The owner of a greenhouse and nursery is considering whether to acquire additional land to grow a new variety of rosebush. She can either acquire a small garden at $7000 and can produce up to 4,000 rosebushes or a large garden at $10,000 and can produce up to 8,000 rosebushes. The owner could sell each rosebush for $5, and per-unit variable cost would be $3.
a) What would the profit be if she were to produce and sell 6,000 rosebushes?
b) How many rosebushes would she have to produce and sell in order to break even with a large garden?
c) The owner forecasted the demand between 3600 and 4800 rosebushes. Which alternative(s) is/are profitable?
In: Operations Management
2.
A. An infeasible linear programming model is caused by the
(a) objective function (b) constraints (c) Both (a) and (b) (d) None of the above
(b) Which of the following nations is least active in entrepreneurial activities?
(a) China (b) Japan (c) Thailand (d) Canada
c. Name two reasons and clearly explain how they have contributed to the huge number of
small businesses in the United States:
In: Operations Management
8 hour shift
Stage A 20 cars per hour Initial set up time of 20 minute when changing the car model or size
Stage B 20 cars per hour Must be shut down for maintenance and cleaning for 30 minute after every 90 minute of operation
Stage C 18 cars per hour More customization, but no setups
PART A Single car model
Stage A is already set up
How many cars can be produced by the system in an 8-hour shift?
How much idle time is there in this stage during such a shift?
Which stage will you add capacity to? And by how much? Why?
In: Operations Management
21. The James Charities annual fund-raising drive is scheduled
to take place next week. Donations are collected during the day and
night, by telephone, and through personal contact. The average
donation resulting from each type of contact is as follows:
Phone |
Personal |
|
Day |
$2 |
$4 |
Night |
$3 |
$7 |
The charity group has donated enough gasoline and cars to make
at most 300 personal contacts during one day and night combined.
The volunteer minutes required to conduct each type of interview
are as follows:
Phone (min) |
Personal (min) |
|
Day |
6 |
15 |
Night |
5 |
12 |
The charity has 20 volunteer hours available each day and 40
volunteer hours available each night. The chairperson of the
fund-raising wants to know how many different types of contacts to
schedule in a 24-hour period (i.e. 1 day and 1 night) to maximize
total donations.
Formulate the linear programming model for this problem
first and then solve it using Excel.
In: Operations Management
I want to write an executive summary of this whole report and list of illustrations for COMMUNICATION MANAGEMENT.
"Regina man ordered by SGI to turn in 'MAGAUSA' licence plate"
Rod Kletchko believes surrendering his “MAGAUSA” vanity plate to Saskatchewan Government Insurance (SGI) would be the equivalent of selling his soul for 30 pieces of silver.
The plate, which is a reference to President Donald Trump’s “Make America Great Again” campaign slogan, was approved by SGI and put on Kletchko’s Mercedes SL550 in May.
Regina man ordered by SGI to turn in 'MAGAUSA' licence plate
Last Thursday, Kletchko said he was told by SGI that the plate was no longer approved. He has 30 days to turn the plate in or it will be cancelled. According to the Crown, plates with political slogans are off limits. SGI has offered to refund the cost of the plate and cover the price of a new one.
Kletchko is conflicted. As a supporter of Trump and a proponent of freedom of self-expression, the thought of giving the plate up doesn’t sit well.
“I feel that my integrity is at stake here. So if I capitulate, how good is that for me when I tell everybody to fight for the right of free speech?,” said Kletchko, who operates a point-of-sale equipment and supplies business.
According to SGI, Kletchko should never have been issued the plate in the first place. The Crown does not permit vanity plates with slogans that have political connotations, derogatory terms or references to drug use. SGI plates are the property of the Crown, and are not meant to be political in nature.
“It’s important to us that we stay politically neutral, understanding that politics of any sort can be quite divisive in the community. So our objective is to maintain neutrality,” said SGI’s VP of Licensing, Customer and Vehicle Services J.P. Cullen during a phone interview.
Cullen said SGI became aware of the plate after getting three or four complaints. He said Kletchko’s plate was approved “in error.”
“We recognize the inconvenience that we’ve caused this gentleman,” he said.
Kletchko said getting the plate was a nod to the friendly banter between him and his real estate agent, who despises Trump and jokingly refers to Kletchko by the nickname “MAGA.”
Kletchko has a different view of the president.
“Anyone who does their research would know the guy’s not an evil guy. He’s villified,” said Kletchko, who was born in Regina but briefly lived in Dayton, Ohio during his childhood.
