What is hypothesis testing? Explain the general process and the steps included in conducting a hypothesis test? What is the difference between parametric and nonparametric hypothesis testing?
In: Operations Management
In: Operations Management
There are two extremes when it comes to the power of providers to set prices. The first one is the provider has no power and must accept the reimbursement rate set by others. The second one is the provider sets the price and the third-party payers must accept them. Neither sounds like a win-win for all parties involved. We will explore these strategies in this week’s discussion question.
You are the Business Manager for Dr. Jones' medical practice. He is hoping to open in a few months but first wants to determine his prices. He has asked you to recommend if he should set his own prices or accept those from third-party payers. After researching both options, provide a memorandum with your recommendation. In your memo, be sure to first provide a brief discussion of what it means to be price-setter or price-taker. List the pros and cons of each one. Be sure to comment on the strategies that would be used in both scenarios. Finally, end the memo with your recommendation.
Instructions:
In: Operations Management
a) You do not seem to be in favour of virtual teams for the VLF
project. Can you explain what exactly are virtual teams and what
are the disadvantages of working with such teams?
(b) One of your team members is preparing to present the design
solution to the Valle del Lili Foundation (VLF) management
committee. Please guide your team member, a Business Analyst, with
tips on preparing and conducting the presentation successfully.
Remarks: This is all for this question. VLF management committee is just a example of the committee. there is nothing else to describe.
In: Operations Management
10. Oma Bakery HQ is building a new automated bakery in Taipa. The following table contains the activities that need to be completed to build the bakery and install the facilities.
Activity |
Immediate Predecessor |
Normal Time |
Crash Time |
Crash
Cost |
A |
None |
9 |
6 |
$3,000 |
B |
A |
8 |
5 |
$3,500 |
C |
A |
15 |
10 |
$4,000 |
D |
B,C |
5 |
3 |
$2,000 |
E |
C |
10 |
6 |
$2,500 |
F |
D,E |
2 |
1 |
$5,000 |
a. Draw the network diagram (Activity-on-arrow (AOA) or Activity-on-node (AON)).
b. Which activities have slack, and how many weeks?
c. What is the critical path?
d. How many weeks will Oma Bakery HQ take to complete the project?
e. How many weeks will the project take if Oma Bakery HQ is willing to pay crashing cost as long as it is less than $3,500/week, and show, step by step, how you arrived at your crashing sequence? 10. Oma Bakery HQ is building a new automated bakery in Taipa. The following table contains the activities that need to be completed to build the bakery and install the facilities.
Activity |
Immediate Predecessor |
Normal Time |
Crash Time |
Crash
Cost |
A |
None |
9 |
6 |
$3,000 |
B |
A |
8 |
5 |
$3,500 |
C |
A |
15 |
10 |
$4,000 |
D |
B,C |
5 |
3 |
$2,000 |
E |
C |
10 |
6 |
$2,500 |
F |
D,E |
2 |
1 |
$5,000 |
a. Draw the network diagram (Activity-on-arrow (AOA) or Activity-on-node (AON)).
b. Which activities have slack, and how many weeks?
c. What is the critical path?
d. How many weeks will Oma Bakery HQ take to complete the project?
e. How many weeks will the project take if Oma Bakery HQ is willing to pay crashing cost as long as it is less than $3,500/week, and show, step by step, how you arrived at your crashing sequence?
In: Operations Management
Compare and contrast IP and ARP and RARP (I need a table showing similarities and differences).I need 1,200 words.Please give a concluding message.
In: Operations Management
Question 2:
Demonstrate the interrelationship of working of TPS, MIS, DSS and ESS using a real-life example of a firm. Your answer should include:
In: Operations Management
Compare and contrast IP and ARP and RARP (I need a table showing similarities and differences).I need 1,200 words.Please give a concluding message.
In: Operations Management
(a) As a Business Analyst in charge of the IT implementation
(Synapsis Project) at Valle del Lili Foundation (VLF), identify at
least FIVE (5) process problems/ issues in relation to Patient Care
Delivery, Medical Records and/ or Medical Orders that you would
want to eliminate so as to create the best value to the enterprise
with this implementation.
(b) Explain Organisational Change. Describe the challenges that VLF
management have anticipated and how they dealt with the resistance
when communicating their decision to proceed with the Synapsis
Project.
In: Operations Management
Create an IFE matrix for Ford Motor company:
The matrix must be quantified , meaning that it must include some numeric values in them such as percentages, numbers, or money.
In: Operations Management
31. Pick an area in your living area to apply the 5S method to. This could be your work/study space, a gaming area, a room, or even the whole house/apartment. First, write the room/area that you will apply these methods to. For each bullet here, name the “S” and then write a very brief description of what you did. Please follow the correct order of the 5S methodology. This question is worth 10 total points, 2 for each S (naming (1); what you did should align with the S (1))
Area you are applying 5S to: _______________
In: Operations Management
The relevant project data are given as follows.
Activity |
Predecessor(s) |
Normal time (weeks) |
Crash time |
Normal cost |
Crash cost |
Possible number of weeks to crash |
Cost/week to expedite |
A |
-- |
7 |
6 |
$7,000 |
$8,000 |
||
B |
A |
2 |
1 |
5,000 |
7,000 |
||
C |
A |
4 |
3 |
9,000 |
10,200 |
||
D |
B,C |
5 |
4 |
3,000 |
4,500 |
||
E |
D |
2 |
1 |
2,000 |
3,000 |
||
F |
D |
4 |
2 |
4,000 |
7,000 |
||
G |
E,F |
5 |
4 |
5,000 |
8,000 |
a) Draw the AOA (Activity-On-Arc) diagram as shown in Chapter 13's Excel Worksheets.
b) Formulate the problem of finding project completion time as a LP problem. [You would only need the first 3 columns of the table and the diagram from a) to do the job!]
c) Reformulate the problem when crashing the project completion time of 3 weeks is required. That is, reformulate the problem when the project completion time is required to be shorted by 3 weeks. Obviously, crashing is based on shortening the project completion time by 3 weeks with the minimal additional cost. In order to formulate the problem, you need to fill in the blank columns of the table.
NEED EXCEL ANSWERS! DO NOT COPY AND PASTE THE ANSWER FROM OTHER POSTS!
In: Operations Management
Using Quantitative research methods, from Primary and Secondary Sources, develop a literature review on the six business problems identified. The Business problems are Particulate Matter, Safety training Effectiveness, Sound Level Exposure, New Employee training, Lead Exposure, and Return on Investment. The articles you use should help inform your knowledge about the issues you are trying to solve. The articles should also be quantitative research articles from primary and secondary sources.
In: Operations Management
Identify how you would implement communication skills into your current place of employment to improve your own communication process.
From your perspective, outline your workplace communication and writing skill challenges and describe some strategies to help you overcome those challenges.
In: Operations Management
The three ways that an entrepreneur can grow his or her business organically
In: Operations Management