Explain in a few paragraphs what Right to Privacy means in the private sector workplace,. Your answer must include explanations of (1) what is the fundamental right to privacy; (2) what laws provide a right to privacy in the private sector; (3) how privacy in the private sector work place is different from general privacy rights, including areas in which an employee might reasonably expect privacy.
In: Operations Management
What do current trends say regarding social media? Would you say it has positively affected customer relationship management? Explain using the book, slides, personal examples, etc.
In: Operations Management
Describe why CRM is so important in managing supply chains. Use an example in your discussion.
In: Operations Management
Explain the AQCD Test for determining the quality of an external factor. Why should the AQCD Test be met to the extent possible in performing an external assessment?
In: Operations Management
What is the different between factors listed in an EFE Matrix versus critical success factors listed in a CPM? In which matrix is it particularly important to include specific, actionable factors? Why?
In: Operations Management
Let’s say you work for McDonald’s and you applied Porter’s Five-Forces Model to study the fast-food industry. Rank the five forces as to relative importance for strategic planning at McDonald’
In: Operations Management
1. Which of the following is a good reason to diversify?
To pursue any new opportunity that allows the firm to continue growing its revenue stream |
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To spread your financial risk and produce more stable corporate earnings |
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To reinvest profits from one business in another to prevent the 2nd business from going under |
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To reinvest profits from one business in another with greater growth potential |
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All of the above are good reasons |
2.
Identify a true statement about a horizontal alliance.
It can occur between firms that have a supplier-buyer relationship |
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It can occur between firms who are not positioned at the same stage of the value chain but offer complementary products/services |
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It can occur when the output of one of the firms in the relationship is the input of the other |
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It can occur between firms that are positioned at different stages along the value chain |
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None of the above |
In: Operations Management
You are trying to decide on the best mode of transportation for your company. You want to balance the cost of faster transportation with holding more inventory. This is because the amount of inventory you must hold is a function of lead time.
It costs $15 per unit per year to hold a product in inventory. The forecasted demand for this product is 10,000 units per year. The total amount of inventory is made up of two types of inventory: safety stock and in-transit. Calculations for determining the average amount of inventory for each type are given below.
Safety Stock Cost = 2 x Average Demand during Lead Time * Holding Cost per Unit per Year
In-Transit Inventory Cost = Total Annual Demand x (Lead Time / 365) * Holding Cost per Unit per Year
Total Cost = Safety Stock Cost + In-Transit Inventory Cost + Transportation Cost
The following is data related to your transportation options.
Transportation Mode |
Lead Time (Days) |
Cost/Unit |
Air |
2 |
$6 |
Truck |
7 |
$3.50 |
Rail |
21 |
$2.75 |
Demand = 10,700 – 100*Lead Time
Assume that you sell this item for $45. Calculate Total Profit for each of the modes of transportation. Does this affect your recommendation to Problem #1? How sensitive is this decision?
SHOW EXCEL WORK
In: Operations Management
Coca Cola, Intel, Deutsch Bank, HTC Group
For each company, analyze:
In: Operations Management
In an EFE Matrix, should the weights for opportunities be
designed to roughly equal the weights for threats? Why?
In: Operations Management
Here’s what we know:
Joe’s Budget For Cards:
$18,500
TOPPS cards care sold to a retailer only by the case.
A case contains 20 boxes.
A box contains 36 card packs.
Each box costs $30.00
Each box retails for $44.95
Each pack retails for $2.95
Charlie sold 70% of TOPPS cards in full boxes.
Charlie sold 30% in individual packs.
Charlie bought 25 cases last year.
He expects a 7% increase in demand next year.
Fleer EX cards are sold to a retailer only by the box.
Each box costs $125.
Each box retails for $179.
Each box contains 20 card packs.
Each pack retails for $8.95
Charlie bought 20 boxes last year.
Almost all Fleer EX cards are sold in full boxes.
He expects a 5% increase in demand next year.
The 7th Inning maintains around ten million cards in-stock year round, though the number is highest early each year following the release of the new professional sports team cards. In addition to major professional sports cards, Charlie also carries cards that feature movies, military hardware, and fantasy game related cards. The trading card industry has grown so much over the past several years that ordering cards is a complicated business that requires market savvy and hands-on experience. Charlie has decided to let Joe try to figure out what quantity they should order of two of his most popular selling sports trading cards, the Topps cards and the Fleer EX cards. He gives Joe a budget of $18,500 to spend and provides him with the basic cost, pricing, and other data that he will need to arrive at a recommended purchase quantity.
In: Operations Management
Sensitivity Report |
|||||
Name |
Final Value |
Reduced Cost |
Objective Coefficient |
Allowable Increase |
Allowable Decrease |
# Aqua-Spa |
110 |
0 |
350 |
80 |
30 |
# Hydro-Lux |
0 |
-20 |
300 |
20 |
Infinite |
# Typhoon-Lagoon |
75 |
0 |
320 |
50 |
10 |
Constraints |
|||||
Name |
Final Value |
Shadow Price |
Constant RHS |
Allowable Increase |
Allowable Decrease |
# Pumps used |
175 |
150 |
175 |
10 |
15 |
Hrs. Labor Used |
1400 |
0 |
1500 |
Infinite |
125 |
Ft. of Tubing Used |
2550 |
7 |
2550 |
100 |
50 |
(a)What is the optimal decision? What is the value of the profit if this decision is implemented?
(b) What is the allowable set of values that the objective function coefficient of x3 can range over? How should this range be interpreted? Choose a value in that range, and calculate the value of the profit for that value.
(c) How much of each resource is being consumed to produce the optimal solution?
(d) What is the meaning of the shadow price for tubing?
(e) Why is the shadow price for labor equal to zero?
(f) What is the meaning of the reduced cost for Hydro-Luxes?
In: Operations Management
In: Operations Management
Imagine you are CEO of a local hospital. Which policies and procedures would you develop and deploy in order to facilitate superior strategy execution?
In: Operations Management
Nowadays, access to global talent, labor, and markets is cheaper and easier than it was in the past.
TrueFalse |
2-Select the most appropriate answer about bringing components from other continents.
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3- Managers need to consider multiple aspects and trade-offs holistically in network design decisions.
TrueFalse |
4-Which of the following is a reason to sell abroad?
|
In: Operations Management