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IN WHAT TYPES OF SITUATIONS IS QUEUING ANALYSIS MOST APPROPRIATE? WHAT ARE THE MOST COMMON MEASURES OF SYSTEM PERFORMANCE IN A QUEUING ANALYSIS?
In: Operations Management
You, as a HR Generalist, have been asked by your HR Director for your recommendations in terms of what tools your organization could use to better manage the talents of your employees. This will help to develop policies and procedures in managing your human capital. Please develop a PowerPoint presentation to your Director addressing the following:
In: Operations Management
What are the 5 Marketing Concepts that you should take into consideration when developing Marketing Strategies for Subway?
In: Operations Management
part 2
Duque Vergere manages a Do or Die Theater complex called Cinema I, II, III, and IV. Each of the four auditoriums plays a different film; the schedule staggers starting times to avoid the large crowds that would occur if all four movies started at the same time. The theater has a single ticket booth and a cashier who can maintain an average service rate of 280 patrons per hour. Service times are assumed to follow an exponential distribution. Arrivals on a normally active day are Poisson distributed and average 210 per hour. To determine the efficiency of the current ticket operation, Duque Vergere wishes to examine several queue-operating characteristics.
d.) What is the average time spent waiting in line to
get to the ticket window?
e.) What is the probability that there are more than two people in
the system? More than three people? More than four?
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You will prepare a comprehensive 3-page proposal based In this Company HP you must find additional funding necessary to purchase the company (not just to invest), and as an owner you need to identify what innovations (think beyond the obvious) are necessary to help the company achieve an improved financial status, increased global market share, and set new goals for a 5 year growth plan. As a leader, what change initiatives would you create and why? Provide a professional rationale using evidence.
I chose HP company.And provided detail information with introductions,refernces,conclusion
In: Operations Management
Provide a brief explanation and its importance ensuring that a firm improve its bottom line if you choose the step 4 Check whether the firm’s resources fit the resource requirements of its present business lineup to improve a diversified company's overall performance.
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Use the newly created range names to create a formula to calculate Gross Profit (cell B12) and Net Profit (cell B13).
In: Operations Management
It has been argued that bureaucratic control systems are a holdover from a time when businesses, products, technologies, and society itself ran, and changed, at a far slower pace than it does today. Due to the rapid growth of global competition, the acceleration of technological change, and the growing interconnectedness of individuals some believe that bureaucracies should be replaced by more agile and dynamic mechanisms. For example, statistical process control, one of a number of tools and methods W. Edwards Deming successfully advocated after World War II, strived to improve quality and productivity by removing sources of variation. Detractors assert that business in today’s agile world changes too quickly for statistical process control to be useful. Attack or defend the position that the basic ideas of bureaucratic control systems are still relevant in today’s world, and support your argument.
In: Operations Management
42-10. AQUESTION OF ETHICSBetween 1970 and 1981, Sanford Weill served as the chief executive officer (CEO) of Shearson Loeb Rhodes and several of its predecessor entities (collectively “Shearson”). In 1981, Weill sold his controlling interest in Shearson to the American Express Co., and between 1981 and 1985, he served as president of that firm. In 1985, Weill developed an interest in becoming CEO for BankAmerica and secured a commitment from Shearson to invest $1 billion in BankAmerica if he was successful in his negotiations with that firm. In early 1986, Weill met with BankAmerica directors several times, but these contacts were not disclosed publicly until February 20, 1986, when BankAmerica announced that Weill had sought to become its CEO but that BankAmerica was not interested in his offer. The day after the announcement, BankAmerica stock traded at prices higher than the prices at which it had traded during the five weeks preceding the announcement. Weill had discussed his efforts to become CEO of BankAmerica with his wife, who had discussed the information with her psychiatrist, Dr. Willis, prior to BankAmerica’s public announcement of February 20. She had also told Dr. Willis about Shearson’s decision to invest in BankAmerica if Weill succeeded in becoming its CEO. Willis disclosed to his broker this material, confidential information and purchased BankAmerica common stock. After BankAmerica’s public announcement and the subsequent increase in the price of its stock, Willis sold his shares and realized a profit of approximately $27,500. The court held that Willis was liable for insider trading under the misappropriation theory. [United States v. Willis, 737 F.Supp. 269 (S.D.N.Y. 1990)]1. The court stated in its opinion in this case that “[i]t is difficult to imagine a relationship that requires a higher degree of trust and confidence than the traditional relationship of physician and patient.” It then quoted the concluding words of the Hippocratic oath: “Whatsoever things I see or hear concerning the life of men, in my attendance on the sick or even apart therefrom, which ought not be noised abroad, I will keep silence thereon, counting such things to be as sacred secrets.” The court held that Willis had violated his fiduciary duty to Mrs. Weill, his patient, by investing in BankAmerica stock. Do you agree that Willis’s private investments, which were based on information learned through his sessions with Mrs. Weill, constituted a violation of his duty to his patient? After all, Willis had not “noised abroad” Mrs. Weill’s secrets—that is, he had not told others (except for his stockbroker) about the information. If you had been in Willis’s shoes, would you have felt ethically restrained from trading on the information?2. Can you think of any ways in which Willis’s trading could have been harmful to Mrs. Weill’s interests? Does your answer to this question have a bearing on how you answered Question 1?3. Do you think that the misappropriation theory of liability imposes too great a burden on outsiders, such as Willis? Why or why not? How might you justify, from an ethical point of view, the application of the misappropriation theory to “outsider trading”?
