Franklin Furniture

Franklin Furniture produces tables and chairs at its East-side plant for use in university classrooms. The unit profit for tables is $70, while that for chairs is $30.

Tables and chairs are manufactured using finished pressed wood and polished aluminum fittings. Including scrap, each table uses 20 square feet of pressed wood, whereas each chair uses 12.5 square feet of the pressed wood. Franklin Furniture has 6000 square feet of the pressed weed available for the East-side plant weekly. The aluminum fittings that reinforce the legs of both the tables and chairs are purchased from an outside supplier. Franklin Furniture can purchase up to 400 boxes of fittings weekly; one box is required for each table or chair manufactured.

Production time is 72 minutes (1.2 hours) per table and 18 minutes (0.3 hours) per chair. Franklin Furniture has eight employees, each of whom works an average of 7.5 hours per day. Thus, in an average five-day work week, the company has available 8(7.5)(5) = 300 production hours.

Franklin Furniture also produces desks and computer workstations at its West-side plant. Each desk nets the company a profit of $100, while each computer workstation nets $125. These products are also produced from finished pressed wood and aluminum. The amount of each, as well as the labor time needed to produce a desk or computer workstation, is given in the following table.

Franklin Furniture is considering combining operations of both plants into a single plant. This consolidation will combine the weekly available resources so that 12,000 square feet of pressed wood, 800 boxes of aluminum fittings, and 600 production hours will available weekly. However, the accounting department estimates the cost of renovating the plant will be $5000 per week, on an amortized basis.

In your role of a Business Consultant to Franklin Furniture, prepare a business report for Franklin Furniture giving optimal weekly production schedules for each of its plants operating separately. Then include an analysis and recommendation to Franklin Furniture for combining operations at both plants into a single plant.

(Hint: This case can be solved by splitting it into three small cases, two of which can be analyzed using only two decision variables.)

1. Identify a person you know very well (job supervisor, peer, friend, relative, etc. without asking any question to him or her). Evaluate that person in terms of:
   1. Cognitive moral development
   2. Ethical decision‐making style
   3. Moral disengagement
   4. Locus of control
   5. Machiavellianism
      

What does this evaluation in each of the 5 areas tell you about the way he or she pursues ethical decision making?

1. Explain the differences between the deontological and the teleological roots of fraudulent behavior of employees. Besides explaining the difference conceptually, show the differences with a rich example.

1. You have answered questions about the use of social media and their negative and positive effects on people’s ethical behaviors. To deemphasize the negative effects in communication opportunities provided by social media, how can specific organizations using social media, such as Facebook, Twitter, and Blogging, promote ethical behavior among employees, users, and people in general? Be specific in your recommendations; writing a line of good thoughts or guesses will not make it.

for Boeing please focus in the following

1. If you had $20,000 to invest, would you invest it is this firm?
2. Why or why not? (Discuss this in relation to Boeing. Do not offer alternative investment areas.)

1) A person is using the normal distribution to determine the safety stock for a product. If the weekly demand is N(40, 16) and the company wishes to maintain their 90 percent service level, approximately how much safety stock should be held given a one-week lead time?

Select one:

a. 21 units

b. 17 units

c. 9 units

d. 6 units

2) A person is using the normal distribution to determine the safety stock for a product. If the weekly demand is N(40, 16) and the company wishes to maintain their 90 percent service level, what is the approximate reorder point given a one-week lead time?

Select one:

a. 61 units

b. 46 units

c. 49 units

d. 57 units

• Summarize the background of the terrorist organization, its purpose, and structure.
• Explain the political, religious, and ideological views and motivations.
• Which definition or definitions of terrorism most closely fit your chosen terrorist organization?
• Discuss if the organization identifies with left wing views, right wing views, or other political ideology and why.
• Expand on the impact that right- and/or left-wing extremism has on terrorism.

Compare and Contrast stage models of change management.

3. If you collect too much information for analyzing a decision, you can suffer from analysis paralysis, where you spend too much time thinking about a decision rather than making one. Recall a major financial decision you made recently, such as a car or housing purchase or rental. Describe your process for making the decision. How could analysis paralysis have affected this process?

4. Decision support tools rely on objective, mathematical data. What part do ethics play in using decision support software?

You are a new associate at the law firm of Dewey, Cheatum, and Howe, a high powered law firm in the State of Maryland. On your first day, your boss comes in to discuss the firms newest client with you. Her name is Ellen Green, the parent of Sammy Green, age 11. Ellen is a single mother, but her ex-husband, Joe, shares custody of and has visitation with Sammy on alternate weekends.

