JET Case Problem Analysis
James, Ernie, and Terri decides to open a business named JET Copies after discovering that they will make nice profits from by establishing a copier business at State University. However, they discover that they have to tackle the problem of machine breakdown after raising loan of $18,000 from Terri's parent. The breakdown if not properly manage will lead to lost of revenue. They decide to buy a smaller version of copier machine for $8,000 to be used as a back up in case of a breakdown of the original machine. Before buying a back-up machine, they decide to estimate the lost revenue if they do not have a backup machine. If the lost revenue within a year is more than $12,000, it will be of a business advantage to purchase a back-up copier machine. (Taylor, 2011).
Objective of this paper is use stimulation model to investigate the lost…...
mlaReference
Taylor, B.W. (2011). Introduction to management science. Upper Saddle River, NJ: Prentice Hall.
Appendices
Appendix 1: Stimulation Results for JET Copies Problem
Cumulative
Golf Technical Problems
Problem Analysis Report
Technical Problems Related to Golf Course, Cross Creek
Sports and games, whether outdoors and indoors, need a good sense of construction and organized planning in order to minimize technical problems and to maximize the benefits of the play. Golf is an outdoor sport that innumerable people like to play and take it either as a constructive and healthy pastime or indulge in the activity to keep them active and energetic round the clock yet while others observe it as a source of interaction and socialization with the people around. Keeping in mind the benefits and personal satisfaction that people extract from this outdoor activity, Cross Creek where I work has a golf course too with me as an avid player. However, recently many of us have observed some major technical problems thereby getting complaints from many of the players around. The purpose of this report is therefore…...
Eastman Kodak: Problem Analysis and ecommendations
Over the last few years, our company has been on a loss making streak. Our sales margins have continued to decrease year after year. This effectively means that we no longer dominate the photographic film marketplace like we used to do just over a decade ago. It is important to note that as our performance (in terms of sales) further declines, our competitors, including but not limited to Fujifilm and Olympus, continue to thrive in the very same market. Where exactly did we go wrong?
Kodak is today making losses today as a result of our inability to embrace change. We are no longer profitable because, unlike our competitors, we failed to embrace technology -- we refused to swiftly transition to digital photography.
Analysis
To save the company from a looming demise, there is need to embrace a number of strategies that will see it regain its profitability.…...
mlaReferences
Adubato, S. (2011). You are the Brand. Piscataway, NJ: Rutgers University Press.
Wharton University of Pennsylvania (2012). What's Wrong with this Picture: Kodak's 30-Year Slide into Bankruptcy. Retrieved from http://knowledge.wharton.upenn.edu/article/whats-wrong-with-this-picture-kodaks-30-year-slide-into-bankruptcy/
opportunity analysis, is one of the stages in the Kepner-Tregoe approach for the problem-solving process. This concept was introduced to help in analyzing the consequences of a decision in order to identify what could potentially go wrong and to create initiatives that could address the problems or issues once they actually emerge. Generally, the potential problem analysis technique is developed to offer a comprehensive evaluation of a created idea or action so as to predict any probability for something going wrong. Therefore, this concept or procedure helps an individual to expected problems before they take place and to develop necessary measures that could be implemented to prevent the probable problem from taking place or lessen its effect.
Development of Potential Problem Analysis
As previously mentioned, potential problem analysis or potential opportunity analysis was developed and introduced by Charles H. Kepner and Benjamin B. Tregoe as part of their initiatives to identify…...
mlaReferences
Dew, J.R. (n.d.). Planning Skills. Consumer Quality Management -- Module Eight.
Low, J.T. & Heil, K. (n.d.). Problem-Solving Styles. Retrieved May 16, 2015, from www.referenceforbusiness.com/encyclopedia/Per-Pro/Problem-Solving-Styles.html
"Potential Problem Analysis." (n.d.). Health Information Technology. Retrieved from Agency for Healthcare Research and Quality website: http://healthit.ahrq.gov/health-it-tools-and-resources/workflow-assessment-health-it-toolkit/all-workflow-tools/potential-problem-analysis
Woods, M.F. & Davies, G.B. (2007, May). Potential Problem Analysis: A Systematic Approach to Problem Prediction and Contingency Planning -- An Aid to the Smooth Exploitation of Research. R&D Management, 4(1), 25-32.
Creative accounting" may be considered a very old technique which has conserved its appeal over the ages. However, using such methods could prove costly. The motivation behind techniques of this type varies: sometimes, executive and financial officers, accountants or auditors have a lot to gain by presenting false data to the interested parties. The victim may be the state, which collects less income taxes, creditors, who are not aware of the real situation of the company they have lent money to, clients, who continue to do business with an organization that could go bankrupt at any time and so on.
