STAR Co. provides paper to smaller companies whose volumes are not large enough to warrant dealing directly with the paper mill. STAR receives 100-feet-wide paper rolls from the mill and cuts the rolls into smaller rolls of widths 12, 15, and 30 feet. The demands for these widths vary from week to week. The following cutting patterns have been established:
| Number of: | ||||
| Pattern | 12ft. | 15ft. | 30ft. | Trim Loss |
| 1 | 0 | 4 | 1 | 10 ft. |
| 2 | 4 | 3 | 0 | 7 ft. |
| 3 | 8 | 0 | 0 | 4 ft. |
| 4 | 2 | 1 | 2 | 1 ft. |
| 5 | 2 | 3 | 1 | 1 ft. |
Trim loss is the leftover paper from a pattern (e.g., for pattern 4, 2(12) + 1(15) + 2(30) = 99 feet used resulting in 100-99 = 1 foot of trim loss). Orders in hand for the coming week are 5,670 12-foot rolls, 1,680 15-foot rolls, and 3,350 30-foot rolls. Any of the three types of rolls produced in excess of the orders in hand will be sold on the open market at the selling price. No inventory is held.
Optimal Solution:
| (a) | Formulate an integer programming model that will determine how many 100-foot rolls to cut into each of the five patterns in order to minimize trim loss. If your answer is zero enter “0” and if the constant is "1" it must be entered in the box. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| (b) | Solve the model formulated in part a. What is the minimal amount of trim loss? | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trim Loss: feet | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| How many of each pattern should be used and how many of each type of roll will be sold on the open market? If your answer is zero enter “0”. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In: Operations Management
| Emily is a career-driven thirtysomething with big ambitions and
a young family. She is making an impact as a leader at a tech
company, but after being passed up for multiple promotions, she
finds herself at a loss for how to improve. Fate answers her in the
form of a kind--and surprisingly direct--older man in a coffee
shop. A well-respected CEO before he retired, David has deep and
rich leadership knowledge. Emily needs direction, and David is the
perfect mentor. Growing Influence offers readers both practical advice on how to develop leadership skills and a relatable account of one woman's growth by applying the principles in the book. Unlike nonfiction business books or business memoirs, this story is a business fable that is both impactful and transformative. |
Read the first section of Growing Influence, pages 1 - 63. We will be following Emily's journey in the book.
David talks about three types of influence: control, collaboration, concern; and talks about three types of leadership: positional, expert, and character. For your first exercise, I would like you to think and write about how you might define integrity in the dimension of character leadership for yourself (approximately 500 words).
Emily writes her own on page 67, FYI.
In: Operations Management
Confidential Role Information for GTechnica (Seller)
You are the Vice President of Sales for GTechnica, a
Massachusetts‐based developer and
manufacturer of precision electronic components for use by computer
and computer accessory
manufacturers in their products. Your research and development team
recently completed work
on a new processor chip – the GT7 ‐‐ for consumer‐oriented graphics
accelerator cards, and your
firm has now readied a production line at your Wisconsin
manufacturing plant capable of mass
producing the chip.
Graphics accelerators are video adapter cards that one can plug
into a PC (in an available
expansion slot on a PC’s motherboard) designed to boost a
computer’s performance on multimedia
tasks such as games or scientific applications that are graphic
intensive. These accelerator cards
typically include their own memory and their own specialized
processor to handle the intensive
mathematical operations involved in graphics applications. An
accelerator card enhances PC
performance by freeing up a computer’s main processor and memory
for other operations, while
the graphics card handles the computational load associated with
graphics. The demand for
graphics accelerator cards by the general consumer market has grown
significantly in the last few
years as home and small business PC users have increasingly sought
more and better processing
power to handle the snazzy graphics that software developers have
been adding to productivity
applications as well as games.
