In: Operations Management
Discuss the reasons for globalization and for using global information systems, including e-business and Internet growth
In: Operations Management
J.C. Howard's medical testing company in Kansas wishes to assign a set of jobs to a set of machines. The following table provides the production data of each machine when performing the specific job:
|
Machine |
||||
|
Job |
A |
B |
C |
D |
|
1 |
7 |
9 |
8 |
10 |
|
2 |
10 |
9 |
7 |
6 |
|
3 |
11 |
5 |
9 |
6 |
|
4 |
9 |
11 |
5 |
8 |
a) The optimal assignment of jobs to machine that will maximize total production is:
|
Machine A |
→ |
Job ___ |
|
Machine B |
→ |
Job ___ |
|
Machine C |
→ |
Job ___ |
|
Machine D |
→ |
Job ___ |
b) The total production of the assignment = ______ units (enter your response as a whole number).
Please SHOW WORK
In: Operations Management
Use Michael Porter’s Value Chain to describe how an organization should spend its information technology budget
In: Operations Management
Case: Cost System
Considerations for CANADA SNOWCONES LTD.
Canada Snowcones Ltd. (CSL) owned and operated 20 retail frozen yogurt stores spread throughout Southern Ontario, from Toronto to Windsor. CSL's stores sold only high quality, premium frozen yogurt. They offered an assortment of 35 different frozen yogurt flavours. A significant amount of the CSL flavours were special, such as "Peanut Butter Bacon", "Charcoal-Sushi", and "Tropical Cheese Sensations". However, CSL also sold a few of the classic frozen yogurt flavours, such as vanilla, milk chocolate, mint, and other singular fruit flavours. While some of the flavours were very popular, there were also some of the more peculiar flavours that had low total sales in terms of units.
CSL produced its own frozen yogurt. The founder of the company, Samantha Reynolds, had originally made the yogurt in her basement. But eventual growing demand led to Samantha renting part of factory for CSL's production. As CSL grew, Samantha was able to afford automated but more costly production equipment that blended the flavours and packaged the liquid frozen yogurt for freezing. CSL's most significant production costs were for raw materials, particularly yogurt, brown sugar, and the special flavour ingredients, and for the purchase, operation, and maintenance of production equipment.
All of CSL's products had the same retail price, as customers could choose or combine any flavours by scoops. Samantha set the prices to generate, on average, a markup of 100% on average full production costs. CSL's 2019 budget included manufacturing overhead (MOH) of $450,000. To estimate product costs, Samantha spread this MOH cost to products based on a proportion of the direct labour (DL) costs used in the production process. CSL's total DL costs for 2019 was $200,000, so Samantha charged the overhead to products at a rate of MOH to total DL costs.
Last week, Laura Horton, Samantha's babysitter for her daughter and the CEO of a large production firm, advised that Samantha's pricing strategy was not optimal. Laura's insight was that the expenses for producing CSL's numerous flavours were not uniform. She thought those inconsistencies should be reflected in the prices charged, or CSL's earnings would fluctuate as the combination of flavours sold varied.
Laura proposed that Samantha reestimate product costs using activity-based costing. She recommended that Samantha identify the major activities whose costs were included in the company's MOH costs. Then, she should apply these costs to products based on the products consumption of each of those activities. In response to Laura's suggestions, Samantha prepared the information presented below in Table 1.
Samantha decided to hire your consulting firm to help calculate the costs of two demonstrative flavours as an experiment to see if Laura's activity based costing system suggested produced any significant contrasts. She asked Laura to take her best estimate as to where she might find the most material differences, if any existed. After Samantha described the products to her, Laura suggested that she use Peanut Butter Bacon and Chocolate as the test product examples. Table 2 provides data relevant to the two selected products.
Case Questions
1. Utilizing the information above, calculate the full product cost (on a per gallon basis) of the Peanut Butter Bacon and Chocolate flavours utilizing:
a. Samantha's more traditional costing system.
b. Laura's suggestion to use activity-based costing.