A Mercedes-Benz, belonging to Rod Kletchko, wears a Saskatchewan license plate bearing the letters MAGAUSA. BRANDON HARDER/Regina Leader-Post
Although he isn’t an American, Keltchko has an affinity for American values and the concept of freedom of speech.
He said he’s never been confronted or experienced any hostility over the plate. He’s baffled by why someone would be so offended that they would contact SGI.
“Are we not supposed to be an open society with freedom of expression and free speech? And now I have to sell my soul, my integrity, for 30 pieces of silver.”
Kletchko understands the plate is the property of the government. However, he doesn’t agree with the policy of not permitting political slogans.
“Anything could be a political slogan. I mean, if you assume that a licence plate means something because you choose to assume that, that’s up to you. I mean, if you choose to be offended, I’m offended that you’re choosing to be offended,” he said.
Cullen said Kletchko has the right to express himself; he just can’t do it through a government-issued licence plate.
“He can use a bumper sticker, he can shrink-wrap his car, he can do all sorts of things. But the fact remains that the licence plate is Crown property, and we don’t allow political slogans on that property,” said Cullen.
Kletchko has yet to decide if he’ll turn the plate in.
“I’m going to think about it. I’m going to see what I should do and what I shouldn’t do. But in giving the plate back for 30 pieces of silver, that goes against every bit of freedom of choice and freedom of speech that I hold dear.”
I am writing a report for SGI so i need to write summery and illustrations.
In: Operations Management
Month |
Number of items Received |
Demand during Month |
January |
50 |
220 |
February |
180 |
200 |
March |
150 |
70 |
The starting inventory at the beginning of January is 100 units.
Answer:
Answer:
(show your calculations)
Answer:
In: Operations Management
Managing Diversity for Success: The Case of IBM When you are a company that operates in over 170 countries with a workforce of over 398,000 employees, understanding and managing diversity effectively is not optional—it is a key business priority. A company that employs individuals and sells products worldwide needs to understand the diverse groups of people that make up the world. Starting from its early history in the United States, IBM Corporation (NYSE: IBM) has been a pioneer in valuing and appreciating its diverse workforce. In 1935, almost 30 years before the Equal Pay Act guaranteed pay equality between the sexes, then IBM president Thomas Watson promised women equal pay for equal work. In 1943, the company had its first female vice president. Again, 30 years before the Family and Medical Leave Act (FMLA) granted women unpaid leave for the birth of a child, IBM offered the same benefit to female employees, extending it to one year in the 1960s and to three years in 1988. In fact, the company ranks in the top 100 on Working Mother magazine’s “100 Best Companies” list and has been on the list every year since its inception in 1986. It was awarded the honor of number 1 for multicultural working women by the same magazine in 2009. IBM has always been a leader in diversity management. Yet, the way diversity was managed was primarily to ignore differences and provide equal employment opportunities. This changed when Louis Gerstner became CEO in 1993. Gerstner was surprised at the low level of diversity in the senior ranks of the company. For all the effort being made to promote diversity, the company still had what he perceived a masculine culture. In 1995, he created eight diversity task forces around demographic groups such as women and men, as well as Asians, African Americans, LGBT (lesbian, gay, bisexual, and transgender) individuals, Hispanics, Native Americans, and employees with disabilities. These task forces consisted of senior-level, well- respected executives and higher-level managers, and members were charged with gaining an understanding of how to make each constituency feel more welcome and at home at IBM. Each task force conducted a series of meetings and surveyed thousands of employees to arrive at the key factors concerning each particular group. For example, the presence of a male-dominated culture, lack of networking opportunities, and work-life management challenges topped the list of concerns for women. Asian employees were most concerned about stereotyping, lack of networking, and limited employment development plans. African American employee concerns included retention, lack of networking, and limited training opportunities. Armed with a list of priorities, the company launched a number of key programs and initiatives to address these issues. As an example, employees looking for a mentor could use the company’s Web site to locate one willing to provide guidance and advice. What is probably most unique about this approach is that the company acted on each concern whether it was based on reality or perception. They realized that some women were concerned that they would have to give up leading a balanced life if they wanted to be promoted to higher management, whereas 70% of the women in higher levels actually had children, indicating that perceptual barriers can also act as a barrier to employee aspirations. IBM management chose to deal with this particular issue by communicating better with employees as well as through enhancing their networking program. The company excels in its recruiting efforts to increase the diversity of its pool of candidates. One of the biggest hurdles facing diversity at IBM is the limited minority representation in fields such as computer sciences and engineering. For example, only 4% of students graduating with a degree in computer sciences are Hispanic. To tackle this issue, IBM partners with colleges to increase recruitment of Hispanics to these programs. In a program named EXITE (Exploring Interest in Technology and Engineering), they bring middle school female students together for a weeklong program where they learn math and science in a fun atmosphere from IBM’s female engineers. To date, over 3,000 girls have gone through this program. What was the result of all these programs? IBM tracks results through global surveys around the world and identifies which programs have been successful and which issues no longer are viewed as problems. These programs were instrumental in more than tripling the number of female executives worldwide as well as doubling the number of minority executives. The number of LBGT executives increased sevenfold, and executives with disabilities tripled. With growing emerging markets and women and minorities representing a $1.3 trillion market, IBM’s culture of respecting and appreciating diversity is likely to be a source of competitive advantage.
