– QSO 510 Final Project Case Addendum Vice-president Arun MittraDescriptionSolution downloadThe…

– QSO 510 Final Project Case Addendum Vice-president Arun MittraDescriptionSolution downloadThe QuestionPlease address the following elements for the case study attached to this question:I.?Create an analysis plan to guide your analysis and decision making:A. Identify any quantifiable factors that may be affecting the performance of operational processes. Provide a concise explanation of how these factors may be affecting the operational processes.B. Develop a problem statement that addresses the given problem in the scenario and contains quantifiable measures.C. Propose a strategy that addresses the problem of the organization in the given case study and seeks to improve sustainable operational processes. How will adjustments be identified and made?II. Identify statistical tools and methods to collect data:A. Identify the appropriate family of statistical tools that you will use to perform your analysis. What are your statistical assumptions concerningthe data that led you to selecting this family of tools? In other words, why did you select this family of tools for statistical analysis?B. Determine the category of the provided data in the given case study. Be sure to justify why the data fits into this category type. What is therelationship between the type of data and the tools?C. From the identified family of statistical tools, select the most appropriate tool(s) for analyzing the data provided in the given case study.D. Justify why you chose this tool to analyze the data. Be sure to include how this tool will help predict the use of the data in driving decisions.E. Describe the quantitative method that will best inform data-driven decisions. Be sure to include how this method will point out the relationshipsbetween the data. How will this method allow for the most reliable data?II. Analyze data to determine the appropriate decision for the identified problem:A. Outline the process needed to utilize your statistical analysis to reach a decision regarding the given problem.B. Explain how following this process leads to valid, data-driven decisions. In other words, why is following your outlined process important?C. After analyzing the data sets in the case study, describe the reliability of the results. Be sure to include how you know whether the results arereliable.D. Illustrate a data-driven decision that addresses the given problem. How does your decision address the given problem? How will it result inoperational improvement?IV. Recommend operational improvements to stakeholders:A. Summarize your analysis plan for both internal and external stakeholders. Be sure to use audience-appropriate jargon when summarizing forboth groups of stakeholders.B. Explain how your decision addresses the given problem and how you reached that decision. Be sure to use audience-appropriate jargon for bothgroups of stakeholders.C. Justify why your decision is the best option for addressing the given problem to both internal and external stakeholders and how it will result inoperational improvement. Be sure to use audience-appropriate jargon when communicating with stakeholders.QSO 510 Final Project Case AddendumVice-president Arun Mittra speculates:We have always estimated how many transformers will be needed to meet demand. The usual methodis to look at the sales figures of the last two to three months and also the sales figures of the last twoyears in the same month. Next make a guess as to how many transformers will be needed. Either wehave too many transformers in stock, or there are times when there are not enough to meet our normalproduction levels. It is a classic case of both understocking and overstocking.Ratnaparkhi, operations head, has been given two charges by Mittra. First, to develop an analysis of thedata and present a report with recommendations. Second, ?to come up with a report that eve

 

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