In other cases, the terrible pressure to which businesses are subjected by the fact that investors and resources are scarce, induces their managers to use deceptive or even fraudulent accounting practices. Usage of such methods often leads to drastic consequences, both from a legal and an economical point-of-view. Although these…...
mlaReferences:
1.USA Today -- "Accounting Fraud"
www.usatoday.com/educate/college / business/casestudies/20030128-accountingfraud3.pdf
2. Mind Tools -- Decision Making Techniques
Economic Environment
The economic environment of Greece is that of a capitalist economy, but with significant public sector contribution – about 40% of total GDP is from government activity. This speaks more to the relatively small size of the Greek private sector than to excessive government ownership of industry. Tourism is one of the major drivers of the Greek economy, accounting for 18% of GDP (CIA World Factbook, 2017). Thus Greece would be characterized as a mixed economy with some government-owned entities. Greece is a member of the EU, but has also received several bailouts in recent years, and struggles with tax collection, and overall economic development. Tax evasion ranges between 6-9% of total GDP in Greece, which makes it a significant economic problem (Georgakopoulos, 2016).
Recent Macroeconomic Data
In recent years, Greece\'s economy has flatlined. The country has received several infusions of capital from other EU countries, but there is a lack…...
Problem Solving
In order to solve problems effectively, a formalized process can be used. These are the basic steps that all problem-solving goes through, but following them ensures that all relevant steps will be taken into consideration. This is better than the alternative, where ad hoc problem-solving can result is sloppiness and errors. Sometimes, such steps are required to resolve a dilemma, such as is the case in this scenario.
The problem in this situation is that there is a discrepancy between the effort that parents are putting into their children's projects. Ultimately, you can only worry about your own child. But the downside to that is that your child has not completed the assignment effectively, and the other child will by virtue of its parent's assistance will deliver a better project. Your child, with a poorer grade, could well be disadvantaged by performing their own work. You are seeking to teach…...
Problem Statement In the words of Quisenberry (2018), “while increased challenges are prevalent during virtual teaming arrangements, there seems to be evidence supporting that virtual team performance can be improved when team members have higher emotional quotients.” This is particularly the case given that various studies seem to suggest that the most common difficulties virtual teams encounter have got to do with failure by team members to effectively self-manage, share knowledge, and integrate the…...
Problems contexts as social constructs
hat should be becoming clear from the discussion so far is that it may be best, in Systems Analysis, to regard problems, puzzles and messes as social constructs. That is, like beauty, there is a sense in which they are defined in the eye of the beholder. This does not mean that every aspect of the issues to be faced is within the mind of the analyst or the participants. That a business is heading for bankruptcy or that an ambulance service is failing to provide adequate response times may be beyond dispute (Galliers, 2010). But the interpretation of those "facts" is less certain, and different people may interpret the same "facts" in different ways. That is, there may be several valid views of what is happening and of what might be done about it. Some of these interpretations may turn out to be wrong, in…...
mlaWorks Cited
Galliers, R.D. "Strategic information systems planning: myths, reality and guidelines for successful implementation," European Journal of Information Systems, vol. 1, pp. 55-64, 2010.
Chan, Y. Huff, S. Barclay, D. And Copeland, D. "Business Strategic Orientation: Information Systems Strategic Orientation and Strategic Alignment," Information Systems Research, vol. 8, pp. 125-150, 2006.
Bleistein, S.J. Cox, K. And Verner, J. "Requirements Engineering for e-Business Systems: Integrating Jackson Problem Diagrams with Goal Modeling and BPM," presented at 11th Asia Pacific Software Engineering Conference, Busan, Korea, 2004.
Cox, K. Phalp, K.S. Bleistein, J. And Verner, J. "Deriving Requirements from Process Models via the Problem Frames Approach," Information and Software Technology, vol. 47, pp. 319-337, 2005.
