Questions
Anytown Hospital has an outstanding reputation for surgical services. The operating room supervi- sor and a...

Anytown Hospital has an outstanding reputation for surgical services. The operating room supervi- sor and a surgical nurse told Bob Wright, the CEO, that Dr. Flipton, an anesthesiologist, was abusing the use of anesthesia gases in the hospital’s dental suite. He was reportedly seen by operating staff testing “laughing gas” by holding a mask against his face for short periods of time. This scene would be followed by a string of silly, seemingly meaningless jokes. Bob has repeatedly discussed this matter with the medical executive committee. The medical executive committee refuses to take any action without definitive action by the department chair. Bob suspects that if he pursues the matter further with the governing board, he could end up without a job. The governing body is generally unable to resolve disciplinary actions against a physician without support of the medical executive committee.

What do you believe the ethical issues are for Bob knowing that doing the right thing and job survival could be in conflict? Which of the following would you do if you were in Bob’s position, with two children in college and hefty mortgage payments? Explain your answer in detail.

In: Operations Management

The Vita Plastics Assembly Company (VPAC), which has its headquarters in St Louis, Missouri, is considering...

The Vita Plastics Assembly Company (VPAC), which has its headquarters in St Louis, Missouri, is considering opening a manufacturing plant in an overseas country and transferring much of its current US-based production to the new plant. After extensive data collection and visits by managers to a number of possible countries Almeria has been identified as the most promising country for a new plant. A site near the capital, Lasia, appears to be highly suitable and a new state-of-the art manufacturing facility could be constructed there very quickly.

The decision on whether to go ahead with the move to Almeria will be based on the level of monetary savings in production costs that it is hoped would be generated over the next 10 years by opening a plant there. However, there are a number of risks associated with these savings and, for simplicity, the level of savings has categorized as either high, medium or low. If a move to Almeria does go ahead, VPAC will review the success of its investment after the first five years and will have the option of withdrawing from that country and returning operations to the USA if this appears to be appropriate.

Almeria has a relatively new democracy which was created following the overthrow of a military dictatorship that had ruled the country for nearly thirty years. However, there is considerable poverty and unemployment rates have recently been as high as 38%. The current government is therefore keen to attract foreign investors, but it only has a narrow majority in the country’s parliament. Despite the efforts of the government widespread corruption has persisted and Almeria is ranked 5th in the World league table of corruption. Corruption is partly responsible for the neglect of the country’s road and rail systems which are now amongst the worst in the region.

If a decision is made to relocate to Almeria there is a risk that a new government will come into power and nationalize all foreign investments. There is thought to be only a 0.05 probability of this happening during the first five years, but if it did occur, the loss of assets would cause VPAC to be worse off by $75 million (in present value

terms) compared to the returns that would have been generated by continuing manufacturing in the US. Nationalization would also cause VPAC’s association with the country to end immediately. There is also an estimated 0.3 probability that within the next five years, restrictions will be imposed by the government on the convertibility of local currency into foreign currency.                                  This would reduce savings by an estimated $43 million (nationalization and currency restrictions can be assumed to be mutually exclusive events).

Insurance can be purchased to cover both of these political risks for the first five years of operations by paying a total premium which has a present value of $16 million. (Note that the insurance can only be purchased at the start of the five years).If the company does purchase political risk insurance and nationalization occurs in the first five years then the insurance will only cover the loss of assets. It is expected that any savings generated before nationalization would be canceled out by the costs of relocation and so would have present value of $0. If nationalization does not take place it is thought that there is a 0.6 probability that in the first five years the investment would generate high savings having an estimated present value of $85 million. There is also an estimated 0.25 probability that medium savings, with a present value $48 million, would be earned in the first five years and a 0.15 probability these savings will be low and only amount to $5 million. If no political insurance has been purchased currency restrictions would reduce these savings by the estimated amount given above

At the end of the first five years the company would have to decide whether to continue to operate the plant in Almeria for another five years or whether to transfer operations back to the US. However, this decision will only be considered if the savings in the first five years have been low. If a decision to withdraw is made then the plant will be sold for a return with an estimated present value of £10 million. If VPAC decide to continue operations in Almeria for a further five years the risk of nationalization during this period is difficult to estimate but is thought to be between

0.1 and 0.2. However, the risk of restrictions on the convertibility of local currency is estimated to be the same as that in the first five years. The total insurance premium

to cover these risks for the second five years would have a present value of $12.8 million. If insurance is purchased and nationalization occurs in the second five years then it is the assumed that gross savings made before nationalization will again be cancelled out by the costs arising from the disruption. For simplicity, the present values of other costs and savings occurring under each set of conditions in the second five years are assumed to be the same as those in the first 5 years, with a 20% reduction to take into account the time value of money. However, it is thought that the probabilities of high, medium and low returns in the second five year period will be dependent on the level of returns achieved in the first five years as shown in the table below.

