Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem. |
The monthly forecasts for Product X for January, February, and March are 930, 1,550, and 1,220, respectively. Safety stock policy recommends that half of the forecast for that month be defined as safety stock. There are 22 working days in January, 19 in February, and 21 in March. Beginning inventory is 550 units. |
Storage cost is $6 per unit per month based on ending inventory level, standard pay rate is $4 per hour, hiring and training cost is $280 per worker, layoff cost is $380 per worker, and worker productivity is 0.1 unit per hour. Assume that you start off with 47 workers and that they work 8 hours per day. (Leave no cells blank - be certain to enter "0" wherever required. Input all values as positive values. Round Workers Required up to next higher whole number. Round all other variables to nearest whole number.) |
In: Operations Management
Select one project from the working or educational environment of your choice and specify the variation nature of the project in question. Next, propose the overall manner in which you would apply statistical thinking strategy to improve the end result of the selected project. Provide a rationale to support your response.
In: Operations Management
Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,300; winter, 7,600; spring, 6,600; summer, 12,300. Inventory at the beginning of fall is 515 units. At the beginning of fall you currently have 35 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $100 for each temp; layoff, $200 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in Summer. (Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round up "Number of temp workers, Workers hired and Workers laid off" to the next whole number and all other answers to the nearest whole number.) |
In: Operations Management
1. Explain the below in detail about UAE's cultures of International Business.
2. Mention what is the interesting about it & what you don't agree with their culture.
3. Also explain in detail the country's response to the COVID-19 virus with special emphasis on the Political, Social, and Economic (BUT MOST OF ALL CULTURAL) factors.
In: Operations Management
Competitive Profile Matrix of Procter & Gamble ( P & G)
In: Operations Management
The 911 number of the city of Turtle Creek receives emergency calls for a life-support vehicle (LSV) at a mean rate of 15 calls per hour. The interarrival time between these calls has an exponential probability distribution. The time that elapses from the dispatch of an LSV in response to a call until the LSV is available to respond to another call has an exponential probability distribution with a mean of 48 minutes. Turtle Creek defines the average response time as the average time between the receipt of a call and the dispatch of an LSV to attend to this call. Calls are processed on a first-come first-served basis. Turtle Creek wants an LSV fleet of sufficient size to keep average response time to less than 2 minutes.
In: Operations Management
In: Operations Management
Explain in detail the following question:
Life will not be the same for any company which survives the cover-19 pandemic crisis. Organization will have to change and adapt.
Question: Select an organization which is likely to survive, in your opinion.
1.Describe 3 factors / levers which such an organization can use to promote change.
2. How Might it change ?
Note: Suggest or name any 3 factors which such an organization can use to promote change and explain them
In: Operations Management
Create a T-Format Cover Letter for a Human Resources/Business Administration Specialist. Please make sure all of the following points are included and addressed/answered appropriately.
- Locate a job position relevant to HR/Business Admin. that you would be interested in applying to once you graduated from college.
- Identify the specific 'big' categories of education, experiences and skills the job requires or are listed as 'preferred'.
- Identify things you have done that relates to these areas/categories. Or, experiences/skills you will have by the time you apply for this kind of job.
- Make sure you include where the job posting was accessed/found and what the name is of the job posting.
- FORMAT - Outline:
- You will have an opening sentence or two
- Then the "T" format where you have experiences/skills desired on one side, and an example of how you have related experience on the opposite side.
- You will have a closing paragraph
- Signature
In: Operations Management
Describe the advantages and disadvantages of small group instruction to meet the diverse needs of learners. How can you effectively incorporate technology into small group instruction?
In: Operations Management
In: Operations Management
Representatives of hotels, restaurants, hotel and restaurant supply companies, and other businesses located in Portland, Oregon, organized an association to attract conventions to their city. Members were asked to make contributions equal to 1 percent of their sales to finance the association. To aid collections, hotel members, including Hilton Hotels Corporation, agreed to give preferential treatment to suppliers who paid their assessments and to curtail purchases from those who did not. This agreement violated federal antitrust laws. The United States sued the members of the association, including Hilton Hotels, for the crime of violating federal antitrust laws. Can a corporation be held criminally liable for the acts of its representatives? If so, what criminal penalties can be assessed against the corporation? United States v. Hilton Hotels Corp., 467 F.2d 1000, Web 1972 U.S. App. Lexis 7414 (United States Court of Appeals for the Ninth Circuit)
In: Operations Management
In: Operations Management
How would you define the terms diversity and diversity management? How does the concept of diversity fit into team development?
In: Operations Management
As a new, entry-level manager, how important is it for you to find ways to compensate for your relative lack of experience when trying to determine which alternative before you is most likely to succeed? What are some ways you can meet this challenge?
In: Operations Management