1. a) What is a best cost provider strategy? Define. Explain how it is different from a cost leadership strategy (2 points).
b) Illustrate both strategies using a publicly-listed company for each strategy (i.e., 1 company for each strategy) within the same industry. Clearly identify the industry and the 2 companies you are discussing and explain how the companies are executing a best cost provider strategy and a cost leadership strategy? (2 points)
In: Operations Management
McBurger, Inc., wants to redesign its kitchens to improve productivity and quality. Three designs, called designs K1, K2, and K3, are under consideration. No matter which design is used, daily production of sandwiches at a typical McBurger restaurant is for
500
sandwiches. A sandwich costs
$1.30
to produce. Non-defective sandwiches sell, on the average, for
$2.50
per sandwich. Defective sandwiches cannot be sold and are scrapped.
The goal is to choose a design that maximizes the expected profit at a typical restaurant over a 300-day period. Designs K1, K2, and K3 cost
$100,000,
$130,000,
and
$180,000,
respectively.
Under design K1, there is a .80 chance that 90 out of each 100 sandwiches are non-defective and a .20 chance that 70 out of each 100 sandwiches are non-defective. Under design K2, there is a .85 chance that 90 out of each 100 sandwiches are non-defective and a .15 chance that 75 out of each 100 sandwiches are non-defective. Under design K3, there is a .90 chance that 95 out of each 100 sandwiches are non-defective and a .10 chance that 80 out of each 100 sandwiches are non-defective.
The expected profit level of design K1 is
$nothing.
(Enter
your response as a real number rounded to two decimal
places.)
The expected profit level of design K2 is
$nothing.
(Enter
your response as a real number rounded to two decimal
places.)
The expected profit level of design K3 is
$nothing.
(Enter
your response as a real number rounded to two decimal
places.)
What is the expected profit level of the design that achieves the maximum expected 300-day profit level?
Design
▼
K1
K2
K3
achieves the maximum expected 300-day profit level, with a profit of
$nothing.
(Enter
your response as a real number rounded to two decimal
places.)
In: Operations Management
Find the missing values for each company
| INFO FOR TOTAL COST ANALYSIS | Company A | Company B | |
| Unit conversions | |||
| Avg cubic ft per unit product | 2.55 | 2.55 | |
| Cubic ft per pallet | 31.1 | 31.1 | |
| Cubic ft per container | 2,350 | 2,694 | |
| Pallets per container | |||
| Units per pallet | |||
| Units per container |
In: Operations Management
Feminist Ethics, Ethical Relativism, and Moral Nihilism Which of these three views do you find most appealing, and why? Can you illustrate the appeal of that view by way of a particular example where you think the view provides the right approach?
In: Operations Management
How could you as a Christian leader foster joy in your home or your workplace?
In: Operations Management
A product’s demand over (L+1) periods follows a Poisson distribution with mean 3. What order-up-to level minimizes inventory while achieving at least a 0.99 in-stock probability? Use Poisson table.
In: Operations Management
3. How is Google using its market power to benefit its Google Shopping platform?
In: Operations Management
Kelson Sporting Equipment, Inc., makes two different types of baseball gloves: a regular model and a catcher’s model. The firm has 900 hours of production time available in its cutting and sewing department, 300 hours available in its finishing department, and 100 hours available in its packaging and shipping department. The production time requirements and the profit contribution per glove are given in the following table:
|
Production Time (hours) |
||||
|
Cutting |
Packaging |
|||
|
Model |
and Sewing |
Finishing |
and Shipping |
Profit/Glove |
|
Regular model |
1 |
1/2 |
1/8 |
$5 |
|
Catcher's model |
3/2 |
1/3 |
1/4 |
$8 |
Assume that the company is interested in maximizing the total profit contribution.
Let R = number of units of regular model.
