Questions
A company serves two markets in North America and has to decide on optimal order quantity...

A company serves two markets in North America and has to decide on optimal order quantity and safety stock. The demand in the first market is equal to 1, 2, 3, or 4 with equal probability, whereas the demand in the second market is equal to 3, 4, or 5 with equal probability. The company has a target level of product availability of CSL=90% on both markets.

a) (1.5 points) What is the optimal order quantity for market 1? What is the optimal safety
stock for market 1?
b) (1.5 points) What is the optimal order quantity for market 2? What is the optimal safety
stock for market 2?
c) (0.5 points) What are optimal order quantity and safety stock for the decentralized
distribution system?
d) (2.5 points) What are optimal order quantity and safety stock for the centralized distribution system?


In: Operations Management

In Gonzales v. Raich, do you think Justice Stevens, for the Opinion of the Court, or...

In Gonzales v. Raich, do you think Justice Stevens, for the Opinion of the Court, or Justice O'Connor, in her dissenting opinion gave the better argument on how the Commerce Clause should be interpreted?

In: Operations Management

The following represents a project that should be scheduled using CPM: IMMEDIATE PREDECESSORS TIMES (DAYS) ACTIVITY...

The following represents a project that should be scheduled using CPM:

IMMEDIATE PREDECESSORS TIMES (DAYS)
ACTIVITY a m b
A 1 4 7
B 1 3 5
C A 2 5 11
D A 1 8 9
E B 1 2 3
F C,D 1 6 11
G D,E 1 2 3
H F,G 2 3 3

b. What is the critical path?

B-E-G-H
A-C-F-H
A-D-F-H
A-D-G-H

c. What is the expected project completion time? (Round your answer to 3 decimal places.)

Project completion time             days

d. What is the probability of completing this project within 22 days? (Do not round intermediate calculations. Round your answer to 4 decimal places.)

Probability           

In: Operations Management

1. Why is business execution so difficult on larger initiatives? Explain in detail 2. These are...

1. Why is business execution so difficult on larger initiatives? Explain in detail

2. These are 5 factors in successful business execution: competencies, processes, disciplines, attitudes, and behaviors. Choose three 3 that you believe are the most important and explain why.

In: Operations Management

Interview a person who is employed in a sex-atypical occupation (e.g., a male dental hygienist or...

Interview a person who is employed in a sex-atypical occupation (e.g., a male dental hygienist or female professor of business in a tenure-track position). What factors affected his or her career decision? What background experiences and/or educational requirements were needed to qualify for this particular job? What were the reactions of families, friends, and coworkers? What diversity-related experiences have stood out for this person at work?

In: Operations Management

Write a short 200 words on any one thing you learned this semester about international management....

Write a short 200 words on any one thing you learned this semester about international management. Try to pick an insight that you found truly interesting and make it something that looks at the big picture of international management or trade or globalization.

In: Operations Management

How is Threat of New Entrants and Threat of Substitutes prominent in GameStop's industry?

How is Threat of New Entrants and Threat of Substitutes prominent in GameStop's industry?

In: Operations Management

Mary owns a small accounting firm named GOACCOUNTING in midtown Manhattan that has a loyal base...

Mary owns a small accounting firm named GOACCOUNTING in midtown Manhattan that has a loyal base of clients who are all in the fitness business.  The firm has been in business for 15 years. Mary’s main clients are within the State of New York. After much discussion, Mary negotiates to sell her firm to Benny for $1,000,000. As part of the agreement, Mary agrees not to practice accounting in Manhattan for a period of 18 months from the date of sale. One month after the sale of the business is made, Mary is feeling idle and bored so she begins to practice accounting again from her Manhattan apartment. She sends emails to her former clients letting them know she is “back in business.”

A - Is the agreement to sell the business from Mary to Benny fully enforceable?  

B - Does the agreement need to be in writing? Why or why not?

C - If Benny sues Mary and wins, to what relief would Benny, if any, be entitled?

Explain A-C fully.

In: Operations Management

During this time of Pandemic, many businesses did not have contingencies for this type of risk....

During this time of Pandemic, many businesses did not have contingencies for this type of risk. Please identify a company that you feel either has done a good job or a poor job managing risk. Please make recommendations the company can use in the future to improve or continue to grow.

In: Operations Management

You are a consultant to Twinkle Teeth Corporation producing titanium dental implants. The CEO insists that...