Six months ago, when the GT7 was first announced in the trade
press, GTechnica was
approached by a European firm called SysD, which is one of the
leading makers of add‐in circuit
boards for PCs, including graphics accelerator cards. SysD was
interested in using the GT7 for its
latest model accelerator card, and you were able to reach a deal to
sell 15,000 units (GT7
processors) to SysD at a price of $37 per unit. At the time that
deal was made, this was a good price
for GTechnica, for two reasons. First, you weren’t sure when the
chip was announced that this new
and relatively untested processor could fetch much more than $30
until it had more of an installed
base in the marketplace. Second, your main competitor in this
market is thought to be supplying
similar (but slightly less advanced) processors for an average unit
price of about $28. But as it
turned out, SysD was unhappy with their existing primary supplier
of processors, and anxious to
bring out a new accelerator card with enhanced capabilities, and
they agreed to pay $37 per unit.
Unfortunately, three months after closing the deal, as you were
completing development on
your production facility for the GT7 (before any units had yet been
made or shipped), SysD
exercised an option in the contact to delay their purchase of the
processors by one year. Now you
have about nine months of underused (unused, really) production
capacity for making GT7s. If you
could find another accelerator card manufacturer interested in the
GT7 and close a deal quickly,
there is time to produce and ship 15,000 units before you have to
turn your production capacity
back over to making GT7s for the delayed SysD contract.
As luck would have it, while at a trade show a couple of weeks ago,
you ran into an executive
with a graphics hardware firm in California called AccelMedia.
AccelMedia, a relative newcomer to
the market, has been growing rapidly because of the sudden
popularity of its graphics accelerator
products. The executive you spoke with at the trade show told you
that AccelMedia has an urgent
need for approximately 15,000‐20,000 processors for their newest
accelerator card (a model called
the AMPro 50). Figuring that this could be an excellent way to make
use of the temporarily idle GT7
production capacity, you then contacted AccelMedia’s Director of
Component Sourcing, who
confirmed that they are seeking a supply of processors, and that
GTechnica’s GT7 would meet their
specifications. The two of you agreed to schedule a meeting to
negotiate the possible sale of GT7
processors to AccelMedia.
Your goal in the upcoming negotiation is to get the highest
possible price per unit for the
processors that you sell to AccelMedia. Your net unit cost for the
GT7 is $16; anything above that
will represent a profit for GTechnica, and given the fact that the
production line will sit idle if no
deal is made (there are no other potential customers on the horizon
at this point), you should
probably be willing to accept any deal that exceeds unit cost. But
your boss, the Executive Vice
President for Sales and Marketing, has made it clear that you will
be judged by how much better
than this you can do.
Another issue is the volume of a contract: You have the capacity
to make and ship as many
as 15,000 units, and you would like a deal that comes as close to
that as possible. However, you
cannot make a deal for more than 15,000 units because the
production line will have to be turned
over to the delayed SysD contract at that point, and there is no
other possible production capacity
that can be shifted to making GT7s in the near future. Thus, the
negotiation you are about to
conduct is really a one‐shot opportunity to do business with
AccelMedia.
As you wait for the meeting with AccelMedia’s representative,
you are thinking through the
approach you will take.
• What is the unit price you would like to receive for the GT7s?
____$37______
• What is the unit price you will initially present to AccelMedia?
___$30_______
• What is the lowest unit price you will accept for the GT7s?
____$22______
Question 5. Define your best Objective Criteria.
MARKET VALUE - What would others be willing to pay for the same thing?
PRECEDENT - What was the basis of previous agreements?
TRADITION - How have you done it in the past?
EXPERT/SCIENTIFIC JUDGMENT - Is there a well-developed body of knowledge?
EFFICIENCY - Is this the best way to do it?
COSTS AND PROFITS - Are there margins which must be met?
POLICY - Is there an internal or external set of rules that serve as a guide?
RECIPROCITY - Would the other party feel compelled to return the favor?
STATUS - Will you defer to someone's title or position?
PROFESSIONAL/INDUSTRY STANDARDS - Is there a 3rd party standard we can refer to?
In: Operations Management
Please use Brazil and New Zealand to create a table that compares two societal cultures on the nine dimensions of culture identified by the GLOBE project. Depending on the countries you choose, you may need to do more research. Your table should have three columns, one with the nine dimensions, one with the first country, and one with the second country. Your table should include the scores and an explanation of what the scores mean.
