Determine the course of action that has the highest expected monetary value (EMV) for the tree diagram.

Determine the course of action that has the highest expected monetary value (EMV) for the tree diagram.

Discuss the tree diagram and how you determined your specific course of action.

Determine chance probabilities and respective payoffs for the branches on the right-hand side.

Using the fold-back method from the video, determine the expected monetary value (EMV) of each

alternative and discuss the best final decision.

Guided Response: Respond to at least two of your fellow students’ posts in a substantive manner and provide recommendations to extend their thinking. Do you agree with course of action selected by your peer to arrive at the highest EMV? Why or why not? Support your position by explaining your results and thought process, providing any tips, shortcuts, and/or resources that prove helpful. Properly cite any references. You are encouraged to post your required replies earlier in the week to promote more meaningful and interactive discourse in this discussion forum. Continue to monitor the discussion forum until 5:00 p.m. (Mountain Time) on Day 7, and respond with robust dialogue to anyone who replies to your initial post.

DQ2 Operations Improvements [WLOs: 2, 3] [CLOs: 1, 2, 3]. Group Report Post Due by Day 5. Individual Reflection Response Due by Day 7. Prior to beginning work on this discussion, review Chapter 7 in your textbook. This will be a group work discussion in two parts: 1) a team report project, and 2) an individual public reflection response based on your review of the team reports. You will need to complete both parts to get full points for the forum.

Part I: Group Report

You are a manager of a Healthy Hots franchise in your region. Healthy Hots is a national fast-food restaurant chain that offers heart-healthy food. The company is experiencing several difficulties with operations and you and the other franchise managers in your region have been tasked by the president of the company to put together a report that outlines how you would recommend assessing the problems being faced and what the company’s next steps might be.

Here are the identified issues: Although customers like the idea of heart-healthy foods, and surveys indicate that customers find the food to be tasty and appealing, business has fallen off in recent weeks. At this point, none of the company’s restaurants are making a profit. Customers have complained about slow service and employee turnover is high.

The president has requested a short three-section report that outlines the underlying issues, the techniques that should be used to assess the problems, and what actionable data you believe these techniques will provide you and the company that will help to solve these issues. Each member of your team will complete one of the three required sections: Underlying Causes, Techniques and Rationale, and Actionable Data. (Each section should be 250-300 words.)

Underlying Causes

Determine some of the possible underlying causes for the issues that have been identified.

Explain how these underlying causes could escalate over time if not addressed.

o Prioritizetheissuesintermsofseverityofoutcomeandprovidearationaleforyourreasoning.

Techniques and Rationale

• Identify the techniques described in your textbook that would be the most effective in providing solutions to the underlying causes identified by the team.

• Explain how these techniques could be applied to improve operations.