Decision Analysis Study
Decision Analysis Study
Decision Analysis Study
Introduction
This paper will Be providinG a memo that includes many Tasks related To project planning and operations management. All memos are present accordingly to the separated tasks discussed. We will be using the case study of “Shuzworld”. As the operations consultant for Shuzworld, we will be following all the tasks and then will provide Recommendations by analyzing the problems given in the task prompts. We will also apply the appropriate decision analysis tool to make reliable and valid Recommendations.
Task 4
Part A
In this task we will be providing whether Shuzworld should build the proposed stand-alone store, the strip mall store, or not proceed with construction, by utilizing the appropriate decision analysis tool. The decision tool we are using for this task is Decision technique analysis.
This technique is used because of its importance. There are two very basic models used for decision analysis - decision tables and decision trees. This module contains a model for a general decision table; a model for entering a decision tree in tabular form; an exciting, new model with a graphical user interface for decision trees; and a model for creating a decision table for demand/supply or one period inventory situations. The decision tree model presented is important it shows the validity of the project. It is easy to understand the reliability and validity of the project.
Other techniques such as short-term scheduling techniques, linear programming, PERT diagrams are important but for this task particularly the decision tree model is more reliable because other techniques are used for determining and evaluating the inventory for the company or the short term projects. As this tasks invlolves Shuzworld new project's projection which is for long term. For this reason we are using Decision tree modeling for this Task 1.
The Decision Table Model
The decision table can be used to find the expected Value,
Decision Analysis Study
Introduction
This paper will Be providinG a memo that includes many Tasks related To project planning and operations management. All memos are present accordingly to the separated tasks discussed. We will be using the case study of “Shuzworld”. As the operations consultant for Shuzworld, we will be following all the tasks and then will provide Recommendations by analyzing the problems given in the task prompts. We will also apply the appropriate decision analysis tool to make reliable and valid Recommendations.
Task 4
Part A
In this task we will be providing whether Shuzworld should build the proposed stand-alone store, the strip mall store, or not proceed with construction, by utilizing the appropriate decision analysis tool. The decision tool we are using for this task is Decision technique analysis.
This technique is used because of its importance. There are two very basic models used for decision analysis - decision tables and decision trees. This module contains a model for a general decision table; a model for entering a decision tree in tabular form; an exciting, new model with a graphical user interface for decision trees; and a model for creating a decision table for demand/supply or one period inventory situations. The decision tree model presented is important it shows the validity of the project. It is easy to understand the reliability and validity of the project.
Other techniques such as short-term scheduling techniques, linear programming, PERT diagrams are important but for this task particularly the decision tree model is more reliable because other techniques are used for determining and evaluating the inventory for the company or the short term projects. As this tasks invlolves Shuzworld new project's projection which is for long term. For this reason we are using Decision tree modeling for this Task 1.
The Decision Table Model
The decision table can be used to find the expected Value,