In general, which of the following attribute combinations makes a product the most difficult to manage from a supply chain perspective?
Long lead times and constant, predictable demand |
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Short lead times and unpredictable demand |
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Short lead times and constant, predictable demand |
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Long lead times and unpredictable demand |
In: Operations Management
Blair & Rosen, Inc. (B&R) is a brokerage firm that specializes in investment portfolios designed to meet the specific risk tolerances of its clients. A client who contacted B&R this past week has a maximum of $50,000 to invest. B&R's investment advisor decides to recommend a portfolio consisting of two investment funds: an Internet fund and a Blue Chip fund. The Internet fund has a projected annual return of 12%, while the Blue Chip fund has a projected annual return of 9%. The investment advisor requires that at most $35,000 of the client's funds should be invested in the Internet fund. B&R services include a risk rating for each investment alternative. The Internet fund, which is the more risky of the two investment alternatives, has a risk rating of 6 per thousand dollars invested. The Blue Chip fund has a risk rating of 4 per thousand dollars invested. For example, if $10,000 is invested in each of the two investment funds, B&R's risk rating for the portfolio would be 6(10) + 4(10) = 100. Finally, B&R developed a questionnaire to measure each client's risk tolerance. Based on the responses, each client is classified as a conservative, moderate, or aggressive investor. Suppose that the questionnaire results classified the current client as a moderate investor. B&R recommends that a client who is a moderate investor limit his or her portfolio to a maximum risk rating of 240.
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In: Operations Management
Production how is it affected by the Gap dividing into two companies. need specific details,
In: Operations Management
Describe an example of a corporate restructuring and its impact on the business.
In: Operations Management
You have been recently appointed as team leader in the research and development unit of an important pharmaceutical company. The team is composed of seven team members. The team members have the similar educational and social background. They are usually feeling that every member of the team has the exactly the same idea with each other. In the long run, this situation will have a negative effect on their team performance. In addition, The team you are heading has been stuck for several months in the development of a new drug due to some delay in the clinical trial process. The deadline set by the managing director of the company that is approaching. After a few weeks, you noticed social loafing in the team as some members systematically put less effort in the development of the new drug, blaming the delay in the trial process as solely responsible for this situation and never taking the initiative to resolve the impasse with creative solutions. The top performers of your team have privately complained to you about this situation, which is causing significant stress due to overload. They are even threatening to leave the company. You must decide how to manage this critical situation.
quesitons:
1. What is social loafing? What would you change about the way
the team functions to ensure more active participation of all team
members?
2. What is group thinking? How you can solve the group thinking
problem to improve team effectiveness?
In: Operations Management
In: Operations Management
Briefly describe a work-related or personal project that has been completed. What specific project control steps/methods were/could have been applied to enhance the probability of success? Consider the steps of The Project Control Cycle and various methods for monitoring performance.
In: Operations Management
Describe a familiar project. Ideally, this will be a work-related project that has already been completed. Provide examples of events that took place in each of the four stages of the product life cycle (see below). Select two of the following five components: Client interest (level of customer enthusiasm and concern); Project stake (amount of investment); Resources (commitment of financial, human, and technical resources); Creativity (the amount of innovation required); and Uncertainty (the degree of risk associated with the project). In your description of the stages of this project, explain how the intensity of the two components has changed. For example, Uncertainty is highest in the Conceptualization stage and lowest as the project approaches the Termination stage.
Organize your post as follows. Include the headings: Conceptualization stage Planning stage Execution stage Termination stage
In: Operations Management
What is an Ethical Decision Making (EDM)?
How does the four-step namely, 1) Recognition/Moral awareness, 2) Judgement, 3) Intent, 4) Behaviour, are affected by person, issue and situation?
In: Operations Management
The management of Arturo’s Water Park is developing an advertising campaign to communicate the intended message, “Your kids will love you more if you take them to Arturo’s Water Park.” (a) For a print ad in this advertising campaign, suggest some wording for the copy in the ad. Then, describe your suggestions for the artwork in the ad. Which of these two parts of the ad – the copy or the artwork – would likely be more effective in communicating the intended message? Use course material to justify your reasoning. (b) For the print ad you described in Part (a), describe a pretest that would be appropriate. Explain why pretesting is important in advertising. (c) If Arturo’s management uses market segmentation to target this print ad, what is the segmentation variable it should use? Explain your reasoning. (d) Design an experiment to test whether or not this print ad is effective. Describe the test group and the control group of the experiment, and describe the time course of events. What is the dependent variable in your experiment? Explain why both the test group and the control group are necessary for this experiment to have validity.
In: Operations Management
In: Operations Management
In: Operations Management
In: Operations Management
1- what we do To Establish Global Services?
2- what is Managing Global Service Operations?
3- Some Global Strategies and explain for each?
4- what is Mission and give examples of company mission?
5- what is Sample Mission and give examples of sample mission?
In: Operations Management
Project Title: Development of pre-employment selection testing for entry-level Retail Salespersons in retail clothing stores.
Scope of Project: The entry-level Retail Salesperson position is responsible for selling the popular “Big Turtle” clothing and merchandise at their retail stores. There are approximately 50 retail stores located throughout the Southeast region, employing over 600 Retail Salespersons. Currently, turnover for this title is averaging 50% annually. Big Turtle Clothiers, Inc. also anticipates opening 10 new stores per year for the next 5 years. The starting pay scale for Retail Salespersons ranges from $8.50 to $10.00 per hour, depending on the location, with health benefits provided after 6 months of employment. Retail Salespersons also receive a 15% discount on all “Big Turtle” clothing and merchandise.
At present, there is no formal pre-employment selection testing for this job title. Candidates are screened using application forms developed by the individual stores, with preference given to candidates with prior retail or customer-service work experience. It is desirable that the same testing process for Retail Salespersons be used throughout all of our current and future stores. It is also very important that the selection system be legally defensible against charges of discrimination. Big Turtle Clothiers is also concerned about problems with shrinkage in their retail stores.
Information Requested: Please prepare a( 4 page written proposal )with the following information, along with rationales for each decision:
Initial task-KSA linkage, based on O*NET job analysis
information [note: this is part of a job analysis]
Job analysis process proposed—method(s) of job analysis chosen,
number and job titles of SMEs required, and geographic locations of
SMEs
Preliminary recommendations of selection tests (e.g.,
paper-and-pencil ability or personality tests, interviews,
simulations, etc.) for use in this job title, linked to O*NET
tasks/KSAs, and evidence of reliability/validity
Validation strategy recommended for each test—criterion-related
(predictive or concurrent) and/or content validation, with number
of individuals required for the study
Job performance criteria, if a criterion-related strategy is chosen
(e.g., absenteeism, performance ratings, etc.)
How the tests assess the job-relevant KSAs
Test administration order and method for combining test information
(e.g., multiple hurdle, multiple regression, etc.)
Important Content:
Professionalism (headings, page numbers) SEM
Definitions
Tasks Job
Analysis
Named Technical
Details
Defined
Rationale
Rationalized Link back to O*Net
KSAs (WRCs) Test
Combination
Named
Provided
Defined Described
Linked to Tasks Rationale
Performance Measures
Validation Strategy
Named Validity
estimates
Company translated to individual
Reliability Provided
Defined Reliability
Discussed
Rationalized Correct type of strategy for
each test
Shrinkage problem addressed Adverse
Impact
Tests Mentioned in passing
Named Described/Deeply Considered
Linked to
KSAs/WRCs
In: Operations Management