  1. You are a consultant to Twinkle Teeth Corporation producing titanium dental implants. The CEO insists that effectiveness must be evaluated by an increase in stock price to satisfy stockholders. The marketing vice president insists that the main goal is to reduce the time to bring products to the customer. The manufacturing vice president states that production costs should be the key focus of the organization. What approach is each manager using to evaluate organizational effectiveness, and What can this organization do to ensure that effectiveness is properly evaluated?

In: Operations Management

A quality control inspector has taken four samples with five observations each at the Beautiful Shampoo...

A quality control inspector has taken four samples with five observations each at the Beautiful Shampoo Company, measuring the volume of shampoo per bottle. If the average range for the four samples is 0.4 ounces and the average mean of the observations is 20.0 ounces, develop 3-sigma control limits for the bottling operation. (Round answers to 2 decimal places, e.g. 15.25.)

CL
UCL
LCL

In: Operations Management

Discuss the three factors causing uncertainty in the external environment, and based on that, Discuss the...

  1. Discuss the three factors causing uncertainty in the external environment, and based on that, Discuss the relationship between environmental uncertainty and organizational structure in terms of integration, differentiation, centralization and mutual adjustment.

In: Operations Management

Statistical Process Control T. Crews, Inc. has been contracted to make Foolio. The recipe calls for...

Statistical Process Control

T. Crews, Inc. has been contracted to make Foolio. The recipe calls for 100 milligrams of taurine in each 16-ounce bottle. To make sure that they are in compliance, T. Crews has pulled eight bottles of Foolio from its last eleven batches and tested them for taurine content. The data from these tests is below.

Use this data for questions 8 – 14.

Mg taurine per bottle

Batch

Bottle 1

Bottle 2

Bottle 3

Bottle 4

Bottle 5

Bottle 6

Bottle 7

Bottle 8

1

103.37

104.15

105.02

105.90

105.45

107.15

109.02

109.50

2

101.00

99.42

96.72

98.50

95.13

96.15

98.83

93.30

3

103.30

100.11

101.96

102.40

100.37

100.22

106.50

101.20

4

101.00

99.73

108.31

103.75

109.70

100.35

108.00

95.93

5

101.35

104.62

108.12

103.10

99.69

103.83

97.16

104.11

6

98.05

98.58

97.35

100.25

101.39

100.55

101.34

109.07

7

96.65

98.96

92.61

107.28

97.08

99.75

107.35

104.48

8

107.00

103.56

101.39

97.65

103.65

102.62

98.26

100.67

9

100.97

103.42

101.98

99.36

112.08

103.18

100.75

104.36

10

107.15

98.30

98.25

105.33

97.45

99.12

103.95

103.71

11

107.02

104.07

106.00

101.89

102.51

103.06

102.48

97.87

  1. What is UCLX-bar?

a. Less than 100.00

b. Between 100.00 and 102.00

c. Between 102.01 and 104.00

d. Between 104.01 and 106.00

e. Greater than 106.00

  1. What is LCLX-bar?

  a. Less than 96.00

b. Between 96.00 and 97.00

c. Between 97.01 and 98.00

d. Between 98.01 and 99.00

e. Greater than 99.00

  1. All points on the X-bar chart are within the control limits.

True

False

  1. Is this process considered in control?

a. Yes, because all points on the r-chart are within the control limits

b. Yes, because all points on the r-chart and x-bar chart are within the control limits

c. No, because points on the r-chart or x-bar chart are not within the control limits

d. No, because points on R chart are too close to average

  1. When an activity has two precedent activities, its early start time is equal to:

a) The later of the two precedent activities’ “Early Start” times

b) The activity’s start time minus its duration

c) The earlier of the two precedent activities’ “Early Finish” times

d) The later of the two precedent activities’ “Early Finish” times

  1. An obstacle to supply chain integration is

a) information sharing between partners

b) limited supply chain visibility

c) considering the capabilities of partners when creating new processes

d) joint investment between firms in a supply chain

In: Operations Management

review managed care contracts for different payments plan( PPO, HMO, Fee for services, etc) and describe...

review managed care contracts for different payments plan( PPO, HMO, Fee for services, etc) and describe provider incentives and risks under each of the following reimbursement methods:
a. cost-based
b.charge-based (including discounted charges)
c. per procedure
d. per diagnoses
e. per diem
f. global pricing
g. capitation

In: Operations Management

my company is swimwear 1. Which market entry strategy would be a good option for this...

my company is swimwear

1. Which market entry strategy would be a good option for this company/organization considering what product/service it markets and its current business approaches and strategy (in other words, look at ‘How to Enter the Market’).

  1. Review the Figure entitled ‘Sustainable Marketing". Which concept is this company/organization employing OR which concept should it employ?

In: Operations Management