Questions
What do you think the future of Big Data will be? Will it leave its popularity...

What do you think the future of Big Data will be? Will it leave its popularity to something else? If so, what will it be? explain with your own words please

In: Operations Management

What are the big challenges that one should be mindful of when considering implementation of Big...

What are the big challenges that one should be mindful of when considering implementation of Big Data analytics? explain with your own words please  

In: Operations Management

IDENTIFY THE COMMONALITIES AS WELL AS THE DIFFERENCES BETWEEN MARKETING DOMESTICALLY AND MARKETING INTERNATIONALLY.

IDENTIFY THE COMMONALITIES AS WELL AS THE DIFFERENCES BETWEEN MARKETING DOMESTICALLY AND MARKETING INTERNATIONALLY.

In: Operations Management

What is Big Data analytics? How does it differ from regular analytics? Explain with your own...

What is Big Data analytics? How does it differ from regular analytics? Explain with your own words please

In: Operations Management

You work for a company that makes vehicle safety systems, such as radar, on-board cameras, and...

You work for a company that makes vehicle safety systems, such as radar, on-board cameras, and the ever-present back-up beeper. To reduce costs on your most mature product, the back-up beeper, you are considering moving production out of the United States. You are considering Mexico, Philippines, and Singapore. You are interested in road infrastructure, port infrastructure, technological readiness, and wages. 1. Compare the four countries on these dimensions. Include the United States in your analysis as well as a baseline. For wages, use the Bureau of Labor Statistics’ Foreign Labor Statistics. In particular, use the Index of Hourly Compensation. For the other data, use the World Economic Forum’s Global Competitiveness Report. The bar chart comparison feature is an efficient way to get the information you need.

2. You are also interested in the overall business climate, which you consider to consist of factors like corruption, accounting standards, and a solid legal system. compare the overall level of opacity of each of each of the four countries.

3. What other factors should be considered?

4. What is your recommendation?





In: Operations Management

Assume an inventory control system for an independent demand item where the Lead-time is 4 days...

Assume an inventory control system for an independent demand item where the Lead-time is 4 days and the Review Period is 15 days. The expected demand for the end-item is 20,000 units per year.

Q#1. Assume that the system is perpetual inventory system. Then,

a) The expected demand during lead-time is simply the sum of daily average demand for each of 19 days constituting the lead-time.

b) We do not have sufficient information here because we do not know whether the environment is deterministic or probabilistic.

c) We can tell from the statement in (a) that the demand is deterministic.

d) We can tell from the statement in (a) that the demand is probabilistic.

e) None of the above is true.

Q#2. Assume that the system is periodic review system. Then,

a) The expected demand during the protection period is simply the sum of daily average demand for each of four days constituting the protection period.

b) We do not have sufficient information here because we do not know whether the environment is deterministic or probabilistic.

c) We can tell from the statement in (a) that the demand is deterministic.

d) We can tell from the statement in (a) that the demand is probabilistic.

e) None of the above is true.

Q#3. Assume that the system is perpetual inventory system. The lead-time remains four days, but we now also know that the standard deviation of the daily demand is 2. Which of the following is true?

a) The standard deviation of the demand during lead-time is simply the sum of the standard deviation of the demand for each day during lead-time.

b) The standard deviation of demand during lead-time is 4 days.

c) The standard deviation of demand during lead-time cannot be determined in this case because sufficient information is not available.

d) We cannot say whether the system is probabilistic or deterministic.

e) None of the above is true.

Q#4. Assume, further, that the manager wants to achieve a cycle service level of 95% in her Q system and she knows that the daily average demand is 10 units (demand is normally distributed). She has determined that her facility is open 250 days a year; her ordering cost is $50; and the holding cost is $4 per unit per year. She can assume that lead-time is 4 days; review period is 15 days; and standard deviation of daily demand is 2 units. [Round up all answers, if needed]

a) The EOQ can be calculated from the above given information.

b) The reorder point, R, cannot be calculated from the above given information. Henc

c) The target level inventory, T, cannot be calculated from the above given information.

d) All of the above are false.

e) Only (a) and (c) are true.

