A steel product is manufactured by starting with raw material (carbon steel wire) and then processing it sequentially through five operations using machines A to E, respectively (see table below). This is the only use that the five machines are put to. The hourly rates for each machine are given in the table. Answer the following questions. Use the original output rates to answer each question (i.e., disregard any changes mentioned in previous questions).
Operation: | 1 | 2 | 3 | 4 | 5 |
Machine: | A | B | C | D | E |
Hourly unit output rate: | 80 | 40 | 30 | 110 | 50 |
Consider the following questions.
a. What is the maximum output per hour of the steel product?
b. By how much would the output be improved if B was increased to 50?
c. By how much would the output be improved if C was increased to 40?
d. By how much would the output be improved if C was increased to 50?
e. What is the effect on the system if machine A can only manage an output of 20 in one hour?
f. What is the effect on the system if machine C can only manage an output of 20 in one hour?
g. What is the effect on the system if machine B is allowed to drop to an output of 20 in one hour?
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Thumbs Up Will Be Given For Answer.
Please ELABORATE and give examples on the 2 courses of action/strategies Delta Airlines will take that are listed below:
1st course of action: Emphasize policies and protocols aligned with the CDC and WHO to ensure customer safety to retain brand loyalty (for aftermath of pandemic). Do this through advertising/marketing/consistent communication from CEO himself/offer benefits and reliable customer service.
2nd course of action: Shift their focus to other sources of revenue by undertaking a broad diversification strategy (freight flights and penetrating foreign markets in geographic regions where the “first wave” of COVID-19 has already passed through - like Asia).
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If you are appointed to be the CEO of Amazon Turkey, what will be your major strategic road map in terms of market entry and customer communication especially in Covid process? (think about using digital technologies)
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Identify a company that has been in the media in the last 12 months due to a controversy. Find a communication from the company and identify a paragraph that has at least 3 sentences. Evaluate the effectiveness of the paragraph at three levels found in Chapter 5: overall paragraph structure, sentence effectiveness, and the effectiveness of six words of your choosing. Write your evaluation citing specific elements from the chapter.
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In what ways can an organization’s structure and culture contribute to or impede the organization’s strategic initiatives?
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not too long answers
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1) Discuss the trends that are leading to the increased interest in variable pay.
2) Why do companies prefer merit bonuses over merit pay increases?
3) Discuss the plans that provide for variable incentives linked to a standard expressed as a time period per unit of production.
4) Briefly explain the concept of sales value of production (SVOP).
5) What is the difference between success-sharing plans and risk-sharing plans?
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Homework #1 Process Improvement and Lean Services
1. Using Visio (or powerpoint diagram as long as it uses the same symbols) prepare a cause-and-effect diagram (fishbone diagram) for “Why customers could have long waits when they are getting coffee at Trader Bings. (To access the cause-and-effect template just use the Visio search option.)
2. Using lean principles make two recommendations that would improve the process.
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1) What are the behaviors that compensation needs to enforce? 2) In the context of the pay model, explain how effectiveness is dependent on equity in designing a pay system. 3) Briefly explain the concept of flexible compensation. 4) Explain the expectancy theory of motivation. 5) Compare risk-sharing and success-sharing plans. |
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How might a project manager (PM) treat project A and B differently?
Project A: Several critical paths, virtually no slack
Project B: Single critical path; several activities with a lot of slack
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As part of the project management process, consideration must be given to acquiring the products and services that will be used during the project to produce the desired product. Project managers are tasked with sourcing these goods and services and creating and managing contracts with the sellers
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Vietnam is a country undergoing transformation from a centrally planned socialist economy
to a system that is more market orientated. The transformation dates back to 1986, a decade
after the end of the Vietnam War that reunited the north and south of the country under
communist rule. At that time, Vietnam was one of the poorest countries in the world. Per
capita income stood at just $100 per person, poverty was endemic, price inflation exceeded
700 percent, and the Communist Party exercised tight control over most forms of economic
and political life. To compound matters, Vietnam struggled under a trade embargo imposed
by the United States after the end of the Vietnam War.
