Operations Management: Sustainability and Supply Chain Management (12th Edition)
12th Edition
ISBN: 9780134130422
Author: Jay Heizer, Barry Render, Chuck Munson
Publisher: PEARSON
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Question
Chapter A, Problem 2DQ
Summary Introduction
To give: An example of a good decision and a bad decision.
Introduction:
Decision process:
Managers are those who make the critical decisions in an organization. These are managers who must clearly know what decisions to make and what decision-making tools to use.
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Describe one professional experience in which you used evidence as the basis for decision making and one experience in which you made a decision without evidence for support.
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Identify at least one bias that impacts your decision making process.
Discuss what triggered this particular bias and what steps you plan to take it to address it.
Discuss how this bias impacted your decision.
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Briefly explain your or a specific ethical decision-making style based on the five ethical decision-making principles.
Chapter A Solutions
Operations Management: Sustainability and Supply Chain Management (12th Edition)
Ch. A - Prob. 1DQCh. A - Prob. 2DQCh. A - Prob. 3DQCh. A - Prob. 4DQCh. A - Prob. 5DQCh. A - Question: 6. Explain how decision trees might be...Ch. A - Prob. 7DQCh. A - Prob. 8DQCh. A - Question 9. Identify the five steps in analyzing a...Ch. A - Prob. 10DQ
Ch. A - Question 11. The expected value criterion is...Ch. A - Question 12. When are decision trees most useful?Ch. A - Given the following conditional value table,...Ch. A - Prob. 2PCh. A - Prob. 3PCh. A - Jeffrey Helm owns a health and fitness center...Ch. A - Prob. 5PCh. A - Prob. 6PCh. A - Prob. 7PCh. A - Prob. 8PCh. A - Prob. 9PCh. A - Prob. 10PCh. A - The University of Miami bookstore stocks textbooks...Ch. A - Palmer Jam Company is a small manufacturer of...Ch. A - Prob. 13PCh. A - Prob. 14PCh. A - Prob. 21PCh. A - Prob. 22PCh. A - Prob. 23PCh. A - Prob. 24PCh. A - Prob. 25PCh. A - Prob. 26PCh. A - Philip Musa can build either a large video rental...Ch. A - Prob. 28PCh. A - Prob. 29PCh. A - Question A.24 On the opening page of Module A and...Ch. A - Question Warehouse Tenting at the Port of Miami...Ch. A - Question Warehouse Tenting at the Port of Miami...Ch. A - Question Warehouse Tenting at the Port of Miami...
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- What principles form the basis of the rational decision-making model and what are its major dimensions? What is the difference between that and the bounded rational approach to decision-making.arrow_forwardBias in decision-making happens without a thought in most decisions. Identify a recent or current event in which you think bias was evident in the decision-making process surrounding that event.arrow_forwarddescribe an original decision-making scenario that conveys how the heuristic (availiability, representativeness, or confirmation) and associated bias(es) played a part in the outcomearrow_forward
- Consider the decision-making process steps; identify one step, if any, that is more important than the others. Defend the answer. Steps of the decision-making process: Define the real problem after awareness of the symptoms Set criteria for making the decisions while analyzing available information generate relevant alternative solutions to the problem analyze and evaluate these alternatives select the best alternative for a solution implement the chosen alternative monitor and evaluate the decision's effectiveness Please explain in detailarrow_forwardDiscuss the steps in the Problem-Solving Process and explain the steps by providing an example of how a decision-maker uses each step to solve a problem. You may choose a problem of your choice.arrow_forwardA decision-making process can determine the success or failure of an organization, and how well it performs. Explain Decision Making Process in your own words. Additionally, suggest a possible decision-making example in an organization and perform the following steps based on the chosen example: Understand the decision Collect all the information Identify the alternatives Compare the risks and benefits of each solution Select the best alternative Make the decision Evaluate the impact of your decisionarrow_forward
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- Decision-making framework: You will use the DECIDE model to make your decision. The DECIDE model is a six-step decision-making framework that stands for: Define the problem Establish the criteria Consider all the alternatives Identify the best alternative Develop and implement a plan of action Evaluate and monitor the decision Scenario: Imagine that you are the CEO of a small business that sells handmade jewelry. Your business has been growing steadily for the past few years, and you are now considering expanding into a new market. You have narrowed down your options to two cities: New York City and Los Angeles. Instructions: Use the DECIDE model to make a decision about which city to expand into. Be sure to include all of the steps in the DECIDE model in your post. Be as specific as possible when describing your scenario. What are the pros and cons of each city? What are the criteria that you will use to make your decision?arrow_forwardEthical Decision Making. Do you think the decision you made was ethical. Explain with reason. If Not will you make any changes in your decision you made now buy keeping ethical principles in your mind (arrow_forwardHow does decision fatigue affect decision-making patterns? What strategies can individuals employ to combat decision fatigue and make better choices?arrow_forward
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