Second five years

High

Medium

Low

High

0.60

0.30

0.10

First five years

Medium

0.10

0.80

0.10

Low

0.03

0.07

0.90

For example, the table shows, that if savings in the first five years have been high then there is a 0.60 probability that high savings will be maintained in the next five years, a 0.3 probability that only medium savings will be generated and a 0.10 probability that savings will be low. The other two rows can be interpreted in a similar manner. It can be assumed that, if the company stays in Almeria, for ten years it will sell the plant at the end of this period and hence generate extra returns with a present value of £6 million

Question 1

Analyse the decision problem faced by VPAC and recommend the policy that the company should pursue.

Question 2

Discuss the strengths and limitations of your model in terms of the usefulness of the guidance that it would provide to VPAC’s managers.

In: Operations Management

                State whether the following provisions impair or preclude negotiability, the instrument in each instance being...

                State whether the following provisions impair or preclude negotiability, the instrument in each instance being otherwise in proper form. Answer each statement with either he word “Negotiable” or “Nonnegotiable” and explain why.

  1.             A instrument reciting “I.O.U., Mark Noble, $1,000.00”
  2.             A note executed by Pierre Janvier, a resident of Chicago, for $2,000, payable in Swiss francs.
  3.             An undated note for $1,000 payable “six months after date.”

i.              A note

In: Operations Management

short essay where i need to identify the  external and internal elements for coca cola company and...

short essay where i need to identify the  external and internal elements for coca cola company and how its affecting the organizational design

In: Operations Management

or Communication course (Please by detiels!) I want a formal complaint letter from: Alex and Jose...

or Communication course (Please by detiels!) I want a formal complaint letter from:

Alex and Jose from (42, Greyhound Road
Perry Barr
Birmingham )
  to the university’s president carlos on the subject of (e-learning)

Please use simple language and clear language and more contact word

In: Operations Management

Discuss the reasons why strategy is crucial to an organisation and explain why strategic intent may...

Discuss the reasons why strategy is crucial to an organisation and explain why strategic intent may be regarded as the first indispensable step in the strategic management process

In: Operations Management

You have just received the following corporate change request from the Information Technology Division of Freektail...

You have just received the following corporate change request from the Information Technology Division of Freektail Inc. Your task is to meet with your project team to assess the impact of this “change.”

CORPORATE CHANGE REQUEST

Project Title: the Semi-Conductor Inspection Device 4th Generation project (SCID4)

Change No.: 2011-F-0639

Submitted By: Mr. Keith Adkins

Date: November 14, 2017

Description of Requested Change:

Modify SOW as follows:

1100 Project Management

The project team shall initiate, plan, execute, monitor, control and close the SCID4 project. The project team shall perform on-going project management activities to include the conduct of regular team meetings and status briefings. The project team shall provide weekly project performance reports that address cost, schedule and technical performance. The weekly project performance reports shall be prepared electronically in a format that is compatible with the Freektail Artemis portfolio project performance dashboard.

Reason for Change Request:

Freektail Inc. has recently acquired and installed a project performance dashboard. The dashboard is managed using Artemis 2017 Enterprise. The CEO of Freektail is now requiring all projects, internal and external to support project reporting using Artemis 2017 Enterprise, so that all project sponsors and executives will have ready access to consistent and reliable project status information.

Approved By:

Do you consider this corporate change request to be a simple change, or does it represent a change in project scope? Why?

How will this “change” impact the cost of your project plan?

How will this “change” impact the schedule for your project plan?

How will this “change” impact the resources you acquire to execute this project?

What additional changes will you make to your project plan to incorporate this change request?

