Subject Code:\tMBA503
\nSubject Name:\tOperations Management and Decision-Making Models
\nOperations management is the field of management that focuses on the design, operation, and improvement of the systems that produce and deliver a company’s goods or services. Decision-making is a key aspect of operations management, as managers must constantly make decisions about how to allocate resources, adjust processes, and respond to changes in the market or within the organization.<\/p>\n
There are many different decision-making models that can be used in operations management. Some common ones include:<\/p>\n
The rational decision-making model: This model assumes that individuals make decisions by considering all available options and choosing the one that is most logical or rational based on their goals and constraints.<\/p>\n
The bounded rationality model: This model recognizes that individuals are limited by their cognitive abilities and the amount of information they have available, so they may not be able to consider all options when making a decision. Instead, they may use heuristics or mental shortcuts to make a decision quickly.<\/p>\n
The intuitive decision-making model: This model suggests that individuals can make quick and effective decisions based on their experience and expertise, rather than relying on a formal decision-making process.<\/p>\n
The multi-criteria decision-making model: This model involves considering multiple criteria when making a decision, rather than just one. This can be helpful in situations where there is no clear “best” option, and trade-offs must be made between different objectives.<\/p>\n
The scenario planning model: This model involves creating and analyzing different possible futures, or scenarios, to help managers anticipate and prepare for different outcomes.<\/p>\n
Ultimately, the decision-making model that is used will depend on the specific situation and the resources available to the decision-maker.
\nAssessment Title:\tDiscussion Forums
\nAssessment Type:
\nLength:\tIndividual online tasks
\n500 words per post and 500 words of reflection
\n(+\/- 10% allowable range)
\nWeighting:\t30%
\nTotal Marks:
\nSubmission:\t100
\nOnline
\nDue Date:\tWeek 7-10
\nYour task
\nIndividually, you are required to respond to the forum scenarios posted in weeks 7, 8 and 9 via MyKBS
\nand prepare a 500 word written reflection.
\nAssessment Description.
\nIn this Individual assessment, students will be given an opportunity to explain operational strategies and
\ndemonstrate the skills needed to build effective supply and logistics systems that support desired
\nbusiness outcomes, such as analysing internal and external forces that impact business operations and
\nutilise conceptual models to determine the ethical implications of day-to-day and strategic decisions. This
\nassessment will also allow you to evaluate the effectiveness of operating data about sales, costs and
\nfinance in directing the activities of an organisation.
\nAssessment Instructions
\nFor this assessment, students need to respond to the scenario posted in the \u201cForum\u201d section of the
\nMyKBS. To find these scenarios:
\n\u2022 Log onto the MyKBS and go to this subject. Click on the \u201cSubject Resources\u201d tab
\n\u2022 Go to the weekly resource tab (7, 8 and 9)
\n\u2022 Click on the \u201cForum\u201d tab and click on the \u201cDiscuss\u201d icon. You will then find the scenario for that
\nweek.
\n\u2022 You need to make one post for each week (three posts in total) in response to the scenario
\ngiven for each week by Sunday of the respective week\u2013 7, 8 and 9
\nAfter these three postings, you need to choose one of the weeks (either 7, 8 or 9), read the stream
\nof other students\u2019 forum posts and prepare a 500-word reflection to be submitted. Your reflection
\nneeds to be in response to and build upon the postings of other students and you need to include
\nin your reflection at least 3 other posts. This needs to be submitted by Monday, Week 10.
\nLate assignment submission penalties
\nNo late submission is allowed. For Special Consideration requests, you can review KBS\u2019s Assessment Policy via
\nthe following link: https:\/\/www.kbs.edu.au\/about-us\/school-policies
\nAssessment Information
\nCOMMONWEALTH OF AUSTRALIA Copyright Regulations 1969
\nThis material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (\u2018Act\u2019). The material in this communication may be subject to copyright under the Act. Any
\nfurther reproduction or communication of this material by you may be the subject of copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School
\nPty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B.
\nImportant Study Information
\nAcademic Integrity Policy
\nKBS values academic integrity. All students must understand the meaning and consequences of
\ncheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
\nWhat is academic integrity and misconduct?
\nWhat are the penalties for academic misconduct?
\nWhat are the late penalties?
\nHow can I appeal my grade?
\nClick here for answers to these questions:
\nhttps:\/\/www.kbs.edu.au\/about-us\/school-policies
\nWord Limits for Written Assessments
\nSubmissions that exceed the word limit by more than 10% will cease to be marked from the point at
\nwhich that limit is exceeded.
