Module 06: Reliability and Decision Theory
In this module, you will learn about the mathematical properties of reliability and the nature of decision theory as it relates to the operation of an organization. While there is some math in this module, it is no more difficult than adding, subtracting, multiplying, and dividing. The results of those calculations provide powerful insight to the reliability of processes to deliver the best solution.
Discussion Question
Question Requirements:
Capacity Planning
Discuss the importance of capacity planning in deciding the number of police officers on duty at any given time. How does capacity decisions influence productivity? Give an example.
Directions:
Discuss the concepts, principles, and theories from your textbook. Cite your textbooks and cite any other sources. Write a discussion that includes an introduction paragraph, the body, and a conclusion paragraph to address the assignment’s guide questions.
Your initial post should address all components of the question with a 600-word limit.
Learning Outcomes
Evaluate the impact of product reliability on the decision-making process of operations management.
Differentiate the environments under which operations decisions are made.
Analyze the techniques that apply to decision making under uncertainty.
Readings
Required:
Chapters 5 & 5S Decision Theory in Operations Management
Recommended: Liao, S., & Liu, Z., (2022). Enterprise financial influencing factors and early warning based on decision model tree. Scientific Programming,2022, 1-8. Kascelan, L., Pejic Bach, M., Rondovic, B., & Durickovic, T. (2020). The interaction between social media, knowledge management and service quality: A decision tree analysis. PLoS ONE, 15(8), 1-30. Dai, D., Wu, X., Si, F., Feng, Z., & Chu, W. (2023). The impact of tariff policies on vaccine supply chains: short-term and evolutionary game behaviors based on uncertain utility. Applied Mathematical Modelling, 115, 754–777. https://doi.org/10.1016/j.apm.2022.11.017
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