Recognizing that central planning and government ownership of the means of production
were not raising the living standards of the population, in 1986 the Communist Party
embarked upon the first of a series of reforms that, over the next two decades, transformed
much of the economy. Agricultural land was privatized and state farm collectives were
dismantled. As a result, farm productivity surged. Following this, rules restricting the
establishment of private enterprises were relaxed. Many price controls were removed. State-
owned enterprises were privatized. Barriers to foreign direct investment were lowered, and
Vietnam entered into trade agreements with its neighbors and its old enemy the United States,
culminating in the country joining the World Trade Organization in 2007.
The impact of these reforms has been dramatic. Vietnam achieved annual economic
growth rates of around 7 percent for the first 20 years of its reform program. Although
growth rates fell to 5 percent in the aftermath of the 2008–2009 global financial crisis, by
2015 Vietnam was once again achieving growth rates of around 6–7 percent. Living
standards have surged, with GDP per capita on a purchasing parity basis reaching $6,400 in
2016. The country is now a major exporter of textiles and agricultural products, with an
expanding electronics sector. State-owned enterprises now only account for 40 percent of
total output, down from a near monopoly in 1985. Moreover, with a population approaching
100 million and an average age of just 30, Vietnam is emerging as a potentially significant
market for consumer goods.
For all of this progress, significant problems still remain. The country is too dependent
upon exports of commodities, the prices of which can be very volatile. Vietnam’s remaining
state-owned enterprises are inefficient and burdened with high levels of debt. Rather than let
prices be set by market forces, the government has recently reintroduced some price controls.
On the political front, the Communist Party has maintained a tight grip on power, even as the
economy has transitioned to a market-based system. Vietnam bans all independent political
parties, labor unions, and human rights organizations. Government critics are routinely
harassed and can be arrested and detained for long periods without trial. The courts lack
independence and are used as a political tool by the Communist Party to punish critics. There
is no freedom of assembly or freedom of the press.
To compound matters, corruption is rampant in Vietnam. Transparency International, a
nongovernmental organization that evaluates countries based on perceptions of how corrupt
they are, ranks Vietnam 113th out of the 176 countries it ranks. Corruption is not a new
problem in Vietnam. There is a well-established tradition of public officials selling their
influence and favoring their families. However, critics say that the problem was exacerbated
by privatization processes that provided opportunities for government officials to appoint
themselves and family members as executives of formerly state-owned companies. Although
the ruling Communist Party has launched anticorruption initiatives, these seem to be largely
symbolic efforts. Many observers believe that widespread corruption has a negative impact
on new business formation and is hamstringing economic growth.
1: Why did Vietnam experience a low economic growth rate in the decade after the end
of the Vietnam War in 1976?
2: Vietnam now has an economy that is growing strongly with low unemployment and
rising living standards. What changes in economic policy have been responsible for this economic
transformation?
3: The level of public corruption in Vietnam is high. Why is this the case? How do you
think this affects Vietnam’s economic performance? What should the government do about this?
4: How do you think a shift toward more democratic institutions will affect economic
