Monsanto sells genetically modified seed to farmers. It needs to decide how much seed to put into a warehouse to serve demand for the next growing season. It will make one quantity decision. It costs Montanso $7 to make each kilogram (kg) of seed. It sells each kg for $46. If it has more seed than demanded by the local farmers, the remaining seed is sent overseas. Unfortunately, it only earns $3 per kg from the overseas market (but this is better than destroying the seed because it cannot be stored until next year). If demand exceeds its quantity, then the sales are lost—the farmers go to another supplier. As a forecast for demand, it will use a normal distribution with a mean of 325,000 and a standard deviation of 100,000. Use Table 13.4
A. How many kilograms should Monsanto place in the warehouse before the growing season? use table 13.2 and round up rule.
B. If Monsanto put 375000 kgs in the warehouse, what is the expected revenue (include both domestic revenue and overseas revenue)? Use table 13.4 and round-up rule.
C. How many kilograms should Monsanto place in the warehouse to minimize inventory while ensuring that stockout probability is no greater than 5%? Use table 13.4 and round-up rule.
D. What is maximum profit for this seed?
In: Operations Management
In both Star Wars and Star Trek, futurist movies, there is not a lot of decentralized governments, but instead, there are the Universal Federation of Planets (star trek) and The New Republic versus the Empire (star wars).
Do you believe these are realistic? Find some youtube or watch some of the movies if you don't know about these..
Write 2-3 paragraphs discussing global leadership between countries in the future, and what potential pros and cons you might expect if we changed into a Universal Federation of Planets type of government.
In: Operations Management
My product is swimwear
In: Operations Management
1) Explain where and how chatbots might be effective in Higher Education (feel free to focus on the University of Akron), and
2) How you would feel about the University using them in this manner.
In: Operations Management
What are the advantages and disadvantages of Blue Ocean Strategy? Is this a viable strategy for companies today? Why or why not?
In: Operations Management
What are the ideal characteristics of a community trauma response for a team member
In: Operations Management
Phil, having exhausted all other appeals in his complaint, called Beth, the compliance officer, to speak with her about a decision that the human resources department had made that he believed was out of compliance with the Federal Equal Pay Act. The office assistant, Mary, stated, “Beth will not be in the office until next week.” Phil then scheduled a telephone conference with Beth for the following week. He asked Mary, “Will my telephone conference with Beth remain confidential?” Mary said, “Most certainly. Our office is here for you. Everything in our office is confidential.”The following week Phil called Beth to discuss his concern that certain professionals were performing the same work as he was and were getting paid more. He described the specifics of his concern. Beth asked, “Is it OK for me to reveal your name to human resources so I can obtain the necessary records that I would need from them to see if you are being paid equally to others for the same work?” Phil agreed to Beth’s request. During his discussion with Beth, Phil discussed several other corporate leadership concerns with her and asked that his conversations remain confidential. Beth replied, “If you wanted confidentiality, then you should have asked for it before speaking to me.” Phil replied, “Confidentiality was promised prior to our discussion and I am surprised at your response.” Beth replied, “Well, you are wrong.”
What lessons could employees learn from Phil’s experience? 2. Discuss how this scenario could have ended with a win-win conclusion for both the employee and the compliance office
In: Operations Management
Do you agree with your assessment of your most preferred style? How about your results on your secondary style?
b. Referring to the material presented in the chapter, identify the strengths and weak- nesses of your style.
c. Identify the styles you enjoy working with best. Identify the styles you enjoy work- ing with least.
d. Refer to page 86. Can you identify those behaviors you tend to exhibit when you feel stressed?
In: Operations Management
Marlena transferred
from one unit in state government to a smaller unit consisting of
four team members. She took her vacation immediately after her
transfer was announced. The agency lease is set to expire in June
2020. However, the landlord requested Marlena's company move to
their new location in July 2019. On her first day back from
vacation, Marlena learned that her office cubicle had been
dismantled and she was moved into a conference room to share with
ten additional coworkers.
Two of the coworkers talk incessantly and one plays music on his
cell phone. Marlena is frustrated and makes a complaint to her new
supervisor, Bill, requesting to be moved immediately. According to
Marlena, no notification was sent explaining this new move or the
potential disruption in workspace. Bill is unsure on how to respond
since he is unaware of prior communication with Marlena and her
previous supervisor as he just returned from vacation
himself.
Should Bill involve senior staff in his decision? Choose all that
apply.
Select one or more:
a. Yes, Bill should inform the director of the company.
b. Yes, Bill should find out from Marlena's previous supervisor if it is appropriate to move Marlena.
c. Yes, Bill should consult other team members transitioning the conference room.
d. No, Bill has the information to make the decision on his own.
Question text
Bill is a deputy director for a public-sector employer, overseeing approximately 200 employees. He has been with the company for 30 years. One of Bill’s managers, Irene is having difficulty with an employee, Danny, a white male in his 30s.
Irene is also white.
Danny has been saying inappropriate things to his all-female team about their clothing. Bill is also white. The female coworkers are Hispanic and African-American. Bill tells Irene to handle it. Irene attempts to, but is looking to Bill for guidance. Bill says that he is uncomfortable and instructs Irene to handle it, again. In the meantime, the coworkers continue to feel harassed by Danny and his use of offensive language.
What could benefit this team? Choose all that apply.
Select one:
a. More diversity with regard to race and gender
b. E-learning modules with respect to the appropriate conduct in the workplace
c. Terminating Danny for his inappropriate behavior, if his behavior violates the human resources policy
d. All of the above
Bill is a deputy director for a public-sector employer, overseeing approximately 200 employees. He has been with the company for 30 years. One of Bill’s managers, Irene is having difficulty with an employee, Danny, a white male in his 30s.
