Marianne Kramer, the owner of Handy Man Rentals, rents carpet cleaners to contractors and walk-in customers. She is interested in arriving at a forecast of rentals so that she can order the correct quantities of supplies that go with the cleaners. Data for the last 10 weeks are shown here.
Week 1 2 3
4 5 6 7
8 9 10
Rentals 21 14 29
26 29 11 26
26 12 19
a. Prepare a forecast for weeks 6 through 10 by using a 4-week moving average
. (Enter your responses rounded to two decimal places.)
Week |
Forecast |
6 |
7 |
8 |
9 |
10 |
What is the forecast for week 11?
rentals. (Enter your response rounded to two decimal places.)
b. The mean absolute deviation as of the end of week 10 is
rentals. (Enter your response rounded to two decimal places.)
In: Operations Management
Monster airlines decided to offer direct service from Cleveland to Clearwater Beach, Florida. Management must decide between full-price service using a company’s new fleet of jet aircraft and a discount-service using smaller capacity commuter planes. Management developed estimates of the contribution to profit for each type of service based upon three possible levels of demand for service on Clearwater Beach: high, moderate, and low. The following table shows the estimated quarterly profits (in thousands of dollars).
Service |
Demand for service |
||
High |
Medium |
Low |
|
Full price |
900 |
760 |
–430 |
Discount |
710 |
650 |
350 |
Using the minimax regret approach, which service should be implemented?
Group of answer choices
Either since there is not a clear preferred solution.
Neither since there is not a clear preferred solution.
Full Price.
Discount.
In: Operations Management
Explain why Agile Project Management (APM) may be better suited for managing software development projects as opposed to traditional project management. What and how do Scrums fit into APM? What are sprints?
In: Operations Management
In the wake of the Covid-19 pandemic, Honeywell Inc. has orders for 1000 face masks from Richardson and 800 face masks from Plano. Honeywell Inc. has 1200 masks ready in a Frisco facility and 1000 masks in an Irving facility. It costs $10 to ship a mask from Frisco to Richardson, and $7 to ship it from Frisco to Plano. It costs $9 to ship a mask from Irving to Richardson and $12 to ship it from Irving to Plano. How many masks should Honeywell Inc. ship from each facility to Richardson and Plano to fulfill the orders at the minimum cost?
a)What are the decision variables?
b)Write the linear programming problem.
c)The shipping company that Honeywell is using has also been impacted due to Covid-19. It informs Honeywell that it can ship at most 400 masks from Frisco to Richardson and at most 500 masks from Irving to Plano. What is the change to your LP formulation?
In: Operations Management
In examining and analyzing the challenges faced by companies engaging in the global arena, there are political and social factors that could determine the successes or failures of such companies. With this in mind, discuss four (4) factors that characterise Social and Political Pressures of doing business abroad
In: Operations Management
The Parol Evidence Rule generally prevents Leroy from introducing evidence in court of oral agreements which conflict with the terms in the valid written contract he has with Martavious.
Group of answer choices
True
False
In: Operations Management
West Java topography condition is very potential for the development of hydro power plant technology especially mini-hydro power (PLTM) and micro-hydro power (PLTMH) which is a runoff river power plant. Unfortunately, until right now the business performance of PLTM and PLTMH is not optimal yet. It was allegedly related to the supply chain management and business partnership aspect.
The mountainous topograph in Southern part of West Java, with many small rivers flowing throughout the year and high rain fall volume have springs flowing to the rivers is very potential for the development of environment friendly hydroelectric technology, which is a runoff river power plant between 1-10 MWh called Mini Hydro Power Plant (Pembangkit Listrik Tenaga Mini Hidro). The equipment used is relatively simple and easy to find. The required land is not extensive, so there is no need to open the forest to build the large scale hydroelectric power supply with big water dam and huge power installation. Southern part of West Java has mountain topography spread all over the region. In general, mountain’s texture is steep with relatively few inhabitants. The mountainous area has a large electrical energy in the form of water. The flow of water from the plateau to the lower one has potential energy that can be utilized as a source of electrical energy, especially in Sukabumi, Cianjur, Garut and Tasikmalaya that still have forests and stable water supply. With the publication of ESDM Regulation no. 19 of 2015 on Micro Hydro Power Plants regarding the electricity tariff (Feed In Tariff) of Hydro Power Plants under 10 MW/h of 12 cent USD / KWh and the use of mini hidro Potential of 500 MW, newly installed 86.1 MW, should increase the number of Mini Hydro Power Plants (PLTM) in West Java.
