Questions
List and discuss three (3) strategy options for competing in emerging markets.

List and discuss three (3) strategy options for competing in emerging markets.

In: Operations Management

What is “vicarious liability” and why is it a concern for business?. What can a business...

What is “vicarious liability” and why is it a concern for business?. What can a business do to lower the risk of vicarious liability

Subject=Legal Aspects of Transportation Management

In: Operations Management

Wilson Publishing Company produces books for the retail market. Demand for a current book is expected...

Wilson Publishing Company produces books for the retail market. Demand for a current book is expected to occur at a constant annual rate of 7,600 copies. The cost of one copy of the book is $13.5. The holding cost is based on an 20% annual rate, and production setup costs are $135 per setup. The equipment on which the book is produced has an annual production volume of 24,500 copies. Wilson has 250 working days per year, and the lead time for a production run is 15 days. Use the production lot size model to compute the following values:

  1. Minimum cost production lot size. Round your answer to the nearest whole number. Do not round intermediate values.

    Q* = ________
  2. Number of production runs per year. Round your answer to two decimal places. Do not round intermediate values.

    Number of production runs per year = _______
  3. Cycle time. Round your answer to two decimal places. Do not round intermediate values.

    T = ____ days
  4. Length of a production run. Round your answer to two decimal places. Do not round intermediate values.

    Production run length = ______ days
  5. Maximum inventory. Round your answer to the nearest whole number. Do not round intermediate values.

    Maximum inventory = _______
  6. Total annual cost. Round your answer to the nearest dollar. Do not round intermediate values.

    Total annual cost = $___________   
  7. Reorder point. Round your answer to the nearest whole number. Do not round intermediate values.

    r = _______


In: Operations Management

1. Provide an example of how feedback from customers can be used as part of a...

1. Provide an example of how feedback from customers can be used as part of a control system.

2. How does EVA give a company a more accurate picture of its profitability than does profit margin?

In: Operations Management

List three examples of torts that can arise in a business context subject=Legal Aspects of Transportation...

List three examples of torts that can arise in a business context

subject=Legal Aspects of Transportation Management

In: Operations Management

The quarterly sales data (number of book sold) for Christian book over the past three years...

The quarterly sales data (number of book sold) for Christian book over the past three years in California follow: (You can use Excel to compute the equation)

Quarter

Year 1

Year 2

Year 3

1

1650

1700

1750

2

950

800

1200

3

2600

2950

3100

4

2700

2450

2850

  1. Construct a line graph showing the pattern of Christian book sales. Please make sure ‘time/quarter’ is represented by the horizontal line and ‘quarterly sale’ is represented by the vertical line. What type of pattern exists in the data?

  1. Use the following dummy variables to develop an estimated regression equation to account for any seasonal effects in the data: Quarter1=1 if the sales data point is in Quarter 1, otherwise Quarter 1=0; Quarter 2=1 if the sales data point is in Quarter 2, otherwise, Quarter 2=0; Quarter 3=1 if the sales data point is in Quarter 3, otherwise Quarter 3=0. 3.

  1. Compute the quarterly forecasts for next year.

  1. 4. Let t=1 to refer to the observation in quarter 1 of year 1; t=2 to refer to the observation in quarter 2 of year 1;,,,, and t=12 to refer to the observation in quarter 4 of year 3. Using the dummy variables defined in part (b) and t, develop an estimated regression equation to account for seasonable effects and any linear trend in the time series. Based upon the seasonal effects in the data and linear trend, compute the quarterly forecasts for next year.

In: Operations Management

1. break down a television set into the 5 inventory categories (raw materials, work-progress, finished goods,goods...

1. break down a television set into the 5 inventory categories (raw materials, work-progress, finished goods,goods in transit, annd returns)

In: Operations Management

Definition of competitive advantage and the relationship with strategic formulation.

Definition of competitive advantage and the relationship with strategic formulation.

In: Operations Management

A leader's level of emotional intelligence may play a particularly important role in leadership:

A leader's level of emotional intelligence may play a particularly important role in leadership:

In: Operations Management

Explain customer relationship management systems and show how Facebook could use it to understand their customer’s...

Explain customer relationship management systems and show how Facebook could use it to understand their customer’s needs and discuss whether Facebook has improved having a satisfying social life or undermined people offline relations (400 words)

In: Operations Management

R. C. Coleman R. C. Coleman distributes a variety of food products that are sold through...

R. C. Coleman

R. C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical order requesting the delivery of several cases of anywhere from 20 to 50 different products. Under the company's current warehouse operation, warehouse clerks dispatch order-picking personnel to fill each order and have the goods moved to the warehouse shipping area. Because of the high labor costs and relatively low productivity of hand order picking, management has decided to automate the warehouse operation by installing a computer-controlled order picking system, along with a conveyor system for moving goods from storage to the warehouse shipping area.

