Critically analyse reasons that may cause Toyota to consider an international supplier over a local supplier
In: Operations Management
Weenies is a food processing plant which manufactures hot dogs and hot dog buns. They grind their own flour for the hot dog buns at a maximum rate of 200 pounds per week. Each hot dog bun requires 0.1 pound of flour. They currently have a contract with Pigland, Inc., which specifies that a delivery of 800 pounds of pork product is delivered every Monday. Each hot dog requires ¼ pound of port product. All the other ingredients in the hot dogs and hot dog buns are in plentiful supply. Finally, the labor force at Weenies consists of 5 employees working full time (40 hours per week each). Each hot dog requires 3 minutes of labor, and each hot dog bun requires 2 minutes of labor. Each hot dog yields a profit of $0.80, and each bun yields a profit of $0.30. Weenies would like to know how many hot dogs and how many hot dog buns they should produce each week so as to achieve the highest possible profit. Formulate a linear programming model and solve it.
In: Operations Management
In: Operations Management
Explain the innovation on China car sales due to Covid-19 impact. (40marks)
In: Operations Management
Describe the strategies for your organisation in future to
maintain the business profitability after the impact of covid-19.
[30 marks]
In: Operations Management
The data is: Demand = 1400 per year; Cost per unit = $400; holding cost = 10% of the unit cost/per year; Ordering cost = $600 per order
In: Operations Management
What are the six pieces of information we need to understand a proposed capital investment as described by Peter Drucker? List them and provide a short explanation of each.
In: Operations Management
Coronavirus: A visual guide to the economic
impact
Global shares take a hit
Big shifts in stock markets, where shares in companies are bought
and sold, can affect many investments in pensions or individual
savings accounts (ISAs).
The FTSE, Dow Jones Industrial Average and the Nikkei have all seen
huge falls since the outbreak began on 31 December.
The Dow and the FTSE recently saw their biggest one day declines
since 1987.
Investors fear the spread of the coronavirus will destroy economic
growth and that government action may not be enough to stop the
decline.
In response, central banks in many countries, including the United
Kingdom, have slashed interest rates.
That should, in theory, make borrowing cheaper and encourage
spending to boost the economy.
Global markets did also recover some ground after the US Senate
passed a $2 trillion (£1.7tn) coronavirus aid bill to help workers
and businesses.
But some analysts have warned that they could be volatile until the
pandemic is contained.
In the United States, the number of people filing for unemployment
hit a record high, signalling an end to a decade of expansion for
one of the world's largest economies.
Factories in China slowed down
In China, where the coronavirus first appeared, industrial
production, sales and investment all fell in the first two months
of the year, compared with the same period in 2019.
China makes up a third of manufacturing globally, and is the
world's largest exporter of goods.
Restrictions have affected the supply chains of big companies such
as industrial equipment manufacturer JCB and carmaker Nissan.
Shops and car dealerships have all reported a fall in demand.
Chinese car sales, for example, dropped by 86% in February. More
carmakers, like Tesla or Geely, are now selling cars online as
customers stay away from showrooms.
Growth set to stagnate
If the economy is growing, that generally means more wealth and
more new jobs.
It's measured by looking at the percentage change in gross domestic
product, or the value of goods and services produced, typically
over three months or a year.
The world's economy could grow at its slowest rate since 2009 this
year due to the coronavirus outbreak, according to the Organisation
for Economic Cooperation and Development (OECD).
The think tank has forecast growth of just 2.4% in 2020, down from
2.9% in November.
It also said that a "longer lasting and more intensive" outbreak
could halve growth to 1.5% in 2020 as factories suspend their
activity and workers stay at home to try to contain the
virus.
Questions:
1. Elaborate the impact of this Covid-19 from the article. [30
marks]
In: Operations Management
Discuss the differences and similarities between these two business forms :
1.Similarities and differences between limited partnership in USA vs Limited partnership in Lebanon
2. Similarities and differences between Sole proprietorship in USA vs. Establishment in Lebanon
In: Operations Management
Explain the rationale of Induction, deduction, and abduction reasoning in the below examples:
a) John is a human and John can swim, therefore all human can swim.
b) The teachers told the headmaster "The students have handphones. Please take them".
c) Adam sees Aminah as the most beautiful lady. Therefore, Aminah is the most beautiful lady
In: Operations Management
You are the Human Resource Manager of a busy branch and have stopped to talk to one of the clerks in the office to see what progress he is making. He complains bitterly that he is not learning anything. He gets only routine work to do and it is the same routine. He has not even been given the chance to swap jobs with someone else. You have picked up the same message from others in the office. You discuss the situation with Jean Howe the recently appointed supervisor. She appears to be very busy and harassed. When confronted with your observations she says that she is fed up with the job. She is worked off her feet, comes early, goes late, takes work home and gets criticized behind her back by incompetent clerks.
You are required to write an essay
a). to state what is going wrong
b). give recommendations as to what you will do.
In: Operations Management
Question:
Clothing industry that is classified as non-essential service under the Movement Control Order (MCO) Phase 1 and Phase 2 by the Government of Malaysia, develop an e-business strategy applying the 7 dimensions model by Robert Plant (2000).
In: Operations Management
Please do not copy paste. Write in your language (500 words)
Q. Quality Circles enrich work life. Discuss.
In: Operations Management
Please do not copy paste. Write in your language (500 words)
Q. Quality Circle leads to total performance. Discuss.
In: Operations Management
Question:
Design a unique customer management themes for clothing industry
to manage the customer experience in a new way that is useful after
the MCO is lifted.
In: Operations Management