Actually, the potential of Mini Hydro Power Plants for supporting to the main grid of electricity (Jawa Bali Network) and remote areas that have not reached the electricity network or areas that do not have other sources of fuel, so that the potential for the development of the Mini Hydro Power Plants is not optimal. However, the request for a Water Power Business Permit under 10 MW in Indonesia has only reached 33 Commercial Operation Date (COD) Permits from 266 Permits during 2015 to date. Until now, the company's performance is only 65%-75% of 86.1 MW installed yet, due to the frequent down time. This problem is caused by lack of optimal partnership and also supply chain management in mini hydro power plants companies, especially in the technology to be used, expertise people and financial investor. The Previous study has not address on Supply Chain Management and Strategic Partnership during the operation phase of Mini Hydro Power Plant. The form of partners relationship proposed by Cravens (2013) that includes a vertical relationship consisting of relationships with suppliers and customers and the relationship horizontally consisting of lateral and internal partnerships. In the era of decentralization of the energy sector in Indonesia, the key to sustainability success is extensive coordination with private parties, local government offices, state electricity company, and communities. On the other hand, Clement, Clement, Joseph (2013) suggests that the performance of a company with partnership is better than a single-ownership company. In addition, Agus and Hassan (2012) demonstrate that the product quality performance and business performance dependence on practices of strategic suppliers partnerships. Another factor that is alleged to have an impact on the optimum business performance of micro hydro power plant companies is regard to the aspects of the supply chain. Turban, Rainer & Porter (2004) mentions supply chain includes 3 components ie upstream supply chain, internal supply chain management, and downstream supply chain. Lia, Ragu-Nathan, Ragu-Nathan, Rao (2006) found that higher levels of SCM practice lead to increased competitive advantage and improved organizational performance.
Based on this background, the aim of this study is to examine;
In: Operations Management
From Q1:
Suppose there are 8 activities in your project with the following information.
Activity |
Immediate Predecessor |
Processing Time (days) |
Processing Cost ($ per day) |
---|---|---|---|
A | B | 5 | 20 |
B | - | 4 | 40 |
C | A,B | 6 | 30 |
D | A | 7 | 10 |
E | C,D | 6 | 25 |
F | C | 5 | 40 |
G | E,F | 4 | 25 |
H | F | 3 | 50 |
Base on the information of the project in question 1, you monitor the status of the project at the end of day 18 and found out the following information.
Activity | % Work Completion | Incurred Cost |
---|---|---|
A | 100% | $100 |
B | 100% | $160 |
C | 100% | $180 |
D | 100% | $80 |
E | 17% (equivalent to 1 day of work) | $40 |
F | 20% | $50 |
G | - | - |
H | - | - |
Problem1: What is the closest number to the planned value of this project?
A.)$575 B.)$610 C.)$620
Problem2: From the information above, what is the closest number to the earned value of this project?
A.)$610 B.)$620 C.)$575
Problem3 :From the above information, what is the performance of this project?
A.)Right on the budget B.)Over budget by 5.7% C.)Over budget by 7.2%
Problem4: From the above information, what is the performance of this project in term of schedule?
A.)Behind schedule by 7.2% B.)Behind schedule by 5.7% C.)Right on schedule
Problem5 :Suppose the behavior of the cost is likely to continue this trend, what is the new estimation of cost at the end of the project?
A.)$1,177 B.)$1,145 C.)$1,197
Problem6 :Suppose the behavior of the cost up to the monitoring date is unusual, and the management can fix it and all the cost will likely to be as plan, what is the new estimation of cost at the end of the project?