R. C. Coleman's director of material management has been named the project manager in charge of the automated warehouse system. After consulting with members of the engineering staff and warehouse management personnel, the director compiled a list of activities associated with the project. The optimistic, most likely, and pessimistic times (in weeks) have also been provided for each activity.

Activity

Description

Predecessor

Time (weeks)

Optimistic

a

Most Likely

m

Pessimistic

b

a

b

c

d

e

f

g

h

i

j

k

Determine Equipment needs

Obtain vendor proposals

Select vendor

Order system

Design new warehouse layout

Design warehouse

Design computer interface

Interface computer

Install system

Train system operators

Test system

A, B

C

C

E

C

D, F, G

D, F

H

I, J

4

6

2

8

7

4

4

4

4

3

2

6

8

4

10

10

6

6

6

6

4

4

8

16

6

24

13

8

        20

8

14

5

6

Develop a report that presents the activity schedule and expected project completion time for the warehouse expansion project. Include a project network in the report. In addition, take into consideration the following issues:

  1. R. C. Coleman's top management established a required 40-week completion time for the project. Can this completion time be achieved? Include probability information in your discussion. What recommendations do you have if the 40-week completion time is required?

  1. Suppose that management requests that activity times be shortened to provide an 80% chance of meeting the 40-week completion time. If the variance in the project completion time is the same as you found in part (1), how much should the expected project completion time be shortened to achieve the goal of an 80% chance of completion within 40 weeks?

  1. Using the expected activity times as the normal times and the following crashing information, determine the activity crashing decisions and revised activity schedule for the warehouse expansion project:

Activity

Crashed Activity Time (weeks)

Normal Cost ($)

Crashed Cost ($)

b

c

d

e

f

g

h

i

j

k

4

7

2

8

7

4

5

4

4

3

3

1,000

1,000

1,500

2,000

5,000

3,000

8,000

5,000

10,000

4,000

5,000

1,900

1,800

2,700

3,200

8,000

4,100

10,250

6,400

12,400

4,400

5,500

                       

In: Operations Management

1.The roles of Human Resources Managers (HRM) have metamorphous over the years to a more strategic...

1.The roles of Human Resources Managers (HRM) have metamorphous over the years to a more strategic function. Identify and explain all of the strategic functions of HRM and discuss the relevance to the Firm.

2. Discuss how the Organization can develop a robust marketing strategy
3. What exactly is a strategy and what does the implementation entail.
4. Change in the organization is very important yet complex to implement in the Company, discuss

In: Operations Management

When Myra's boyfriend, Byron, unexpectedly lost his roommate and could no longer afford to live in...

When Myra's boyfriend, Byron, unexpectedly lost his roommate and could no longer afford to live in his apartment, he moved in with Myra. Myra's lease did not allow anyone who was not on the lease to occupy the premises. The landlord was not on the premises, so Myra was not worried about it being discovered. Myra's neighbor on the left, Tyra, is really incensed about Byron moving in with Myra. Tyra's best friend is Myra's neighbor on the right, Preston. When the same thing happened to Preston's girlfriend, Preston did not let her live with him because of the lease prohibition. Tyra is thinking seriously about whether to tell the landlord that Myra has an unauthorized person living with her. Discuss the ethics of Myra's actions and whether Tyra should tell. “It's none of her business” is not an option. Discuss Myra's situation as an ethical issue. Who are the stakeholders? Think hard. What do they stand to lose by Myra's situation? What do they stand to gain? Is it a form of stealing? Is there a public policy at play? Does it have monetary implications? For whom? Think broadly

In: Operations Management

Question: Do you agree or disagree with comparable worth advocates' perspectives on the gender wage gap?...

Question: Do you agree or disagree with comparable worth advocates' perspectives on the gender wage gap? Explain.

In: Operations Management

You are a lab manager and you have been informed that your Laboratory received funding for...

You are a lab manager and you have been informed that your Laboratory received funding for high-end automation: you will have an automated specimen processing belt that will allow you to sort specimens, centrifuge them if need be, deliver them to Chemistry and Hematology sections of the laboratory, load them into the analyzer and then store them post-processing.

Post your responses to each of the following:

1. What approach would we take to lead this change? Please explain your answer.

2. How would you alleviate fears of your Medical Technologists who are afraid they will lose jobs as a result of your implementation? Please explain in your answer.

3. Outline your communication plan. List 2-3 possible “selling” points for this change.

In: Operations Management