7
Choose a consumer product with which you are familiar. For that product, discuss its pricing strategy. What other strategies could work for that product? Did the company use cost-plus, full-cost, or incremental cost in its strategy?
In: Operations Management
Please show all steps. Consider the following data pertaining to the three warehouses operated by a company:
Warehouse # |
Std. deviation of lead time demand |
1 | 845 |
2 | 410 |
3 | 225 |
The company considers consolidating any two of its warehouses (i.e., risk pooling). Based on
the information provided above and given that lead time demands between any two
warehouses are correlated at -0.3 (i.e.,ρ12=ρ23=ρ13= -0.3). In which case will the reduction
in safety stocks resulting from warehouse centralization likely be the greatest if we want to
achieve a 97% service level? (Please provide detailed calculation processes. Typed also)
In: Operations Management
Modified from textbook: SweetEndings is a shop open 7 days a week. Demand for Chocolate Frozen Yogurt* can be approximated by a normal distribution with a mean of 21 gallons/wk and a standard deviation of 3.5 gallons/wk. The manager wants a 90% service level, and lead time is 2 days.
a) Assuming ROP is used, calculate the level at which SweetEndings should reorder. What is the best estimate for days of supply are onhand at this point?
b) If FOI is used instead with a 10-day order interval, • how much should be reordered if there is 8 gallons on-hand, assuming we must order in 1 gallon increments? • What is the chance SweetEndings runs out before this order is received?
c) If ROP is used and if the manager gets a call from the Yogurt supplier a day after placing the order (and after 2 more gallons have been sold) that the order will be late. • What is the chance she runs out if the order is 1 day later than planned? • What the order arrives 2 days later than planned?
In: Operations Management
write a paper that describes one of the three typical marketing strategies that firms use to obtain a foothold in a foreign market. Choose from either differentiation, cost leadership or focus strategy. Use an example of a real-life situation where a firm used one of these strategies and describe whether or not they were successful.
In: Operations Management
write a paper that describes one of the three typical marketing strategies that firms use to obtain a foothold in a foreign market. Choose from either differentiation, cost leadership or focus strategy. Use an example of a real-life situation where a firm used one of these strategies and describe whether or not they were successful.
In: Operations Management
In: Operations Management
write a paper that describes one of the three typical marketing strategies that firms use to obtain a foothold in a foreign market. Choose from either differentiation, cost leadership or focus strategy. Use an example of a real-life situation where a firm used one of these strategies and describe whether or not they were successful.
In: Operations Management
1.Discuss the issue of digital divide. Is it lessening or widening with more technological innovation? How have businesses, government bodies, and nonprofit organizations met the digital divide challenge?
2. Describe the ethical challenges regarding one of the following scientific breakthroughs: genetically modified foods, human genome or stem cell research. Do the potential benefits of this breakthrough outweigh the potential costs?
3. Explain the concept of the "right to be forgotten." What are its implications to governments, businesses and individuals?
4. Discuss the motivations of cybercriminals. Explain the costs that cybercrime has on businesses, governments, and individuals.
In: Operations Management
Apple is struggling in the Indian market. Some people argue that Apple should delegate power to the local managers in Apple India so that they can develop and sell iPhones tailored to the preferences of Indian people. What do you think about this idea? Provide at least two advantages and two disadvantages of the approach you choose. Elaborate upon and justify your choice. Please watch the following video clip to get some information about this topic.
In: Operations Management
Question 1 (6pts)
Auto Clean, a full-service car wash company, is conducting a survey to address the following research objectives:
Objective 1. Assess the customer perceptions and evaluations of Auto Clean’s services.
Objective 2. Assess the effectiveness of Auto Clean’s promotional expenditures.
Objective 3. Identify demographic characteristics of Auto Clean’s customers.
Objective 4. Identify other relevant characteristics of Auto Clean’s customers.
This is the questionnaire they used for this research:
---------------------------------------------------------------------------------------------------------------------
To help us serve you better, please take a few minutes to fill out this short questionnaire. Thank you for your help.
__ Less than once a month
__ Once a month
__ Two times a month
__ Three times a month
__ Four or more times a month
__ Less than once a month
__ Once a month
__ Two times a month
__ Three times a month
__ Four or more times a month
__ Less than once a month
__ Once a month
__ Two times a month
__ Three times a month
__ Four or more times a month
__ Less than a week
__ One to less than two weeks
__ Two to less than three weeks
__ Three to less than four weeks
__ Four weeks or more
__ Less than a km
__ One to less than three kms
__ Three to less than five kms
__ Five kms or more
__ Yes __ No
Strongly Disagree 1 |
2 |
3 |
4 |
5 |
6 |
Strongly Agree 7 |
|
The washing/ waxing job is excellent |
|||||||
The service performance is consistent from one visit to the next |
|||||||
Prices are reasonable |
|||||||
The time taken to provide services is reasonable |
Thank you very much!
Read the questionnaire above and answer the following questions:
1. Which questions in the questionnaire address each of Auto Clean’s research objectives (1 pts)? Indicate your answers in the table below.
Objective # |
Questions # |
1 |
8 |
2 |
4, 6 |
3 |
9, 10, 5 |
4 |
11, 1, 2, 3, 7 |
2. Which question(s) in the questionnaire do(es) not address fully or do(es) in an appropriate way a specific research objective? For each of these questions, explain why and how you propose to solve this problem. (2 pts).
Indicate your answers in the table below.
Objective # |
Questions # not addressing fully or appropriately the research objective |
Explanation and proposed solution to fix the question(s) |
1 |
||
2 |
||
3 |
||
4 |
3. Identify all other problems related to Auto Clean’s questionnaire’s design. Propose ways to solve each problem. For example, when the problem relates to a specific question wording, please propose a revised question. (3 pts).
Indicate your answers in the table below (add as many rows as necessary).
Questionnaire design problem |
Explanation and proposed solution to fix the problem |
Question # |
|
Question # |
|
Question # |
|
Question # |
In: Operations Management
In: Operations Management
Recruitment chapter
Discuss ways a regional bank could effectively use the Internet to recruit bank tellers.
and Describe how a local firm might be able to utilize college/university interns to generate future applicants for anticipated job openings within the next one to two years.
In: Operations Management
1. What did we learn regarding conformity? When are people likely to conform?
2. What is the optimal balance of conformity and deviance in groups? Why?
In: Operations Management
What leadership strategies are required to best conduct an effective cross-cultural negotiation? Compare and contrast attitudes and actions needed for optimizing collaborations in a global context. Explain your rationale.
In: Operations Management
How can we double Earnings Per Share ?
In: Operations Management