Following is an example of comparing one dimension between Germany and China:
|
Dimension |
Germany |
China |
|
Assertiveness |
|
|
In: Operations Management
what is market segmentation? and what are the different types of segmentation? also provide real world examples. Thank you
In: Operations Management
True/False
In: Operations Management
Compare and contrast the procurement methods used in humanitarian organizations with those of Governments?
In: Operations Management
what is inspection, walkthrough and Desk checking testing
my course is analysis and design and it's not shows in the subject so i choose operation management just to complete the process !!!
In: Operations Management
how would you select a sample and research a sensitive topic like auditor independence and intearity?
In: Operations Management
Motivation is different for each of us. Leaders struggle to keep individuals motivated. Research indicates that a motivated individual is a more productive worker. Additionally, keeping an individual motivated can be challenging. For this unit’s journal entry, share a list of the top five things that motivate you, and explain how a leader could use these motivators to help you advance in your career.
In: Operations Management
Assignment:
Belows are the six values that have been suggested as being desirable for codes of ethics.
If you were a part of the leadership team of a 100+ employee firm, how would you ensure each of these values is present in your company's code of ethics?
In: Operations Management
Identify a situation in your current job or a previous one in which a sales message is or was needed. Using suggestions from this chapter, write an appropriate sales message that promotes a product or service. Use actual names, information, and examples. If you have no work experience, imagine a business you would like to start, such as data processing, pet grooming, car detailing, cleaning, tutoring, specialty knitting, balloon decorating, delivery service, child or elder care, gardening, or lawn care.
Your Task. Write a sales letter or an e-mail marketing message selling your product or service to be distributed to your prospective customers. Be sure to tell them how to respond. You don’t need to know HTML or have a Constant Contact account to craft a concise and eye-catching online sales message. Try designing it in Microsoft Word and saving it as a Web page (go to the File tab and select Save as; then in the Save as type line, select Web page). Consider adding graphics or photos—either your own or samples borrowed from the Internet. As long as you use them for this assignment and don’t publish them online, you are not violating copyright laws.
In: Operations Management
What immediate changes, if any, has Uber company made to its basic business model right now, during the crisis of the Coronavirus. How are riders/customers being served during this crisis period ? Is Uber able to retain employees? What changes have been implemented for Uber company to continue to offer goods and services that's are a part of its brand? Or has there been an adjustment in goods and services offered?
In: Operations Management
Compensation is the total of an employee’s pay and benefits. It is a major reason for job satisfaction and affects attracting and retaining employees. Compensation costs are frequently the largest part of total production costs at today’s firms. Because this is the case, companies must have a strategic plan for managing employee compensations
Using compensation, incentive, and benefits, answer the following questions to decide on the specific aspects of your employee compensation system:
In: Operations Management
Is capitalism sustainable? Does business need to change the way it is presently conducted to be sustainable and competitive in the future? The above questions are your research topics for this week’s assignment. These are questions that many academics, economists, and policymakers in the United States ask themselves based upon the facts. This week you are asked to fact find (data) and consider how changes in the utilization of resources used by businesses are going to be factored going forward in the coming years. For example, how will humans and businesses deal with the end or near the end of specific resources (i.e. oil, iron, seafood, etcetera)? Keep in mind, as you learned in economics, that all resources are limited. Thus, based on current consumption rates they will run out. Also, within this equation, one must consider the environment and the questions of social responsibility to those who do not have access to such resources but are affected by the current capitalist society. In addition, clean water and air are a necessity for all forms of life. How does one protect these precious resources and continue to strive toward meeting profit objectives each fiscal quarter? Is capitalism as we know it at the end of its life cycle? While this is not an easy assignment or one where there are correct answers, there are answers and they should/must be based on good data and logic. In this assignment, you are asked to conduct your research and report the data while making an argument as it pertains to the original question. Is capitalism sustainable?
In: Operations Management