Please answer this question Q1. You are the managing director (MD) of ABC Ltd. In order to increase the quantity andquality of production, you plan to automate your assembly line. New machines are bought andinstalled. Training programmes are conducted to train the operators to operate the new machines.Tough technically everything has been installed properly, yet production goes down. You showyour concern over the matter as to why should better production methods and techniques resultin fall in production and set an enquiry. A meeting of managerial heads is called. HR manager,Mr. Chaddha found that workers fear loss of jobs because of increased automation and noadditional financial incentives are offered to them for increased production. According to Mr.Chaddha, low morale of workers is, thus, the reason for low production. You want to solve thisproblem in consultation withyour subordinates.Questions-b) Discuss a situation when you made a decision under i) certainty, ii) uncertainty,iii) a decision with great risk involved, and iv) a decision with no risk involved.

The decisions made by the management should be focused on organizational benefits as well as the…

Mr. Chaddha found that workers fear loss of jobs because of increased automation and n additional financial incentives are offered to them for increased production. According to M Chaddha, low morale of workers is, thus, the reason for low production. You want to solve thi problem in consultation with your subordinates. Questions- b) Discuss a situation when you made a decision under i) certainty, ii) uncertainty, iii) a decision with great risk involved, and iv) a decision with no risk involved.

Mr. Chaddha found that workers fear loss of jobs because of increased automation and n additional financial incentives are offered to them for increased production. According to M Chaddha, low morale of workers is, thus, the reason for low production. You want to solve thi problem in consultation with your subordinates. Questions- b) Discuss a situation when you made a decision under i) certainty, ii) uncertainty, iii) a decision with great risk involved, and iv) a decision with no risk involved.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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