Abstract

Virtually everyone recognizes the situations where a decision made on short-term financial rationale has resulted in higher long-term financial costs, whereas, appropriate technical, safety, and financial considerations would have avoided the waste and served everyone better. The key is to somehow get more of the right information to decision makers in a manner that allows them to consider the ripple effects that one decision has on another (Shana, 1998). Balanced management is a key to success where decisions are made such that financial goals, technical needs, and safety factors and credibility issues are simultaneously considered and weighed. This balance expresses the desires of every stakeholder in the industry and, when it is achieved, everyone wins. Therefore, the first goal of this project is to bring real-world decision making from industry into the classrooms so that every student in the class can apply their classroom learning to understand and train in making decisions. We chose a case study method of instruction to achieve this goal.

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