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6303BUSBS Strategic Decision Making

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6303BUSBS Strategic Decision Making

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6303BUSBS Strategic Decision Making

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Course Code: 6303BUSBS
University: Liverpool John Moores University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Question:

Baleston Council has to decide on the location of a new waste disposal facility and five sites are currently being considered: Inston Common, Jones Wood, Peterton, Red Beach and Treehome Valley. In order to help them to choose between the sites the managers involved in the decision arranged for a decision analyst to attend one of their meetings. He first got the managers to consider the factors which they thought were relevant to the decision and, after some debate, four factors were identified.
(i) The visual impact of the site on the local scenery (for example a site at Treehome Valley would be visible from a nearby beauty spot);
(ii) The ease with which the waste could be transported from the site (for example, Red Beach is only two miles from the main town in the area and is close to a main road, while Inston Common is in a remote spot and its use would lead to a major increase in the volume of transport using the minor roads in the area);
(iii) The risk that the use of the site would lead to contamination of the local environment (for example, because of leakages of chemicals into watercourses);
(iv) The cost of developing the site.
The decision analyst then asked the managers to assign scores to the sites to show how well they performed on each of the first three attributes. The scores they eventually agreed are shown below, together with the estimated cost of developing each site. Note that 0 represents the worst and 100 the best score on an attribute. In the case of risk, therefore, a score of 100 means that a site is the least risky.

 

 

Benefits

 

 

Site

Visual Impact

Transport

Risk

Costs £m

Inston Common

100

0

60

35

Jones Wood

20

70

100

25

Peterton

80

40

0

17

Red Beach

20

100

30

12

Treehome Valley

0

70

60

20

The decision analyst then asked the managers to imagine a site which had the worst visual impact, the most difficult transport requirements and the highest level of risk. He then asked them, if they had a chance of switching from this site to one which had just one of the benefits at its best value, which would they choose? The managers agreed that they would move to a site offering the least risk of contamination. A move to a site with the best visual impact was considered to be 50% as preferable as this, while a move to one with the most convenient transport facilities was 40% as preferable.
Tasks

Determine the value of aggregate benefits for each site.First derive the swing weights. 
Plot the costs and the value of aggregate benefits of each site on a graph and hence identify the sites which lie on the efficient frontier.
Use cost benefit analysis to choose the best option.
The managers are discussing whether the best visual impact is so important after all – they wonder if the decision would change if it only were considered 50% preferable. What would you tell them? What about if the risk of contamination was dropped to 80% and transport facilities went to 100%  – would that change the decision?

Answer:
New waste disposal location

By Conducting A Cost Benefit Analysis The New Waste Disposal Location Shall Be Selected.
Value of aggregate benefits 

Cost and benefits
Chart Title

Proportionate cost calculation

Analysis

Red Beach is the most suitable new waste disposal location based on the calculation provided in the preceding slide.

It is important to note that no benefits have been adjusted in the earlier calculation and all benefits have been considered as equally important for the organization (Hill, 2017).

With lowest proportionate cost of £6m Red Beach seems to be the most preferred location for waste disposal (Hitt and Duane Ireland, 2017).

Visual impact minimum 50%
In that case Petersen would be chosen as the others except Inston Jones have lower visual impact with less than 50% as can be seen in the table below: 
 

Transport 100% and contamination dropped to 80%

Red Beach will still be the most preferred destination as can be seen in the table below: 
 

References:

Hill, T., 2017. Manufacturing strategy: the strategic management of themanufacturing function. Macmillan International Higher Education.

Hitt, M. and Duane Ireland, R., 2017. The intersection of entrepreneurship and strategic management research. The Blackwell handbook ofentrepreneurship, pp.45-63.

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