The Monet Company produces four types of picture frames, which are labeled types 1, 2, 3, and 4. The four types of frames differ in size, shape, and materials used. Each type requires a certain amount of skilled labor, metal, and glass. These requirements, along with the profit for each one are shown in the table below:
|
Labor (hours) |
Metal (ounces) |
Glass (ounces) |
profit |
|
|
Frame 1 |
2 |
4 |
6 |
$6 |
|
Frame 2 |
1 |
2 |
2 |
$2 |
|
Frame 3 |
3 |
1 |
1 |
$4 |
|
Frame 4 |
2 |
2 |
2 |
$3 |
During the coming week Monet has 4000 hours of labor, 6000 ounces of metal, and 10,000 ounces of glass. Also, due to market constraints, it is impossible to sell more than 1000 type 1 frames, 2000 type 2 frames, 500 type 3 frames, and 1000 type 4 frames. The company wants to maximize profits.
Formulate a linear program to determine how many of each type of frame should Monet build. Include an objective function and all constraints.
In: Operations Management
Electronic communication is fast, cost-effective, and convenient. We are able to be connected with others at all times but at what personal cost, What are the disadvantages? What can be done to capitalize on the advantages while addressing the inherent disadvantages of being connected 24/7?
In: Operations Management
I would like you to share some relevant ideas about your Southwest Airlines Marketing Plan. The following questions might help you with that:
In: Operations Management
5 point agenda for procrument specialist (follow the below format)
Point #1:
Description:
Relate to Company/Position:
Script:
job summary: This is a Direct Hire position with a fast growing company. Our client is looking for a self motivated, high energy Procurement Specialist with strong communication skills. This person must be organized and adaptable with ability to change gears quickly to meet deadlines and changing priorities. This person will oversee supply chain to ensure production strategies and goals are met.
In: Operations Management
A company blends three ingredients A, B, and C to form two types of fertilizers, standard (S) and premium (P). The company has to produce at least 500 pounds of each type of fertilizer. Standard fertilizer should have at least 35% of nitrogen. Premium fertilizer should have at least 35% chlorine. Composition, availability and cost of ingredients are as indicated below:
|
Ingredient |
Nitrogen Content |
Chlorine Content |
Cost/lb. ($) |
|
A |
30% |
40% |
10 |
|
B |
30% |
30% |
12 |
|
C |
40% |
30% |
18 |
Formulate a linear programming model that will minimize the cost of production.
(a) What are the Decision Variables for the above problem?
ANSWER:
(b) What is the Objective Function for the above problem?
ANSWER:
(c) What are the constraints for the above problem?
ANSWER:
In: Operations Management
HBR Case: RENAULT TRUCKS: REMANUFACTURING AS A STRATEGIC ACTIVITY
1. What are the strategic objectives of the remanufacturing initiative for Renault Trucks?
2. What should Renault do with its remanufacturing program? (Outsource, expand internally or build new plant as discussed in the case) Need financial and strategic reasons to back up the rationale.
In: Operations Management
Case Study in Procurement
Assignment:
Please Find a real case study (Do not assume) on the subject of Procurement that involved significant and costly mistakes.
Prepare a (3-4) page report on this experience including the following:
In: Operations Management
1a) What kind of leader do you like to work with and what kind of leader are you?
2b) What experiences---both positive and negative--have you had as a member of a team and what have you learned from those experiences that you can apply to your career?
In: Operations Management
The BCG (Boston Consulting Group) Analysis is widely used because of its simplicity and objectivity. For each business within a company -- on the Y-axis is plotted industry growth rate (plus and minus from a zero point) and on the X-axis is plotted relative market share, defined as the sales of a company divided by the sales of the industry leader. This gives us a look at our portfolio of businesses, showing the growth rate of their industries and our relative strength in each compared to competition. By convention, in the original model the relative market share starts at zero on the right end of the scale and moves to 1 on the left. Again, by convention, businesses in the upper left quadrant are called “stars”. In the lower left, they are “cash cows”. In the upper right, they are “question marks” and in the lower right “dogs”. Also a convention: each business is represented by a circle (size proportional to sales). The whole thing is sometimes called a “bubble chart”
In addition to giving a snapshot of the company’s holdings, the analysis also lends itself to looking at cash flow prospects, and the potential need to borrow money or divest assets in order to provide the necessary cash to operate or expand the businesses.
