Questions
What are some recommendations for a workplace design (considering design for routine operations as well as...

What are some recommendations for a workplace design (considering design for routine operations as well as spills, leaks, and emergencies) specifically for machine operators? In this case, looking at machine operators who deal with machinery that processes from raw material to finished goods.

In: Operations Management

Look up ONET for one of IKEA's jobs: retail department manager/first line supervisor. What are the...

Look up ONET for one of IKEA's jobs: retail department manager/first line supervisor. What are the main topic areas/headings on the job description summary? How could it be used to help IKEA managers and their HRD?

In: Operations Management

Suppose you are marketing Self checkout carts to India. what will be the major problems or...

Suppose you are marketing Self checkout carts to India. what will be the major problems or resistance to product acceptance. Consider 5 factors affecting the rate in which new product will be adopted.
1. Relative advantage
2. compatibility
3.Complexity
4. Divisibility
5. Communicability

In: Operations Management

List the 6 reasons business carry inventory. Briefly explain 2 of these reasons. Discuss the key...

List the 6 reasons business carry inventory. Briefly explain 2 of these reasons.

Discuss the key challenges and solutions associated with distribution management.

In: Operations Management

Crude futures in New York were lower on Wednesday, following a record decline in the first...

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter

Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.

While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.

President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.

The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.

Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.

Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.

“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”

Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of 10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil supply, was assessed at $17.675 on Tuesday, down 11.5 cents from Monday when it was already the lowest price since 2002

.

Required Question

Question 01: Discuss the major drawbacks in the Gulf Countries economy?

In: Operations Management

Crude futures in New York were lower on Wednesday, following a record decline in the first...

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter

Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.

While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.

President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.

The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.

Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.

Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.

“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”

Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of 10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil supply, was assessed at $17.675 on Tuesday, down 11.5 cents from Monday when it was already the lowest price since 2002

.

Required Question

Question 01: What are the major threat in the fall of Oil Price in the OPEC?

Question 02: What are the entrepreneurial skills needed in order to draw different businesses in the Gulf countries?

Question 03: Discuss the major drawbacks in the Gulf Countries economy?

In: Operations Management

1. As part of a major plant renovation project, the industrial engineering department has been asked...

1. As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly operation to achieve an output of 240 units per eight-hour day. Task times and precedence relationships are as follows:

Task

Duration (minutes)

Immediate Predecessor

A

0.3

-

B

0.5

A

C

0.4

B

D

0.5

-

E

1.9

D

F

0.8

C

G

1.2

E, F

  1. Draw the precedence diagram.
  2. Determine the minimum cycle time, the maximum cycle time, and the calculated cycle time.
  3. Determine the minimum number of stations needed.
  4. Assign tasks to workstations on the basis of most following tasks. Use longest processing time as a tiebreaker. If ties still exist, assume indifference in choice.
  5. Compute the percentage of idle time for the assignment in part d.

In: Operations Management

Crude futures in New York were lower on Wednesday, following a record decline in the first...

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter

Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.

While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.

President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.

The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.

Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.

Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.

“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”

Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of 10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil supply, was assessed at $17.675 on Tuesday, down 11.5 cents from Monday when it was already the lowest price since 2002

.

Required Question

Question 01: What are the major threat in the fall of Oil Price in the OPEC?

Question 02: What are the entrepreneurial skills needed in order to draw different businesses in the Gulf countries?

Question 03: Discuss the major drawbacks in the Gulf Countries economy?

In: Operations Management

How to answer to the questions based on the case below? You are the newly appointed...

How to answer to the questions based on the case below?

You are the newly appointed Purchasing Director for an international company sourcing material from suppliers in different continents. You found that in recent years, there has been a number of incidents happened that caused significant disruptions to the supply chain. A consultant hired by the company recommend using a probability/impact model to analyse supply chain risks and plan appropriate responses.

  1. Explain the risk probability/impact analytical model
  2. Provide an example of a high probability / low impact risk and recommend a response
  3. Provide an example of a low probability / high impact risk and recommend a response

In: Operations Management

in your own words Write a paragraph about the importance of college registrar's office ? What...

in your own words Write a paragraph about the importance of college registrar's office ? What are the roles and functions of registrar's ? What are the virtual activities and communication that can be offered by registration ( registrar's) ?

In: Operations Management

Apply the concepts of strategy formulation and implementation to your college experience. What was your objective...

Apply the concepts of strategy formulation and implementation to your college experience. What was your objective in going to college? When did you strategy for achieving this objective emerge? Has it ever changed? How would you adapt the implementation levers and strategic leadership roles to evaluate how well you have implemented your strategy? What is your overall personal evaluation?

In: Operations Management

A producer of plastic mugs is considering the addition of a new plant to absorb the...

A producer of plastic mugs is considering the addition of a new plant to absorb the backlog of demand that now exists. The primary location being considered will have fixed costs of $12,000 per month and variable costs of 60 cents per unit produced. Each item is sold to retailers at a price that averages 82 cents. (please Show work)

a) What sales volume per month is required in order for the producer to break even? b) What profit would be realized on a monthly volume of 54,000 units?

c) What volume is needed to obtain a profit of $19,000 per month?

d) What volume is needed to provide a revenue of $35,000 per month?

e) Plot the total cost and total revenue lines.

In: Operations Management

Capacity planning are strategic decisions, because: Impact organizations ability to meet future demands Affect operating costs...

  1. Capacity planning are strategic decisions, because:
    1. Impact organizations ability to meet future demands
    2. Affect operating costs
    3. Do not involve long-term commitment of resources
    4. Cannot affect competitiveness
    5. Alternatives a) and b) are both correct
  2. True/False: Control charts are the difference between the actual value and the value predicted

In: Operations Management

Crude futures in New York were lower on Wednesday, following a record decline in the first...

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter

Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes.

Crude futures in New York were lower on Wednesday, following a record decline in the first quarter.

While state-run Aramco’s oil supply has surpassed 12 million barrels a day and is ticking higher, Russia said it won’t lift output as it’s not profitable to do so, according to a government official familiar with the country’s plans.

President Trump has said the US will meet with Saudi Arabia and Russia in an attempt to bolster prices.

The market is grappling with a bumper oversupply, while demand is set to fall by as much as 30 million barrels a day in April, according to an executive at the world’s largest independent oil trader.

Any agreement to cut output would likely be too late and would fall short of the loss in consumption, according to Goldman Sachs Group Inc.

Industry data signaled that US oil stockpiles are set for their biggest weekly increase since 2017.

“I don’t think they’re going to come to the table for talks just yet, because for both sides, it would require a significant step-down,” Amrita Sen, chief oil analyst at Energy Aspects said in a Bloomberg TV interview. “I do think both Russia and Saudi Arabia will be forced to cut back production, not because there’s a deal or they’re talking, but because of market forces.”

Prices:
West Texas Intermediate lost 21 cents to $20.27 a barrel as of 10.35am in London
Brent crude for June settlement fell 4.8 per cent to $25.09
Dated Brent, the benchmark for two-thirds of the world’s real oil supply, was assessed at $17.675 on Tuesday, down 11.5 cents from Monday when it was already the lowest price since 2002

.

Required Question

Question 01: What are the entrepreneurial skills needed in order to draw different businesses in the Gulf countries?

In: Operations Management

What is the balance of public and private ownership in the transportation sector? What infrastructure is...

What is the balance of public and private ownership in the transportation sector? What infrastructure is usually public and what is usually private? How do you evaluate the appropriate balance of benefit and cost for security programs between public and private entities?

In: Operations Management