Question: Read the chapter - Module -A decision-making tool, from the book Operations Management 12th Edition or 10th edition. The chapter discusses about various decision-making tools
Read the chapter - Module -A decision-making tool, from the book Operations Management 12th Edition or 10th edition.
The chapter discusses about various decision-making tools such as decision tree. The assignment is to Create a decision tree of a real-life problem- The real-life problem is: There is a shortage of fabric so production order to the retailer will be 40% short. What will your decision tree look like?
After answering the above question, Read the chapter - module F- Simulation from the book Operations Management 12th edition or 10th edition, which discusses about different types of simulation processes. The assignment is to create the simulation of the problem solved above (Decision tree of a shortage of fabric so production order to the retailer will be 40% short) - can be an Infographic or equation using your solution strategy steps. Be creative!
You can access outside content and refer to other websites too, we had to read the chapter I mentioned above and do this assignment which is related to the chapter.
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