In: Operations Management
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 …).
In: Operations Management
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?
In: Operations Management
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.
In: Operations Management
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))
In: Operations Management
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?
In: Operations Management
In: Operations Management
In: Operations Management
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?
In: Operations Management
Compare the specific design characteristics of formalization, centralization, employee kill level, span of control, and communication and coordination for routine technology and nonroutine tasks.
In: Operations Management
Sponsorship
What do you think are the types of sponsorships becoming more popular nowadays, and why? Give examples to support your answer.
In: Operations Management
For the macro data file consider interest rates of different maturities from 3 months to 10 years: USTB3M USTB6M USTB3Y USTB5Y USTB10Y
In: Operations Management
Consider this situation: A police officer arrives at the scene of an accident and finds a load of straw bales partly on the back of a pickup truck and partly on the hood of a Jaguar sedan. Both vehicles are facing in the same direction. The pickup is in front of the Jaguar. The truck driver claims that she was stopped at the stop sign when the Jag drove into the back of her truck. The Jaguar driver claims that he was stopped behind the pickup when the truck suddenly backed up. Given this information decide whether each statement is true or false.
True False These results are impossible. The bales would
have fallen forward in this type of accident.
True False The pickup could have backed into the
Jaguar.
True False If the vehicles were both moving (truck in
reverse and car forward), the pickup must have been moving
faster.
True False There is not enough information to determine
who is at fault.
True False The Jaguar must have driven into the
pickup.
True False Regardless of fault, the apparent motion of
the bales results from them seeking the natural state of rest.
These are my incorrect attempts:
| 1 | Incorrect. (Try 1) | Fri Apr 3 09:07:53 pm 2020 (PDT) |
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| 2 | Incorrect. (Try 2) | Fri Apr 3 09:21:00 pm 2020 (PDT) |
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| 3 | Incorrect. (Try 3) | Fri Apr 3 09:29:09 pm 2020 (PDT) |
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| 4 | Incorrect. (Try 4) | Sat Apr 4 08:49:33 pm 2020 (PDT) |
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In: Operations Management
In: Operations Management
George Flynt and Stan Hefner were the only two members of Sunshine Landscaping, LLC, a limited liability company organized for the purpose of providing lawn care and landscaping services. Stan regularly took care of all the finances for the company, and George regularly performed the work for clients, though neither had specific duties. George met with clients, quoted them fees, obtained all the tools and products necessary to perform the job, and completed the service for the client. Stan paid the bills and invoiced clients, but sometimes when Stan was on vacation, George would take over the finances while he was away. However, when George was on vacation, the business would be closed for the week because Stan did not want to perform the service work himself. Sunshine Landscaping had regular accounts with all the local plant nurseries. Normally, George would place an order for plants, Sunshine Landscaping would be invoiced by the nursery, and then Stan would pay the invoice. One day Mary, a customer of Sunshine Landscaping, asked the company to remove from her property a large tree which was touching some power lines. George surveyed the property and could see that, indeed, the tree was dangerously close to the power lines and, because the houses were so close together, there was no place for the tree to fall if he cut it down. He knew the job would be too big for Sunshine Landscaping and would require special skill which neither he nor Stan had. He considered advising Mary to contact a tree removal company, but then decided to accept the job, hire a tree removal company as a subcontractor, and then upcharge Mary 10 percent for acting as the general contractor. He emailed Tree Down, a company specializing in tree removal, via the company’s contact form online. George provided his cell phone number, his business email address, and stated “I need to get a quote to have a tree removed at 203 Main Street. Please provide me with an estimated cost.” That afternoon, Tree Down sent George the following estimate: Eager to get the project underway, George signed the estimate “George Flynt” above the customer signature line and immediately emailed it back to the company. George called Mary to tell her the cost would be $4,400, and Mary immediately put a check in the mail to Sunshine Landscaping for the full amount. Several days later, Tree Down cut down the tree, hauled it away, and invoiced George Flynt at the email address he provided on the contact form. George printed the email and invoice and then handed it to Stan. Stan put the invoice on a pile of other bills without looking at it. Several weeks later, Stan proposes to George, “We have so many bills for the business, and we aren’t making enough to pay them and pay ourselves a decent amount. Let’s just file for bankruptcy for this business. We can get out of paying all these bills and then start a new landscaping company.” George disagreed with Stan’s proposal and disliked how Stan handled business matters generally, so George decided to withdraw as a member of the LLC. There was no operating agreement in place for the management of the LLC, so George and Stan decided to write a separation agreement as follows: A month goes by and having not yet been paid, Tree Down initiated an action against George Flynt, personally, for $4,000. Upset, George starts researching the law and discovers the following state statute: “§301 Each member of a Limited Liability Company is an agent of the company for the purpose of its business and the member’s acts for apparently carrying on in the ordinary course of the company’s business binds the company, unless the member lacked the authority to act and the third party knew or should have known that the member lacked authority.” Group Work/Role Play:
1. Gather into small groups and pretend you are the owners of Tree Down. Come up with the best legal argument for holding George and Sunshine Landscaping, LLC, each individually liable for the $4,000. What facts support your legal argument?
In: Operations Management