\nStudy Helpance
\nStudents may seek study Helpance from their local Academic Learning Advisor or refer to the
\nresources on the MyKBS Academic Success Centre page. Click here for this information.
\nCOMMONWEALTH OF AUSTRALIA Copyright Regulations 1969
\nThis material has been reproduced and communicated to you by or on behalf of Kaplan Business School pursuant to Part VB of the Copyright Act 1968 (\u2018Act\u2019). The material in this communication may be subject to copyright under the Act. Any further reproduction or communication of this material by you may be the subject
\nof copyright protection under the Act. Kaplan Business School is a part of Kaplan Inc., a leading global provider of educational services. Kaplan Business School Pty Ltd ABN 86 098 181 947 is a registered higher education provider CRICOS Provider Code 02426B.
\nMBA503 Assessment 2 Marking Rubric \u2013 Discussion Forum 30%<\/p>\n
Marking
\nCriteria (__100)\tF (Fail)
\n0 \u2013 49%\tP (Pass)
\n50 \u2013 64%\tC (Credit)
\n65 \u2013 74%\tD (Distinction)
\n75 \u2013 84%\tHD (High Distinction)
\n85 -100%
\nTimeliness of
\npostings and
\nfrequency of
\npostings
\n__\/10 marks\tDoes not post the
\ndiscussion forum
\nresponding appropriately to
\nthe scenario.\tPosts response to the
\ndiscussion forum scenario
\nSome effort to monitor the
\ndiscussion on the forum\u2014each
\nposting made within the
\ntimelines.\tPosts response to the
\ndiscussion forum scenario with
\nappropriate research Some
\neffort to monitor the discussion
\non the forum\u2014each posting
\nmade within the timelines.\tPosts response to the
\ndiscussion forum scenario with
\nappropriate research and
\ngreater depth of discussion.
\nEach posting made within the
\ntimelines\tConsistently posts response to
\nthe discussion forum scenario
\nwith appropriate research and
\nexcellent depth of discussion.
\nEach posting made within the
\ntimelines
\nQuality of postings
\n__\/50 marks\tYour postings are very
\npoorly written and\/or
\nincomplete. What is written
\nis difficult to understand
\nand inaccurate. Minimal or
\nno effort made.\tYour postings are poorly
\nwritten; they indicated a basic
\nunderstanding of the course
\ninformation. Some effort made
\nto respond to the comments of
\nother students. Statements are
\naccurate but do not add
\nanything notable to the
\ndiscussion. Indicate minimal
\neffort\u2014no use of academic
\nreferences to support
\nstatements.\tYour postings are clearly
\nwritten and indicate some
\nreflection by the students.
\nSome analysis included but
\nnot strongly developed. Builds
\nin a considered fashion the
\ndiscussion. Postings all
\nindicated analytical skills.
\nPostings indicate an
\nunderstanding of the topic (sample nursing essay examples by the best nursing assignment writing service)
\nbeing discussed. Minimal or no
\nacademic sources are
\nincluded and appropriate to
\nthe discussion.\tYour postings are very well
\nwritten, considered and
\nthoughtful. Clearly articulated
\nresponses to questions involving
\nargument and discussion. Builds
\nin a meaningful and considered
\nfashion the discussion. Postings
\nall demonstrate analytical skills
\nand an in-depth and insightful
\nunderstanding of the topic (sample nursing essay examples by the best nursing assignment writing service).
\nAcademic sources are included
\nand appropriate to the
\ndiscussion. An effort made to
\nbuild other students \u2018postings.\tYour postings are exceptionally
\nwell written, considered and
\nthoughtful. Clearly articulated
\nresponses to questions
\ninvolving argument and
\ndiscussion. Builds in a
\nmeaningful and<\/p>\n","protected":false},"excerpt":{"rendered":"
Subject Code: MBA503 Subject Name: Operations Management and Decision-Making Models Operations management is the field of management that focuses on the design, operation, and improvement of the systems that produce and deliver a company’s goods or services. Decision-making is a key aspect of operations management, as managers must constantly make decisions about how to allocate […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9022,8197,7603,7606,7414,5196],"tags":[],"class_list":["post-117149","post","type-post","status-publish","format-standard","hentry","category-assessment-assignment-help","category-assessment-assignment-help-uk","category-assessment-brief-assignment-help","category-assessment-task-assignment-help","category-management-essay-writers","category-management-homework-help"],"_links":{"self":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts\/117149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/comments?post=117149"}],"version-history":[{"count":0,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/posts\/117149\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/media?parent=117149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/categories?post=117149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.colapapers.com\/assessments\/wp-json\/wp\/v2\/tags?post=117149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}