Order ID 53563633773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages To Order 5-10 Pages Description/Paper Instructions
Unit 3 Discussion Example – Decision, Decisions, Decisions!
Unit 3 Discussion Example – Main Post
Main Post: For the Unit 6 Discussion Board, you will compose a reflective essay to address the following questions:
Scenario: You are a business owner faced with an important decision that could potentially be very lucrative. Keep in mind the “Six Steps in Decision Making” as you set up your decision analysis. See the DB Starter video in the Unit 3 LiveBinder.
- What is the problem and objective of this decision?
- Identify at least 3 alternatives and 3 states of nature.
- Create a decision table in Excel. Example tables can be found in Unit 3 Live Binders.
- Identify the potential payoff/losses for each alternative and state of nature and include in your decision table.
- Choose two decision strategies and determine the best alternative: (Clearly state the best alternative for each strategy.)
- Optimistic
- Pessimistic
- Criterion of Realism (Hurwicz)
- Why did you choose the two strategies? What are the results of the best alternative? What is your final decision?
After you have contemplated the questions above, draft your reflective essay. Every piece of writing should have an introduction, body, and conclusion. A good way to plan this particular reflective essay is to write an introduction to the essay. Next, write at least three body paragraphs and address each of the points listed above. End your essay with a conclusion paragraph tying all of your ideas together. The essay should be at least five paragraphs in length.
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- I am the business owner for my personal juice/smoothie business, “The New Green!” I have smoothie carts in various locations around town. Business has been going very well and I am considering expanding my business to our neighboring town.
- Three alternatives would be:
- Expand fully to neighboring town with 3 new smoothie carts
- Pilot the expansion with just 1 new smoothie cart
- Stay status quo – do not expand (Make the customers come to me!)
Three states of nature would be:
- Serious demand for good nutrition ☺
- Moderate demand for good nutrition K
- Nobody cares about good nutrition L
3 & 4. On a typical “awesome” day, I sell about $250 in smoothies per cart and it costs about $100 for electricity and staffing. So, a net income of about $150 per day.
On a typical “moderate” day, I sell about $150 in smoothies per cart and it still costs about $100 for electricity and staffing. So, a net income of about $50 per day.
On a typical “poor” day, I sell about $50 in smoothies per cart and it still costs about $100 for electricity and staffing. So, a net loss of about $50 per day.
I will set up my decision table based on the above profit/losses per smoothie cart.
Awesome Moderate Poor Nutritional Nutritional Nutritional Demand Demand Demand 3 New Carts 450 150 -150 1 New Cart 150 50 -50 0 New Carts 0 0 0
- I will choose to use the Optimistic and Criteria of Realism strategies.
The Optimistic (Maximax) decision is to build 3 new carts with a possibly payoff of $450 per day.
Maximax Decision Process
Awesome Moderate Poor Nutritional Nutritional Nutritional Alternative Demand Demand Demand value 3 New Carts 450 150 -150 450 1 New Cart 150 50 -50 150 0 New Carts 0 0 0 0 0 Maximax
450
For the Criteria of Realism (Hurwicz), I will use a coefficient of realism of α = 0.75. As a reminder, this means that I will be 75% optimistic and 25% pessimistic – a compromise between the optimistic and pessimistic strategies. The Criteria of Realism decision is still to build 3 new carts, based upon the decision strategy’s alternative value of 300.
Hurwicz Criteria Decision Process
= 0.75 Awesome Moderate Poor Nutritional Nutritional Nutritional Alternative Demand Demand Demand value 3 New Carts 450 150 -150 300 1 New Cart 150 50 -50 100 0 New Carts 0 0 0 0 0 Hurwicz Criteria 300
Now, I will use the above computations as a basis for composing my reflective essay. Please remember that your reflective essay should include an introduction, body, and conclusion, and of course APA formatted references.
RUBRIC
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. The can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper. GET THIS PROJECT NOW BY CLICKING ON THIS LINK TO PLACE THE ORDER
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