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ERIC Number: EJ1050723
Record Type: Journal
Publication Date: 2015-Jan
Pages: 18
Abstractor: As Provided
ISSN: ISSN-1540-4595
A Classroom Exercise to Examine the Trade-off between Mission Capacity and Life Cycle Cost
Kang, Keebom; Doerr, Kenneth H.
Decision Sciences Journal of Innovative Education, v13 n1 p3-20 Jan 2015
This article presents a classroom exercise, centered on a simulation that has been used for 4 years in an MBA program to help students develop an understanding of the trade-offs involved in managing capital assets in the public sector. Though often ignored in business schools, "mission" is a key criterion that must be considered when managing such assets, and acts as a surrogate for profit. The case presents a rich environment in which the impact of cost reductions (or additional investments) on mission can be quantified, and trade-offs can be assessed and discussed. It gives students a chance to develop creative ideas for process improvement, and provides sufficient data for them to analyze the impact of their suggestions in a rigorous way.
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Publication Type: Journal Articles; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A