Operations Decision Essay Example for Free

Operations Decision EssayThis file of ECO 550 Assignment 2 Operations Decision consists of1. Briefly describe the details of the fictitious business that you created for this assignment.2. pass judgment the real environmental scan factor. Determine the factors that will have the greatest impact on plant operations and solicitudes decision to go forward or discontinue operations.3. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the drivers of performance, such as company avail or loss for both the short term and long term. Be accepted to show the calculations that functioned you r from each one your conclusions.4. Recommend how the company can improve its profitability. then(prenominal) climb a brief plan to implement the recommendations.5. Assess the circumstances in which the company should discontinue operations. Provide a principle with your response.Economics familiar EconomicsAssignment 2 Operations DecisionAssume you have been hire as a managing consultant by a company to endure some advice that will help it make a decision as to whether it should exclude down completely or continue its operations. It currently uses 100 workers to call down 6,000 units of product per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firms output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firms fixed cost is game enough so that the firms total costs exceed its total revenue. The marginal cost of the last unit is $30. (Ch 7 8 to solve)This assignment allows you to determine the ad hoc details about this fictitious company in order to conduct an environmental scan of this company. Write a three to four (4-5) page paper in which youBriefly describe the details of the fictitious business that you created for this assigFollow the link to get tutorial https//bitly.com/12AXeqzWhen your classes begin, you have to get acquainted with your instructors. Make sure that you are aware of their office locations, hours of availability and how else to contact them. You must develop good relationships with your professors so that you will feel comfortable talking with them if you need help or an exception on a due date.Economics General EconomicsAssignment 2 Operations DecisionAssume you have been hired as a managing consultant by a company to offer some advice that will help it make a decision as to whether it should shut down completely or continue its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The daily wage (per worker) is $70, and the price of the firms output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firms fixed cost is high enough so that the firms total costs exceed its total revenue. The marginal cost of the last unit is $30. (Ch 7 8 to solve)This assignment allows you to determine the specific details about this fictitious company in order to conduct an environmental scan of this company. Write a three to four (4-5) page paper in which youBriefly describe the details of the fictitious business that you created for this assignment. Assess the current environmental scan factors that are relevant to the decision making process. Determine the factors that will have the greatest impact on plant operations and managements decision to continue or discontinue operations. Provide a rationale for yourdetermination. Evaluate the financial performance of the company using the information provided in the scenario. Consider all the key drivers of performance, such as company profit or loss for both the short term and long term and how each factor influences managerial decisions. Be sure to show the calculations that helped you reach your conclusions. Recommend how the company can improve its profitability to deliver more value to its stakeholders. Then, develop a brief pla n to implement the recommendations. Assess the circumstances in which the company should discontinue operations and how management should react when confronted with these circumstances. Provide a rationale with your response.