Questions
Examine the various types of contracts available to Toyota when dealing with international suppliers and advise...

Examine the various types of contracts available to Toyota when dealing with international suppliers and advise them on which contracts would be most beneficial to achieve a competitive advantage.

In: Operations Management

Give an example for market segmentation for a new company developing either products for cats or...

Give an example for market segmentation for a new company developing either products for cats or clothing for bicycle riders.

What are some good ways to identify new market or product opportunities?

In: Operations Management

Toady and Froggy were running a vegan cafe together. The business was having financial difficulties.Betelguese, who...

Toady and Froggy were running a vegan cafe together. The business was having financial difficulties.Betelguese, who has known Toady and Froggy for many years had recently inherited a lot of money and Toady and Froggy asked him to lend the business $100 000 to enable them to buy sufficient stock and to upgrade the cafe for the summer season. Betelguese wanted to help his friends but also wanted to ensure that he would get his money back. He agreed to lend Toady and Froggy the money in return for a payment of $10 000 per year out of the gross returns of the cafe. The terms of the loan also provided that Toady and Froggy would consult Betelgeuse about any major contracts entered into by the business and gave him a right to inspect the accounts at regular interval.

Required:

a. Discuss whether or not a partnership exists between Toady, Froggy and Betelgeuse?

b. Would it make any difference if the terms of the loan provided for Betelgeuse to be paid $10 000 per year out of the profits of the business?

In: Operations Management

TzeMay was one of the first women engineering students at ABC University. She graduated in 1995...

TzeMay was one of the first women engineering students at ABC University. She graduated in 1995 with a first class honours degree and immediately continued her studies with an MSc programme, gaining recognition for her work into environmentally friendly car engines, a largely untapped field in those days. On completion of her Masters degree she was offered a post as a research assistant where she could have developed her Masters research and worked towards her doctorate. However she decided that she needed to gain some commercial experience and joined Wallace-Price, a blue-chip engineering consultancy where, apart from a sponsored year out to study for an MBA in the United States of America, she has remained ever since.

Her tenacity and loyalty to Wallace-Price have paid off and she was made a partner in the firm, primarily responsible for bringing in work to the consultancy. With the promotion came various executive privileges including an annual salary of £80, 000, a chauffeur-driven car, free use of one of the company-owned London flats, a non-contributory pension scheme, various gold credit cards and first-class air travel. TzeMay herself would not describe these as benefits, however, but as necessities to enable her to do her job properly. In order to meet her business target of £2 million of work for Wallace-Price she spent forty weeks overseas, working an average of ninety hours a week.

She cannot remember the last time that she had a weekend when she was not entertaining clients or travelling but was totally free to indulge herself. During her time with Wallace-Price she has earned a reputation both as a formidable but honest negotiator and as an innovative engineer, often finding seemingly impossible solutions to problems. Known for her single-minded dedication to her job, she does not suffer fools gladly. She is frequently approached to work for rival firms with promises of even greater privileges and has been the subject of numerous magazine profiles, some concentrating on her work and reputation as a high flier but the majority focusing on her gender. Her fortieth birthday last year was spent alone in the Emergency Room of a Los Angeles hospital where she had been rushed with a suspected stomach ulcer. Deprived of her portable telephone, fax and computer she had little else to do but to reflect on her life thus far. On her return to health she was working her way through the pile of technical journals, which had accumulated during her absence and there she saw the advertisement for ABC University, an institution that had close links with her company and whose Professor of Engineering she knew well. Ignoring the instructions relating to applications she put through a telephone call to the ABC University.

Question 1 : Making reference to the appropriate theories of motivation, explain TzeMay‟s main motivating factors.

In: Operations Management

Explain what is meant by the Theme Park internal and external business environment and use the...

Explain what is meant by the Theme Park internal and external business environment and use the acronym P.E.S.T with appropriate examples to clarify your explanation.  Also, discuss using how new rides can be both interactive and educational.

In: Operations Management

Consider the following linear programming problem: Maximize 10X + 8Y Subject to: 40X + 24Y <=...

Consider the following linear programming problem:
Maximize 10X + 8Y
Subject to: 40X + 24Y <= 600
20X + 30Y <= 480
all variables >= 0

In: Operations Management

Think about a company you have worked for, either currently or in the past. Reflect upon...

Think about a company you have worked for, either currently or in the past. Reflect upon the corporate culture with respect to the practice of ethics within the organization. What was leadership's role in establishing this culture within the organization? How did power and motivation relate to the degree of ethical conduct?

In: Operations Management

1) X Bank has $1 million in new funds that must be allocated to mortgage (home)...

1) X Bank has $1 million in new funds that must be allocated to mortgage (home) loans, personal loans, and automobile loans. Assume that X Bank will allocate all the funnd. The annual rates of return for the three types of loans are 8% for home loans, 9% for personal loans, and 11% for automobile loans respectively. The bank’s planning committee has decided that at leat 30% of the new funds must be allocated to the mortgage loans. In addition, the planning committee has specified that the amount allocated to personal loans cannot exceed 50% of the amount allocated to automobile loans.

a) Formulate a linear programming model that can be used to determine the amount of funds X Bank should allocate to each type of loan in order to maximize the total annual return for the new funds.

b) Solve the problem with Excel and find the optimal solution and Interpret your result.

c) What are the objective coefficient ranges for the three components? Interpret these ranges.

d) What are the right-hand-side ranges? Interpret these ranges. e) If more amount could be allocated to loans, how much would it be worth?