DISCUSSION QUESTIONS
1. IBM has been championed for its early implementation of equality among its workforce. At the time, many of these policies seemed radical. To IBM’s credit, the movement toward equality worked out exceptionally well for them. Have you experienced policy changes that might seem radical? Have these policies worked out? What policies do you feel are still lacking in the workforce?
2. If you or your spouse is currently employed, how difficult would it be to take time off for having a child?
3. Some individuals feel that so much focus is put on making the workplace better for underrepresented groups that the majority of the workforce becomes neglected. Do you feel this was the case at IBM? Why or why not? How can a company ensure that no employee is neglected, regardless of demographic group?
4. What types of competitive advantages could IBM have gained from having such a diverse workforce?
In: Operations Management
A New York company is planning to decide about advertisements.
He invites executives from a local newspaper, a local TV station,
and a local radio station to make a presentation.
The newspaper executive claims to be able to provide an audience of
10,000 customers at a cost of $4,000 per ad. The breakdown of
audience:
Male |
Female |
|
Young |
2000 |
1000 |
Senior |
4000 |
3000 |
The executive from the local TV station claims to provide an
audience of 25,000 customers at a cost of $15,000. The breakdown of
audience:
Male |
Female |
|
Young |
5000 |
10000 |
Senior |
5000 |
5000 |
The executive from the local radio station claims to provide an
audience of 15,000 customers at a cost of $6,000. The breakdown of
audience:
Male |
Female |
|
Young |
4500 |
7500 |
Senior |
1500 |
1500 |
The company has the following policy:
a. Use at least twice as many radio commercial as newspaper
ads
b. Reach at least 100,000 customers
c. Reach at least twice as many young people as senior
citizens
d. Make sure that at least 30% of the audience is female.
Available space limits the number of newspaper ads to seven. The
company wants to know the optimal number of each type of
advertising to purchase to minimize the total cost.
a. Formulate a linear programming model first and then
solve this using Excel.
b. Suppose another local radio station approaches and indicates
that its commercial can reach 18,000 customers at a cost of $7,500
with a demographic breakdown:
Male |
Female |
|
Young |
4000 |
8000 |
Senior |
2400 |
3600 |
If the company considered this station along with other media alternatives, how would this affect the solution?
In: Operations Management
Micromedia offers computer training seminars on a variety of topics. In the seminars each student works at a personal computer, practicing the particular activity that the instructor is presenting. Micromedia is currently planning a two-day seminar on the use of Microsoft Excel in statistical analysis. The projected fee for the seminar is $600 per student. The cost for the conference room, instructor compensation, lab assistants, and promotion is $9600. Micromedia rents computers for its seminars at a cost of $60 per computer per day.
a) Develop a model for the total cost to put on the seminar. Let ? represent the number of students who enroll in the seminar.
b) Develop a model for the total profit if ? students enroll in the seminar.
c) Micromedia has forecasted an enrollment of 30 students for the seminar. How much profit will be earned if its forecast is accurate?
d) Compute the breakeven point.
In: Operations Management
Discuss how equal employment opportunity (EEO) influences HR decision making as it relates to compensation.
In: Operations Management
What are products, product mixes, product lines? Why do marketer’s continue to modify products, and product lines? Explain ways that they can modify products, and extend product lines. Give two examples.
In: Operations Management
What are the common heuristics that can be used to schedule resources in a multi-project environment? Use example(s) to discuss and comment on their advantages and disadvantages.
In: Operations Management
Name the types of consumer products, explain the difference between them. Name a product for each and explain how the type influences the distribution and promotion strategy.
In: Operations Management
When a country drafts the legacy for hosting FIFA World Cup or Olympic Games, which stakeholders are in charge for drafting the event legacy for the country?
In: Operations Management
A client report that describes an organization that will provide an organizational intervention. Needs organizational change for performance improvement, sustainability or increase its profitability. Evaluation as a change agent.
Q. Identification of what exactly needs to be change in organization like Samsung Industry through using a diagnostic model.
In: Operations Management