C = number of units of catcher’s
model.
|
Max |
5 R |
+ |
8 C |
|||
|
s.t. |
||||||
|
1 R |
+ |
3/2 C |
≤ |
900 |
Cutting and sewing |
|
|
1/2 R |
+ |
1/3 C |
≤ |
300 |
Finishing |
|
|
1/8 R |
+ |
1/4 C |
≤ |
100 |
Packaging and Shipping |
|
|
R, C |
≥ |
0 |
It should have: (or least how to do it)
User Interface.
VBA Code to link Model and Interface
VBA Code for Formatting
VBA Code for Error Trapping
Thank you!
In: Operations Management
What would you have done if you were the CEO of Target in 2013, the Director of the Federal Government’s Office of Personnel Management (OPM) in 2015, or the CEO of Equifax in 2017 at the time that their respective data security breaches were discovered (note what all these breaches have in common)? Is it OK for a victimized organization or government agency to “hack back”? What are the dangers?
Answer discussion style.
In: Operations Management
Colgate toothpaste from Colgate-Palmolive Company,Fitbit wearables Explain for the following products:.How companies that offer them make market segmentation (ie what criteria they use to divide the market into segments) .Identify the market segments that are created and which these companies serve .How each company differentiates its products in that market segment .How each company chooses to be placed in the market
In: Operations Management
discuss the factors that have driven China to engage heavily in Africa and the Middle east. Support your analysis with data and reliable citations
In: Operations Management
Use the Simplex method to solve the following problem:
Max Z = x1 + 2x2 + 3x3
s. to2x1 + x2 + x3 <= 20
x1 + 2x2 - x3 <= 20
3x2 + x3 <= 10
x1, x2, x3 >= 0
Clearly specify the optimal values of all variables ya used in your
procedure as well as the optimal value of the objective
function.
In part a), say what corner point was analyzed in each iteration and give the corresponding value of the objective function. Include iteration 0, that is, the one that gives the starting corner point.
In: Operations Management
Identify and explain three environmental drivers of change and how they have impacted change restructuring a coorporation.
In: Operations Management
SCENARIO QUESTION
Imagine that you are an occupational health and safety consultant. You have been hired to improve worker productivity and safety at ISON foundation Zambia Limited, a telecom company. The people who work there have been suffering painful strain and repetitive stress injuries from working long hours at their cubicles/ workstations. Specifically, employees have been experiencing wrist pain, eye and shoulder strain. Some employees have quit their jobs and therefore resulting in a high employee turnover rate. TASK You are to design a visual presentation which incorporates tips for correcting common workstation problems and preventing repetitive strain injuries. Your write-up must include the following: • A concise definition of computer ergonomics and work ergonomics • At least four repetitive stress injuries that can be caused by using a computer incorrectly, your search should encompass answers to a. What is the disorder or the injury? b. How is it caused? • Ergonomic computer hardware items as well as workstation ergonomic items. With prices and descriptions to the parts of the body the item is supporting. Make sure the items that you display are rephrased and not cut and pasted from any website. You must include pictures of the hardware and ergonomic equipment and arrange the pictures attractively with tittles/labels for each picture, keep in mind your target group when selecting these items (could be in table format). • A picture of a properly designed ergonomic work station (What each employee work station should look like), with a description of proper positioning of a user at the workstation. Note: Descriptions should be easy for even a primary school pupil to understand. You should be creative in your writeup, imagine that you are making a proposal to the target company, and your presentation should follow a systematic flow. Please include proper work that is cited with proper references. Be sure to add a tittle on the cover page in line with the task in hand, REMEMBER, be creative. Your write up should not be more than 5 pages, as most of it will include the pictures.
In: Operations Management
You are a manager in a large manufacturing company. The board of
directors has asked
you to find out why there has been a considerable drop in the
number of items produced
in the last financial quarter.
Explain what you will do to find out the cause of the problem and
recommend a solution
to the problem.
at least two ways of gathering
information and one valid approach to
problem solving
In: Operations Management