Supeior Gain

Analytics - Superior Grain - Case Prep

Key Points

| Name | Where |

Who | Decision maker?Titles/Position?Responsibilities?Other players? | * Mike Armstrong – mangers of ports | |

| Issue(s) |

What | What is the issue?(i.e. concern, problem, challenge, opportunities)Significance for the organization | * Won big contract to unload grains * Should they build a third wharf? ; would it be profitable? * Want 20% return of investment * Do not know the true value tomorrow (cannot work future cash flow); only know expected value (missing the randomness variable) * Need to find : Expect saving over the year = Expect saving 3 over wharf – Expect savings over 2 wharf * Info of case: Arrival time, loading time |

Why | Issue arisen?Why am I involved now? | * |

When | To Decide To Resolve To act To disposeIs it urgent? | * |

How | | Case Difficulty Cube |

| 1 / 2 / 3 | 1 / 2 / 3 | 1 / 2 / 3 |

| Analytical (Length to analyses) | Conceptual (Theory Difficulty) | Presentation (Material Length, Organization) |

KLP | * Wording problem: Stats Give “Expected” values * Plot data to see type of distribution |

Contribution | * If you don’t invest, you will lose a certain amount (2) |

Summary

Questions

Suppose you have interns who will follow specific instructions from you on using Excel to compute quantities of interest. What specific steps would you request...i.e. "flowchart" the process. The interns are not able to comment on management issues or the management bottom line.

Fill out Exhibit 2 by hand and be ready to present it.

Be ready to discuss and comment on all "top-level" management issues. Other than filling out Exhibit 2, no quantitative analyses required.

Readings