In: Operations Management
Using Excel Linear Solver Please answer the following, include all of the constraints.
You are a project manager for a consulting firm. You are going to hire four new employees. The candidates that you are choosing from are named Amy, Bob, Charlie, Debbie, and Elizabeth. You are managing two projects that you will use your new employees to complete. Project 1 will require at least 700 labor hours and Project 2 will require at least 870 labor hours. Elizabeth is the owner’s daughter so you will have to hire her. Amy and Charlie used to work together, but they can’t stand each other. If you hire one, you can’t hire the other. You have contracts that guarantee a set fee for each of the projects. Your profit will be determined by your ability to minimize your labor costs. Each of the employees you hire will require a signing bonus. The respective signing bonuses required for each employee if hired follow: Amy $24,000; Bob $11,000; Charlie $16,000; Debbie $17,000; Elizabeth $15,000. The hourly rate you pay each employee is determined by the type of project to which they are assigned. For Project 1, the required hourly rates for each employee if hired follow: Amy $100; Bob $95; Charlie $85; Debbie $50; Elizabeth $45. For Project 2, the required hourly rates for each employee if hired follow: Amy $60; Bob $40; Charlie $75; Debbie $120; Elizabeth $130. If you hire an employee, they can be used for both projects. Labor should be allocated in one hour increments. During the lifespan of these two projects, the candidates are available to work the following number of hours: Amy 440; Bob 730; Charlie 520; Debbie 680; Elizabeth 590. Which candidates will you hire?
In: Operations Management
What is Eliyahu M. Goldratt's most important contributions to Project Management?
In: Operations Management
Describe the evidence of the stages of group development, the role of status within the group and the six properties of a group from the movie 12 Angry Men.
From the film 12 Angry Men explain the stages of group development, the role of status within the group and describe the six properties of a group as related to the jurors in the movie.
In: Operations Management
When a firm is entering a foreign market, what is the primary benefit of using private brands?
Group of answer choices
a. Market penetration can be faster and at a lower overall cost.
b. Market penetration can be faster although at a higher overall cost.
c. The cost to protect the private brand is lower, and the protection is stronger.
d. The cost to protect the private brand is higher, but the protection is stronger.
One disadvantage of global brands is that ...
Group of answer choices
a. this generally lends itself only to industrial products.
b. acquisition of local brands will become increasingly more difficult as the global brand grows in dominance.
c. the brand can be seen as a metaphor for the policies of the home-country government, attracting protests against the brand.
d. it also means consistent pricing, which can be difficult to implement globally.
As international marketers develop their marketing communications, they must be aware of which international business environmental issues and constraints?
Group of answer choices
a. Primarily agency availability because all foreign marketing communications begin with agency assistance
b. Language differences, governmental controls, and agency availability
c. Primarily language differences and local tastes and attitudes
d. Cultural differences, governmental controls, economic differences, and agency availability
What is the impact of a firm’s marketing mix on its international promotional strategy?
Group of answer choices
a. The marketing mix can have an important impact on the success of the international promotional strategy but the impact of each element in the mix will vary by country. Due to these differences the decisions for each part of the marketing mix could vary from country to country.
b. The most important impact is on pricing because consumer ability to purchase varies tremendously from country to country. Though this still supports a global promotional strategy, the pricing strategy will vary while other elements can remain global.
c. Generally the marketing mix plays a limited role compared to other aspects of the promotional strategy such as advertising and public relations. With its relatively low impact, a firm is generally able to have a global promotional strategy.
d. The marketing mix does have an important impact on the success of the international promotional strategy but due to globalization of consumer demands, the impact generally is the same from country to country, which supports a global promotional strategy.
What is the primary challenge in taking a firm's domestic supply chain management into foreign markets?
Group of answer choices
a. Dealing with the significant differences in the global business environment including cultural, political, legal, and financial.
b. Mostly technology issues. Global supply chain IT solutions are expensive and not available in all countries.
c. Cost containment. International freight costs are considerably higher than domestic.
d. Government regulations because these legal differences have tremendous impact on the supply chain.
In: Operations Management
In: Operations Management
In: Operations Management
In: Operations Management
In your opinion, to what extent do you think it is possible to transform a risk-averse person into the risk-seeking person? What ideas can you come up with for training risk-seeking people to become more risk-neutral? A one or two paragraph answer is sufficient.
In: Operations Management
Please explain (not just list) the three typical approaches/strategies to adopting technology.
