Description
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Week 11: Interactive activity
11.1 Learning Outcomes:
• Apply knowledge and skills to optimize production objective of maximizing profits
using qualitative and quantitative techniques in related areas of operations
management.
• Implement technological tools in production models like forecasting, lean
manufacturing and world class manufacturing (WCM) to enhance the productivity
and communication with other persons involving in operation and also to review their
contribution to the profit.
11.2 Action Required:
11.3 Test your Knowledge (Question):
Q1. What are three main types of budgets?
11.4 Instructions
• Answer the question in test your knowledge section.
Post your answer in the discussion board using the discussion link below (Week11: Interactive learning Discussion
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Read the article in the following link:
https://www.toolshero.com/decision-making/what-if-… (https://www.toolshero.com/decision-making/what-if-…/)/
11.3 Test your Knowledge (Question):
Q 1 What is the significance of ‘What-If analysis’ in business for decision making process? Write with example.
Q 2 What are the basic steps of What-If analysis?
11.4 Instructions
• Answer both questions in test your knowledge section.
• Post your answer in the discussion board using the discussion link below (Week11: Interactive learning Discussion)
