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MGT613 GDB Solution & Discussion Due Date Nov 13, 2015

MGT613 - Production / Operations Management GDB No. 01 Solution Fall 2015 Due Date Nov 13, 2015

Graded Discussion Board

Production/operations management (MGT613)

 

Dear Students!

This is to inform that Graded Discussion Board (GDB) No. 01 will be opened on November 12, 2015 for discussion and last date for posting your discussion will be November 13, 2015.

This Graded Discussion Board will cover first 07 lessons.

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Replies to This Discussion

Please Discuss here about this GDB.Thanks

Our main purpose here discussion not just Solution

We are here with you hands in hands to facilitate your learning and do not appreciate the idea of copying or replicating solutions.

GDB coming on LMS 

lets start discussion !!!

Fall 2015

Graded Discussion Board.01

Production/operations management (MGT613)

Due date: November 13, 2015

Topic: Decision Making

Marks: 5

 

Objective of the activity

The prime focus of above case is to understand the decision making process and to understand the factors that contribute in decision making.

Learning outcomes

After attempting this GDB students will be able to:

It will help us to know what various factors can affect the decision. It will also let us know how a production/operations manager evaluates different dimensions of a decision.

The premise

Decision making is one of the keys responsibilities that a manger performs at his job. While taking a decision a manager has to propose a viable solution based on certain criteria that include cost, profits, return on investment (ROI) productivity, risk and company image, keeping in mind whether the product will fail or become a success story.

The CEO of a car manufacturing company has asked the SVP Operations to decide to introduce a new car model. The upcoming model is expected to affect the company in following ways:

•           Cost decrease by 10%

•           Profits increase by 3%

•           ROI stayed the same

•           Productivity decrease by 4%

•           Risk increased by 4%

•           The company image & demand both may go up or down in the long run

 

Questions:

1.         Analyzing the above information, would you recommend launching the new car   model?

2.         Do you think the above mentioned factors alone represent the overall picture for    launching the new car model?

(2.5 Marks each)

Note:

Students are advised to write a comprehensive but concise answer. The evaluation will not be done on the basis of length of answer rather the quality of arguments. For acquiring the relevant knowledge, do not rely only on handouts but watch the course video lectures and read additional material available online or in any other mode.

Important Instructions:

  • Your discussion must be based on logical facts.
  • The GDB will open and close at above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB.
  • Use the font style “Times New Roman” and font size “12”.
  • Your answer should be relevant to the topic i.e. clear and concise.
  • Do not copy or exchange your answer with other students. Two identical / copied comments will be marked Zero (0) and may damage your grade in the course.
  • Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references.
  • You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed.
  • Obnoxious or ignoble answer should be strictly avoided.
  • You cannot participate in the discussion after the due date via email.
  • Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.
  • For planning your semester activities in an organized manner, you are advised to view schedule of upcoming Assignments, Quizzes and GDBs in the overview tab of the course website on VU-LMS.

 

upload ur opinioun

Dear Students Don’t wait for solution post your problems here and discuss ... after discussion a perfect solution will come in a result. So, Start it now, replies here give your comments according to your knowledge and understandings....

Questions:

1.         Analyzing the above information, would you recommend launching the new car   model?

my answer is no bcz the profit is very low and the risk is high so i don't launch the new car model.

2.         Do you think the above mentioned factors alone represent the overall picture for    launching the new car model?

my answer is no its not the over all picture to launch the new car model they need in all details process then they will  be become the over all picture.



Agree Yours Answer Aniqa............

A. As a risk averse person I will forego this project
As a risk taker I will go for it


B. These factors do not represent the overall picture, most of the time, the decisions is based upon important factors like 
• ROI
• Productivity
• Utilization of available resources
• Profit and cost
• Currency exchange rate volatality
These are all in line with operational strategies as well as mapping of an 
Organization with its customer and competitive environment.

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