Questions
Central University uses $123,000 of a particular toner cartridge for laser printers in the student computer...

Central University uses $123,000 of a particular toner cartridge for laser printers in the student computer labs each year. The purchasing director of the university estimates the ordering cost at $45 and thinks that the university can hold this type of inventory at an annual storage cost of 0.83 of the purchase price. The purchase price of each cartridge is $4.00/unit.   How many times per year should the purchasing director place an order to minimize the total annual cost of purchasing and carrying?

*to two decimal places

In: Operations Management

The cost accounting department has asked you to check their EOQ figures. You have been given...

The cost accounting department has asked you to check their EOQ figures. You have been given the following data:

Demand 17,036 units per quarter
Setup $120 per setup
Price $5 per unit
Percent of price (I) 25% per unit per year
EOQ 3,126 units

Calculate total annual inventor costs including setup, holding and product cost.

*two decimal places

In: Operations Management

Identify solutions to the problem of Rhino poaching. What are the pros and cons of each?

  1. Identify solutions to the problem of Rhino poaching. What are the pros and cons of each?

In: Operations Management

A well-defined brand strategy is significant for firms with expansion goals. Also, a strong brand could...

A well-defined brand strategy is significant for firms with expansion goals. Also, a strong brand could be a powerful tool for a competitive edge to large or small companies.

  • With this in mind, list four benefits of a strong brand to business organizations.
  • We live in an ever-increasing globalized society. Reflect on the challenge of global branding.
  • What are the benefits of globalizing a brand?
  • What are the unique challenges to this type of branding and in your opinion, which areas of the world pose the bigger challenges and why?

In: Operations Management

Write short notes on cams and followers

Write short notes on cams and followers

In: Operations Management

How could you justify the ideas of "Zero Defects", "Do it Right the First Time", and...

How could you justify the ideas of "Zero Defects", "Do it Right the First Time", and "Quality is Free" utilizing the cost of quality terminology?

In: Operations Management

Gatekeeping: What are the causal effects of AI (Artificial Intelligence) in hiring processes and how can...

Gatekeeping: What are the causal effects of AI (Artificial Intelligence) in hiring processes and how can they be measured? Can i get as much detail as possible?

In: Operations Management

1. Price Discrimination - Two Parts Pricing: Xerox In early days, the Xerox Corporation faced the...

1. Price Discrimination - Two Parts Pricing: Xerox

In early days, the Xerox Corporation faced the following pricing problem for its copying machines (there was hardly any competition then). There were two segments of potential users, the large users --whose copying needs were 20,000 copies per year – and the small users -- whose copying needs were 2,000 copies per year. Xerox found that a large user would be willing to pay as much as $25,800 to buy a Xerox machine provided supplies from Xerox were free of charge over the life of the machine; similarly, a small user would be willing to buy a Xerox machine for $6,700 provided Xerox supplies free supplies. The expected life of a machine is 5 years. There are equal numbers of large and small users. The total number of users is 200.

Xerox's marginal cost of producing each of these machines was estimated to be $1,900.
Its marginal cost of paper was $0.03 per sheet. Xerox used a 10% discount rate, i.e., if it generated an income of $1 each year for 5 years, then its present value of that income stream is 1/1.10+1/1.102+...+1/1.105)=$3.79

(1) What should be the selling price of these machines (bundled with paper) if Xerox decided to go with single price (assume that everyone pays the same price and the buyers must pay immediately).

(2) Xerox wonders if it can make more money leasing the machines instead of selling them. The leasing policy will involve a yearly rental charge (payable at the end of each year) and a charge per copy made (monitored via the copy meter on the machines) -- cumulated over each year and payable at the end of the year. Only one leasing plan -- i.e., a single rental charge and a single per-copy charge -- is being contemplated. What should be Xerox's leasing policy? (Assume that each user also uses a 10% discount rate).

(3) Explain in a few words why the leasing plan does better than the single price plan?

In: Operations Management

What are some current challenges faced by food companies in reducing food waste?

What are some current challenges faced by food companies in reducing food waste?

In: Operations Management

The Following table is based on a time study for a metal working operation Obs (minutes...

The Following table is based on a time study for a metal working operation

Obs (minutes per cycle)
Element Performance Rating 1 2 3 4 5 5
A 108% 1.2 1.25 1.30 1.28 1.26 1.24
B 112% 0.83 0.81 0.78 0.81 0.83 0.79
C 105% 0.58 0.61 0.59 0.62 0.58 0.61

MUST SHOW ALL WORK TO RECEIVE FULL OR PARTIAL CREDIT.

a) Based on the number of observation, determine the standard time for the operation, assuming an allowance of 12 percent of job time.

b) How many observations would be needed to estimate the mean time for element B within 2 percent of its true value with a 95.5 percent confidence

In: Operations Management

Training and Development assignment. Describe the usage of Computer Based Training (CBT) in McDonald's Company training...

Training and Development assignment.

Describe the usage of Computer Based Training (CBT) in McDonald's Company training programs.

Format

A i. McDonald's Company Background

ii. What type of CBT McDonald's use as program instruction and explain it

iii. Explain the advantages of using CBT.

iv. Describe the disadvantages of using CBT.

v. Discuss on the blending of CBT with other training methods

vi. Explain the types of CBT such as Program Instruction, Intelligent Tutoring Systems, Interactive Multimedia and Virtual Reality and give some examples.

In: Operations Management

Journal article summary on inter-group conflict Peer Reviewed Journal article from past 3 years. Please include...

Journal article summary on inter-group conflict

Peer Reviewed Journal article from past 3 years. Please include Article Title and Journal name

In: Operations Management

In the article from Forbes notes that the goal of a leader is not to clone...

In the article from Forbes notes that the goal of a leader is not to clone him/herself, but to harness individual strengths for the greater good of the organization. This is best accomplished by respecting individual talents; not stifling them.

Yet some folks just don’t want to follow. The article notes several tips for leading those who do not want to follow: (1) be consistent, (2) the importance factor, (3) make respect a priority, (4) define acceptable behavior, (5) hit conflict head-on, (6) understanding the WIIFM factor, (7) view conflict as an opportunity, and (8) clarity of purpose.

The article ends with this quote “It’s important to remember that a manager exists when the company says so, but that said manager only really becomes a leader when their team says so”.

Do you agree with this statement?

In: Operations Management

Read at least 2 academically reviewed articles and Write an annotated bibliography paper on Master Budgeting

Read at least 2 academically reviewed articles and Write an annotated bibliography paper on Master Budgeting

In: Operations Management

Respond to the following in a minimum of 175 words: Discuss what elements should be present...

Respond to the following in a minimum of 175 words:

Discuss what elements should be present in an implementation plan.

Provide a specific example to illustrate your reasoning.

In: Operations Management