Questions
The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well...

The global marketplace has witnessed an increased pressure from customers and competitors in manufacturing as well as service sector (Basu, 2001; George, 2002).Due to the rapidly changing global marketplace only those companies will be able to survive that will deliver products of good quality at cheaper rate and to achieve their goal companies try to improve performance by focusing on cost cutting, increasing productivity levels, quality and guaranteeing deliveries in order to satisfy customers (Raouf, 1994).

Increased global competition leads the industry to increasing efficiency by means of economies of scale and internal specialization so as to meet market conditions in terms of flexibility, delivery performance and quality (Yamashina, 1995). The changes in the present competitive business environment are characterized by profound competition on the supply side and keenindecisive in customer requirements on the demand side. These changes have left their distinctive marks on the different aspect of the manufacturing organizations (Gomes et al., 2006). With this increasing global economy, cost effective manufacturing has become a requirement to remain competitive.

To meet all the challenges organizations try to introduce different manufacturing and supply techniques. Management of organizations devotes its efforts to reduce the manufacturing costs and to improve the quality of product. To achieve this goal, different manufacturing and supplytechniques have been employed. The last quarter of the 20th century witnessed the adoption of world-class, lean and integrated manufacturing strategies that have drastically changed the way manufacturing firm’sleads to improvement of manufacturing performance (Fullerton and McWatters, 2002).

Consult chapter 7 of your text book or secondary available data on internet and answer the following questions.

  1. Assess the reasons for using lean thinking (suitable examples),what are the benefits from Suppliers to end users?

In: Operations Management

Complete with detailed information:- Write an example of the following: •         Open ended question •         Close-ended ordered question...

Complete with detailed information:-

Write an example of the following:

•         Open ended question

•         Close-ended ordered question

- Likert scale

- Semantic differential

•         Close-ended unordered question

•         Partially close-ended question

•         Branching question with 3 parts

In: Operations Management

Johnson Matthey Battery Use the VRIO framework to identify the competitive position held by your firm.  Which...

Johnson Matthey Battery

  1. Use the VRIO framework to identify the competitive position held by your firm.  Which of these resources are helpful in sustaining the firm’s competitive advantage?  Why is each important?

In: Operations Management

People who serve alcohol to others take a risk. In some legal circumstances, they can be...

People who serve alcohol to others take a risk. In some legal circumstances, they can be held legally responsible for the actions of the people they serve.

Is this fair? Should an intoxicated person be the only one liable if harm results? If not, in what specific circumstances is it fair to stretch liability to other people?

Please answer with IRAC :)

In: Operations Management

Daily high temperatures in St. Louis for the last week were as​ follows: 9595​, 9191​, 9393​,...

Daily high temperatures in St. Louis for the last week were as​ follows:

9595​,

9191​,

9393​,

9494​,

9595​,

8686​,

9090

​(yesterday).

​a) The high temperature for today using a​ 3-day moving average ​=

degrees ​(round your response to one decimal​ place).

​b) The high temperature for today using a​ 2-day moving average ​=

degrees ​(round your response to one decimal​ place).

​c) The mean absolute deviation based on a​ 2-day moving average​ =

degrees ​(round your response to one decimal​ place).

​d) The mean squared error for the​ 2-day moving average​ =

degrees squareddegrees2

​(round your response to one decimal​ place).

​e) The mean absolute percent error​ (MAPE) for the​ 2-day moving average​ =

​(round your response to one decimal

place​).

In: Operations Management

Assume you are a shareholder for a manufacturing company in a small town far from your...

Assume you are a shareholder for a manufacturing company in a small town far from your home. Would you be willing to trade polluting the environment in that one town for an increase in firm profits? Explain for me why or why not. If the CEO of the company decided not to pollute the environment and profits decreased as a result, how should the firm market that decision to you and other stakeholders? What info is needed?

In: Operations Management

Question #1: As we learned in prior classes, the first step of implementing strategic management is...

Question #1: As we learned in prior classes, the first step of implementing strategic management is environmental scanning. Please conduct some general web search to determine, as of 2007, if the United States auto market would be attractive to Chery. [You can look at the growth of cars sold in the united around that period]

Question #2: If Chery were to go solo (without having a partner) in entering the United States to market its compact passenger vehicles, what would be the biggest selling point? And please evaluate the potential challenges it would face vis-à-vis the following aspects

Production

Marketing

Institutional relation (environmental and regulatory)

The speed of entry into the U.S

Question #3: Based on Case (A), what could Chrysler get out of the intended alliance with Chery? (benefits) Would there be any unintended consequences for Chrysler? (risks)

Question #4: Case (B) mentioned Jaguar Land Rover (JLR) and BMW both entered through forming a joint venture with local partners. Why would they pursue such an entry mode

Question #5: Please suggest an alternative mode of entry to Chery with justifications.

