Find definitions and gives examples for each:
1. Tourism components and supply.
2. Measuring and forecasting demand
3. Tourism’s economic impact
4. Tourism policy
5. Tourism planning development and social considerations
6. Tourism and the environment (Eco-tourism)
7. Marketing tourism destinations
8. Tourism’s future
In: Operations Management
1. National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows:
Month | Sales (000)Units |
Feb. | 19 |
Mar. | 15 |
Apr. | 8 |
May. | 17 |
Jun. | 19 |
Jul. | 20 |
Aug. | 22 |
b.
Forecast September sales volume using each of the
following:
(1) A linear trend
equation.(Round your intermediate calculations and final
answer to 2 decimal places.)
Yt 21.42 Correct thousands
(2) A five-month
moving average. (Round your answer to 2 decimal
places.)
Moving
average Not
attempted thousands
(3) Exponential
smoothing with a smoothing constant equal to .25, assuming a March
forecast of 15(000). (Round your intermediate forecast
values and final answer to 2 decimal places)
Forecast
Not attempted thousands
(4) The naive
approach.
Naive
approach
Not attempted thousands
(5) A weighted average
using .65 for August, .10 for July, and .25 for June.
(Round your answer to 2 decimal places.)
Weighted average Not attempted thousands
In: Operations Management
Case – Recreational Park Project
The public has recognized the benefits of recreation and parks as essential to their health and quality of life. A recent survey conducted in 2016 found that the construction of more recreational facilities was a top priority among residents in Lazarette Town (in the Caribbean).
As such, the town council in Lazarette, with the help of other key stakeholders, has sourced and secured three (3) million dollars of grant funds from the Caribbean Wellness Community (CWC) for the development of a mini outdoor recreational park on three (3) acres of land donated by a benevolent resident of the town.
The park will contain sporting facilities among other recreational facilities (e.g. walking trails, children playground, tennis court, basketball court, work out stations, benches, shower facilities, rest rooms etc.). All major key stakeholders and sponsors have unanimously agreed that that the facility should cater for residents of all ages. Additionally, a group of minority stakeholders has expressed their requirements of having an eco-friendly and climate resilient facility. The park should be completed and ready for use by 2022, i.e. the project duration should not exceed two years.
To ensure that the project is completed on time, within scope and on budget, the funding agency and the Lazarette Town Council require that a dedicated and knowledgeable project team is assigned to the project. CWC has expressed the need for the project deliverables to be of ‘high’ quality to guarantee stakeholders’ satisfaction and safety. The CWC requires that ‘tight’ procurement processes should be followed to ensure transparency, accountability and economy. It is anticipated that most of the goods, works and services for building the park will be procured from vendors, suppliers and contractors in the town. In addition, CWC has detailed the need for both positive and negative projects risk to be properly managed throughout the project.
In response to CWC implied and expressed requirements, the Lazarette Town Council has selected and appointed your team to provide project management services for the Recreational Park Project. As a proactive team, your team has decided to use ‘best practices’ in project management to plan project activities and get approval from key project stakeholders before constructing or building the facility. Give the type and nature of the project, the intention is to use a traditional/waterfall approach to project management activities instead of the largely popular and contemporary agile methodology used other industries.
Your team understands the value of planning before doing, and the council’s concerns of not losing the grant funding from CWC. In addition, your team is keen on building a good reputation in the
town. With a can do attitude and the need to increase the chances of the project success, the project management team (your 5-member group) is determined to ensure that the team utilizes the ‘best practices’ for planning, executing and controlling this valuable community based project.
1. Justify the need to effectively manage quality for the project.
In: Operations Management
In: Operations Management
1) Eagle Fabrication has the following aggregate demand requirements and other data for the upcoming four quarters.
Quarter |
Demand |
Previous quarter's output |
1500 units |
1 |
1400 |
Beginning inventory |
200 units |
2 |
1000 |
Stockout cost |
$50 per unit |
3 |
1500 |
Inventory holding cost |
$8 per unit at end of quarter |
4 |
1300 |
Hiring workers |
$5 per unit |
Laying off workers |
$10 per unit |
||
Unit cost |
$30 per unit |
||
Overtime |
$10 extra per unit |
Which of the following production plans is better: Plan A—chase demand by hiring and layoffs; or
Plan B—produce at a constant rate of 1200 and obtain the remainder from overtime?
Finish the calculation and show all work!
