The Americans with Disabilities Act requires that employers make reasonable accommodations for individuals who have disabilities. How might this requirement affect teachers, law enforcement officers, and firefighters? How is it legal for law enforcement to turn applicants away for diseases like type 2 diabetes?
In: Operations Management
reflect on US fortune 500 companies that follow these commandments and work very hard to avoid marketing myopia as well.
The Ten Commandments of Marketing:
1. Treat your customers with love and your competitors with respect.
2. Be ready for transformation and change.
3. Make your values clear and support them.
4. Focus on the segment that can give you the greatest benefits.
5. Price fairly to convey your quality.
6. Help potential customers to connect with your company and its products.
7. Look upon your customers as customers for life.
8. View each business as a service. Because each product is tied to a service.
9. Improve your business process every day.
10. Consider various aspects and information—not just finance related—before making a decision.
In: Operations Management
You are the product line manager for a snow board manufacturing company based in Provo, Utah. As product line manager for the company’s Xtreme line, you are ultimately responsible for all aspects of production as well as the profitability of the line. You have direct authority over the production, marketing and sales of the company’s Xtreme line of snowboards. The first quarter sales figures are in and you see that sales are down and in several key markets you no longer hold the #1 position. You are concerned that when you attend the quarterly management meeting that this poor performance is going to be a topic of much discussion. Several months ago, you received information from an overseas manufacturer that can manufacture the bindings for the snow board at a fraction of your current cost to produce them in-house. This will lower the cost to produce the Xtreme line allowing the company to increase their margin, lower prices to customers or some combination of both. Consequently, you believe it is now time to revisit that correspondence and start putting together a plan to address the lackluster Q1 earnings report. Questions 1. What qualitative and quantitative factors will you have to consider before recommending that the company outsource the production of the binding component of the Xtreme snow boards? 2. What accounting information will you need in order to make the best decision for the company? When identifying the accounting information needed, indicate the following: a. Is the information you need financial or managerial in nature? b. How will you use the accounting information in evaluating the decision? 3. Identify any potential risks associated with making this decision and how those risks can be addressed.
In: Operations Management
What are the four steps, in order, involved in creating an export strategy? List and explain in detail each step.
In: Operations Management
Ram Roy's firm has developed the following supply, demand, cost, and inventory data.
|
Supply Available |
||||
|
Period |
Regular Time |
Overtime |
Subcontract |
Demand Forecast |
|
1 |
40 |
15 |
10 |
50 |
|
2 |
35 |
15 |
10 |
60 |
|
3 |
30 |
20 |
10 |
50 |
|
Initial inventory |
30 units |
|
Regular-time cost per unit |
$100 |
|
Overtime cost per unit |
$150 |
|
Subcontract cost per unit |
$200 |
|
Carrying cost per unit per month |
$4 |
Assume that the initial inventory has no holding cost in the first period and backorders are not permitted.
Allocating production capacity to meet demand at a minimum cost using the transportation method, the total cost is $__ (enter your response as a whole number).
In: Operations Management
In: Operations Management
A marketing study found that respondents believed that a dark-haired model would be more effective in selling gold jewelry than a blond-haired celebrity would if the dark-haired celebrity was not perceived to be ethnic. What two ideas of using celebrities as communication sources are most likely to be at work here?
In: Operations Management
Create a Market Entry strategy for a business entering a foreign market.
Explain what business you are choosing
Complete all 5 parts of the market entry strategy
In: Operations Management
Why is it difficult to estimate the costs and benefits of mega products ( e.g. airports, stadiums)?
1. Small scope but large complexity is a double whammy. True or False
2. It is difficult to estimate costs far into the future. True or False
3. Deception may be used in promoting projects. True or False
4. The public good will outweigh the costs. True or False
5. Promoters may be too optimistic or uninformed. True or False
Answer all 5 I'll give a thumbs up
In: Operations Management
The district manager of basketball officials has to assign each team of officials to one game on Friday night. There are four sites for games. So each site needs one group of officials. Below are the distances in miles each group of officials is from each site.
|
Game Site |
||||
|
Officials |
Wayne |
South Sioux City |
Winnebago |
Wakefield |
|
Group A |
210 |
90 |
180 |
160 |
|
Group B |
100 |
70 |
130 |
200 |
|
Group C |
175 |
105 |
140 |
170 |
|
Group D |
80 |
65 |
105 |
120 |
Formulate the linear programming problem to minimize distance traveled by the groups of officials in this assignment problem.
