Mgmt530 Week1 Caseanalysis
MGMT530 – Conference Decision
Week 1 Case Analysis
1) Define the decision problem?
The decision problem at hand would be how exactly we still continue with the conference at a new location given all the surrounding circumstances due to Hurricane Katrina.
2) What is the general nature of the problem?
The general nature of the problem is that we do not currently have a conference location as we are nearing the eleventh hour due to a hurricane but last minute adjustments would risk losing users and customers because of the potential higher costs.
3) What event triggered the situation?
Hurricane Katrina triggered the situation
4) What are the imposed constraints on the situation?
There are several imposed constraints including the fact that all attendees have prepaid for attendance and if the date is changed many attendees many not attempt to attend for a second time.
5) What are the underlying elements of the problem?
The underlying elements are that the city is being destroyed by a natural disaster, but the accounting system still needs to generate positive growth/profit.
6) Describe the dependencies on other decisions?
Conference attendance is dependent upon finding a safe venue of equal value without losing a large profit from the company; company profit is dependent upon potential new customers who will attend the conference; (seeing as the conference organizers have worked with the local visitor’s bureau, thus the company is located in or near New Orleans, LA) the future of the company may be dependent upon the overall destruction of the city by this terrible storm
Week 1 Case Analysis
1) Define the decision problem?
The decision problem at hand would be how exactly we still continue with the conference at a new location given all the surrounding circumstances due to Hurricane Katrina.
2) What is the general nature of the problem?
The general nature of the problem is that we do not currently have a conference location as we are nearing the eleventh hour due to a hurricane but last minute adjustments would risk losing users and customers because of the potential higher costs.
3) What event triggered the situation?
Hurricane Katrina triggered the situation
4) What are the imposed constraints on the situation?
There are several imposed constraints including the fact that all attendees have prepaid for attendance and if the date is changed many attendees many not attempt to attend for a second time.
5) What are the underlying elements of the problem?
The underlying elements are that the city is being destroyed by a natural disaster, but the accounting system still needs to generate positive growth/profit.
6) Describe the dependencies on other decisions?
Conference attendance is dependent upon finding a safe venue of equal value without losing a large profit from the company; company profit is dependent upon potential new customers who will attend the conference; (seeing as the conference organizers have worked with the local visitor’s bureau, thus the company is located in or near New Orleans, LA) the future of the company may be dependent upon the overall destruction of the city by this terrible storm