Identification
Decision making and problem solving in companies are probably the most important processes in any business. These processes ensure that companies run smoothly and effectively. There are a variety of decision-making and problem-solving processes that ensure the effectiveness of business processes. Often, these are chosen on the basis of their effectiveness in the particular business setting involved. The automotive industry, for example, would not function on the same decision-making process as a childcare business. Particularly, problem identification relate to various problem-solving styles, including the morphological approach, the Kepner-Tregoe approach, inventive problem solving, constraints thinking, the collective-participative style, and the fairness approach. These will be related to five types of businesses, including an automotive business, a restaurant, an electronics business, a DVD store, and a preschool,
The first important step in problem solving is problem identification (Reference for Business, 2010). All five businesses investigated have a problem identification process in place.…...
mlaSources
Jones, D, Padgett, M., Rose, C., and Weilacker, R. (2009, Aug. 3) Problem Formulation and Identification. Retrieved from:
http://www.scribd.com/doc/20393304/Team-Sample
Pashiardis, P. (1994). Problem and Dilemma Identification and Formulation as the Most Critical Element of the Decision-Making Process: Behavioral Biases and Characteristics. International Intervisitation Programme in Educational Administration. Retrieved from: http://www.eric.ed.gov/PDFS/ED375465.pdf
Reference for Business.. (2010). Problem-Solving Styles. Encyclopedia of Business, 2nd ed Retrieved from: http://www.referenceforbusiness.com/encyclopedia/Per-Pro/Problem-Solving-Styles.html
Software Processing Methodology
Understanding the Problem
Klyne Smith, DSE Candidate
Dr. Frank Coyle
Technical
Motivation
esearch and Contribution Methods
Software Processing Methodologies
Waterfall Methodology
Strengths
Weaknesses
Opportunity
Threats
Iterative Methodology
Strengths
Weaknesses
Opportunities
Threats
Model Methodology
Strengths
Weaknesses
Opportunities
Threats
Where do we go from here (Spring 2010)?
Define measurement data points for Test Case analysis
Section IV
Creation and Validation of the predictive model
Section V
Summary Analysis
Practical Usage
Praxis Conclusion
Books
Articles / Web Information
Software Processing Methodology:
Understanding the Problem
Section I:
Introduction
In this work, I examine three different Software Processing Methodologies. I start with the iterative model, followed by the spiral model, and conclude with the V-model. Each of these methodologies are discussed in length to gain a clear understanding of their similarities and differences. This paper focuses on gaining a key understanding of the methodologies and when it is best to utilize each. Each serves a special purpose; the process of understanding the problem one must solve remains as complicated as actually solving the problem itself. In this work, I will investigate the intricacies required to formulate the problem while…...
mlaReferences
Books
Alexander, Ian and Beus-Dukic, Ljerka (2009). Discovering Requirements - How to Specify Products and Services
Bass, Len and Clements, Paul, and Kazman, Rick (2003) - Software Architecture in Practice (2nd Edition)
Boehm, B.,(1976) Software Engineering, IEEE Trans. Computer, C-25,12,1226-1241
F&C International Inc.
Defining the Issues and Problem Statements
The case illustrated a large scale fraud that had plagued the F & C. international Inc. during 1990s.
The case reveals challenging issues facing stakeholders in undertaking valuation of a publicly listed company
The case also highlights a dilemma that can face top executives who intend not participating in the financial frauds of a company
The fraud strategies were be inflating the company financial records and overestimated the inventories.
The company top executives inflated sales revenues and overstating period-ending inventories in the 1990s.
For example, the barrels labeled as high concentrated flavors were filled with water.
Major cause of the problem was the fraud that had perpetuated the company in the 1990s.
The effect of the fraud made the company to record financial losses during the period.
Sale revenues declined that made the company to record a net loss.
Moreover, the company would not be able to raise banks loans with…...
mlaReference
Crundwell, F. (2010). Finance for Engineers: Evaluation and Funding of Capital Projects. UK. Springer.
SEC (2010). Sarbanes-Oxley Section 404. United States Securities and Exchange Commission.
Case 4.2. F & C. international Inc.
Pride, W. Hughes, R. & Kapoor, J. (2013). Business. Cengage Learning.
Problem Solving in Mathematics
GCSE or the General Certificate of Secondary Education is basically a system that is present in England, Northern Ireland and in Wales. In this system, a student is awarded an academic qualification based on the grades that they attain. The qualification that a person attains is equivalent to either a level 2 or Level 1 key skills qualification. Normally, a student can uptake as many subjects as he or she wants. However, different systems set a requirement for how many subjects or GCSEs a student must take. There is present an international system of IGCSE as well and these subjects can be up taken anywhere in the world. This was just a precise history of what exactly the GCSE system is all about. Interestingly enough, the GCSE system was not the first one of its kind. Prior to this, GCE and the English Baccalaureate System were…...
mlaReferences
Anderson, J. (2009) Mathematics Curriculum Development and the Role of Problem Solving. [E-Book] The University Of Sydney. Available Through: ACSA Conference 2009 Http://Www.Acsa.Edu.Au/Pages/Images/Judy%20Anderson%20-%20Mathematics%20Curriculum%20Development.Pdf [Accessed: 11th February 2013].
