Questions
1. Why is there no political will to consolidate regulation of the food industry into a...

1. Why is there no political will to consolidate regulation of the food industry into a single, unified food safety agency at the federal level? What values are in place to prevent this from happening?

2. Should the government have the authority to recall food products when informed of contamination such as possible carcinogen dangers or mad cow disease, rather than relying on voluntary action by the food industry?  

In: Operations Management

Company spokespeople are often heard to say, "We have to be in that market". What is...

Company spokespeople are often heard to say, "We have to be in that market". What is a likely explanation for this statement if the market is (a) China; (b) Germany; (c) Brazil; (d) Japan; (e) the United States? I’m 350 words, Give examples of products or services.

In: Operations Management

Your small biotech firm operates a fleet of two specialized delivery vans in Chicago. As a...

Your small biotech firm operates a fleet of two specialized delivery vans in Chicago. As a policy, your firm has decided that the operational life of a van is 3 years (a cycle), and both vans are purchased at the same time to receive discounted fleet pricing. The driving demands placed on the vans are uncertain, as are the maintenance costs, and each van is different in its use, demand, and costs. In the past, the firm has been surprised by unexpectedly high (and low) maintenance costs associated with the vans; thus, it is important to analyze the potential of cost variation and to use this information in the annual-budgeting process. You decide to model the arrival of failures (breakdowns of the van) that lead to maintenance costs—each failure has a cost.

You and your staff decide that the model should be simple, but that it should reflect reality. The model should also determine the variation in maintenance costs for 3-year cycles of vehicle use. To determine maintenance cost, you assume the following: 1) Miles Demand for each van is randomly selected from a defined probability distribution (Table 1) for each year of operation; thus, 3 Miles Demand (one for each year) for each van in a cycle. 2) Once the Miles Demand is known, a Yearly Failure Rate is determined (Table 2). This is a Poisson-average yearly arrival rate and a Poisson distribution with this arrival rate is then sampled to determine Actual number of Failures. 3) Each failure arrival is assigned a randomly selected cost from a set of normally distributed costs (Table 3). Finally, costs are aggregated for all vans over the 3 year cycle (an experiment) and many trials are simulated to create a risk profile for total 3-year maintenance cost.

a) Create a Monte Carlo simulation that simulates the 3-year cost of maintenance for the fleet. A suggested structure is provided to simplify your efforts. Simulate 5000 trials (experiments).

b) Provide the risk profile for the model in (a), along with the summary statistics—mean, standard deviation, and 5th and 95th percentile.

c) Calculate the 95% confidence interval for the mean of the simulation.

d) What is the value ($ reduction in cost) that you would derive if you could reduce the Yrly Fail-Rate by 1 for all Miles Demand for Van 1, through a preventative maintenance program? For example, in table 2 the rate for 25000 would change to 1, the rate for 40000 would change to 2, etc. Produce the new Risk Profile and determine the new summary stats.

e). How much would you budget for the 3-year maintenance cycle to meet up to 90% of the maintenance costs?

TABLE 1
Van 1 Demand (miles) Van 2 Demand (miles)
Miles Demand Probability Miles Demand Probability
25000 0.5 16000 0.25
40000 0.25 24000 0.25
65000 0.15 32000 0.25
80000 0.1 38000 0.25
1.00 1.00
TABLE 2
Van 1 Demand vs Fail-Rate Van 2 Demand vs Fail-Rate
Miles Demand Yrly Fail-Rate Miles Demand Yrly Fail-Rate
25000 2 16000 1
40000 3 24000 2
65000 3 32000 2
80000 4 38000

3

TABLE 3
Cost of Failure ($)
Mean 1500
Stdev 425

PLEASE LIST STEP-BY-STEP PROCESS FOR BUILDING THIS TABLE. THANK YOU SO MUCH!

In: Operations Management

EDS is a national distributor of office supplies that delivers goods to department and specialty stores....

EDS is a national distributor of office supplies that delivers goods to department and specialty stores. They are planning to build a large distribution center in California and is analyzing different location sites. Your team has been assigned the task of selecting a major city in your state that should be the site of the new distribution center. Below are some considerations: a. At present, EDS has no distribution center in your state b. The goal is to locate a major city that has easy access to highways, so that they can reach other locations in California. Although your decisions are subjective, justify your assumptions (E.g. volumes, factor ratings etc) c. Go to the internet and find a map of California and get relevant information on traffic patterns, skills of population and other geographic factors. d. Decide the best location and explain your decision. Use models of your choice – center of gravity and/or factor rating (define at least 5 factors).

In: Operations Management

Question from :Essentials of the U.S. Health Care System Authors: Leiyu Shi and Douglas A. Singh...

Question from :Essentials of the U.S. Health Care System Authors: Leiyu Shi and Douglas A. Singh

After your study of the ACA, its goals, implementation and controversies, what is the one, most important element of the ACA you believe should be retained in future healthcare legislation and why?

In: Operations Management

Question: Explain the meaning of planning and explain the different types of plans. (FOR INSTANCE: human...

Question: Explain the meaning of planning and explain the different types of plans. (FOR INSTANCE: human resource plan, monetary plan and financial plan) Explain all the different plans in the organization with examples

In: Operations Management

Question: What is Control Measures? Explain 5 types of control measures with examples

Question: What is Control Measures? Explain 5 types of control measures with examples

In: Operations Management

200 WORDS REQUIREMENT!!! What type of organization would benefit the most from market pricing? from team-based...

200 WORDS REQUIREMENT!!!

What type of organization would benefit the most from market pricing? from team-based pay?

In: Operations Management

what are some businesses that diversified? Were they successful? Where there any that just did not...

what are some businesses that diversified? Were they successful? Where there any that just did not work? why?

In: Operations Management

How can I do Consumer Decision Making Process for Sephora ( sephora products specifically )?

How can I do Consumer Decision Making Process for Sephora ( sephora products specifically )?

In: Operations Management

How does Henkel, the German consumer and commercial products company, generate & screen new product ideas?...

How does Henkel, the German consumer and commercial products company, generate & screen new product ideas? What is your opinion of that screening method? Discuss the case of Enron & speed of new venture development as discussed in one of the assigned readings for this week. In hindsight, what did you learn from that case?

In: Operations Management

Reducing project risk with procurements

Reducing project risk with procurements

In: Operations Management

Do you agree or disagree that knowing your emotional intelligence will make you a better leader...

Do you agree or disagree that knowing your emotional intelligence will make you a better leader and why?

In: Operations Management

Q21 What is transformational leadership? [1 Mark]

Q21

What is transformational leadership? [1 Mark]

In: Operations Management

Apply Competitive Profile Matrix tool on Amazon company. PLEASE PROVIDE ALL SOURCES YOU USE. Thank you

Apply Competitive Profile Matrix tool on Amazon company.

PLEASE PROVIDE ALL SOURCES YOU USE.

Thank you

In: Operations Management