Questions
Explain why you agree or disagree with the following statements. If I were to supply my...

Explain why you agree or disagree with the following statements.

If I were to supply my kitchen with fresh food, I can use the fixed-order quantity model because , like most people, I only go to the grocery store when the supply is low and since the number of people who consume the food stays the same, I would purchase the same amount. On the other hand, if I were to obtain a daily newspaper, I would use the fixed- time period model because it would only be a one-time purchase. Lastly, if I were to buy gas for my car, I would use the fixed-order quantity model because it is refilled when or before it hits empty. The usage of the gas varies so the time to refill it also differs.

With so much productive capacity and room for expansion in the United States, a company based in the United States would choose to purchase items from a foreign firm for several reasons. Products from foreign firms are generally more affordable but are of high quality. Labor wages associated with producing these products are much lower in foreign countries than in the United States. Lower costs help the company generate higher revenues. Also, in some countries, laws and regulations are less strict than in the United States.

However, purchasing items from a foreign firm also has disadvantages. Purchasing items from a foreign firm involves higher transportation and tax-related costs. Language barrier and cultural differences are also present in business operations in a foreign market.

In: Operations Management

How might a public manager motivate their employees?

How might a public manager motivate their employees?

In: Operations Management

Explain why you agree or disagree with the following statement. Companies in the United States often...

Explain why you agree or disagree with the following statement.

Companies in the United States often choose to source items from foreign firms due to cost reasons. Some countries that function as manufacturing hubs have lower wage rates or relaxed working regulations which create cost savings that can be passed on to purchasing companies. Another possible explanation for sourcing items from other companies could be manufacturing efficiency. If a necessary component for a product is manufactured near another component then it may make sense to choose to source the component from that country instead of moving the components around and increasing costs.

In: Operations Management

why is it important that the GAO receive the cooperation of contractors in attempting to make...

why is it important that the GAO receive the cooperation of contractors in attempting to make its government audits?

In: Operations Management

Summarize OSHA regulations for nail salon in one paragraph.

Summarize OSHA regulations for nail salon in one paragraph.

In: Operations Management

why does the government closely monitor contract performance when the contractor is responsible for satisfactory performance...

why does the government closely monitor contract performance when the contractor is responsible for satisfactory performance of his/her contract

In: Operations Management

Describe the relationships among performance measured at different levels within an organization and discuss how training,...

Describe the relationships among performance measured at different levels within an organization and discuss how training, development and job redesign can help improve performance.

Describe the role of incentive pay, identify different programs for individual-based and team-based incentive plans.

In: Operations Management

Comprehensively discuss how Spotify attempts to provide a total customer experience (CX) (not customer service) with...

Comprehensively discuss how Spotify attempts to provide a total customer experience (CX) (not customer service) with its customers.

Identify the factors that should be considered in developing a customer profile for Spotify.

In: Operations Management

How Strong Are the Banking Industry’s Competitive Forces?

How Strong Are the Banking Industry’s Competitive Forces?

In: Operations Management

Discuss ethics in the field of business. There are many ethical concerns such as bullying in...

Discuss ethics in the field of business. There are many ethical concerns such as bullying in the workplace, conflicts of interest, discrimination, employee safety, hiring practices, sexual harassment, fraud, internet usage, and environmental. There are so many concerns businesses have to deal with that you should have no trouble finding one that interest you. You will provide citations or live links so your classmates and instructor can read entire articles or sources. You should have one or more sources in your original post.

In: Operations Management

Durning this part of class we looked at (1) creating a strategy, (2) mission, vision, values,...

Durning this part of class we looked at (1) creating a strategy, (2) mission, vision, values, and culture, (3) globalization, and (4) planning.

For this extra credit, reflect on the COVID-19 virus to date. In thinking about COVID-19 identify one topic (creating a strategy, globalization, or planning) and address the following questions:

1. How do you feel the United States has performed in the area (i.e., creating a strategy for COVID-19, addressing the global aspect of the virus, or planning for the virus)? In your response, find one news article that supports your argument. Please include a citation.

2. What could have been done to make the United States more effective at addressing this crisis? In your response, tie in one key concept from class.

In: Operations Management

1. Explain the best way to handle team conflict? 2. Explain how strategic leadership differ from...

1. Explain the best way to handle team conflict?

2. Explain how strategic leadership differ from visionary leadership?

In: Operations Management

Should auto insurance companies be able to force you to have a little black box type...

Should auto insurance companies be able to force you to have a little black box type device, or a similarly functioning smartphone app, that records your driving habits, or pay a penalty not to do so (or get a discount for using the device - in the end a penalty for not using, or a discount for using are basically the same)?

In: Operations Management

MARKOV ANALYSIS An IE student falls in line i a copier machine to reproduce his materials....

MARKOV ANALYSIS

An IE student falls in line i a copier machine to reproduce his materials. Students arrive according to exponential distribution process at a mean time of 20 minutes. The copier operator can finish reproducing the materials  according to exponential distribution at a rate of 5 per hour.

a) What is the probability that exactly 5 students fall in line in the copier machine. Answer in 4 decimal places.

b) What is the approximate time in minutes student will fall in line? Answer in integer value.  

c) How many students will be falling in line to avail of the service of the copier operator? Answer in integer value.  

d) If the school administrator wants to limit students' waiting time to 2 minutes, how many copier machines should be installed? Answer in integer value.  

e) What is the waiting time (in minutes) if the number of copier machine will be installed based on your answer in (d). Answer in 3 decimal places.  

In: Operations Management

Animal Rights Law and Politics: What might have allowed the Sierra Club to have standing in...

Animal Rights Law and Politics: What might have allowed the Sierra Club to have standing in Sierra Club v. Morton?

Case: Sierra Club v. Morton, 405 U.S. 727 (1972)

In: Operations Management