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Decision Analysis

June 19, 2015 0 Comment

Decision Analysis

This is task 3 in a series of 4 that all rely on the same reading materials, case study and software tools (Excel OM and POM) For this task, T3 the formatting rules are the same I would really like you to label each section of the task exactly as outlined in the example paper structure document and mirroring the section title headings of the assignment evaluation criteria document. Also for any of the analysis tables and/or charts and graphs that you provide in the Excel workbook, I need you label them for the section of the paper they are relevant to i.e. A, A1, A1a, B, B1, B2, C so I can double check the analysis and include additional charts or tables in the final document if I choose to. That output is a necessary part of the assignment. Review all of the attached material for detailed instructions and examples.

I really need you to use the supplied reading materials and have the bulk of the references used coming from those materials. A few others are ok but the bulk should be from the materials supplied. Please reference the study guides to see which chapters are applicable to a given task.
Additional reading materials, video tutorials, and excel OM and POM applications required for this assignment that were too large to attach here were provided via a Dropbox link to the support staff during the Task 1 order. Things specifically like the POM software tool and the videos specific to this assignment that were too large are available there. Let me know via message if you either don’t have or need those files.

For this task, you will use the “Shuzworld” case study attached separately. You will need to read the entire case study to be able to complete this task correctly.
The software tools (Excel OM & POM for Windows) to perform the required decision analysis are also supplied as separate attachments. The software includes multiple decision analysis tools used to complete the tasks and produce the necessary results.

Prepare a memo/report to your boss in which you do the following:

A. Recommend which method (i.e., using reconditioned equipment, purchasing new equipment in its Shanghai plant, or outsourcing to another manufacturing operation) Shuzworld should use for the manufacturing of its sneakers, utilizing the appropriate decision analysis tool.
1. Submit a copy of the output from your decision analysis tool of choice.
a. Explain why you chose the decision analysis tool you used.

B. Develop a sales volume forecast using the least squares method and one other forecasting method.
1. Submit a copy of the output from the decision analysis tools you used.
2. Compare the results between the two methods you used.

C. Discuss how to apply control chart metrics to improve quality in the Shuzworld production line.


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