PROBLEM SOLVING QUESTIONS (4 points per question) 1. Below are the 2007 and 2008 year-end balance sheets for Tran Enterprises: Assets: 2008 2007 Cash $ 200‚000 $ 170‚000 Accounts receivable 864‚000 700‚000 Inventories 2‚000‚000 1‚400‚000 Total current assets $3‚064‚000 $2‚270‚000 Net fixed assets 6‚000‚000 5‚600‚000 Total assets $9‚064‚000 $7‚870‚000 Liabilities and equity: Accounts payable $1‚400‚000 $1‚090‚000 Notes payable 1‚600‚000 1‚800‚000 Total current liabilities
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and a problem. * A symptom is the effect caused by the problem while the problem is the reason causing the symptom. Problem is used with the intention of finding solution to it while symptom assists to recognize the problem. Would you classify excessive employee absenteeism as a symptom or a problem? Discuss. * I think absenteeism is a problem because it can be caused by some reasons. And those reasons are the symptom. For example‚ an employee is absent because he is sick. The problem is that
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steps in problem solving. Give a practical example of how you could apply these seven steps in making a decision and solving a problem. The goal of a good problem-solving process is to make individuals and organizations more "conflict-friendly" and "conflict-competent". Understand the interests of everyone involved so that solution(s) are satisfying to all parties. The seven steps to problem solving and effective decision-making are: 1. Identify and clearly define the problem. Problems are obstacles
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To investigate the problem in question I will use the steps suggested in this week’s material in order to refine the problem. Step one- Working Out the Details‚ it will be important to ask myself questions such as‚ how fair is the treatment received from this co-worker? How fair is the treatment received from the supervisor and company overall? Who could I have talked to about the problem? Do I have witnesses to collaborate my story? Do I have evidence to help me support my testimony? Is there anyone
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Home [pic]http://jayhanson.us/america.htm [pic] Decision Making and Problem Solving by Herbert A. Simon and Associates Associates: George B. Dantzig‚ Robin Hogarth‚ Charles R. Piott‚ Howard Raiffa‚ Thomas C. Schelling‚ Kennth A. Shepsle‚ Richard Thaier‚ Amos Tversky‚ and Sidney Winter. Simon was educated in political science at the University of Chicago (B.A.‚ 1936‚ Ph.D.‚ 1943). He has held research and faculty positions at the University of California (Berkeley)‚ Illinois Institute of Technology
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COURSE TEMPLATE 1. Course information 1.1 Course number 1.2 Course Title 1.3. L-T-P structure MEL342 POWER PLANT TECHNOLOGIES 3-0-2 1.4 Status DE for ME1‚ OC for others 1.5 Pre-requisites MEL242 (Energy Conversion) & AML140 (Mechanics of Fluids) 1.6 Course coordinator Sunil R. Kale 2. 2.1 Credits 4 Schedule Lectures Tu‚ Th & F 11 to 11:50 AM Video Studio (G.F.‚ MS Bldg) via NKN to IIT Mandi and IIT Ropar 2.3 Practicals
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Chuck Jones aimed to have a new design decision process supported by data and surveys instead of a return or payoff on the investment approach. At first when he presented his idea‚ authorities requested poof and Mr. Jones was unable to show them proof. Then M. Jones started his process. 1. As a first step‚ he surveyed 15 "design-centric" companies‚ including BMW‚ Nike‚ and Nokia. To his surprise‚ few had a system for forecasting return on design 2. Mr. Jones needed to provide a new plan to focus
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they become more togetherness. In this essay‚ it will describe teamwork experience in Writing course and analyses problems and the solutions that the teamwork met. In the writing course‚ there was an assignment to let the group to discussion and completed it in limiting time. The students who in this group come from different country and the members didn’t know mutually. One of the problems with the teamwork is‚ however‚ that a lack of communication can happen. For example‚ the students have their own
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Cruise Management - CRMT301 FUN FOR ALL ALL FOR FUN! Course: Cruise Management‚ CRMT301 Course Lecture: Giselle Hahn Walsh Due Date: 06.05.14 Karin Olsson‚ 000001307 Rocky Mardini‚ 000001299 Houman Ali‚ 000001386 Sophie Peerdeman‚ 000001387 Executive Summary The business plan is based on a new software called Smartbooth and we intent in incorporating with the Carnival Cruise Lines (CCL) cruise ships. In the past few years there has been
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EMSE 269 - Elements of Problem Solving and Decision Making EXTRA PROBLEM 6: SOLVING DECISION TREES Read the following decision problem and answer the questions below. A manufacturer produces items that have a probability p of being defective. These items are formed into batches of 150. Past experience indicates that some (batches) are of good quality (i.e. p=0.05) and others are of bad quality (i.e. p=0.25). Furthermore‚ 80% of the batches produced are of good quality and 20% of the batches are
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