2. What are the impacts, if there is any at all, of switching CSL's costing method? In particular, are the any significant contrasts between traditional costing and activity-based costing in terms of:
a. Their impact on costs for independent products.
b. Their effect on CSL's total firm income? (assuming everything else remains the same, such as production and sales prices)
c. If there are significant contrasts, why are they present? If there are no significant contrasts, why are they not present?
3. What would you recommend to be Samantha's next step, based on this analysis? Explain.
In: Operations Management
Describe in detail the different layers of the OSI model. Why is the OSI Model important?
In: Operations Management
Examine the main different types of values that a company could seek to maximize. Give your opinion as to whether or not a company should maximize its profits or social good, when these two (2) are in conflict. Provide a rationale and / or a real-world example to support your response.
In: Operations Management
Artifact of your choice
Include one other artifact that enhances your leadership. Provide a description if needed and an explanation of how or why this artifact is meaningful to your leadership or demonstrates/enhances your leadership.
In: Operations Management
Given the following problem answer the questions:
A car manufacturer is producing new cars. The setup cost of the production facilities and the unit profit for each car are given below:
Toy Setup cost ($) Profit ($)
1 45000 12
2 76000 16
The company has two factories that are capable of producing these cars. In order to avoid doubling the setup cost only onefactory could be used.
The production rates of each car are given below (in units/hour):
Car 1 Car2
Factory 1 52 38
Factory 2 42 23
Factories 1 and 2, respectively, have 480 and 720 hours of production time available for the production of these cars. The manufacturer wants to know whichof the new cars to produce, whereand how manyof each (if any) should be produced so as to maximize the total profit.
Question: Which one is the objective function?
Group of answer choices
1. max 12(x11+ x21) + 16(x12+ x22); where xij are production levels.
2. max 12(x11+ x21) + 16(x12+ x22) - 45000(f11 + f21) - 76000(f12 + f22); where f12 and f22 are binary variables and xij are production levels.
3. max 12(x1) + 16(x2) - 45000(f1) - 76000(f2); where f1 and f2 are binary variables and xij are production levels.
4. max 12(x1) + 16(x2); where xij are production levels.
Question: Which one includes some constraints of the problem?
f variables are binary and x variables are integer.
Group of answer choices
1. x1 <= (480/90) f1; x2 <= (720/65)f2
2. x1 <= 90 (480) f1; x2 <= 65 (720) f2
3. x11 <= (480/ 52) f11; x12 <=( 480/38) f12; x21 <= (720/42) f21; x22 <= (720/23) f22
4. x11 <= 52 (480) f11; x12 <= 38 (480) f12; x21 <= 42 (720) f21; x22 <= 23 (720) f22
Question: How many decision variables do we need to solve this problem?
Group of answer choices
2
8
6
Question: How many decision variables do we need to solve this problem?
Group of answer choices
2
8
6
Question: How many decision variables do we need to solve this problem?
Group of answer choices
2
8
6
In: Operations Management
Managerial theorists claim that the difference between success and failure in business is often one decision. You make the right one you survive. You make the wrong one and you don't survive. Discuss fully?
Instructions
Students should respond with at least 250-350 words with their primary posts. Research should be used to substantiate their post. This should not be your own opinion (such as I think, I believe) but should be based on research from the textbook and journal articles.
In: Operations Management
In: Operations Management
Develop an action plan to assist you in achieving your goals: think broadly here – what developmental activities/experiences do I need to engage in? What resources do I need to consult? (e.g., list books you want read, networks you hope to develop). Be specific regarding your plan.
In: Operations Management
Personal & professional goals: identify any goals you have that relate to your leadership development. You may want to identify both short-term (3-5 years) and long-term (beyond 5 years) goals.
Identify potential barriers/facilitators in meeting these goals.
In: Operations Management
In: Operations Management
a. Provide information about the corporate governance of the nestle company
b. For corporate governance ( for nestle company) indicate whether you are advocating for the separation of the role of chairperson and CEO or preferring the continued practice of allowing one corporate executive to be both chairperson and CEO for nestle company
c. What’s the main ethics problem, provide detailed information how the nestle and its managers solve the problem? Explain how would you attempt to solve it?
In: Operations Management