A computer lab has a dozen machines, but at any given time some of them may be out of commission. Usually the problem is something as simple as the operating system locking up, which requires that a staff person reboot the machine and make sure that all the standard settings are correct. Sometimes the problem may be more serious, taking more time to correct. Overall, the repair time for any individual computer is negative exponentially distributed with a mean of thirty minutes. Once a computer is operating, the time until failure is negative exponentially distributed with a mean of ten hours.
a. If there is only one staff person to do the repairs, what is the average number of operating computers in the lab over the long run?
b. If there were two staff people to do the repairs, how much would that same average be?
In: Operations Management
In: Operations Management
In: Operations Management
In: Operations Management
The following is a TRUE statement about inventory within a continuous review system
| A. |
When service level increases, Economic Order Quantity increases |
|
| B. |
When ordering or setup costs decrease, Economic Order Quantity increases |
|
| C. |
When ordering or setup costs increase, Economic Order Quantity increases |
|
| D. |
When holding costs increase, Economic Order Quantity increases |
|
| E. |
When demand decreases, Economic Order Quantity increases |
In: Operations Management
Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
|
Supply Available |
||||
|
Period |
Regular Time |
Overtime |
Subcontract |
Demand Forecast |
|
1 |
40 |
15 |
5 |
40 |
|
2 |
30 |
15 |
5 |
55 |
|
3 |
40 |
15 |
5 |
55 |
|
Initial inventory |
20 units |
|
Regular-time cost per unit |
$100 |
|
Overtime cost per unit |
$150 |
|
Subcontract cost per unit |
$200 |
|
Carrying cost per unit per month |
$4 |
Assume that the initial inventory has no holding cost in the first period and backorders are not permitted.
Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is?
(enter your response as a whole number).
In: Operations Management
Wally’s Widget Warehouse takes orders from 7 a.m. to 7 p.m. The manager wants to analyze the process and has provided the following process flow diagram. There are three steps required to ship a customer order. The first step is to take the order from a customer. The second step is to pick the order for the customer, and then they have to pack the order to ready it for shipping. Wally promises that every order placed today gets shipped tomorrow. That means the picking and packing operations must finish all orders before they go home.
Wally wants to figure out the following:
What is the current maximum output of the process assuming that no one works overtime?
How long will the picking and packing operations have to work if we have a day where the order taker works at his maximum capacity?
Given b, what is the maximum number of orders waiting to be picked?
Given b, what is the maximum number of orders waiting to be packed?
If we double the packing capacity (from 60 to 120 orders per hour), what impact does this have on your answers in parts (b), (c), and (d)?
Please show work!
In: Operations Management
In: Operations Management
1.The four basic Marketing Mix includes “Product”, “Price”, “Place” and “Promotion”. Service marketing scholars argue that these traditional four Ps are not sufficient for service products to be successful in the market. In addition to four Ps, they identified three additional components, creating seven Ps. Explain seven Ps.
2.Choose a specific service product you are familiar with (e.g., Starbuck’s) and identify its core product and supplementary services.
3. After a service failure, companies consider compensation as part of their service recovery strategies. Discuss the general guideline for compensation.
subject is service marketing.
In: Operations Management
While taking into account different dimensions of strategy diamond, would you prefer to make any change to the model?
Would you add or delete any dimension? Why or why not? Provide the rationale while supporting your answer.
In: Operations Management
What are the values or benefits of engaging in Marketing Due Diligence?
In: Operations Management
Business Law
In: Operations Management
Refer to “Stress test your strategy- The 7 questions to ask”.
Do you believe that these seven strategy questions are more than enough to stress test the strategy of an organization or as a future strategist, would you like to consider other additional questions which would also facilitate in assessing the strategy of a company?
What would be those questions?
Provide the justification of your point of view in this regard.
In: Operations Management
You work as a communication specialist at Warby Parker, reporting to co-CEO David Gilboa. Using the skills you’ve been practicing in this course, respond to this challenge:
You’re helping Gilboa prepare a report about the company. Gilboa characterizes the report as a “public business plan,” in that it will discuss the company and its objectives, strategies, and operations without disclosing the sort of confidential information that a typical business plan includes. The secondary audience includes potential investors, employees, and business partners.
To help overcome shoppers’ reluctance to buy eyewear online, Warby Parker offers Try-On in the stores, giving them to opportunity order five pairs of frames, try them on in the stores, then decide which pair they would like to order. This gives shoppers lots of time to try on the frames they are considering and get the opinions of family and friends.
On the job (Internal, Unsolicited
Proposal)
Write a 3-5 page internal proposal to your
boss or supervisor. Select one of the topics below listed as A-D,
and make sure to include it as one of your headings. Remember to
include additional headings or sub-headings for each section in the
proposal that explain this program- i.e. Background, Solution,
Recommendation. Make sure to correctly identify and
analyze your audience, as well as any possible secondary audiences.
Usually, the person to whom you submit your proposal is in a
position to order the implementation of the change recommended.
In: Operations Management
In Logistical and Sustainability Challenges in the Sharing Economy: how does the SE affect the logistics industry? How does it challenge it? How do traditional and crowd logistics influence each other? Do consumers play an autonomous logistics role? The financial and operational viability of such new logistics models and firms could be examined.
And Also
The Sharing Economy and its Implications for Sustainable Value Chains: How can sharing economy improve allocation and usage efficiency along the value chain? How can the sharing economy help to cope with the growing environmental problems of consumption? How will the sharing economy create new visions for resources conservation and recycling activities?
In: Operations Management