'Decision Analysis Task\r'

'Decision analytic thinking has been established to advance theory, application, and teaching of all aspects of decision- fashioning methods. . When It comes to root to make decisions for any business, al nearly(prenominal) everyone asshole step un realty and fear. The to a greater extent Information given(p), then the most likely the decisions made atomic number 18 the right ones. TLS Includes macrocosm able to trade off the values of certain outcomes against Its probability. Data shows the truest form of the Information given. The knowledge changes from data to information, from information to facts, and lastly from facts to knowledge.The entire decision making process is done under uncertainty and boundless variables. Values and numbers become much easier for heap to use and understand. Once the numbers and circumstances are in place, the true analysis sess pay back. utilise the work cell method, the company can flummox the following advantages: (1) reduced work in relegate inventory, (2) less floor space use, (3) reduced rough material and finished goods inventory, (4) reduced labor costs, (5) more employee participation, (6) gaind equipment and machinery use, and (7) reduced investment in machinery and equipment.I get hold of chosen this decision analysis withall by imputing the performance beats for each toil given of A through H and the sequence requirements into an aggregation line balancing tool to perform an analysis to determine the proper number of stations and the most efficient workflow potential. The analysis tool metrical that the number of workstations need was 5. Total station task time needed was 10 minutes and the time needed per cycle was 46 minutes. These calculations gave this process an power of 100. 00%. This decision tool was selected to help achieve a higher efficiency of production and a possible deduction in production floor space. A properly balanced line allow for increase throughput and lower production costs.Hopefully, by recommending this tool, the company will be able to eliminate significant errors that can result in false assumptions, inaccu number estimations of probabilities, too much relying on expectations, wrong measuring in functions, and/or forecasting errors. B. 1. The impact of costs on the decision to move forward with the new wound Sandal line is as follows: As the production continues, the hours needed for each batch, or individual pair, will begin to decrease. By continuing to produce this line the tally labor costs will continue to decrease, but most likely, at a slower rate as more sandals are produced. This data can help the company decide employment levels, capacity, costs, and their set of this particular merchandise in the open market.\r\n'