Why do we need data-driven approach to manage the health of


1. Please provide an example of one tool to implement the data driven approach. What are this tool strengths and weaknesses?

2. Why do we need data-driven approach to manage the health of population? Please offer specific and detailed example.

3. A company has decided to bid on a follow-on contract for 20 units of a product. The company has already produced 10 units (the initial contract) on an 80% learning curve. The 10th unit required 200 hours of labor time. If a fully burdened hour is $100 and the company wishes to generate a 20% profit, how much should be bid for this follow-on contract?

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Operation Management: Why do we need data-driven approach to manage the health of
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