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OM 305 G  S23
Operations Management
Test 1 Material 

 

Quiz 1 (in class): enter answers on 9/24/24.

Closed notes.

Test 1 (in class) enter answers on 10/1/24. Open notes. 

Appropriateness

Acccessibility

Availability

Affordability

Based on facts and verifiable evidence (no opinions, please answer this question: Who  is the "Useful Idiot"?  Is it Mr. Kisin or the Environmentalist Greta Thunberg?

Definitions of an Useful Idiot:

In political jargon, a useful idiot is a term currently used to reference a person perceived as propagandizing for a cause—particularly a bad cause originating from a devious, ruthless source—without fully comprehending the cause's goals, and who is cynically being used by the cause's leaders.

 

A naive or credulous person who can be manipulated or exploited to advance a cause or political agenda

https://www.merriam-webster.com/dictionary/useful%20idiot

OM 305 Test 1 S23 Th

The Analytical Process Flow:

1.Specify the dependent variable (one question that you will answer). For example: If the position is to "Do nothing" what will be the impact on the shareholders and the stakeholders. Conversely, if the position is to switch to renewable energy, what will be the impact on the shareholders and stakeholders.

2. Define the rules (what is the step-by-step methodology that you plan to follow.

3. Define the key independent variables (the drivers of the decision).

4. Use the provided Strawman to fine-tune your model.

5. Collect relevant facts (not opinions, believes, preferences, etc.). Consider the; volume, velocity, variety, and veracity of data that you plan to use.

6. Populate the model with your data.

7. Exercise your model (what-if analysis) to identify possible options.

8. Identify the best option.

9. Draw your conclusion (answer the question that was asked)

Click below to listen to these two speeches

Aditional References:

The Powerpoint version of the text.

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