Westchester Teaching Hospital System is not-profit organization that owns and operates six hospital campuses and a variety of off-campus ambulatory services. The organization has revenues of over $1 billion. They are affiliated with 3 medical schools with over 400 residents. You are the new manager for the ambulatory care department. You have been bought onboard to develop and implement strategies to expand the department. Here are some facts you need to know:
1. Inpatient services represent 65 percent of the operating revenues.
2. Outpatient services represent 35 percent.
3. Resources for the department are scarce.
4. His department has been underfunded for a while now.
5. Meaningful financial and statistical data does not exist.
6. He has a staff of 50 people (administrative and clinical)
7. There has been some open hostility between the 2 groups.
8. The supervisors do not take direction well.
9. Staff don't follow the rules (come in late, call out a lot, miss due dates, rude to patients and staff).
10. The ambulatory care area is outdated and not very appealing.

QUESTION: How will you achieve the goals you've been given while acclimating to the new unit? You will need to address the issues listed above in your evaluation.

Indicate whether you think the following situations describe an employee relationship or an independent contractor?  What factors do you base your decision on?

Sara work as a clerk in Ann’s Dress Shop. Ann withholds federal taxes from her pay, and controls the methods and details of the performance of her work.

1.  Sara is an:  

Why?

Ann hires Krupp Carpet Company to clean the carpets of her shop. Ann gives Krupp instructions as to what needs to be cleaned and when.

2.  Krupp is an:

Why?

Janet and Rob work at ABC Interiors. Janet is a designer who works with cli­ents of ABC on interior design projects. ABC closely supervises all of its design­ers, and dictates their work schedules. Rob works part-time in the evenings maintaining the computer equipment.

3.  Janet is an:

Why?

4.  Rob is an:

Why?

An advantage of a centralized organization is that it:

a. tends to have a uniform customer approach across the front lines.

b. typically has a high level of employee morale.

c. gives decision-making power to employees at all levels of the organization.

d. is highly responsive to customer needs.

1. What role did Steve Jobs' marketing skills play in his success? Did he plan to create disruptive or sustaining innovations?
2. Pick one product he created and describe how his segmentation, targeting, and positioning strategies were different than his competitors.
3. Although his ultimate target market was the consumer, how important was his interaction in the business market to his success.
4. How would the world be different today without the innovative impact of Steve Jobs' work?

what do business students such as you need to do to ensure their continued success (and employability) as the operations mangement with the adoption of advanced robotics ? (e.g. To facilitate the success of auto-manufacturers as 3D technology advances, managers must … The skills managers need to thrive in this new environment are …).

Assume you are a woman working at Floridian Resorts and you have observed that you are paid $20,000 less per year than two men in your area who are doing the exact same job and all of you have the same identical degree. You actually have 5 more years work experience than the two men in your area. You have mentioned this to your male boss, but he seemed reluctant to address your concerns. After 3 months, he calls you to inform you that you are receiving a 15% raise, which is very nice ... however, you will still be earning about $5,000 less than the two men on the team. It's well known that most organizations in the area, including Floridian Resorts, are experiencing dramatic budget cuts. Although you are appreciative of the raise, you are still discouraged that you are still not paid equally. What recourse do you have?

What types of media exist and what type of information or material do they seek both pre-hazard/disaster and post-hazard/disaster? Why can be/is the media important to the emergency manager? Give examples of its importance to the emergency manager.

Business Problem: A computer company produces laptop and desktop computers. The data analytics team in collaboration with the marketing team developed a predictive model that forecasts the expected demand for laptops to be at least 1,000, and for desktops to be at least 800 per day. (Assumption: production is in accordance with the demand) The production facility has a limited capacity of no more than 2,000 laptops and 1,700 desktops per day. The Sales Department indicates that contractual agreements of at most 2,000 computers per day must be satisfied. Each laptop computer generates $600 net profit and each desktop computer generates $300 net profit. The company wants to determine how many of each type should be made daily to maximize net profits.

2. Formulate a linear programming model that represents the preceding business challenge. b. Identify the decision variables. c. What is our objective function in terms of these decision variables, write down its mathematical equation) d. What are the constraints for this problem, write down their respective mathematical equations.

b) Decision Variables: X (laptop) & Y (desktop) # of units to produce for laptop & desktop a day

c) Objective function: Maximize the profit

Max profit Z = 600x + 300y

d) Constraints:

Expected demand x=>1000 and y=>800

Production capacity x<=2000, y<=1700

Contractual agreements x + y <=2000      non negative restrictions x=>0 and y=>0

NEED HELP WITH IpsolveAPI Library in R

3. Solve the problem using lpSolveAPI library in R to come up with the most optimum solution of this problem a. Write down R program to get the most optimal solution b. What is the optimal number of laptop and desktop computers to be made each day? c. What is the value of the objective function (total net profit) for the solution?

install.packages('lpSolveAPI')

library(lpSolveAPI)

lprec <- make.lp(0,2)

lp.control(lprec,sense="max")

set.objfn(lprec,c(600,300))

Plastic Products Ltd is a company that produces and markets plastic cups, teaspoons, knives and forks for the catering industry. The company was established in 1974 in response to the changes taking place in the catering industry. The growth of the fast food sector of the market was seen as an opportunity to provide disposable eating utensils which would save on human resources and allow the speedy provision of utensils for fast customer flow. In addition, Plastic Products has benefited from the growth in supermarkets and sells ‘consumer packs’ through four of the large supermarket groups. The expansion of sales and outlets has led Jim Spencer, the sales manager, to recommend to Bill Preedy, the general manager, that the present salesforce of two regional representatives be increased to four. Spencer believes that the new recruits should have experience of selling fast-moving consumer goods since essentially that is what his products are. Preedy believes that the new recruits should be familiar with plastic products since that is what they are selling. He favours recruiting from within the plastics industry, since such people are familia rwith the supply, production and properties of plastic and are likely to talk the same language as other people working at the firm.

1. What general factors should be taken into account when recruiting salespeople?

2. Do you agree with Spencer or Preedy or neither?

Turnover is a common metric used by HR professionals. Why is it

so common, and how can it be used to positively affect the overall

operations of the hospital?

Compare the specific design characteristics of formalization, centralization, employee kill level, span of control, and communication and coordination for routine technology and nonroutine tasks.

Sponsorship

What do you think are the types of sponsorships becoming more popular nowadays, and why? Give examples to support your answer.

1. Cointegration

For the macro data file consider interest rates of different maturities from 3 months to 10 years: USTB3M USTB6M USTB3Y USTB5Y USTB10Y

1. Test for unit root each variable and perform the Engle Granger test of cointegration for

1. 3 month and 6 month interest rates
2. 3 month and 10 year interest rates
3. Explain results in (a) and (b). What can you say about the spread between the rates?

2. Would you use a VAR (Vector Autoregression) or VEC (Vector Error Correction) for further modelling of interest rates in cases (a) and (b) above? Explain in words (no computer work needed).