Questions
What impact do you think permitting employees to use their own mobile devices to perform company...

What impact do you think permitting employees to use their own mobile devices to perform company work has on the job satisfaction of these employees? Would it improve productivity? Why or Why Not? What other concerns could arise?

In: Operations Management

Wilson Manufacturing Inc. manufactures components for large vehicle and equipment assembly. One of these components is...

Wilson Manufacturing Inc. manufactures components for large vehicle and equipment assembly. One of these components is a large metal shock support bracket. The machining process involves feeding metal plates into a large milling machine, creating threaded holes, cutting to final shape and trimming to length.

  • Each bracket weighs 2.5 pounds
  • An average of 100,000 brackets are sold per month
  • The scrap rate from this operation is 4%, mostly resulting from misalignment of the steel plate in the machining fixture
  • Material costs are $600 per ton
  • It takes 6 minutes of labor at a rate of $20 per hour to produce one bracket

a)     How many brackets must be produced per month to meet the sales demand?

b)     What annual savings would result from decreasing the scrap rate from 4% to 3%?

In: Operations Management

Do research on the Web to learn the history of the PERT technique and identify some...

Do research on the Web to learn the history of the PERT technique and identify some of the early projects that used this technique.

In: Operations Management

Discuss whether it is ethical for a leader to go undercover at work? Why or why...

Discuss whether it is ethical for a leader to go undercover at work? Why or why not? At what point should they tell the employee who they are? If they observe something that goes against the company’s mission, which conflict intention/style would you suggest they use?

In: Operations Management

Does a firm's Purchasing Department (sometimes known as Procurement Department) play a role in an industry's...

Does a firm's Purchasing Department (sometimes known as Procurement Department) play a role in an industry's supply chain of today? What do they mean by upstream and downstream in a supply chain?

In: Operations Management

How is Modern technology utilization benefit for the reserch?

How is Modern technology utilization benefit for the reserch?

In: Operations Management

Do research to identify the three leading electronic health record (EHR) systems. Go on social media...

Do research to identify the three leading electronic health record (EHR) systems. Go on social media and find comments from the users of these systems. If you were leading a project team to select an EHR system for a large hospital, which one would you choose? Why?

In: Operations Management

How can risk management be described as a process? Discuss portfolio of risk management with suitable...

  1. How can risk management be described as a process? Discuss portfolio of risk management with suitable examples.   

  1. Risk analysis after risk recognition is a complete step for risk management. If not, then discuss complete steps of risk management.

  1. What do you understand by risk management approaches? Give your opinion on each approach as to whether they are perfect to manage the risks?

  1. What do you mean by risk aversion? Discuss about your attitudes of risk with evidences and examples.

  1. Discuss all attitudes of an individual with risk premium impacts.

Short essay ( only one paragraph for every question ).

In: Operations Management

Q3. After graduating from college, Rachel and Payton start selling birdhouses made from recycled plastic. The...

Q3. After graduating from college, Rachel and Payton start selling birdhouses made from recycled plastic. The idea has caught on, as shown by the following sales figures:

Month

Demand

March

2200

April

2240

May

1790

June

4270

July

3530

August

4990

a. (3pts). Develop a forecast model for June through September by using an adjusted exponential smoothing model with α=0.5 and β=0.3. Assume that the unadjusted forecast (Ft) for May was 2,000 and the trend factor (Tt) for May was 700.

Month

Unadjusted exponential smoothing model

Trend factor (Tt)

Adjusted exponential smoothing model

March

April

May

2000

700

June

July

August

September

B (3 pts). Calculate the tracking signals for periods June through August.

Actual demand

Adjusted exponential smoothing model

Forecast error

Absolute deviation

i=1nFEi

MAD

Tracking signal

June

4270

July

3530

August

4990

In: Operations Management

As a Compliance Officer, you are considered a leader in your organization. How can you contribute...

As a Compliance Officer, you are considered a leader in your organization. How can you contribute to making the employees feel safe? Please respond in terms of your compliance course materials.

In: Operations Management

International Codes: •The best starting point in the further development of standards for international business is...

International Codes:

•The best starting point in the further development of standards for international business is self-regulation by business within the guidelines and standards that already exist.

•The UN Global Compact with business was proposed by the UN secretary-general in January 1999.

•The Compact challenges business to work with other companies, UN agencies, and nongovernmental organizations (NGOs) to support and implement ten basic principles stated in the Compact.

• The basic principles deal with respecting human rights, labor standards, protecting the environment, and eliminating corruption.

•The ILO is a specialized agency of the UN that has set up principles governing labor standards.

•The Caux Principles were launched in 1995.

•These principles emerged from a series of dialogues among a group of European, Japanese, and American firms.

•The principles are rooted in two basic principles:

–the Japanese principle of kyosei (working together for the common good); and

–the Western notion of the dignity and value of each human person as an end and not simply as a means to be used by others.

