What is a marketing channel system and value network can be used in Hypermarkets in GCC and in Oman a especially ?
In: Operations Management
A convenience store recently started to carry a new brand of soft drink. Management is interested in estimating future sales volume to determine whether it should continue to carry the new brand or replace it with another brand. The following table provides the number of cans sold per week. Use both the trend projection with regression and the exponential smoothing (let alpha α=0.4) with an initial forecast for week 1 of 569) methods to forecast demand for week 13. Compare these methods by using the mean absolute deviation and mean absolute percent error performance criteria. Does your analysis suggest that sales are trending and if so, by how much?
Period 1 2 3
4 5 6 7
8 9 10 11 12
Sales 569 615 645
742 640 606 732
718 713 690 678
738
Observation 1 2 3
4 5 6 7
8 9 10 11 12
(i) Obtain the trend projection with regression forecast.
The forecast for week 13 is
Week 13 corresponds to t=13. Obtain the forecast for the next week by substituting t=13 into the regression equation.
(ii) Now obtain the exponential smoothing forecast.
The exponential smoothing method is a weighted moving average method that calculates the average of a time series by giving recent demands more weight than earlier demands. The equation for the forecast is:
Ft+1=α(Demand this period)+(1−α)(Forecast calculated last period)=αDt+(1−α)Ft.
In: Operations Management
Please, I need answers for 2 questions, thank you.
Project Management in Practice South African Repair Success through Teamwork
When a fire broke out in the carbonate regeneration column in a major facility of Sasol, a leading South African coal, chemical, and crude-oil company, it was crucial to get it fixed immediately. It was deter- mined that the damaged portion of the 19-foot-wide, 231-foot-long column would have to be cut out and replaced before the facility could operate again. Time was of the essence, and only 40 days were allowed for the repair project. To achieve this unheard-of schedule, a number of special ground rules were established: • The project is to be schedule-driven, not cost-driven • There is no float anywhere on the project • Always plan to reduce scheduled times, not meet them • Resources are not to be considered as a limitation • Communication will be continuous across all levels • Safety will not be compromised • Quality will not be compromised In addition, special effort was directed toward making the project team strive to reduce time on the project. First, it was made clear that a higher premium would be placed on team performance than on individual performance. The “soft” aspects of management were always taken into consideration: making sure transport was available, accommodations were acceptable, food was available, excessive over- time was avoided, communication forms matched each member’s preferences (verbal, phone, written, etc.), and so on. A communication board was installed and updated twice daily to communicate project progress, and especially time saved on the schedule with the person’s name who achieved it. There were both twice-daily shift change meetings, where each shift communicated with the previous shift about progress and problems, and twicedaily planning meetings where the work activities of the next two days were planned in minute detail. The response to this level of project team attention was overwhelming. People raised ideas for saving even five minutes on the schedule. Enthusiasm for the project, and saving project time, became the dominant culture. As a result, the project was completed in only 25 days, 15 days early, with a corresponding cost savings of over $21 million out of an $85 million budget.
1. What are the main lessons learned from reading this case?
2. What does it mean ‘soft’ aspects of management
In: Operations Management
A drug store was going to open on the corner of a busy street downtown in the next three months. Before it opened its doors it needed to secure merchandise to sell to customers. It determined that it would need to stock its shelves with toiletries on a regular basis. The store had the storage capacity to hold excess inventory. When the drug store approaches a company that supplies toiletries, which type of discount would be a fitting discount for the store to use?
In: Operations Management
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What are Sherwin-Williams resources, capabilities and core competencies?
In: Operations Management
1- Describe the 4 ways of creating competitive advantage.
2- Define and discuss the value chain
3- Describe and discuss TQM
In: Operations Management
Reflect on the impact of the COVID-19 pandemic on a company's ability to continue business operations (business continuity plans). Must include a link to a journal or article discussing the company's response.
In: Operations Management
Porpoise Swimwear, Inc. is a clothing manufacturing company located in South Florida. They produce children’s recreation wear such as swimsuits, shorts, cover-ups, and t-shirts. Their clothing is sold throughout the U.S. through department stores such as Bloomingdale’s, Macy’s, and Nordstrom’s. They currently employ about 475 employees. Of these, 320 are women and 155 are men. However, of the 100 employees at the management level, 85 are men and 15 are women.
This year a strategic decision was made to expand internationally. Therefore, the workforce is being expanded at the production and the supervisory level. They hired 15 supervisors according to the following breakdown:
|
Men |
Women |
|||
|
White |
Black |
White |
Black |
|
|
Applied |
20 |
5 |
8 |
2 |
|
Hired |
9 |
4 |
1 |
1 |
Five of the women, that did not receive the supervisor positions, filed a class action suit against Porpoise Swimwear, Inc. with the EEOC.
Your Assignment
You work for the EEOC. Your supervisor told you to use the “4/5 rule” to determine whether the women have a prima facia case before we proceed any further.
a. Perform the math to determine whether there is a prima facia case. You must show your work in order to receive credit.
b. From your calculations does it look like the women have a case and can proceed to court? Explain why, or why not.
c. At this point, who does the burden of proof shift to? Support your answer with the legal information that you learned in class.
In: Operations Management
Identify technological amazon's underpinnings including the security and ethical issues.
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Malaysian Company Law:
Explain the legal effects of winding up order made by the court with reference to the relevant legal provisions and decided cases.
In: Operations Management
High-School Confidential
Notes on Teen Movies
David DENBY
More info:
David Denby (b. 1943), who lives in New York City, is a staff writer and film critic for the New Yorker and the former film critic for New York. His writing has also appeared in the Atlantic, the New York Review of Books, and the New Republic. His first book, Great Books: My Adventures with Homer, Rousseau, Woolf, and Other Indestructible Writers of the Western World (1996), was a finalist for the National Book Critics Circle Award. Denby is also the editor of Awake in the Dark: An Anthology of Film Criticism from 1915 to the Present (1977), American Sucker (2004), and Snark (2009). The essay that follows was originally published in the New Yorker in May 1999.
What is Denby's opinion of teen movies? Does he find anything redeeming in them?
Use quotes from the reading to support your ideas.
In: Operations Management
Current Event on Leadership during the coronavirus crisis
The "true colors" of leaders and of organizations tend to come out on display during crisis. • Find an article about the leader or company in your field of interest that’s been in the news relating to CORONAVIRUS that’s doing GREAT and AMAZING things for people and communities (i.e. search in online papers such as Bloomberg, Wall Street Journal, and New York Times) detailing the personal, ethical, local, national or international issue. • Summarize it in 1 page • In the summary, please make sure to note it’s importance in the field of leadership, how does it/they help or hurt others? What’s the relationship to this coursework? • Articles must not be more than 3 months old • Articles can be from mass media or professional sources. Attach your article or link and your summary • You must also comment on 2 other students’ posts with your welcome remarks and feedback about their videos. Comments must be informative and substantive, don’t write “nice job, blah blah blah…” • If you post too close to the due date/time, you’re not giving other students ample time to provide feedback and will be docked points.
In: Operations Management
Describe in your own words why you think the trait theory of leadership may have inherent flaws. Why is trait theory inappropriate? You may consider the following question: even though there's no such thing as a natural-born leader, why are the majority of Fortune 500 CEOs white men (and a big chunk of those white men are tall - above 6' in height). Why does this contradiction exist?
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