Irene is also white.
Danny has been saying inappropriate things to his all-female team about their clothing. Bill is also white. The female coworkers are Hispanic and African-American. Bill tells Irene to handle it. Irene attempts to, but is looking to Bill for guidance. Bill says that he is uncomfortable and instructs Irene to handle it, again. In the meantime, the coworkers continue to feel harassed by Danny and his use of offensive language.
What guidance should Bill be providing to Irene? Choose all that apply.
Select one:
a. Skills to deal with Danny
b. Support for the team
c. Nothing, Irene needs to handle this herself
d. Nothing, the employees are too sensitive
Question text
Kane was accepted into the study abroad program at Boston University for the fall semester and has to leave her home in Japan by mid-August. Kane was honored to be accepted into the program, but nervous about traveling to Boston as she has never left Japan. On her way to her new apartment she stopped at the nearest grocery store for some dinner. When she jumped off the bus she noticed that there were people in front of the grocery store, but continued to walk by. They began screaming at Kane, yelling at her for shopping there and not supporting the workers. Kane was so upset by the situation and quickly purchased a few items and left crying. When she got to her apartment she quickly looked at the internet and realized that the workers were on strike, unhappy with their wages, and lacked support by the owners.
Which of the following options would indicate a barrier in communication?
Select one:
a. One of Kane's friends tries to explain the situation to her. However, based on her experience, Kane believes that all people in Boston are aggressive.
b. Kane feels that since she is from Japan, she knows more about fair wages and fair trade than the locals.
c. Both
d. Neither
In: Operations Management
Parries Confectionery Company is considering the introduction of
a new toffee. It requires four
processes: A, B, C, and D in sequence. The equipment required for
each process is available in
the company now and is dedicated to the production of another type
of candy. Although some
capacity is available on all the equipment types, management is not
sure whether they need to
buy additional pieces. To aid management in decision making, the
following information is
available:
(a) The four pieces of equipment—one for each type—are available
50% of the time.
(b) The company operates one shift per day (8 hours) and 250 days
per year.
(c) If the company decides to produce toffee, then it must
allocate half a day for candy production
and the remaining half day for toffee.
(d) The time required for equipment setup, cleaning, and
maintenance and scrap rate (i.e.,
spillage, production items that do not meet shape and other quality
standards and hence
must be discarded, etc.) for each process is given in Table
2.6.
Table 2.6 Production Data for Parries Confectionery:
Process/Equipment | ||||
Time (in seconds) | A | B | C | D |
Setup/maintenance/cleaning per setup | 1800 | 2700 | 600 | 1000 |
Processing time per unit | 25 | 4 | 2 | 4 |
Scrap rate(%) | 10 | 5 | 1 | 1 |
(e) The demand for toffee is expected to be 1,000,000 per year. If
1,000,000 toffees are required
to be made per year, determine how many input and output units are
required for each
process.
(f) Determine whether the company can produce the new toffee with
the available equipment.
If not, how many pieces of each equipment must Parries purchase?
Show your calculations.
(g) The company can operate half a second shift by using 15
employees who must be paid an
overtime salary of $20 per hour. The overhead expenses are
estimated to be $10,000. It is
known that equipment for processes A, B, C, and D cost $50,000,
$200,000, $100,000, and
$100,000, respectively. Is it better to operate the (half) second
shift or purchase necessary
additional equipment. Explain your answer.
Pls Be clear especially (g)
In: Operations Management
write a memo with 120 words. with the situation (a) in the format memo tamplet bellow.
Format
Memo Template
Logo Memorandum To: ………………..……. From: ………………………. Date: ………………………. Subject: ………………………. Introductory paragraph(s) (Putting the issue forward) Steps of action in bulleted form (start with action verbs)
Explanation of the benefits of the reader (customer) if the suggested steps are taken. Hopeful Note |
In: Operations Management
The following is data on the Survey of Study Habits and Attitudes (SSHA) scores for 18 female college students. The test evaluates motivation, study habits, and attitudes toward school. Create an appropriate frequency distribution to describe the data set. Interpret the results.
how to input into excel
Student # | Score |
1 | 154 |
2 | 109 |
3 | 137 |
4 | 115 |
5 | 152 |
6 | 140 |
7 | 154 |
8 | 178 |
9 | 101 |
10 | 103 |
11 | 126 |
12 | 126 |
13 | 137 |
14 | 165 |
15 | 165 |
16 | 129 |
17 | 200 |
18 | 148 |
In: Operations Management
Answer the following questions based on again/elderly
6 What is the generational equity debate? What does this debate say about inheritance?
7 Can you describe some of the effects of race, class and gender on aging?
8/9 Should age or need be the basis for entitlement? Give the arguments that could be made and also your own view
10 What are the effects of politics, networking, interest groups on our current views of aging?
In: Operations Management
Excel please I don't know how to do it.
6-13. From a sample of 22 graduate students, the mean number of months of work experience prior to entering an MBA program was 34.86. The national standard deviation is known to be 19 months. What is a 95% confidence interval for the population mean? Compute the confidence interval using the appropriate formula and verify your results using the Excel Confidence Intervals template.
6-15. A survey of 26 college freshmen found that they average 6.85 hours of sleep each night. A 90% confidence interval had a margin of error of 0.497.
a. What
are the lower and upper limits of the confidence interval?
b. What was the standard deviation, assuming that the population
standard deviation is known?
In: Operations Management
Please answer this in around 300 words. No copy and paste from another source. Explain why the process of new product development is frequently represented as a linear process and why this does not reflect reality?
In: Operations Management