Q#5. Now assume that the manager wants to achieve a cycle service level of 95% in her P system and she knows that the demand during the protection period is normally distributed. She can also assume the following: average daily demand is 10 units; ordering cost is $50.00; holding cost is $4 per unit per year; lead-time is 4 days and the review period is 15 days. Assume 250 days in a year.

a) It is possible to calculate the value of an optimal review period based on the economics of EOQ. In this case, the optimal review period turns out to be 15 days.

b) The reorder point, R, cannot be calculated from the above given information because we do not know the nature of the distribution of demand during the protection period.

c) Assuming that the distribution of demand during the protection period is normally distributed, we can calculate both the EOQ and the Target level, T, by using the P value of 15 days. But it will not yield the optimal value of T.

d) All of the above are false.

e) Only (a) and (c) are true.

In: Operations Management

What are the critical success factors for Big Data analytics? explain with your own words please

What are the critical success factors for Big Data analytics? explain with your own words please

In: Operations Management

does anyone have insight on how Estes the third party trucking company prices warehouses per trailer...

does anyone have insight on how Estes the third party trucking company prices warehouses per trailer load? like can you put as many skids on there as you can and itll he around the same price? can youbload diffefent size skids on the trailer to fit more material into one trailer? finally, would it make sense to consolidate skids instead of using Fed Ex ground to ship out odd quanitities?

In: Operations Management

Examine the critical incident method for performance appraisal.

Examine the critical incident method for performance appraisal.

In: Operations Management

Compare and contrast two examples where the "persuasion" was employed and one example where it was...

Compare and contrast two examples where the "persuasion" was employed and one example where it was not. What is the outcome?

In: Operations Management

Consider that you are an author who is writing a contemporary realistic fiction book. What would...

Consider that you are an author who is writing a contemporary realistic fiction book.

What would the topic of your book be?

Is there a specific age group you are targeting? Consider this, it is difficult to write a book appropriate for children age 5 that also appeals to teens.

What content would you be sure to include? Why?

Why are you writing on this topic?

Are there other books on this same topic? If so, please name them.

Are there any activities you would include for children/young adults to engage in?

Are there ethical or moral societal codes that you have to consider when writing this book?

In: Operations Management

A farmer owns 450 acres of land. He is going to plant each acre with wheat...

A farmer owns 450 acres of land. He is going to plant each acre with wheat or corn. Each acre planted with wheat yields 2,000 pounds of wheat, requires three workers, and two tons of fertilizer. Each acre planted with corn yields 3,000 pounds of corn, requires two workers, and four tons of fertilizer. The wheat can be sold at the selling price of $2.5 per pound, whereas the corn at the price of $3.4 per pound. To pay for the workers and the fertilizers it is estimated that the farmer will have to incur a cost of $0.5 per pound of wheat and of $0.4 per pound of corn. There are currently 1,000 workers and 1,200 tons of fertilizer available.

Using excel:

Create a model in Excel and use Solver to help the farmer maximize the profit from his land. (show the decision variables, objective function, & constraints)

Generate the sensitivity report from Solver. Imagine you can change the selling price for a pound of wheat\t, while all the other parameters remain the same. What is the minimum selling price per pound of wheat that would make it optimal to produce wheat? Explain your reasoning.

What amount of extra profits will the company make if it has extra 100 tons of fertilizers available? Explain your reasoning.

Suppose the farmer has the possibility to acquire additional 50 acres of land to increase the production. What amount of extra profits will the farmer attain with this extra land?

(Please attach excel file solution if possible)

In: Operations Management

If you needed to identify inventory items whose stock was running low, what Access tool could...

If you needed to identify inventory items whose stock was running low, what Access tool could quickly find this answer?

When you're creating relationships,, what Access option allows you to protect your database from inconsistent data?

Which tab or object should be selected if you want to create a data screen or user interface that would allow you to add, modify, or delete existing records?

In: Operations Management

What are the 3 solutions comparison (Pros and cons) for Netflix with the explanation of each...

What are the 3 solutions comparison (Pros and cons) for Netflix with the explanation of each solution?

In: Operations Management

What represents the mechanism of digital signature correctly?? What represents the mechanism of public key cryptography...

What represents the mechanism of digital signature correctly??

What represents the mechanism of public key cryptography correctly?

Structured decision-makings are those which are _____.??

In: Operations Management