In: Operations Management
Explain how Amazon uses or should use lean production to create a competitive advantage. Must be at least 250 or more.
In: Operations Management
Have you ever engaged in a little social loafing?
Have you ever lost your head and been caught up in a group's destructive action
Have you ever felt peer pressure to act more in accordance with the behavioral norms of a group?
In: Operations Management
Conflict in an Emergency Situation: A Case Study
You are the director of Public Health Preparedness in Puerto Rico. In 2017, Puerto Rico was hit by Hurricane Maria. Puerto Rico has major infrastructure deficiencies, and the Puerto Rico Electric Power Authority has been unable to re-install power to remote areas. Six months after the hurricane hit the island, 100,000 Puerto Ricans are still without power (vox.com downloaded on 5/14/18). On Saturday morning, a social worker calls to inform you that a 31-year-old resident, Raul Ortega Gonzalez, has remained in his family house without power and is in need of surgery for a painful hernia. A visiting nurse stopped by his home this morning and recommended that he be taken to a hospital in San Juan to receive the treatment he needs. He is refusing to leave his home as he believes that his home will be vandalized if left empty. The nurse called on the state social worker to speak with the Ortega Gonzalez family and the ambulance service to transport Raul to San Juan. This family has weathered many storms, and they have moved to New Jersey from Puerto Rico to allow their younger children to remain in school while Puerto Rico regains power. The family plans to return to the family home at the end of the school year. The family does not understand why the surgery cannot wait the one month left of the school year and are infuriated that the state would impose its values on their family. Furthermore, how can the state not understand Raul’s concerns with the vandalism that has affected the area?
As the director of Public Health Preparedness, you receive a call from the ambulance service staff later in the morning, and they inform you that they are not wasting their time with Raul Ortega Gonzalez—that the family can do with him what they choose. The head nurse is terribly upset as she believes that his life is being placed at risk and insists that the ambulance service must take Raul to the hospital.
In: Operations Management
What do you think is the value of creating a presentation? How can overcome any concerns with regards to presenting?
In: Operations Management
Nooner Appliance Producers (NAP), a small appliance manufacturing company that specializes in clocks, must decide what types and quantities of output to manufacture for each week’s sale. Currently Nooner makes only two kinds of clocks, regular clocks and alarm clocks, from which the product mix is selected. Next week’s product mix can only be produced with the labor, facilities, and parts currently on hand. These supplies are as follows:
Number of labor hours 1,600
Number of processing hours 1,800
Number of alarm assemblies 350
The resources are related to the two alternative manufactured outputs, regular clocks and alarm clocks, in the following way: each regular clock produced requires 2 hours of labor and 6 hours of processing, while each alarm clock produced requires 4 hours of labor and 2 hours of processing. The profit per unit for regular clocks is $3.00 while the company makes $8 per unit for alarm clocks. Additionally, at least 300 clocks in total must be produced. How many of each type of clock should Nooner produce to maximize profit? The LP structure and solution are shown below where X1 represents regular clocks and X2 represents alarm clocks.
LINEAR PROGRAMMING PROBLEM: Nooner Appliance Producers (NAP)
MAX 3X1+8X2
S.T.
1) 2X1+4X2<1600
2) 6X1+2X2<1800
3) 1X2<350
4) 1X1+1X2>300
OPTIMAL SOLUTION
Objective Function Value = 3100.000
Variable Value Reduced Costs
-------------- --------------- ------------------
X1 100.000 0.000
X2 350.000 0.000
Constraint Slack/Surplus Dual Prices
-------------- --------------- ------------------
1 0.000 1.500
2 500.000 0.000
3 0.000 2.000
4 150.000 0.000
OBJECTIVE COEFFICIENT RANGES
Variable Lower Limit Current Value Upper Limit
------------ --------------- --------------- ---------------
X1 0.000 3.000 4.000
X2 6.000 8.000 No Upper Limit
RIGHT HAND SIDE RANGES
Constraint Lower Limit Current Value Upper Limit
------------ --------------- --------------- ---------------
1 1400.000 1600.000 1766.667
2 1300.000 1800.000 No Upper Limit
3 300.000 350.000 400.000
4 No Lower Limit 300.000 450.000
Using the output from the Management Scientist, answer the remaining questions.
(a) What are the values of the primary variables and the objective function?
(b) What are the values and interpretations of all slack and surplus variables?
(c) Determine (compute manually) and interpret the range of optimality for the objective function coefficient for regular clocks.
(d) Interpret each of the shadow prices.
In: Operations Management