Questions
what are the two most important skills a business analyst should have when trying to attack...

what are the two most important skills a business analyst should have when trying to attack a business intelligence problem? Why do you feel this way?

In: Operations Management

For Bill Gates and for Steve Jobs, Describe the leaders’ styles in as much detail as...

For Bill Gates and for Steve Jobs, Describe the leaders’ styles in as much detail as possible.

In: Operations Management

The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying...

The Economic Order Quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs included in the model are holding cost per unit, ordering cost and the cost of goods ordered. The assumptions for that model are that only a single item is considered, that the entire quantity ordered arrives at one time, that the demand for the item is constant over time, and that no shortages are allowed.

Suppose we relax the first assumption and allow for multiple items that are independent except for a restriction on the amount of space available to store the products. The following model describes this situation:

Let Dj = annual demand for item j
Cj = unit cost of item j
Sj = cost per order placed for item j
i = inventory carrying charge as a percentage of the cost per unit
W = the maximum amount of space available for all goods
wj = space required for item j

The decision variables are Qj, the amount of item j to order. The model is:

In the objective function, the first term is the annual cost of goods, the second is the annual ordering cost (Dj/Qj is the number of orders), and the last term is the annual inventory holding cost (Qj/2 is the average amount of inventory).

Set up a spreadsheet model for the following data:

Item 1 Item 2 Item 3
Annual Demand 2,500 2,500 1,500
Item Cost ($) 100 50 80
Order Cost ($) 165 145 125
Space Required (sq. feet) 50 25 40

W = $21,000

i = 0.3

Solve the problem using Excel Solver. Hint: You will need to start with decision variable values that are greater than 0 for Solver to find a solution.

If required, round your answers to two decimal places.

Optimal Solution:

Q1 =  

Q2 =  

Q3 =  

If required, round your answer to the nearest dollar. Do not round intermediate calculations.

Total cost = $

In: Operations Management

The accounting department needs to forecast electricity expense for one of the buildings. The data for...

The accounting department needs to forecast electricity expense for one of the buildings. The data for several months is supplied below. Be careful since the data is listed beginning with the most recent. The forecasting method to be used here is the linear regression. Please round your forecast to the nearest whole number.

Apr 2020: 1463 Mar 2020: 1372 Feb 2020: 1087 Jan 2020: 1316 Dec 2019: 1346 Nov 2019: 1224
Oct 2019: 1050 Sep 2019: 1201 Aug 2019: 1320 Jul 2019: 1232 Jun 2019: 1472 May 2019: 1323
Apr 2019: 1490 Mar 2019: 1464 Feb 2019: 1147 Jan 2019: 1208 Dec 2018: 1471 Nov 2018: 1085
Oct 2018: 1477 Sep 2018: 1045 Aug 2018: 1473 Jul 2018: 1171 Jun 2018: 1480 May 2018: 1433
Apr 2018: 1369 Mar 2018: 1157 Feb 2018: 1079 Jan 2018: 1095 Dec 2017: 1127 Nov 2017: 1445
Oct 2017: 1381

In: Operations Management

in VBA What is the major benefit of using Select Case over IF statements? Provide an...

in VBA

What is the major benefit of using Select Case over IF statements? Provide an example of when you would use Select Case.

In: Operations Management

Can a Single Online Respondent Pool Offer a Truly Representative Sample? Online research programs can often...

Can a Single Online Respondent Pool Offer a Truly Representative Sample?

Online research programs can often benefit by building samples from multiple respondent pools. Achieving a truly representative sample is a difficult process for many reasons. When drawing from a single source, even if researchers were to use various verification methods, demographic quotas, and other strategies to create a presumably representative sample, the selection methods them- selves create qualitative differences—or allow them to develop over time. The same is true of the parameters under which the online community or respondent pool was formed (subject matter mix, activities, interaction opportunities, etc.). Each online community content site is unique, and members and visitors choose to participate because of the individual experience their preferred site provides. As such, the differences between each site start to solidify as site members share more and more similar experiences and differences within the site’s community decrease. (Think, birds of a feather flock together.)

As such, researchers cannot safely assume that any given online respondent pool offers an accurate probability sample of the adult U.S. or Internet population. Consequently, both intrinsic (personality traits, values, locus of control, etc.) and extrinsic (panel tenure, survey participation rates, etc.) differences will contribute variations to response‐measure distribution across respondent pools. To control distribution of intrinsic characteristics in the sample while randomizing extrinsic characteristics as much as possible, researchers might need to use random selection from multiple respondent pools.

The GfK Research Center for Excellence in New York performed a study to see how the distribution of intrinsic and extrinsic individual differences varied between respondent pools. Respondents were drawn from five different online resource pools, each using a different method to obtain survey respondents. A latent class regression method separated the respondents into five underlying consumer classes according to their Internet‐usage driver profiles.

Researchers then tested which of the intrinsic characteristics tended to appear within the different classes. No variable appeared in more than three classes. Furthermore, the concentration of each class varied considerably across the five respondent pools from which samples were drawn.