progress in Vietnam
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Question 21.5 pts
Group of answer choices
A. Continuous
B. Repetitive
C. Outsourcing
D. Job Shop
E. Batch
Flag this Question
Question 31.5 pts
2. Product or service profiling links key product or service requirements to process capabilities.
Group of answer choices
True
False
Flag this Question
Question 41.5 pts
Group of answer choices
A. Flexible Manufacturing Technology
B. Computer-Integrated Systems
C. Computer-Aided Systems
D. Automation
E. Industrial Robotics
Flag this Question
Question 51.5 pts
Group of answer choices
A. Batch
B. Outsourcing
C. Continuous
D. Repetitive
E. Job Shop
Flag this Question
Question 61.5 pts
Group of answer choices
True
False
Flag this Question
Question 71.5 pts
Group of answer choices
A. Continuous
B. Repetitive
C. Outsourcing
D. Job Shop
E. Batch
Flag this Question
Question 81.5 pts
Group of answer choices
True
False
Flag this Question
Question 91.5 pts
Group of answer choices
A. High material handling costs
B. High utilization rate for resources
C. Able to meet wide variety of processing needs
D. A and B only
E. A, B and C only
Flag this Question
Question 101.5 pts
Group of answer choices
A. Specialized layout for computer integrated manufacturing.
B. Layout that uses cellular technology to achieve smooth flow of products.
C. Resources that meet processing needs of multiple products grouped into cells.
D. Employees are organized into cellular teams for computer-aided manufacturing.
E. None of the above.
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Question 111.5 pts
Group of answer choices
A. Automated Manufacturing System (AMS)
B. Computer Integrated Manufacturing (CIM)
C. Flexible Manufacturing System (FMS)
D. Computer-Aided Design/Manufacturing (CAD/CAM)
E. Computer-Aided Manufacturing (CAM)
Flag this Question
Question 121.5 pts
Group of answer choices
True
False
Flag this Question
Question 131.5 pts
Group of answer choices
True
False
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Read the assigned article and answer the question at the end of the article:
Whistleblower wins $51 million in kickback and bribery case.
A whistleblower will collect a $51 million payday after sounding the alarm about bribes and kickbacks at the medical device company where he worked.
Olympus Corporation of the Americas agreed Tuesday to pay $646 million in fines after it admitting to a pattern of bribery and kickbacks. About half of that fine was a criminal penalty for violating the federal anti-kickback statue, making it the largest amount ever paid for breaking that law. The payment to the whistleblower will be paid out of the company's fines.
John Slowik, 53, worked for 20 years for Olympus, which is the medical device unit of the Japanese company that also makes cameras. In 2009 he was named the company's compliance officer. But he said that his complaints about the company's policy of disguising payments as grants and lavishing expensive trips and entertainment on doctors and hospital administrators in order to sell equipment fell on deaf ears within the company.
Slowik was fired in 2010, and has not worked since, according to his lawyer, Kathryn Schilling. But he filed a sealed federal lawsuit, using the federal whistleblower act, on behalf of the federal government, which was being cheated by the company's illegal acts.
Related: FIFA corruption probe now zeros in on U.S. banks
The kickbacks and bribes "can improperly influence a provider's judgment about a patient's health care needs, result in the use of inferior or overpriced equipment, and drive up health care costs for everybody," said Deputy Attorney General Benjamin Mizer.
Slowik's suit said that when he was named compliance officer, it was a new position at the company and he had no resources or training to perform the job. He said that Mark Gumz, who was Olympus CEO at the time, told him the job as compliance officer was "to try to figure out how to 'work around the rules' so as to 'not impact the business.'" He said when he tried to come up with a compliance program to stop the bribes and kickbacks Gumz "began to ostracize and harass" him.
"He's extremely honest and intelligent," Schilling said about her client. "He was just very intent on doing the right thing."
Related: SEC probes HSBC hiring in Asia
Slowik declined to be interviewed about the case. He issued a statement thanking his attorneys as well as the Justice Department lawyers and other government investigators who worked on the case.
"I would also like to thank my family and friends who have stood by me and supported my efforts to do the right thing under difficult circumstances," he said.
In a statement, Olympus said that its previous conduct did not adversely affect patient health or patient care. It said that while it acknowledges responsibility for that conduct it "does not represent the values or Olympus or its employees" and that it is committed to complying with the law going forward.
QUESTIONS:
1. Should whistleblowing be encouraged by businesses? Why or why not?
2. Do you think the amount the whistleblower received for reporting the bribes and kickbacks is appropriate? Why or why not?
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