Managerial Decision Methods
Case Study --------Tasty Snax Cookie Company
Group member:
Dennis Debosschere, Wenzhu Jiang, Yiwei Song,
Bavo Van Kerrebroeck, Rui Yan, Jingyuan Zhang
Q1, Draw a network for the project described in the case.
Q2:
How long will the project take to complete? And which activities are critical? After drawing the structure of project plan, we have to research the duration while the project take to complete. We will find the activities that must be completed on time for the project to complete on due date.
We know all of activities’ required time and immediate predecessors, finding out the longest sequences of activities in a project plan. For
example, from the started point of A1, its
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What will it cost to shorten the project by as many weeks as possible?
The project can be shortened by 6 weeks maximum.
Based on the crash time for 6 activities (A3 A4 A7and B2 B5 B6), we can come up with the new numbers of weeks that each activity needs.
According to the critical path we already found, we could see that B9 is an important activity. Once it was changed, B6 changed. So we also need
to find how A5 B3 B8 changed.
The crash of B5, B6 leaded to the change of A4 and A5 (17,21), so the crash of A3 is invalid; The crash of B2 leaded to the change of C5, so B8 became (18,22); B2 changed B3 to (11.21). Then the time of B9 changed to (22,30). Since the earliest time for B9 is 22 anyway, and we crashed
B5, B6 for one week each to make it’s final time 21, we could cancel
B6’s crash for its higher cost.
Then we finally crash A7 for 2 weeks. so the final time for A8 was 46 followed by calculating.
The total cost to shorten the project is
A4+A7+B5+B2
=3900+7000+1700+3200=15800
Conclusion: • Since no information is given of normal costs, it is not possible to provide a general evaluation of the budget and crashing cost. • The business cycle traditionally
IgG – funtions in neutralizing, opsonation, compliment activation, antibody dependent cell-mediated cytocity, neonatal immunity, and feedback inhibition of B-cells and found in the blood.
Scenario: John is a 4 year-old boy who was admitted for chemotherapy following diagnosis of acute lymphoblastic leukemia (ALL). He had a white blood cell count of 250,000. Clinical presentation included loss of appetite, easily bruised, gum bleeding, and fatigue. Physical examination revealed marked splenomegaly, pale skin color, temperature of 102°F, and upper abdomen tenderness along with nonspecific arthralgia.
As a member of management Clive Jenkins is responsible for boosting employee morale to ensure that company goals are met
The main purpose or mission of the Greenhill Community Center was to provide human service programs for learning, growth, and enrichment throughout life within an intergenerational setting. The mission seems to fill the need in the demographical setting of the location. The center is located in one of the poorest cities on the East Coast. In the textbook it states a mission as being “the reason an organization exists, and it must be the starting point for its planning.” (Worth, p.172) The mission of the center is very sound, but in the process of hiring a new director, I think the mission focus was lost. I saw a couple of incidences of “mission creep“ in the reading. (Worth, p.173) One being the focus the trustees put on not
A) The weekly budget is formed by only using the early start times of each activity.
(b) Which activities should be crashed to meet a project deadline of 12 days at minimum cost?
The second choice for the alternative design for Dynacorp would be Functional / Product matrix of strategic design. Dynacorp manufactures a range of products in the field of global information systems and communications. Since it has the major functional structures defined such as engineering, manufacturing and marketing, it can be linked to the various products Dynacorp manufactures. This allows comparatively easier transformation from the existing structure.
Scott Starson, a brilliant physicist has been in and out of mental institutions due to his bipolar disorder. He was lastly admitted again after he made death threats to his roommates and was found not criminally responsible for that offense. His physicians suggested different sorts of treatment for his illness. Scott Starson refused to give consent to the treatment for reason that he had a scientific research to finish and he didn’t want the medications to slow him down. His physicians not finding him competent enough to critically make that kind of decision, brought the case
Additionally, as expressed by Rebecca Ratner, Hsieh’s commitment to merging the workplace with social lives could present risk to the company in the form of unprofessional or inappropriate conduct that is not addressed properly.
1. Describe bone physiology and the bone remodeling cycle. Be sure to emphasize the two types of bone tissue and the roles of osteoblasts and osteoclasts.
Incremental cash flows is the difference between the cash flows a company will have if it implements the new project versus the cash flows the company will have if they choose not to embark
Functional magnetic resonance imaging (fMRI) technology would be best reveal the location and extent of damage to Tim’s brain produced by his
Drake, P. (n.d.). What is free cash flow and how do I calculate it? Florida Atlantic University, pp. 1-6. Retrieved from: http://educ.jmu.edu/~drakepp/general/FCF.pdf [Accessed: 6 Aug 2013].
The applicants are morally correct as long as their action promotes their long term interest. If their action produces or will produce for them a greater outcome of good, versus evil in the long hall than any other alternative, than that action is the right one to act on, and the individual should take that to be a moral act. An Assessment of Morality by Ethicsinbusiness.net
From Figure 1, we know that the critical path is Activity 1-2-5-7-10-13-15. It is because if there is any change of time in the Activities on the critical path, the whole progress time of the project will change. Therefore, we choose to crash the activities on the critical path with the lowest crash cost in order to lower the time used with minimum additional cost. Activity 7 has the lowest crash cost within the Activities on the critical path. So, we choose to crash Activity 7 first.