What suggestions can be given to Enron Corporation after its scandal?
In: Operations Management
Recall what you learned about criminological theories and behavior this week and respond to the following items in your post:
In: Operations Management
Business Research:
Case Study:
Strawberry International wishes to conduct a research study using their employees as key participants. The organisation maintains a global footprint and employs over 25 000 employees at several branches worldwide.
Question:
Discuss the reasons why sampling such a population is necessary. Additional Research is required. Read, understand and apply Section 4: sampling
In: Operations Management
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a) In your opinion, how will the role of promotion change with the advent of the new digital media landscape?
b) To what extent do online consumer reviews affect consumer decision making?
c) How can marketers prevent the negative effects of consumer reviews?
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Imagine that you are developing a public relations plan for a business you frequently patronize. Identify a problem or opportunity facing that business. Explain in detail how you might apply each of the four basic steps of a public relations plan (see “ Conceptualizing the Public Relations Plan” in Chapter 5) when developing a plan for that business to address the problem or opportunity. Chapter 5, “Implementing Public Relations Programs,” discusses a number of public relations duties. Choose the most challenging of these duties and explain why it is more difficult than the others.
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In: Operations Management
Synthesize and present key analytical findings about where Heineken is exceling and how or where it can improve??
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Suppose we have two ways to source a product. One way is from the local supplier, while a second way is from a distant supplier. The terms and parameters for each source are as given in following table:
| Local Supplier | Distant Supplier | |
|---|---|---|
| Cost per unit, c | $1.15 | $1.00 |
| Lead time (no uncertainty), L | 3 weeks | 12 weeks |
| Transportation cost per unit, ct | $0.10 | $0.12 |
Suppose demand for the component is μ=500/????; σ=100/????. (Assume normally distributed demand). Suppose we have a holding cost of h=$0.01/week. This applies to all inventory in the system.
Total landed cost per unit (equal to the procurement cost plus transportation cost plus holding cost for pipeline stock) for each source. Local supplier total landed cost (TLC)= 1.28, Distant supplier total landed cost (TLC)=1.24.
Question 1: Suppose we source from a single supplier, and suppose we assume a periodic review policy with r = 1 week; suppose we have a shortage cost ? = 0.30/unit. What is the base stock for each option that minimizes the expected costs? Base Stock for Local Supplier= Base Stock for Distant Supplier=
Question 2: Suppose we follow the base stock policy calculated in question 1. What is the expected total cost per week for each option? The expected total cost is the sum of the procurement cost, the transportation cost, the inventory holding cost for the pipeline inventory plus the cycle stock and safety stock, and the shortage cost. Local Supplier= Distant Supplier=
Question 3: Suppose we implement a dual sourcing strategy, and we place a standing order with the distant supplier for 350 units per week. Suppose it is Jan. 7, 2019, which is a review epoch at which we place an order to the local supplier. The prior orders from both the local and distant supplier have been received and the inventory on hand is 1000 units. There are two orders in process with the local suppler: an order for 75 units to be delivered on Jan. 14, and on order for 100 units to be delivered on Jan. 21. In addition, under the terms of the standing order, the distant supplier will deliver 350 units on Jan. 14, Jan. 21, Jan. 28, etc. Suppose the base stock level for the local supplier is 2370. How much is the local supplier order on Jan. 7 for delivery on Jan. 28?
In: Operations Management
What is the difference in Leadership and business structure?
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What complicates the analysis of an enterprise budget for planting and harvesting a crop that extends beyond one growing season
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1. Car insurance and homeowners insurance both offer medical payments coverage. Explain how and why this coverage differs with respect to both types of insurance.
2. Car insurance and homeowners insurance both offer personal liability coverage. Explain how and why this coverage differs with respect to both types of insurance.
3. Car insurance and homeowners insurance both offer coverage for property damage (to your own property). Explain how and why this coverage differs with respect to both types insurance.
4. Explain by comparing and contrasting car insurance and homeowners insurance how what is insured (i.e., car vs. house) determines the structure of an insurance policy (i.e., types of coverages and their relative importance).
5. Why is damage to a car insured on an actual cash value basis, while damage to a house is insured on a cost replacement basis? What would happen if it were the other way round?
In: Operations Management
Working Together with Robots at Dynamic Group
Machines and People: Working Together
A chief executive of a manufacturing company is considering replacing current employee line positions with robots. The expectation is to essentially replace a total of four employees with one robot and one employee, only. The time that it takes to finish the product by the robot is estimated to be less than one minute (rather than one minute for each of the four employees.)
One employee is needed to examine the finished product. The employee and the robot work collaboratively. The robot is easy to move and reprogram and is a safe working companion (if it hits someone it stops working without causing injury). The robot paid for itself within two months by increasing the efficiency of the process and eliminating scrap. Productivity actually decreased at first when the robot was installed because employees enjoyed watching it work.
The chief executive believes that manufacturing systems in the future will work alone through taking raw materials and transforming them into products. He believes such a system will create more (not less) jobs and allow the company's machine operators to use their knowledge to help program the robots to do the work more efficiently and effectively rather than personally perform the work. As a result, the operators can put more effort into coming up with more creative and innovative ways to make products.
This company is not alone in its efforts to have employees and robots work together. Siemens Corporation is designing a data glove that allows an employee to control and direct a robot arm. The glove captures and transforms the movements of human hands into actions performed by the robot hand, matching the strength and accuracy of robots with human decision making power. At General Motor's Lake Orion automobile manufacturing plant, a robot lifts tires and stacks them on a cart.
In: Operations Management