Bloom, B. (1971) Handbook Of Formative And Summative Evaluation Of Student Learning. New York: Mcgraw-Hill.
Boaler, J. (2002). Experiencing School Mathematics: Traditional And Reform Approaches To Teaching And Their Impact On Student Learning. Mahwah, N.J., L. Erlbaum.
Davies, I. (1975) Writing General Objectives And Writing Specific Objectives. In: Golby, M. Et Al. Eds. (1975) In Curriculum Design . 1st Ed. Open University Books .
Intrinsics
The Problem of Temporary Intrinsics:
Perundantists and Endurantists
The objective of this study is to examine and explain the problem of temporary intrinsics and the Perdurantist solution to it. This study will answer whether the conflict between a thing being bent simpliciter and the thing only being able to be bent at a time itself is a reason to reject Endurantism in favor of Perdurantism and how if at all, might Perdurantism itself be at odds with the idea that persisting objects are bent simpliciter.
It is the belief of some philosophers that the individual takes up time since they are held to have "different temporal parts at different times." (Stanford Encyclopedia of Philosophy, 2010, p.1) The spatial parts would be represented by the feet, nose, and head while temporal part of the individual would be the person as they were yesterday, the person as they are today and the person as…...
mlaBibliography
Brower, JE (nd) Aristotelian Endurantism: A New Solution to the Problem of Temporary Intrinsics. Retrieved from: http://web.ics.purdue.edu/~brower/Papers/Aristotelian%20Endurantism.pdf
Craig, WL (2000) The Tenseless Theory of Time: A Critical Examination. Analysis. Vol. 294. Retrieved from: http://books.google.com/books?id=puqwbxLW_KQC&dq=Endurance+and+Temporary+intrinsics+and+Haslanger&source=gbs_navlinks_s
Haslanger, S. (1989) Endurance and Temporary Intrinsics. Analysis 49/3. 119-25. Metaphysics: An Anthology. 2ed. Blackwell Publishing. 2012.
Lewis, D. (1986) On the Plurality of World. Chapter 4 John Wiley & Sons. Metaphysics: An Anthology. 2ed (ed) Jaegwon, Kim; Daniel Z. Korman; and Ernest Sosa. Blackwell Publishing. 2012.
problem-solving model in suggesting ways towards solving marketing problem of Classic Airline. It takes into account the internal and external pressures that contribute to the current crisis at Classic Airline, the current objective of implementing strategic marketing plan of solving solution. In addition, potential issues in implementation potential issues are as well considered in insuring impact of the plan. The analysis also touches on the fact that implementation of improved Customer elationship Management (CM) improves the profitability of the organization.
Classic Airlines is the fifth largest airline in the world with a command of up to above 375 jets that are serving cities with flights of over 2,300 daily. Since its inception, from 25 years ago, it has changed to become an organization having about 32,000 employees and even recently it managed to earn $10 million on sale of $8.7 billion in sales. Classic is among the airlines that faces…...
mlaReferences
Bull, C. (2003). Strategic issues in customer relationship management (CRM)implementation. Busiess Process Management Journal, 9 (5), 592-602, hosteddocs.ittoolbox.com/CB110408.pdf.
Hill.Patrissans, A. (2000). Customer Realtionship Management and the Challenge of Internet. Toronto: Cap Gemini Ernst and Young. scholar.sun.ac.za/bitstream/handle/10019.1/1475/BosseS.pdf?
Newell, F. (2000). Loyalty.com: Customer Relationship Management in the New Eraof Internet Marketing (1st Edition ed.). New York, NY: McGraw. http://www.scribd.com/doc/56202522/Classic-Airlines-Marketing-Solution
Philip Kotler, K.L. (2006). Marketing Management (12th Edition ed.). Upper SaddleRiver, New Jersey, United States: Pearson Prentice Hall.
Ensuring Effective Problem Resolution in the Problem-Solving Process
Identifying problems is crucial, but true problem-solving lies in effectively addressing these issues with appropriate solutions. To ensure this, a structured and meticulous approach is essential:
1. Thorough Problem Analysis:
Define the problem clearly: Articulate the specific issue, its scope, and its impact. Avoid ambiguity and ensure a shared understanding.
Gather evidence and data: Collect relevant information through research, interviews, and observations to support the problem statement.
Identify root causes: Determine the underlying factors contributing to the problem. This requires digging deeper and investigating the systemic issues.
2. Solution Generation:
Brainstorm potential solutions: Encourage creativity....
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now