Essays on Maintenance Management - Relevant Decision-Making Models for Preston Merger Case Study

Download full paperFile format: .doc, available for editing

The paper “ Maintenance Management - Relevant Decision-Making Models for Preston Merger” is a comprehensive example of the case study on management. Preston has merged with another company and immediately after the exercise, a need for upgrading the overall stock portfolio is deemed to be imminent. The refurbishment and maintenance program is deemed to be necessary for purposes of upgrading the stock to underlying legal standards and also, meet the customer’ s expectations. For this reason, it is expected that the initiative should attain high-quality standards in relation to workmanship. Preston is thus tasked with the responsibility of examining whether there is a need for conducting an in-house staff or rather outsources the entire exercise.

As a result of this, the report focuses on identifying two most-relevant decision-making models that can be adopted in this scenario as well as the benefits and limitations of adopting a strategic plan to increase business profits in the coming five operational years or so. Relevant Decision-Making Models for the CaseIt is important to note that decision making is indeed a vigorous process that seeks to make a distinctive and viable choice from a given number of alternatives in order to accomplish the desired level of results (Eisenfuhr, 2011).

From the definition above, it can be noted that the process involves three distinctive elements; first, it involves the making of a choice from an enormous number of options. For the case at hand, the choice is whether to go ahead and use the internal staff or go the outsourced personnel (Eisenfuhr, 2011). Second, the process involves more than a mere final selection from amongst alternative options. Consequently, the overall desired outcomes highly involve a significant level of purpose or targets that emanates from the overall mental process of decision-makers that are engaged in the making of final decision. For this case, the two most viable models that can be used include; Rational ModelIn relation to this model, the entire decision-making process is broken down into six distinct steps that can be used to evaluate the impending issue at hand- whether to use in-house staff or outsource the exercise altogether.

References

List

Bradutan, S & Sarbu, A.2010. Advantages and disadvantages of the strategic management in the current economic context, p.51-54

Eisenfuhr, F. 2011. Decision making. New York, NY: Springer

Kepner, C. H., & Tregoe, B. B. 2005. The new rational manager (rev. ed.). New York, NY: Kepner-Tregoe.

Lunenburg, F.2010. The decision making process, National Forum of Educational Administration and Supervision Journal, vol.27, no.4, p. 1-12

Pirtea, M, Nicolescu, C, & Botoc, C.2009. The role of strategic planning in modern organizations, Annales Universitatis Apulensis Series Oeconomica, vol. 11, no.2, p. 953-957.

Ram, C., Montibeller, G., & Morton, A. 2011. Extending the use of scenario planning and MCDA for the evaluation of strategic options. Journal of Operational Research Society, vol.62, no.5, pp. 817-829

Download full paperFile format: .doc, available for editing
Contact Us