Sammy played soccer for a recreational team located in Columbia, MD, the Eagles, which were coached by Ken Russell. Sammy was incurred during a regularly scheduled Saturday afternoon game against the Vultures, another recreational team. The Vultures were coached by Leonard Smith. The game was referred by Jim James. Both teams are part of a league run by the nationally recognized "Soccer Comes First, Inc" company, who's offices are located in New York, NY. The games were played on fields owned by the organization in the state of Maryland. All coaches and referees are employees of the organization. Ellen was not present for the game as it was a weekend when Joe had Visitation.

The league has rules for the conduct of games. One rule gives the referee the authority to decide whether a game should be cancelled for weather conditions. It had rained and sleeted steadily on the day of the game and several parents of players from both teams asked James to cancel the game. Neither of the coaches nor Joe Green expressed any objections to playing the game. This was the last game of the season and would decide who would be in first place. James did not postpone the game, although a referee for an earlier game on the same field had canceled a game between two other teams in the same league.

The two teams were evenly matched, and the game was a close one. In the second half, there were two incidents were the players slipped and fell on a wet and icy patch of ground near the Vultures' goal. One player was not hurt, the other twisted his ankle. In the last minute of the game, Sammy slipped and fell in the same area. Before he could get up, Andy Olsen, a player for the Vultures, also fell and slid into Sammy, kicking him in the head. Sammy suffered a severe injury to his skull and upper spine which required extensive surgery and rehabilitation.

Ms. Green would like for the firm to look at the following issues:

1. Who, if anyone, can be sued, for what, and how could these claims be proven?

2. Is the fact that Ellen owns 10% of "Soccer Comes First, Inc" matter in any way?

The senior partner reminds you that Ms. Green is a very particular individual and expects the firm to provide support for their recommendations.

1. Decision support tools are widely used in the business world and are becoming increasingly complex and specialized. What do you think are the dangers of developing and using sophisticated decision support tools?
2. What are the advantages of using mathematical decision tools such as decision trees and weighted factors?
3. Suppose that you are about to make a major decision, such as returning to school full time (or ending your academic career to work full time). How could you use a tool discussed in this Part to help you as you make your decision?

A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order.

a. Assuming that monthly demand will be level during each of the six-month periods covered by the forecast (e.g., 100 per month for each of the first six months), determine an order size that will minimize the sum of ordering and carrying costs for each of the six-month periods. (Round your answers to the nearest whole number.)

Period Order Size 1 – 6 months units

7 – 12 months units

b. If the vendor is willing to offer a discount of $10 per order for ordering in multiples of 50 units (e.g., 50, 100, 150), would you advise the manager to take advantage of the offer in either period? If so, what order size would you recommend? (Round intermediate calculations to 2 decimal places.)

Period Order Size

1 – 6 months units

7 – 12 months units

A small copy center uses 6 600-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 6 boxes per week and a standard deviation of .60 boxes per week. 2 weeks are required to fill an order for letterhead stationery. Ordering cost is $6, and annual holding cost is 35 cents per box.
Use Table.

a. Determine the economic order quantity, assuming a 52-week year. (Round your answer to the nearest whole number.)

EOQ             boxes

b. If the copy center reorders when the supply on hand is 13 boxes, compute the risk of a stockout. (Round "z" value to 2 decimal places and final answer to 4 decimal places.)

Risk            

c. If a fixed interval of 7 weeks is used for ordering instead of an ROP, how many boxes should be ordered if there are currently 28 boxes on hand, and an acceptable stockout risk for the order cycle is .0228? (Round "z" value to 2 decimal places and final answer to the nearest whole number.)

Q₀           

The 8 managerial tasks relevant to executing strategy effectively.

1. Staffing, developing resources, developing competencies, developing capabilities, organizational structure (10)
2. Steer resources to critical value chain activities (11)
3. Ensure policies and procedures are in place (11)
4. Adopt best practices and pushing for continuous improvement in how value chain activities are performed (11)
5. Installing information and operating systems (11)
6. Using rewards and incentives properly (11)
7. Instilling a corporate culture (12)
8. Exercise strong leadership, make corrective adjustments, move toward operating excellence. (12)

Choose at least one of these areas that relate to Netflix and specifically discuss how, as their strategic planner, you would implement the activities involved. You may choose more than one.

Sales of​ Volkswagen's popular Beetle have grown steadily at auto dealerships in Nevada during the past 5 years​ (see table​ below).

​a) Forecasted sales for year 6 using the trend projection​ (linear regression) method are ____ sales ​(round your response to one decimal​ place).

​b) The MAD for a linear regression forecast is _____ sales ​(round your response to one decimal​ place)

​c) The MSE for the linear regression forecast is ______ sales ​(round your response to one decimal​ place).