Case Study
To Rebuild or Not to Rebuild When Disaster Hits
Jada M. Thompson(a), Misti D. Sharp(b), and Jonathan C. Walton(c)
(a)University of Arkansas, (b)University of Florida, (c)University of Tennessee
JEL Codes: Q454
Keywords: Decision-making, leadership, management, poultry
Publish Date: April 18, 2023
Volume 5, Issue 2
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Abstract
The management decision process is often complex and multidimensional with various competing factors. The type of leadership, the approach for analysis, and a priori beliefs factor into decision making. This case provides an example of how multifaceted management decisions are in the context of profitability, risk, uncertainty, succession, and leadership frameworks using a comprehensive economic analysis for a fictional poultry operation. Students are asked to apply concepts in financial analysis, risks analysis, and critical thinking to provide a realistic management decision based on all these concepts. The issues in the case relate to natural disasters, farm succession planning, leadership frameworks, and farm survivability. The case provides flexibility in approach and concept rigor based on the course.
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Articles in this issue
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Christopher A. Wada, Sittidaj Pongkijvorasin, James A. Roumasset, and Kimberly M. Burnett
Teaching Water Economics in a Desert Environment
Slim Zekri
Teaching Water Economics by Building Problem-Based Case Studies
David Zetland
Innovations for the Water Resource Economics Curriculum: Training the Next Generation
Frank A. Ward
Teaching Principles of Water Economics to Non-Economists: Lessons from California
Mehdi Nemati and Ariel Dinar
Reconciling Theory and Practice in Higher Education Water Economics Courses
Roy Brouwer
To Rebuild or Not to Rebuild When Disaster Hits
Jada M. Thompson, Misti D. Sharp, and Jonathan C. Walton