In: Operations Management

If you were put in charge of marketing at a small business in your hometown. What...

If you were put in charge of marketing at a small business in your hometown. What CSR or sustainability strategies would you consider for that business? What was the reason for selecting these strategies?

In: Operations Management

Blair & Rosen, Inc. (B&R) is a brokerage firm that specializes in investment portfolios designed to...

Blair & Rosen, Inc. (B&R) is a brokerage firm that specializes in investment portfolios designed to meet the specific risk tolerances of its clients. A client who contacted B&R this past week has a maximum of $55,000 to invest. B&R's investment advisor decides to recommend a portfolio consisting of two investment funds: an Internet fund and a Blue Chip fund. The Internet fund has a projected annual return of 17%, while the Blue Chip fund has a projected annual return of 8%. The investment advisor requires that at most $25,000 of the client's funds should be invested in the Internet fund. B&R services include a risk rating for each investment alternative. The Internet fund, which is the more risky of the two investment alternatives, has a risk rating of 5 per thousand dollars invested. The Blue Chip fund has a risk rating of 4 per thousand dollars invested. For example, if $10,000 is invested in each of the two investment funds, B&R's risk rating for the portfolio would be 5(10) + 5(10) = 100. Finally, B&R developed a questionnaire to measure each client's risk tolerance. Based on the responses, each client is classified as a conservative, moderate, or aggressive investor. Suppose that the questionnaire results classified the current client as a moderate investor. B&R recommends that a client who is a moderate investor limit his or her portfolio to a maximum risk rating of 240.

(a)

Formulate a linear programming model to find the best investment strategy for this client.

Let I

= Internet fund investment in thousands

B

= Blue Chip fund investment in thousands

If required, round your answers to two decimal places.

- Select your answer

Max

I

+

B

s.t.

0.17I

+   

B

55

1I

+

1B

(?)Maximum investment in the internet fund

(?)I

+

(?)B

240

I, B

0

(b)

Build a spreadsheet model and solve the problem using Solver. What is the recommended investment portfolio for this client?

Internet Fund

=   

$

Blue Chip Fund

=

$

What is the annual return for the portfolio?

$

(c)

Suppose that a second client with $55,000 to invest has been classified as an aggressive investor. B&R recommends that the maximum portfolio risk rating for an aggressive investor is 350. What is the recommended investment portfolio for this aggressive investor?

Internet Fund

=   

$

Blue Chip Fund

=

$

Annual Return

=

$

(d)

Suppose that a third client with $55,000 to invest has been classified as a conservative investor. B&R recommends that the maximum portfolio risk rating for a conservative investor is 150. Develop the recommended investment portfolio for the conservative investor.

Internet Fund

=   

$

?Blue Chip Fund

=

$

Annual Return

=

$

In: Operations Management

perform a 5 forces analysis for Ryanair

perform a 5 forces analysis for Ryanair

In: Operations Management

Why are apprenticeship programs attractive to employees? Why are they attractive to companies? PLEASE USE OWN...

Why are apprenticeship programs attractive to employees? Why are they attractive to companies?

PLEASE USE OWN WORDS

In: Operations Management

What is the future of business analytics? Provide at least three reasons to support your argument....

What is the future of business analytics? Provide at least three reasons to support your argument. Provide a minimum of three references.

In: Operations Management

What group of advisors comprised of the Secretaries of large federal agencies advise the President? Group...

What group of advisors comprised of the Secretaries of large federal agencies advise the President?

Group of answer choices

The Cabinet

The Central Executive Board

The Credenza

The U.S. Board of Control

When U.S. Federal and State laws conflict, which one are assumed to have precedence?

Group of answer choices

Federal laws

State laws

The law the U.S. Bar Association recommends

The law that voters prefer

How many years can members of the U.S. Congress serve altogether?

Group of answer choices

There are no term limits for members of the U.S. Congress

10 years

6 years

14 years

In: Operations Management

A cafeteria is using milk for its daily operations. Assume that the cafeteria is open 325...

A cafeteria is using milk for its daily operations. Assume that the cafeteria is open 325 days a year and its daily demand is estimated at 10 gallons. Carrying costs are $3 per gallon per year. Ordering costs are estimated at $25 per order. It takes 3 days for each order of flour to be filled.

  1. What is the Economic Order Quantity?
  2. Assume no safety stock is required, what is bakery reorder point?
  3. What is the Total Annual Ordering Cost?
  4. What's the number of optimal orders placed in a year?

In: Operations Management

Why the united States should not make $15.00 the minimum wage?

Why the united States should not make $15.00 the minimum wage?

In: Operations Management