ease read the case and answer the questions at the end. Please respond to two of your peers. Do you agree or disagree?
Josh's Toy Manufacturing is a manufacturer of small toys that are included in kids' meals at fast-food restaurants. Josh's uses plastic injection technology to produce toys efficiently. Price is the main criterion restaurant chains use to determine whether they will buy toys from Josh's or some other manufacturer.
One assembly line for toy manufacturing at Josh's has four machines. Each machine requires an operator. Operator skill is important since an effective operator can often manufacture toys twice as fast as an ineffective operator. The four operators on the assembly line at Josh's were hired a year ago when the new line began operation. Machine 1 is very loud, making its operation the least desirable job. Machines 2 and 3 are very similar and require operators to constantly push a variety of levers. Working on Machine 4 is the easiest job, as the operator does little more than monitor progress and push buttons. The four operators currently rotate every hour so that each operator spends two hours on each machine during an eight-hour workday.
Supervisors have noted that production output varies depending on which operator is working on which machine. The chart shows this variance.
Analysis suggests that lower production during Hour 2 mostly results from Fred's having trouble working with Machine 1. The noise bothers him more than the others, and he often takes short breaks to walk away from the machine and regain his composure. The relative high productivity during Hour 3 can be traced to having Bonnie work on Machine 4. Bonnie finds it especially difficult to work on Machines 2 and 3.
Given their current production process, the four operators produce an average of 2,610 units each day. If they worked all day in the Hour 3 configuration they could average 3,200 units each day, which would be a production increase of over 22 percent.
Questions:
In: Operations Management
In: Operations Management
True or false and explain why .
If you have an otherwise good boss who just never seems to be completely satisfied with your work, it would be a good practice to just quit worrying about it. |
If, as a new manager, you inherited a long-term, nonproductive employee, it would likely be best to just accept the situation as is. |
No matter how well designed, policies are NOT very effective for curing organizational problems. |
All bosses have some flaws that they are not likely to change. |
Lengthy tenures do not earn employees the right to do what they want to do. |
Effective leaders invest heavily in marginal departments in efforts to improve them. |
Well-written policies are very effective for improving behavioral problems. |
When staff disagrees with upper management, it is best to strongly advocate for staff. |
If you have a really bad boss, it is good practice to report these weaknesses to the CEO. |
I’m happy to be finished with the course, and I learned a lot. |
In: Operations Management
True or false and explain why
Good managers are very patient when dealing with millennials’ attendance issues. |
On average, younger employees quit a company more frequently than older employees. |
Good managers accept low performance form employees with good attitudes. |
Effective leaders focus more on mission than on discipline. |
Hiring disciplined employees is more effective than creating good disciplinary policies. |
Effective leaders work extensively to help older, nonproductive employees get better. |
Economic down-cycles are effective means for improving employee discipline. |
When it is hard to find replacements, it is more effective to retain marginal producers. |
Termination often comes as a disguised blessing for non-producers. |
If you are not going to terminate marginal employees, it is best to learn to tolerate them. |
In: Operations Management
GENERAL BUSINESS COURSE QUESTION:
Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."
Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.
4) Judging from Joe's remarks, which do we as a nation fear the most - inflation or recession?
In: Operations Management
Notwithstanding the optimism of our new technologies from tech professionals and others. And notwithstanding the convenience, low costs, and unimaginable benefits from technology, the reality is, if the advancement continues at this rate, there is little doubt that within the life time of the millennial generation millions of jobs will be permanently eliminated.
This will impact knowledge workers as well as laborers. To avoid outcomes reflected in the recent study of the “Collapse of the White Working Class” should society began to look seriously at the Universal Basic Income? Does this allow us to minimize/avoid potential astronomical poverty rates and crime? Does the current worldwide health crisis (COVID 19-Pandemic) impact or change your opinion regarding UBI?
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Formulate workplace scenario dealing with each of the following topic privacy. Recommend corrective action for each of these scenarios, so they fall in line with the current statutes and laws.
Make sure to provide a scenario for topic and provide a recommendation. The scenario and recommendation should be a minimum of 300 words in length.
In: Operations Management
GENERAL BUSINESS COURSE QUESTION:
Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."
Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.
3) If tomorrow morning the Fed ordered that the reserve requirements for all banks would be raised significantly, what effect would that have on the money supply?
In: Operations Management
GENERAL BUSINESS COURSE QUESTION:
Joe and Jill were talking about the role played by the Federal Reserve System in the United States. Joe seemed to be quite well informed about the functions and activities of our central bank. "You see, Jill, the Fed is the main guardian of our nation's economic stability," Joe declared. "In America, we don't want inflation and we don't want recession. To stretch the situation just a bit, we are frightened, absolutely terrified, by thoughts of hyperinflation and depression. So, the Fed maintains the right to alter the situation and protect us from these two monsters. And you ask, how they do that? The answer is the discount rate. That is the device that the Federal Reserve System uses to keep us safe."
Jill was enjoying listening to her friend explain it all. Joe continued, "Now the discount rate is the interest rate that the twelve Federal Reserve Banks around the country charge their member banks on a loan. So, when the discount rate goes up, all interest rates tend to go up. And, happy to say, when interest rates go up all over America, this tends to slow down any inflationary tendencies." Jill asked, "Does the Fed have other tools for stopping inflation?" "No," said Joe.
7) Has the economy recovered from the last recession? What factors led you to your answer? You should be able to back up your opinion. Don't use blog opinions. Make sure your source(s) is/are based upon facts.
In: Operations Management
Threats are made against the nation and pose a security risk, every day, but the public is not always aware of these threats. For this week’s discussion question respond to the following prompts:
In: Operations Management
Describe two ways that performance measurement activities can be an asset to an organization that provides financial support to public health agencies.
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11. The Facebook breach and its consequences demonstrate the very real ethical dilemmas that the Internet pose for the information rights of citizens. Consult pages 125 – 127 of your textbook and discuss what are information rights and two laws that aim to protect those rights where Facebook was guilty of breaching these laws.
In: Operations Management
manufacturer is studying a proposal to install an automatic device at one of its production operations. The device would perform the operation in exactly 0.5 minutes. At present, there is a (single server) manual operation with an average service rate of 60 per hour and exponential service times. The arrival rate is 50 products per hour and Poisson distributed. Each minute saved per product at the operation is worth $2. Assume that the total production for the year is 1,500.
1.
What is the average time in the system in the manual operations?
4.6 minutes |
||
4.8 minutes |
||
8.4 minutes |
||
6 minutes |
2. What is the average time in the system in the automatic operations?
0.67 minutes |
||
2.1 minutes |
||
1.76 minutes |
||
0.48 minutes |
3.
If your answer to questions (1) and (2) of the Problem are 5 and 2.5 minutes, respectively, how much is the savings per product due to the automatic device for one year?
$9400 |
||
$6000 |
||
$8700 |
||
$7500 |
4.
If the device costs $4000, should the device be installed, i.e., would it offset its cost in one year (Yes/No) (based on your answer to the previous part)?
Yes |
||
No |
In: Operations Management
The pier in Santa Monica, CA, is a popular destination for both tourists and locals. Visitors ride the Ferris wheel (F), eat ice cream (C), or just walk around on the pier (W). Write a dynamical model for the numbers of people engaged in these activities given the following assumptions. (Hint: Start by drawing a diagram of this system and labeling the stocks and flows. People entering the pier always start by just walking around. E people enter the pier each minute. Visitors leave at a constant per capita rate d. They can leave only when they are walking around. Due to fear of nausea, people do not go directly from eating ice cream to riding the Ferris wheel. Visitors prefer to go on the Ferris wheel with friends. Thus, the probability that any one individual will go on the Ferris wheel is proportional to the number of people walking around, with proportionality constant b. Riders leave the Ferris wheel at per capita rate n. When visitors leave the Ferris wheel, a fraction z of them go directly to eating ice cream. The others walk around. Visitors who are walking around prefer to avoid long lines for ice cream. Thus, the per capita rate at which they get ice cream is proportional to the inverse of the number of people already doing so, with proportionality constant m. People who are eating ice cream stop doing so at a constant per capita rate k.
In: Operations Management
what should be the primary financial concerns for a large stadium versus a small fitness facility?
In: Operations Management