In a Chapter Eleven bankruptcy, the business is protected from its creditors while a bankruptcy master appointed by a court works with wide latitude on a reorganization plan. Why would the government want to protect the business from creditors and try to have it emerge from bankruptcy in an altered form rather than just letting it go under and stop operating?
In: Operations Management
he manager of the O’Brian Glass Company is planning the production of automobile windshields for the next four months. The demand for the next four months is projected to be as shown in the following table.MonthDemand for Windshields1130214032604120 292 Chapter 5: Transportation, Assignment, and Network ModelsO’Brian can normally produce 100 windshields in a month. This is done during regular production hours at a cost of $100 per windshield. If demand in any one month cannot be satisfied by regular production, the production manager has three other choices: (1) He can produce up to 50 more windshields per month in overtime but at a cost of $130 per windshield; (2) he can purchase a limited number of windshields from a friendly competitor for resale at a cost of $150 each (the maximum number of outside purchases over the four-month period is 450 windshields); or (3) he can fill the demand from his on-hand inventory. The inventory carrying cost is $10 per windshield per month. Back orders are not permitted. Inventory on hand at the beginning of month 1 is 40 windshields. Set up and solve this “production smoothing” problem as a transportation model to minimize cost. Hint: Set the various production options (e.g., regular production, outside purchase, etc.) as supply nodes and the monthly demands as the demand nodes. MLA (Modern Language Assoc.) Balakrishnan, Nagraj, et al. Managerial Decision Modeling
In: Operations Management
Based on the company Barnes and Noble:
1. What trends in the external environment present threats to your company (look at all six areas of the external environment).
2. What trends in the external environment present opportunities for your company (look at all six areas of the external environment).
3. Please provide a summary of those opportunities and threats in an easy to understand table.
4. Describe the competitive environment using a porter's five forces analysis. Draw at least two conclusions from this analysis that will affect your companies strategic planning and decision making. For example, what does the structure of this industry say about the potential for profits?
In: Operations Management
As the marketing manager, you have an advertising budget of $500,000. Several advertising alternatives exist: newspaper, television, radio, and magazine. The information below shows the characteristics associated with each of the advertising alternatives, as well as the maximum number of placements available in each medium. In addition, the total number of print ads (newspaper and magazine put together) should be at least 20. Formulate this as a linear programming problem that maximizes exposure (audience reached).
|
Type |
Cost |
Maximum number |
Exposure (1000s) |
|
Newspaper |
1000 |
70 |
60 |
|
Magazine |
1500 |
60 |
50 |
|
Television |
2000 |
50 |
100 |
|
Radio |
3000 |
80 |
70 |
(a) What are the Decision Variables for the above problem?
Answer:
(b) What is the Objective Function for the above problem?
Answer:
(c) What are the constraints for the above problem?
Answer:
In: Operations Management
1. In a well-written IEP, measurable annual goals must relate to the student's present level of educational performance.
True or False
2. "Sally is a fine swimmer" is a good example of a well-written, objective, and measurable present level of performance (PLP) statement.
True or False
3. Which of these elements of a measurable annual IEP goal represents the performance criteria or the change that the IEP team expects the student will attain based on the intervention and instruction during the IEP cycle?
a.) level of proficiency
b.) measurement technique
c.) task or action
d.) conditions
e.) present level of performance
4. Which of these statements would be an appropriate entry under the IEP section on present level of educational performance?
a.) John completed 18 laps on the 16-meter PACER (meets specific health-related standard for the Brockport Physical Fitness Test).
b.) John will improve his aerobic functioning.
c.) John will catch a tennis ball tossed from a distance of 25 feet (7.6 m) at least 6 out of 10 times.
d.) The PACER test (20 m) was modified to the 16-meter PACER.
e.) John will take general physical education with the fourth-grade class.
In: Operations Management
Through Decoupling and Line of Visibility how you would use the Theory of Constraints with the system/theory below to create an effective process?
In: Operations Management
From the real national market, select any company of your choice in Saudi Arabia , wishing to go global. Critically analyze the chosen company based on the following questions.
Questions:
it should be unique answers
In: Operations Management