OPS400 Operations Management Module 3: Critical Thinking
Question Description
Other than the information I have provided please let me know if there is anything else I may help with.
Required
- Chapter 4 in Operations Management: Sustainability and Supply Chain Management
- Drugova, T., Pozo, V., & Curtis, K. (2018). Forecasting organic wheat prices: Do conventional prices play a role?. Journal of
Food Distribution Research, 49(1), 48-55. - Goodwin, P. (2018). How to respond to a forecasting sceptic. Foresight: The International Journal of
Applied Forecasting, (48), 13-16. - Bührig, P., & Wohlrabe, K. (2016). Forecasting revisions of German industrial production. Applied Economics
Letters, 23(15), 1062-1064. doi:10.1080/13504851.2015.1133890
Recommended
- Pavelková, D., Homolka, L., Vychytilová, J., Ngo, V. M., Bach, L. T., & Dehning, B. (2018). Passenger car sales projections: Measuring the accuracy of a sales forecasting model 1. Ekonomicky
Casopis, 66(3), 227-249. - Proaño, C. R. (2017). Detecting and predicting economic accelerations, recessions, and normal growth periods in
real-time. Journal of Forecasting, 36(1), 26-42. doi:10.1002/for.2412 - Chiroma, H., Zavareh, A. A., Baba, M. S., Abubakar, A. I., Ya’u Gital, A., & Zambuk, F. U. (2015).
Intelligent decision support systems for oil price forecasting. International Journal of Information Science
& Management, 47-59. Retrieved from https://www.researchgate.net/profile/Haruna_Chiroma/publication/279517640_Intelligent_Decision_Support_Systems_for_Oil_Price_Forecasting/links/5594968508ae793d13798fe7/Intelligent-Decision-Support-Systems-for-Oil-Price-Forecasting.pdf
Module 3: Critical Thinking
-
Points
100 -
Submitting
a file upload
Critical Thinking Assignment (100 Points)
Important! Read First
Choose one of the following two assignments to complete this week. Do
not do both assignments. Identify your assignment choice in the title
of your submission.
Common Instructions for both Options #1 and #2: Operations Management Forecasting
- Access the Pearson MyOMLab per the instructions located in the
Course Information folder, titled: MyOMLab Student Guide. Carefully
review the simulation’s introductory information and instructions as the
results will influence your grade by 10%. After completing the
simulation, capture a screen image of your final simulation results,
which are to be included in your critical thinking operations management
assignment as an appendix item. - The operations management forecasting assignment content must include the following:
-
Introduction: Explain the purpose or thesis of the
paper, and explain how the body of the paper is arranged to support the
purpose of the paper. - Provide a brief definition of operations management forecasting and
identify why it is important in an organization’s operations. - Provide a brief overview of the forecasting simulation.
- Describe your strategy for performing the forecasting simulation.
- Describe at least three operations management forecasting methods,
principles, or techniques experienced in the forecasting simulation. - Itemize at least three lessons learned from the forecasting simulation.
- Conclusion: Present a recap of key points and summary of main emphasis without repeating verbatim and exclusive of new information.
-
References: Support your paper with your textbook and
at least three scholarly, peer-reviewed references. Use current sources,
not older than five years. The CSU-Global Library is a good place to
find these references. -
Appendix: Forecasting simulation results. The appendix
page should be its own page after your reference page, with the header:
Appendix—with your screenshot pasted below.
Submit your Critical Thinking assignment document(s) to the module
submissions area established for this purpose. Per the assignment
rubric, a portion of your evaluation is based on your simulation
results.
Option #1: Operations Management Forecasting Paper
This Critical Thinking assignment option consists of two activities:
- Performing the Pearson MyOMLab Forecasting Simulation, examining the
results, and identifying lessons learned. Please adhere to the detailed
instructions contained in the Common Instructions for both Options #1 and #2: Operations Management Forecasting - A written operations management forecasting paper.
- Your report will require a structure that includes a strong title,
followed by an introductory paragraph which generates interest and
includes a thesis and mapping of what is to come. - Each of the sections should use appropriate APA headings, including a conclusion section.
- Make sure that the body sections address each of the previous bullets.
Submission Requirements:
- Your well-written paper should be three to four pages in length not including the required cover and references pages.
- Format your paper according to the CSU-Global Guide to Writing & APA (Links to an external site.).
Option #2: Operations Management Forecasting Presentation
This Critical Thinking assignment option consists of two activities:
- Performing the Pearson MyOMLab Forecasting Simulation, examining the
results, and identify lessons learned. Please adhere to the detailed
instructions contained in the Common Instructions for both Options #1 and #2: Operations Management Forecasting above. - Creating a written operations management forecasting presentation.
Submission Requirements:
- Your multimedia-rich operations management forecasting presentation
must contain logically-cohesive flow, including audio, video, and
graphical content. - The length of the presentation, in addition to the title and
reference portions, should be 10 to 12 slides (must include speaker
notes), or five to seven minutes of narrated presentation (must include a
transcript). - Please present your content clearly, concisely, and cohesively.
The presentation may be submitted as a completely self-contained file
(e.g., PowerPoint, Prezi, Screencast-o-matic, Knovio, or Loom) or as a
link to a hosted internet site.
Rubric
OPS400 Mod 3 CT
Criteria | Ratings | Pts | ||||
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This criterion is linked to a Learning Outcome |
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10.0 pts |
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This criterion is linked to a Learning Outcome |
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20.0 pts |
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This criterion is linked to a Learning Outcome |
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20.0 pts |
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This criterion is linked to a Learning Outcome |
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20.0 pts |
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This criterion is linked to a Learning Outcome |
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15.0 pts |
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This criterion is linked to a Learning Outcome |
|
10.0 pts |
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This criterion is linked to a Learning Outcome |
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5.0 pts |
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Total Points: |
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