A.)$1,145 B.)$1,177 C.)$1,197
In: Operations Management
My company is AMAZON
In: Operations Management
Mintzberg set out 10 managerial roles which can be summarized into three categories: Interpersonal roles, Informational roles, Decision roles. If a manager does not perform the informational roles (Nerve Center, Dissemination, Spokesperson) well, WHAT WOULD HAPPEN TO THE PERFORMANCE OF MY TEAM?
In: Operations Management
The new director of special events at a large university has
decided to completely revamp graduation ceremonies. Toward that
end, a PERT chart of the major activities has been developed. The
chart has five paths with expected completion times and variances
as shown in the table. Graduation day is 16 weeks from now.
Use Table B and Table B1.
Path | Expected Duration (weeks) |
Variance | |
A | 10 | 1.21 | |
B | 8 | 2.00 | |
C | 12 | 1.00 | |
D | 15 | 2.89 | |
E | 14 | 1.44 | |
Assuming the project begins now, what is the probability that the
project will be completed before: (Round your z-value to 2
decimal places and all intermediate probabilities to 4 decimal
places. Round your final answers to 4 decimal
places.)
a. Graduation time?
Probability for graduation time
b. The end of week 15?
Probability at the end of week 15
c. The end of week 13?
Probability at the end of week 13
In: Operations Management
You have just commenced employment at one of Canada’s large retail merchandising companies (Loblaws, Canadian Tire, The Brick, or Leon’s). You were hired in part because of your business courses including your course on Importing.
At the present time, the company you have chosen (from the above list) has two products that it has been importing for some time. (You are to name to products sold by the company in Canada that are imported).
Question: - Are there other possible sources of supply should the original supplying company be unable to continue to meet your orders? What are they and what can and should you do to explore other possible sources?
Company is Canadian Tire and our product is Tires and Rims
need more then 1 page
In: Operations Management
Analyze the visual and verbal element of the Bud Light: Dilly Dilly advertising campaign And the Proctor and Gamble: Thank You Mom advertisement. Analyze the Type of advertisement each use (for example is it a brand advertisement, retail advertising, direct etc.). What is the "message strategy" of each ad. Explain this. What copywriter styles are used and how is this shown in each ad. What visualization tools are utilized and the type of lay out in the Bud Light: Dilly Dilly ad and the Proctor and Gamble: Thank You Mom ad.
In: Operations Management
Three recent college graduates have formed a partnership and have opened an advertising firm. Their first project consists of activities listed in the following table. Use Table B.
TIME IN DAYS | |||||||||
Activity | Immediate Predecessor |
Optimistic | Most Likely | Pessimistic | |||||
A | — | 5 | 6 | 7 | |||||
B | — | 8 | 8 | 11 | |||||
C | A | 6 | 8 | 11 | |||||
D | — | 9 | 12 | 15 | |||||
E | C | 5 | 6 | 9 | |||||
F | D | 5 | 6 | 7 | |||||
G | F | 2 | 3 | 7 | |||||
H | B | 4 | 4 | 5 | |||||
I | H | 5 | 7 | 8 | |||||
End | E, G, I | ||||||||
b.What is the probability that the project can be
completed in 24 days or less? In 21 days or less? (Round
your te and z values to 2 decimal places and "Standard
deviation" to 3 decimal places. Round your final answers to 4
decimal places.)
Days | Probability | |
24 days or less | ||
21 days or less | ||
c. Suppose it is now the end of the seventh day and that
activities A and B have been completed while activity D is 50
percent completed. Time estimates for the completion of activity D
are 5, 6, and 7. Activities C and H are ready to begin. Determine
the probability of finishing the project by day 24 and the
probability of finishing by day 21. (Round your
intermediate calculations to 3 decimal places and final answers to
4 decimal places.)
Probability | ||
Day 24 | ||
Day 21 | ||
rev: 04_24_2019_QC_CS-166426
In: Operations Management
Case Two Decision Making
You have been asked to personally recommend a new benefits company to handle all the company benefits and pension for your organization of 500 staff. One of your colleagues, who is responsible for the project management, suggests that the best way to decide is to use a mathematical matrix and a set of pre-established factors that prospective companies can be scored against.
Question:
In: Operations Management