--create an Excel file
to solve the problem and solve the problem – attach the file when
you submit answer
--- type out what is the minimum distance and where each group is
assigned
-- explain how the distance changes if Group A goes to Wayne, Group B goes to South Sioux City, Group C goes to Winnebago, and Group D goes to Wakefield.
In: Operations Management
Many people assume that personality must be related to consumer behavior. Knowing a customer's personality profile should help predict what she or he will buy, and how decisions will be made in the marketplace. Researchers, however, have been frustrated in their search for a unified theory of personality that would explain consumer behavior. Use trait theory to explain why this is so. (There are 6 specific problems)
In: Operations Management
how can I balance my emotions and reasons when I'm making an critical thinking decision
In: Operations Management
Identify an aspect of employment law( things like equal pay, exempt status, minimum wage, anti-discrimination, affirmative action, union protections or whatever you like) that you consider the most unnecessarily burdensome to employers and explain and defend your choice.
In: Operations Management
In: Operations Management
Zhou Bicycle Case Study
Zhou Bicycle Company, located in Seattle, is a wholesale distributor of bicycles and bicycle parts. Formed in 1991 by University of Washington Professor Yong-Pia Zhou, the firm’s primary retail outlets are located within a 400-mile radius of the distribution center. These retail outlets receive the order from ZBC with 2 days after notifying the distribution center, provided that the stock is available. However, if an order is not fulfilled by the company, no backorder is placed; the retailers arrange to get their shipment from other distributors, and ZBC loses that amount of business. The company distributes a wide variety of bicycle. The most popular model, and the major source of revenue to the company, is the AirWing. ZBC receives all the models from a single manufacturer in China, and shipment takes as long as one month from the times an order is place. With the cost of communication, paperwork, and customs clearance included, ABC estimates that each time an order is place, it incurs a cost of $65. The purchase price paid by ZBC, per bicycle, is roughly 70% of the suggested retail price for all the styles available, and the inventory carrying cost is 1% per month (12% per year) of the purchase price paid by ZBC. The retail price (paid by the customers) for the AirWing is $170 per bicycle. ZBC is in interested in making as inventory plan for 2019. The firm wants to maintain a 97% service level with is customers to minimize the losses on the lost orders. A forecast for AirWing model sales in 2019 has been developed and will be used to make an inventory plan for ZBC.
DEMAND FOR AIRWING MODEL
|
Month |
Forecasted 2019 |
|
January |
8 |
|
February |
15 |
|
March |
31 |
|
April |
59 |
|
May |
97 |
|
June |
60 |
|
July |
39 |
|
August |
24 |
|
September |
16 |
|
October |
15 |
|
November |
28 |
|
December |
47 |
|
Total |
439 |
|
Average demand per month |
36.58 |
|
Standard deviation of the monthly demand |
Use Excel to calculate it |
Discussion Questions
Develop an inventory plan to help ZBC:
1) Determine the simple EOQ, assuming constant demand throughout the year (which obviously is not true; to be dealt with later).
2) Calculate the annual inventory cost under this EOQ policy (carrying cost plus ordering cost).
3) Assuming that that the demand is variable (with the mean of 36.58 and the standard deviation to be calculated by you), use the relevant formula in the powerpoint file and calculate the ROP.
4) Calculate the annual cost of holding the safety stock throughout the year and add it to the cost in p. 2 above. This is your total annual inventory cost.
5) Plot the projected future bicycle sales (use Excel) and evaluate the nature of the demand. As mentioned above, it is obviously not constant throughout the year.
6) Segment the planning horizon into three separate intervals:
a) January, February, and March
b) April, May, June, and July
c) August, September, October, November, and December
(Note: other segmentations are also possible, e.g., precisely by the quarters, etc., but please use the one I am suggesting).
7) Repeat the analyses from Q1.-Q4 above, separately for each of the three segments. Of course, you will have to adjust the planning horizon accordingly.
8) Calculate the total cost across the three segments thus producing the total annual inventory cost.
9) Compare it against the cost in Q4 above. Which approach is better and why? Provide a full rationale for your answer.
In: Operations Management