Within the classes themselves, variations appeared in their demographic distributions. One of the five experienced a significant skew based on gender, and two other classes exhibited variable age concentrations, with one skewed toward younger respondents and the other toward older ones.

Overall, GfK’s study revealed numerous variations across different respondent resource pools. As their research continues, current findings suggest that researchers must be aware of these trends, especially in choosing their member acquisition and retention strategies and in determining which and how many respondent pools to draw from.

  1. If one respondent pool is not sufficient, how many do you think you would have to draw from to get a truly representative sample? Why do you think that?
  2. When creating a sample, how would you propose accounting for the types of extrinsic characteristics mentioned?

In: Operations Management

Walt Disney Human resource management? a) Selection = 1 page b) compensation = 1 page Please...

Walt Disney Human resource management?
a) Selection = 1 page
b) compensation = 1 page
Please refrences(intext citation) needed

In: Operations Management

How could have technology improved the onboarding experience for new hires?

How could have technology improved the onboarding experience for new hires?

In: Operations Management

think of two organizations, activities, clubs, etc. that you are involved in (or very familiar with)....

think of two organizations, activities, clubs, etc. that you are involved in (or very familiar with). This can be a sports team, church group, school club or organization, job, etc.

Write a press release for 2 different organizations/groups based on an actual or hypothesized upcoming/ongoing event. You must choose two different groups/events and have two different press releases. The body of each release must be at least 300 words in length (headings that include your contact information are excluded from the word count). Yes, that means the total of your two submissions is at least 600 words in length!

Examples?

Health center opening or offerings

Emergency Management courses offered

Political candidacy announcement

School club fundraiser/community service event

Winning of sports championship

…..or whatever else real or fictitious you would like to use as your subject matter.

In: Operations Management

Answer the following three questions. You can use any reference to write your answers (e.g., textbook,...


Answer the following three questions. You can use any reference to write your answers (e.g., textbook, articles, internet web pages, etc.


1. Your boss told you that he wants to put you on charge of the opening ceremony for company new plant in Jeddah. He gives you the authority to choose your team members and to make all necessary decisions. The ceremony will be held on October 30th. Explain in details how are you going to manage your team throughout the assignment.
2. One day you came back home to find your older brother setting there. You asked him: “Why did you come early from work?” He replied: ”I did not go to work today.” You noticed that he was frustrated and nervous. Obviously, his job satisfaction is low. Using what you have learned from this course, explain in details what are the possible reasons for his dissatisfaction.
3. You have decided to become the president of the student club at the college. Based on what you have learned from the topics of leadership, power & politics, and conflict & negotiation, explain in details how you are going to practice your leadership role as the club president.

The length of your answers shall not exceed 6 pages (2 pages for each question).

In: Operations Management

Discuss the origin of the institutional approach to marketing with references using APA 6th reference format

Discuss the origin of the institutional approach to marketing with references using APA 6th reference format

In: Operations Management

John Tuckland, the CEO of the Storedalsgatan (STI), believes that the company can significantly increase its...

John Tuckland, the CEO of the Storedalsgatan (STI), believes that the company can significantly increase its operating profit by implementing supply chain management. STI manufactures a variety of consumer electronic products, from hair dryers to humidifiers to massagers, for the world market.

John believes that STI has already integrated its internal processes and is ready to proceed with external integration. However, he is uncertain as to which direction to take. Should the company work on integrating the suppliers or the distributors first? Currently, STI uses approximately 1250 different components and/or raw materials in manufacturing its product line. Those components and raw materials are purchased from approximately 275 different suppliers around the world. In terms of distribution, STI currently sends its finished products to a central warehouse that supplies 10 regional distribution centers (RDC); 6 are domestic and 4 are located outside of the United States. Each RDC supplies an average of 12 local distributors that each supply an average of 25 retailers.

John is looking for some advice.

1. Briefly describe STI's supply chain.

2. What are the advantages that STI can gain by implementing supply chain management?

3. What would you recommend STI attempt next? Should it work on integrating the suppliers or the distributors first? Or should it work on both simultaneously?

4. What are your recommendations with regard to the external distributors?

In: Operations Management

The company officers have made a decision to develop partnerships with a group of distributors. These...

The company officers have made a decision to develop partnerships with a group of distributors. These distributors will employ sales people to call on retailers who sell Body Glove products. What steps can Body Glove take to ensure that retailers and retail customers receive excellent service? Give reasons to justify your steps

In: Operations Management

modern inspection technologies are either optical or non-optical, search for 5 different modern inspection technologies and...

modern inspection technologies are either optical or non-optical, search for 5 different modern inspection technologies and summarize their: (a) working principle(s); (b) applications in the industry; (c) effectiveness in finding the defects; (d) speed of inspection in high-volume manufacturing settings, and (e) ability to perform non-destructive testing on the samples .for example Radiation techniques or Ultrasonic techniques.

In: Operations Management

how can you apply social media monitoring learning to the company you are working with right...

how can you apply social media monitoring learning to the company you are working with right now or your personal brand?

In: Operations Management