The drying rate needed for the ceramic projects is dependent on many factors and varies according to the following distribution.
Minutes | Relative Frequency |
3 | .14 |
4 | .30 |
5 | .27 |
6 | .18 |
7 | .11 |
a. Compute the mean drying time. b. Using these random numbers, simulate the drying time for 12 projects. .33 .09 .19 .81 .12 .88 .53 .95 .77 .61 .91 .47 c. What is the average drying time for the 12 projects you simulated? |
Please show all work
In: Operations Management
In: Operations Management
In many respects, the Netflix HR strategy seems like a dream come true for small businesses. You don’t need a pay plan; instead, you just update each person’s pay every few months based on market surveys. You offer no training and development. And you don’t track vacation time, more or less. If someone’s not doing well, you just pay him or her to leave, with no hassles. Netflix seems to have hit upon its own version of “Netflix High-Performance Work Practices.” Given that, answer the following questions (please be specific).
18-9. What (if anything) is it about Netflix that makes its HR practices work for it?
18-10. Would you suggest using similar practices in other businesses, such as, say, a new restaurant? Why?
18-11. List the criteria you would use for deciding whether another company is right for Netflix-type HR practices.
18-12. What argument would you make in response to the following: “Netflix just lucked out; they would have done even better with conventional HR practices?”
In: Operations Management
Please answer each question in 350-500 words.
How have you observed/experienced diversity in the work place(Marriott Hotel)? This can be co-worker to co-worker, co-worker to guest, etc. These different groups include male/female, ages, sexual orientation, race, socioeconomic status, etc.
In: Operations Management
A retail company sells electronics products including mouse and keyboard. Mouse and keyboard are acquired from distinct suppliers. The monthly demand for a mouse is 2000, while the monthly demand for a keyboard is 1000 products. Mouse costs to company $12 and keyboard's cost are $18. The company has an annual holding cost of 20%, and the fixed shipment cost is $300. The procurement manager is not sure whether to order the mouse and keyboard separately or jointly. Assist with her decision making by calculating the following: 1) Optimal order size, 2) Optimal order frequency, 3) Cycle inventory, 4) Total cost of holding and ordering. Hint: Check the problem where products ordered and delivered separately vs. jointly.
Solve the problem using EXCEL.
In: Operations Management
Transaction Analysis Activity
Steamy Stacks, Inc. sells toy trains. Steamy Stacks began business on October 1 by issuing (selling) 10,000 shares of no par common stock. for $10 per share. The issuance of common stock represents investment by owners. Steamy Stacks uses the accrual method of accounting.
During the month of October, the following transactions occurred:
10/1 Issued 10,000 shares of no par common stock for $10 per share.
10/1 Paid rent of $1,500 for office and retail space for month of October.
10/5 Purchase 500 toy trains for $25 each. The trains were received by Steamy Stacks and payment is due on November 5.
10/10 Sold 150 trains for $45 each. The trains were delivered and cash was received.
HINT: Remember to ‘match’ expenses to revenue they helped to generate…
10/16 Paid $3,000 wages to employees. Employees are paid on the 1st and 16th of each month for the periods ending on the 15th and last day of month, respectively. For simplicity, assume all payments equal $3,000.
10/17 Sold 300 trains for $45 each. The trains were delivered. Payment is due on Nov. 17.
10/20 Ordered Christmas Steamy Stacks advertisement. The advertisements are scheduled to run the last week of November. The advertising agency required 40% payment with the order and the total charge was $1,300. Paid $520.
10/22 Received order for 125 trains to be delivered December 10.
10/31 Paid a cash dividend of $ .10 per share of common stock.
REQUIREMENTS:
In: Operations Management
Please answer each question in 350-500 words.
If you were running the organization(Hotel Management Group), what changes would you make and why?
In: Operations Management
Explain the compensation structure (for the 2 types of employees, manager and worker).
In: Operations Management
Strategic Results of the Company Kroger? Report and discuss key non-financial quantitative indicators. Strengths and weaknesses?
In: Operations Management
Financial Results of the company Kroger? Discuss key financial ratios and results. Keep it simple. Strengths and weaknesses?
In: Operations Management
4) The Don Levine Corporation currently produces in four different cities: Decatur, Minneapolis, Carbondale, and St Louis. They send their product to three different warehouses named Ciro, Blue Earth, and Des Moines. The table below shows the transportation cost of shipping from their current plants to their warehouses.
To |
Decatur |
Minneapolis |
Carbondale |
St. Louis |
Demand |
Blue Earth |
20 |
17 |
21 |
27 |
250 |
Ciro |
25 |
27 |
20 |
28 |
200 |
Des Moines |
22 |
25 |
22 |
31 |
350 |
Capacity |
300 |
200 |
150 |
150 |
Their production cost per facility is shown in the table below.
Location |
Decatur |
Minneapolis |
Carbondale |
St. Louis |
Production Cost |
50 |
60 |
70 |
50 |
The variables are denoted using X## where the first number is the source and the second number is the destination. Sources: Decatur = 1, Minneapolis = 2, Carbondale = 3, and St. Louis = 4. Destinations: Blue Earth = 1, Ciro = 2 and Des Moines = 3.
a) Don Levine Corporation should ship how many goods from each production facility to each warehouse? What is the cost (including production costs) of this shipping plan?
b) The State of Illinois is trying to convince the Don Levine Corporation to move their production facility from St. Louis to East St. Louis. Management has determined that with the incentives that Illinois has provided that production costs would be lower in Illinois but shipping costs to Blue Earth and Ciro would be more expensive. The production cost in East St. Louis would be $40 but the transportation costs to Blue Earth would be $29, to Ciro would be $30, and to ship to Des Moines would be $30. Assume that the corporation shuts down its St. Louis plant and moves all of its production to East St. Louis, which has a capacity of 150 units. How many goods should be shipped from each production plant to each warehouse? What is the cost (including production cost) of this shipping plan? (Hint: the shipping plans are different)
In part b East St Louis is given the source number 5.
In: Operations Management
Generic Business Level Strategies of the company Kroger? What has the company done historically? What potential future business-level strategies are available to the firm?
In: Operations Management
Outline an executive summary for an e-marketing plan to support American Eagle Outfitters. This plan must include aspects of the RACE Digital Marketing Planning Framework and its Facebook media platform.
In: Operations Management
KSF Matrix of the company Kroger? Rate the firm’s competitive characteristics in comparison to those of its closest rivals. Strengths and weaknesses?
In: Operations Management
Human Resources
Given that the gig economy is becoming more prevalent and HR managers need to leverage this phenomenon, what training would be necessary for a gig worker to be most effective within an organization?
In: Operations Management