THE QUESTION IS : Talk more about it and the role of multinational corporations with giving examples .

In: Operations Management

Processing new accounts at a bank is intended to average 10 minutes each. Five samples of...

Processing new accounts at a bank is intended to average 10 minutes each. Five samples of four observations each have been taken. Use the sample data below, construct a X-bar and a R (range) chart.

Sample 1

Sample 2

Sample 3

Sample 4

Sample 5

10.2

10.3

9.7

9.9

9.8

9.9

9.8

9.9

10.3

10.2

9.8

9.9

9.9

10.1

10.3

10.1

10.4

10.1

10.5

9.7

Total

40

40.4

39.6

40.8

40

Mean

10

10.1

9.9

10.2

10

X= 10.4

Range

0.4

0.6

0.4

0.6

0.6

R= 0.52

  1. Determine the mean and range of each sample in above table.

Mean : 10.0+10.1++9.9+10.2+10/5=10.4

Range : 0.4+0.6+0.4+0.6+0.6+0.6/5=0.52

  1. Compute the average mean (X) and average range (R ) in above table.

  1. If the standard deviation of population is known as 0.25, compute upper and lower limits for a X chart.
  1. If the standard deviation of population is unknown, compute upper and lower limits for a X chart. (Obtain the Factor from the Factor table and use it in calculation)

  1. Compute the upper and lower limits for a R chart. (Obtain the Factor from the Factor table and use it in calculation)
  1. Construct (Draw) a X chart and R chart for this process with three-sigma limits. Is the process in control?


In: Operations Management

Discuss a real life example of a business process and explain how the knowledge processes are...

Discuss a real life example of a business process and explain how the knowledge processes are embedded in the business process. Hence, comment on the effectiveness for ONE of the knowledge processes as identified in the example and propose a knowledge management system (KMS) to improve it.

In: Operations Management

What does Tesla need in order to execute their plan selling their cars direct to the...

What does Tesla need in order to execute their plan selling their cars direct to the customer.
What resources do they need?
How would they do it?
Explain in your own words.

In: Operations Management

1. What is the difference between forward integration and backward integration? a. Backward integration involves distribution...

1. What is the difference between forward integration and backward integration?

a. Backward integration involves distribution and sale; forward integration involves raw material production.
b. Both involve adding value after a product is manufactured.
c. Forward integration involves distribution and sale; backward integration involves raw material production.
d. Backward integration involves stripping value at each stage; forward integration adds value at each stage of the chain.


2. A fitness activity tracker company has the largest market share out of its competitors. One of the company's biggest competencies is figuring out how to deliver the most accurate data based on the way it programs the trackers to read the movement of those wearing them. Researchers have discovered a breakthrough in how to apply the technology to pets. Another company has already released an activity tracker for house cats. The company wants to release a line for both dogs and cats at a higher price point than its competitor. The company differentiates its new product in the trackers' ability to decipher the moods of the pet based on its heart rate. It believes consumers are willing to pay the extra amount because pet lovers are always trying to figure out the moods of their pets anyway. Through this new release, how will the company be implementing a corporate-level strategy that will lead to an increase in its competitive advantage?

a.The pet tracker has increased differentiation from its competitor, and its price point will lead to increased profitability.
b. The pet tracker has increased differentiation from its competitor, even though its price point will not likely lead to increased profitability.
c. The pet tracker has decreased differentiation from its competitor, but its price point will lead to increased profitability.
d. The pet tracker has decreased differentiation and a lower price point than its competitor.


3. A cell phone company has decided to have an independent human resources company perform its human resources functions. This arrangement is cheaper for the cell phone company and alleviates the need to build up its own human resources department. The cell phone company is participating in:

a.strategic alliance.
b. strategic outsourcing.
c. short-term contracting.
d. long-term contracting.



4. The principal goal of corporate-level strategy is to enable a company to:

a.promote its competitive disadvantage and profitability in its present business.
b. keep a company from promoting its competitive advantage and profitability in its present business.
c. promote its competitive advantage and profitability in only its future business.
d. promote its competitive advantage and profitability in its present business.

5. Staying within one industry through horizontal integration enables a company to allocate which resources and capabilities to compete in one area?

a.Backward in the value chain
b. Core and specialized suppliers not owned by the company
c. Managerial, financial, technological
d. Specialized assets, customers, and suppliers

6. An American car maker and a Japanese car maker have entered into a strategic alliance. Both have valuable technology that they need in order to perform their aspect of the manufacturing process for particular lines of vehicles. Since both need each other's technology, it is unlikely the other will use the proprietary information about the other to take advantage for fear of their own technology becoming disclosed. To guarantee that each partner maintains the agreement, the two companies are participating in:

a.parallel sourcing policy.
b. hostage taking.
c. quasi integration.
d. credible commitment

In: Operations Management