee finally recommended the selection of Dr. Jamil Ahmed, who has a doctorate in Metallurgy from a prestigious university. As Secretary of the Selection Committee, you are required to write a letter of about 150 – 200 words, which will be sent to the candidates who were eliminated in the first two rounds, advising them that they will not be receiving employment offers. This letter should be addressed to: Mr. XYZ Plot No. F- 4000 North Nazimabad, Block 5 Karachi – 12345 Note: Assume your name is Khan Ali, Manager HR. Follow the indirect…
- In his book 'Blink', Gladwell described examples of situations when System 1 snap intuitive judgements can be more accurate than System 2 decisions? Detail 2 examples of such judgements from his book. Should one always trust intuition more than we trust our rational thinking? Or should one trust system 2 more in most other life and work situations?Read the scenario and then, using the table (if you prefer) , tell us the pros and cons for each of the options (A,B,&C) from both the customer and salesperson's perspective while considering the circumstances. Pros - Customer & Salesperson Perspective Cons - Customer & Salesperson Perspective option A Customer: Salesperson: Customer: Salesperson: Option B Customer: Salesperson: Customer: Salesperson: Option C Customer: Salesperson: Customer: Salesperson:Decisions that have long-range perspectives of two to five years and affect the entire organization are a.operational decisions. b.strategic decisions. c.programmed decisions. d.tactical decisions.