Drew works at Baseball Inc., a seller of high-quality baseballs. He is interested in forecasting demand for his baseballs that are sold weekly to University of Miami using exponential smoothing.
Assume an initial forecast of 175 and the demand data below:
Week |
Demand |
Forecast |
1 |
180 |
175 |
2 |
168 |
|
3 |
159 |
|
4 |
175 |
You want to use simple exponential smoothing. In case 1 you take alpha = 0.7 and in case 2 you take alpha = 0.3. Which of the following has an acceptable tracking signal, i.e., model does not need to be re-evaluated?
Answer Options:
In: Operations Management
Necessary inventory would enable agility and leanness throughout the supply chain. Discuss this argument and the role of a warchouse.
In: Operations Management
You are the vice-president of a large manufacturer. You work in the head office and main distribution centre, where the main activity is the shipping of inventory to the various stores in the chain. Traditionally the employees have been permitted to take home, free of charge, irregular product (it would otherwise be destroyed). After a number of years you discover that some employees, you don’t know who, have been deliberately damaging product in order to get them for free, and you determine that this activity should stop. You advise one of your subordinates to tell the employees this. A few weeks later you determine that two of your employees are still taking home irregular items, with the permission of the manufacturers’ representatives. When you ask your subordinate about the notification that he gave the employees he tells you that he told the employees at a meeting and that he thinks that most of the employees were there. No written notification was provided and no attendance was taken at the meeting.
The two employees in question have been working for the company for 30 and 35 years respectively and are 57 and 62 years of age.
In: Operations Management
Part # 1 How would you describe the EI level of Cirque du Soleil Founder Guy Laliberte? Give an example from the case to support your response? Part # 2 What is your EI(emotional Intelligent ) score, and do you think it is an accurate reflection of you? Why or why not ?
In: Operations Management
Marco is the Treasurer of Dawn, Inc. At a staff meeting, he learned that the company has a new medication for treatment for asthma and it will be announcing it the next day. That afternoon, Marco tells his wife to buy 15,000 shares of Dawn at $10/each on line. The next day, after the announcement, the stock jumps to $22/share. What law has Marco violated?
In: Operations Management
Does it make good strategic sense for VAIL RESORT to compete in all of its current segments? Which of its product lines do you think is/are most important to VAIL RESORT’s future growth and profitability? Should one or more of these current segments be discontinued? Why?
In: Operations Management
What is general information about Chipotle, Starbucks, and McDonald. state their managerial issues, recent news etc.
In: Operations Management
Fred of Fred’s Fabulous TV and Stereo Emporium and Sue of Sue’s Electronic Supply have been doing business with one another for over 10 years. Initially Fred was quite happy with the relationship and found Sue’s service to be excellent. Over the past year and a half, however, shipments form Sue’s Electronic Supply have been late with increasing, and alarming, frequency. Fred has spoken to Sue about this, and while the problem was solved for a short time, it has recently begun to be a problem again. On the other hand, Sue’s prices are the lowest that Fred has managed to find.
From Sue’s perspective, the relationship also began as prosperous. Recently, however, Fred has hired a new accounts payable clerk, who regularly misses the due dates for payment and sends the money late. Sue also has suppliers and finds this inconvenient and that her relationships with her suppliers are deteriorating. As was the case with Fred, Sue has called and spoken to the clerk, which improved things briefly, but they shortly reverted to late payments.
Last week Fred ordered a shipment of TVs and DVD players from sue in preparation for a sale that he was having this past Saturday. He advertised the sale in the newspapers and on television and had clowns and an elephant on hand. The shipment of merchandise did not arrive on time and Fred was forced to give rain-checks to his customers. He believes that he lost significant business. When he called Sue, she told him that she was still waiting for payment from the last shipment, which was overdue, and was not at all sympathetic.
In light of the foregoing, and assuming that direct negotiation between the parties has not been successful, answer the following questions:
(a) List, and explain, the dispute resolution mechanisms available to Sue and Fred and provide three advantages and disadvantages for each (please explain your answers thoroughly).
(b) If you were advising Fred as to how to proceed, which one of the available mechanisms would you suggest he select and why and which ones would you reject, and why?
In: Operations Management
BUSINESS LAW
14. Tell me
a) four ways an agency relationship can be created, and then
b) define, as it relates to agency relationships, actual authority, apparent authority and implied authority.
In: Operations Management
For each question please give:
a. a definition of the term; and
b. discuss how the concept assists us in understanding the changing nature of work and/or employment.
Q1) Neo-liberalism
Q2) The precariat
Q3) Uberisation
In: Operations Management
Define broken-case and split-case mentioning which one is resistant to automation and why?
In: Operations Management
In: Operations Management
Please discuss using twitter and LinkedIn as media channels for a conference about a start-up company, to create meaningful touch points with targeted customers throughout their journey and explain their significance in the service experience.
In: Operations Management
Please discuss using media channels for a conference about a start-up company, to create meaningful touch points with targeted customers throughout their journey and explain their significance in the service experience.
In: Operations Management
Design an organization that will surely make the "Best Companies to Work For" list and discuss why you think the organization that you designed is worthy of such an honor
In: Operations Management