Plan A:
Eagle Fabrication Solution
Demand |
Regular Time Capacity |
Regular Time Production |
Hire |
Fire |
|
Initial Inventory |
|||||
Period 1 |
1,400 |
1200 |
|||
Period 2 |
1,000 |
||||
Period 3 |
1,500 |
||||
Period 4 |
1,300 |
||||
Total (units) |
5,200 |
||||
@$30/unit |
@$5/unit |
@$10/unit |
|||
Subtotal Costs |
$?????? |
$???? |
$???? |
||
Total Cost |
$?????? |
Plan B:
Eagle Fabrication Solution
Demand |
Regular Time Capacity |
Overtime Capacity |
Regular Time Production |
Overtime Production |
Inventory (end PD) |
Fire |
|
Initial Inventory |
200. |
||||||
Period 1 |
1,400 |
1,200 |
|||||
Period 2 |
1,000 |
||||||
Period 3 |
1,500 |
||||||
Period 4 |
1,300 |
||||||
Total (units) |
5,200 |
||||||
@$30/unit |
@$30+@$10 = @$40/unit |
@$8/unit |
@$10/unit |
||||
Subtotal Costs |
$?????? |
$???? |
$???? |
$???? |
|||
Total Cost |
$?????? |
Answer:
In: Operations Management
In: Operations Management
Abeego is the original beeswax food storage wrap company, based out of Victoria, BC. The true vision behind Abeego is to Keep Food Alive and hold space for those hungry to rekindle food wisdom inherent to humankind.
Abeego plans to export to Germany. Describe an effective Promotional plan and strategy for the export? (min 300 words)
Consider these points for your Promotion strategy:
Major message thrust
Advertising—media mix, reach, costs
Sales Promotion—forms, objectives, and costs
Personal Selling
Miscellaneous promotional methods
Social Media
In: Operations Management
You have to write a blog on any topic. Do a small research and find out any relevant topic. Prepare a blog write up. You have to write minimum 1000 words.
kindly writer in computer thanks alots
In: Operations Management
4.4 Find an article about a company that had to deliver a communication of bad-news to its constituents or the general public. The bad-news message could be a result of one of the following situations: A product defect or failure A reduction in workforce An under-performing financial quarter A new but unpopular policy such as a pricing strategy Write a 600 to 800 word paper demonstrating clear, insightful critical thinking on the proper approach to delivering bad-news messages. Review the components of bad-news messages: ease in with a buffer, provide a rationale, deliver the bad news, explain impacts, focus on the future and show goodwill. (see LO 11.3 Components of Bad-News Messages). Which components are included in the bad-news message you are reviewing? Which are missing that should have been included? Explain. How well did the bad-news message meet the needs of the victims and other stakeholders? Do you believe the communication was completely fair? Explain. What are three aspects of the bad news message that could have been improved? Explain. Expert Answer Anonymous answered this Was this answer helpful? 0 0 193 answers The problem pertains to the change management at the organisation and giving bad news about the dissolution of the company and hence termination of employment of the employees with the company. Since this news has financial, emotional, psychological and social implications for the employees, it needs to be dealt with utmost sensitivity keeping in mind that employees have been major stakeholders in the growth of the bank and thus they need to be approach with a mature outlook towards their problems. Most business communication professionals do not feel that email is a good way of communicating when the sender has to convey a bad news and it is much better to have a face to face or telephonic conversation in such cases. But, sometimes it is not feasible to have meetings or conversations because of the large number of people involved, unavailability of all the parties, validity and proof of the conversation and geographical distance between the participants.
In: Operations Management
Are bad people or bad systems the primary cause of ethical problems? Which do you believe was the fundamental factor in the ethical dilemma surrounding the Tuskegee Study? (The Case of the Tuskegee Syphilis Study , Allan M. Brandt). Please this help!
In: Operations Management
In: Operations Management
Q2. Supply Chain Management
(a) Suppose you are a print house manager for newspapers. Your cost is 20 cents per newspaper and you charge the retailer 80 cents per newspaper. The retailer sells to customers at $1 per newspaper. Any unsold newspaper is returned to you for full refund of the wholesale price. Demand for newspapers is normally distributed with mean 50 and standard deviation 9. How many newspapers should you print? (4 points)
(b) The retailer would like to “induce” you to print more newspapers. Therefore, the retailer agrees to “pay-back” unsold newspapers at price $2 cents per newspaper. How many newspapers will you print? What pay-back price should the retailer offer to induce you to print the quantity that maximizes the combined profit of you and the retailer? (4 points)
In: Operations Management
What is the Bullwhip Effect? Why does it occur? How can it be overcome?
In: Operations Management
Choose a company, find its code of ethics and evaluate it. Do you think it is well written or do you see potential issues? If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If no, how would you ensure that your employees were following ethical business standards?
In: Operations Management
Identify and briefly discuss two of the financial performance indicators from the following list. Why are they important to a company's performance and why did you choose those two to review? If a company is doing poorly on these indicators, what actions should they take?
In: Operations Management