In: Operations Management
8. A decision maker is faced with three decision alternatives and four states of nature shown in the following profit (pay- off) table in terms of Millions.
Payoff table for three Decision alternatives and four states of nature
Decision Alternatives |
S1 |
S2 |
S3 |
S4 |
A |
$ 12 |
$ 7 |
$ 8 |
$ 3 |
B |
$ 9 |
$ 8 |
$ 13 |
$ 5 |
C |
$ 7 |
$ 6 |
S 9 |
S 11 |
If the decision maker knows nothing about the probabilities of the four states of nature (s1, s2, s3, and s4) then what would be your decision; (2+ 2+4 + 4+3=15)
Ans.
What decision?
Value of decision?
Ans.
What decision?
Value of decision?
Ans.
What decision?
Value of decision?
Ans.
What decision?
Value of decision?
Ans.
In: Operations Management
42-9. Definition of a Security. In 1997, Scott and Sabrina Levine formed Friendly Power Co. (FPC) and Friendly Power Franchise Co. (FPC-Franchise). FPC obtained a license to operate as a utility company in California. FPC granted FPC-Franchise the right to pay commissions to “operators” who converted residential customers to FPC. Each operator paid for a “franchise”—a geographic area, determined by such factors as the number of households and competition from other utilities. In exchange for 50 percent of FPC’s net profits on sales to residential customers in its territory, each franchise was required to maintain a 5 percent market share of power customers in that territory. Franchises were sold to telemarketing firms, which solicited customers. The telemarketers sold interests in each franchise to between fifty and ninety-four A-4 APPENDIX A: ALTERNATE CASE PROBLEMS—CHAPTER 42“partners,” each of whom invested money. FPC began supplying electricity to its customers in May 1998. Less than three months later, the Securities and Exchange Commission (SEC) filed a suit in a federal district court against the Levines and others, alleging that the “franchises” were unregistered securities offered for sale to the public in violation of the Securities Act of 1933. What is the definition of a security? Should the court rule in favor of the SEC? Why or why not? [SEC v. Friendly Power Co., LLC, 49 F.Supp.2d 1363 (S.D.Fla. 1999)]
In: Operations Management
42–3. Insider Trading.
Scott Ginsburg was chief executive officer (CEO) of Evergreen Media
Corp., which owned and operated radio stations. In 1996, Evergreen became interested in
acquiring EZ Communications, Inc., which also owned radio stations. To initiate negotiations,
Ginsburg met with EZ’s CEO, Alan Box, on Friday, July 12. Two days later, Scott phoned his
brother Mark, who, on Monday, bought 3,800 shares of EZ stock. Mark discussed the deal with
their father Jordan, who bought 20,000 EZ shares on Thursday. On July 25, the day before the
EZ bid was due, Scott phoned his parents’ home, and Mark bought another 3,200 EZ shares.
The same routine was followed over the next few days, with Scott periodically phoning Mark or
Jordan, both of whom continued to buy EZ shares. Evergreen’s bid was refused, but on August
5, EZ announced its merger with another company. The price of EZ stock rose 30 percent,
increasing the value of Mark and Jordan’s shares by $664,024 and $412,875, respectively. The
Securities and Exchange Commission (SEC) filed a civil suit in a federal district court against
Scott. What was the most likely allegation? What is required to impose sanctions for this
offense? Should the court hold Scott liable? Why or why not? [
SEC v. Ginsburg,
362 F.3d 1292
(11th Cir. 2004)]
In: Operations Management
A discussion of your opinion on how the travel and tourism industry might change because of Covid19. What might the new normal look like? How will things change? May be written in 1st person.
In: Operations Management
Disney uses a service matrix tool as a diagnostic tool to ensure optimal customer service.
For a business of your choice, like Starbucks, Target, Townfair Tire, Walmart…etc make a table where the first column lists the business services standards and first row shows the delivery mechanisms for those service standards. It should be a matrix tool (look up Disney service delivery matrix tool).
In: Operations Management