In: Operations Management

1. Name a company that practices horizontal integration and describe the structure. 2. Name a company...


1. Name a company that practices horizontal integration and describe the structure.

2. Name a company that practices vertical integration and describe the structure.

3. In your opinion, which is better to work for? Which offers workers the better opportunity to better yourself?

4. If you owned the business, which would you implement? Think again about the workers opportunities. Does their betterment also mean what’s best for your business?

In: Operations Management

Joel Trost started working as a mover for Two Men and a Truck at the young...

Joel Trost started working as a mover for Two Men and a Truck at the young age of 19. Over the years, he climbed the ranks in the company, from mover to manager to franchisee. Today, he is the owner of 16 franchises spread across the U.S., with more on the way. Here's what he's learned in the process of "growing up with the company." After reading this chapter“Two Men and a Truck” provide an argument that Joel Trost has made a solid business decision with the purchase of this franchise. Can you relate some of the chapter material to this franchise example? What additional research would you have dome before purchasing this franchise? Be specific.

In: Operations Management

You and your roommate are preparing to start “Creative Cookies” in your on-campus apartment.  The company will...

  1. You and your roommate are preparing to start “Creative Cookies” in your on-campus apartment.  The company will provide fresh cookies to starving students late at night.  You need to evaluate the preliminary design for the company’s production process.

Business Concept

            Your idea is to bake fresh cookies to order, using any combination of ingredients that the buyer wants.  You will not bake any cookies before receiving the order; therefore, the buyer will be getting cookies that are literally hot out of the oven.

The Production Process

            Baking cookies is simple: mix all the ingredients in a food processor; spoon out the cookie dough onto a tray; put the cookies into the oven; bake them; take the tray of cookies out of the oven; let the cookies cool; and, finally, take the cookies off the tray and carefully pack them in a box.  You and your roommate already own all the necessary capital equipment: one food processor, cookie trays, and spoons.  Your apartment has a small oven – because of this, you will only accept orders of exactly one dozen cookies.  The variable costs are the cost of the ingredients (you estimate that this is $0.60 per dozen cookies) and the cost of the box in which the cookies are packed ($0.25 per box).

            You and your roommate have timed the necessary physical operations.  It takes 6 minutes to wash out the mixing bowl from the previous batch, add all of the ingredients, and mix them in your food processor.  Spooning out the cookie dough onto a tray takes 2 minutes.

            Putting the cookies into the oven and baking them takes 10 minutes.  The activities of removing the cookies from the oven and putting them aside to cool take 5 minutes.  Finally, taking the cookies off the tray and putting them into a box takes 3 minutes.  The cookies are then ready for pickup.

  1. How long will it take for you to fill an order?  (i.e. The time from when a customer places the order until they pick up the cookies)
  2. How many orders can you fill in a night, assuming you are open four hours each night?
  3. What recommendations would you make for improving this production process?

In: Operations Management

Joe is a pastry chef and he wants to open up a bakery but does not...

Joe is a pastry chef and he wants to open up a bakery but does not have the funds to do it on his own. He was also denied a loan from the bank. He is not sure whether he should form a general partnership with his friend from pastry school or a limited partnership with his rich cousin who is a plastic surgeon and doesn't know anything about running a bakery.

1. How could you advise Joe?

2. What would be the practical differences between the two scenarios?

In: Operations Management

Discuss the relationship between organisational structure, control systems, incentives and culture regarding the implementation of strategy.

Discuss the relationship between organisational structure, control systems, incentives and culture regarding the implementation of strategy.

In: Operations Management

In no less than 200 words, discuss: Should corporations only get their power from solar power?...

In no less than 200 words, discuss:

Should corporations only get their power from solar power? Why or why not?

In: Operations Management

You should look at three or four out of the following aspects of the company Apple:...

You should look at three or four out of the following aspects of the company Apple: the

business environment for a company, globalization, diversity, ethics and corporate social

responsibility, leadership, motivation or teamwork. Examine the company’s current situation

(advantages or problems), challenges, and give recommendations

In: Operations Management

Does Apple's alleged conduct fit within the definition of a monopoly? In your response, remember that...

Does Apple's alleged conduct fit within the definition of a monopoly?

In your response, remember that this same question was asked in the text about Apple's nearly 70 percent share of the online music market.

Is it true that the fleeting nature of monopolies in the tech area takes care of the problem? Support your answer.

In: Operations Management