Note :Be fast pls i love chegg i need interpretion part because so important :)

In: Operations Management

Outline the three different parts of the Theme Park product. Explain why the product lifecycle of...

Outline the three different parts of the Theme Park product. Explain why the product lifecycle of the Theme Parks steeps early very quickly. Disney theme park product is the responsibility of “Disney Imagineers” who are they and what are interactive products? (give examples where possible)

In: Operations Management

What are the advantages and disadvantages of having multiple suppliers for a given medical device component...

What are the advantages and disadvantages of having multiple suppliers for a given medical device component or medical device material? How does having multiple suppliers impact lean manufacturing principals?

In: Operations Management

Review the discussion question and answer below. Do you agree with the answer? why or why...

Review the discussion question and answer below. Do you agree with the answer? why or why not? Give your opinion.

Discussion Question:

1. Suppose an employer gives employees an insurance discount based on number of hours of physical fitness activities. Who benefits from the program? Who is harmed? Is this ethical?

2. Suppose an employer charges all employees the same premium, regardless of their health habits, Who benefits? Who is harmed? Is this ethical?

Answer:

1) In such a scenario, all the concerned parties, i.e the employer , insurance company and the employees will benefit from the program. When the employee is encouraged to participate in physical activities, it would help in improving the health and wellness of the employee. Also, the employee would receive discounts on their insurance program. The improvement in health will lead to an increase in the productivity of the employee and make him more efficient at the workplace. This could be due to the fact that a healthy body leads to a healthy mind, which in turn will lead to fewer episodes of absenteeism from workplace on account of ill health.

These benefits due to a better health benefit both the employee and the employer. Also, the insurance company will be benefit as they would have lesser insurance claims to settle on account of ill health.

However, if the organization imposes extreme methods to encourage physical fitness or expects the employees to follow rigorous physical activities in order to claim the discounts then it could prove to be detrimental to both the employer and the employee. It is a known fact that people tend to dislike imposition of extreme forms of physical activities. Under such a scenario, employees would feel burdened with the program and will lose enthusiasm towards the workplace. The employer will also be at loss. Employer could lose talented employees and also the organization will have to incur monetary losses in case the program fails.

The program can be ethical if the limits and the conditions to qualify for discounts, the kind of physical activity expected, the amount of physical activity expected etc is discussed and implemented after consultation with the employees. If the physical fitness activities are left to the discretion of the employees without much interference from the organization, then it may be ethical.

However, if the organization is the sole planner of the entire program and imposes difficult and strenuous physical activities to be completed or threatens the employees with fines or other punishments for refusing to participate in the program then it can be unethical and harmful to both the employer and the employee.

2)  When an employer charges same premium regardless of health habits it is beneficial to the employer and employee. It provides full premium to the employee and any sudden health problems can also be covered as health will not be the same always. This also makes everyone in the company equal and gives equal rights and benefits to everyone which is also ethical.

In: Operations Management

What is the RxNorm definition, unique identifier and relationship

What is the RxNorm definition, unique identifier and relationship

In: Operations Management

What are the differences and similarities between Lean Design and DFM, DFA, and DFMA?

What are the differences and similarities between Lean Design and DFM, DFA, and DFMA?

In: Operations Management

Waste elimination and process improvement can be applied to virtually any process. Identify a process at...

Waste elimination and process improvement can be applied to virtually any process. Identify a process at work or school or home that you feel lends itself to waste elimination. You should first characterize the process, noting the value added and non-value added activities. Can the non-value added activities be eliminated? The value added activities should be examined and analyzed for potential improvements. Describe the system as it exists and as you think it should be. Describe how you went about identifying and eliminating waste?

In: Operations Management

Here is your chance to analyze an actual co-worker conflict situation and make suggestions on how...

Here is your chance to analyze an actual co-worker conflict situation and make suggestions on how to positively resolve this issue.

The #1 people issue I have is with a younger employee who has been speaking over me in meetings with external vendors.

I approached one of my co-workers to ask if they noticed it as well and they said of course - they were actually angrier than I was.

During the next few meetings I attempted different techniques to see if she'd notice she was talking over me but it was still happening. Eventually I pulled her aside and told her the issue I was having with her during meetings and explained it made us look unprofessional.

It worked for a few months but she ended up going back to her old ways. From then on, whenever she spoke over me in meetings, I would stop talking immediately and let her finish her sentence.

Sometimes she got flustered and would look back to me to finish up her thoughts but I wouldn't cut in.

I hope it reflected negatively on her, and not myself or the company.

  1. The employee relaying her upset used 2 conflict styles. What are they and discuss their effectiveness in this situation? .
  2. What is probably the root of this employee’s discontent? As well, why do you suppose the younger employee is interrupting this employee? Your answer will need to dig below the surface statements.
  3. As the manager of these two employees, how would you resolve this conflict? State the conflict resolution style you will use and the specific steps you will take.

In: Operations Management