Operations Decision Essay

This file of ECO 550 Assignment 2 Operations decisiveness consists of1. in short describe the dilate of the fictitious patronage that you created for this assignment.2. Assess the current environmental peter out factor. De lineine the factors that depart feature the greatest impact on plant operations and managements decision to conserve or split operations.3. Evaluate the financial performance of the community employ the information provided in the scenario. delve all the drivers of performance, such as company profit or loss for both the short term and long term. Be sure to show the calculations that helped you reach your conclusions.4. Recommend how the company can improve its profitability. because develop a brief plan to implement the recommendations.5. Assess the circumstances in which the company should dis slide by operations. Provide a rationale with your response.Economics General EconomicsAssignment 2 Operations DecisionAssume you have been hired as a managing consultant by a company to purpose some advice that entrust help it make a decision as to whether it should shut down whole or detain its operations. It currently uses 100 workers to produce 6,000 units of output per month (working 20 days / month). The periodic wage (per worker) is $70, and the outlay of the steadfasts output is $32. The cost of other variable inputs is $2,000 per day. You are told that the firms resolute cost is high enough so that the firms join cost exceed its total revenue. The marginal cost of the last unit is $30. (Ch 7 8 to solve)This assignment allows you to envision the specific exposit 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. gener ate 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 allow for 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 fi ctitious 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 to a greater extent value to its stakeholders. Then, develop a brief plan 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.