CPG Bagels starts the day with a large production run of bagels. Throughout the morning, additional bagels are produced as needed. The last bake is completed at 3 p.m. and the store closes at 8 p.m. It costs approximately $0.20 in materials and labor to make a bagel. The price of a fresh bagel is $0.60. Bagels not sold by the end of the day are sold the next day as “day old” bagels in bags of six, for $0.99 a bag. About two-thirds of the day-old bagels are sold; the remainder are just thrown away. There are many bagel flavors, but for simplicity, concentrate just on the plain bagels. The store manager predicts that demand for plain bagels from 3 p.m. until closing is normally distributed with a mean of 60 and a standard deviation of 27.
b. Suppose that the store manager is concerned that stockouts might cause a loss of future business. To explore this idea, the store manager feels that it is appropriate to assign a stockout cost of $5 per bagel that is demanded but not filled. (Customers frequently purchase more than one bagel at a time. This cost is per bagel demanded that is not satisfied rather than per customer that does not receive a complete order.) Given the additional stockout cost, how many bagels should the store have at 3 p.m. to maximize the store’s expected profit? (Round your answer to the nearest whole number.)
To maximize the store's expected profit ___?
c. Suppose the store manager has 98 bagels at 3 p.m. How many bagels should the store manager expect to have at the end of the day? (Round your answer to the nearest whole number.)
Expected left over inventory ___?
In: Operations Management
Consider the following short cases. Connect each case with one of the three location techniques we talked about in class (linear programming, centroid or factor rating), answer the related question and explain why:
Lynn, Inc. is trying to locate a customer service center in a suburban area. They have population data for the various suburbs and villages around their area. They are interested in locating the center centrally with minimum distance between customers and the service center. In this technique two factors come into play – distance and _______. What is the missing word?
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Delicious Candy Company manufactures three types candy bars-Chompers, Smerks, and Delicious Chocolate. All three candies come in one-ounce size while Delicious Chocolate also comes in a one pound minibar bag. The basic ingredients used are chocolate, peanuts, and caramel. Delicious Chocolate is all chocolate, while Chompers consists of chocolate and caramel, and Smerks consists of chocolate, caramel and peanuts. Chompers’ recipe allows for the amount of caramel to be anywhere between 18% and 28% of the candy bar’s weight with chocolate making up the rest. Smerk’s recipe calls for an equal amount of caramel, and peanuts, with chocolate making up between 20% and 40% of the bar’s weight For each one-ounce bar, labor and packaging costs $0.012 while labor and packaging for the one-pound bag costs $0.039. The company has production facilities for making up to 20,000 one-ounce bars and up to 1000 one-pound bag daily. Delicious has contracts to produce at least 3000 one-ounce bars of each type of candy daily. Also the difference between the Chompers and the number of Smerks produced must be less than 10% of the total number of Chompers and Smekers made. The present prices for chocolate, caramel, and peanuts are $1.60, $0.95, and $1.40 per pound respectively. The company has contracts which will supply it with at least 1,000 pounds of chocolate, exactly350 pounds of caramel, and at most 500 pounds of peanuts daily. The company currently sells Chompers one-ounce bars for $ 0.14, Smerks one-ounce bars for $0.16, Delicious Chocolate one-ounce bars for $0.15, and Delicious Chocolate one-pound bags for $2.30. Formulate a linear program that would determine the optimal daily production schedule and ingredients required. (HINT: Variables must be established for each product type and the amount of each ingredient in each product.
In: Operations Management
Control Charts for Variables vs. Charts for Attributes
HW: Comment the following statement! Sometimes, the quality control
engineer has a choice between variable control charts and attribute
control
charts.
In: Operations Management
Scenario: You are CHRO at a large IT firm. Many employees are moonlighting (using company resources to work on side jobs), looking for work elsewhere, jockeying for political power, and behaving unethically. Around the time you become fully aware of these issues, the CEO suggests a widespread, heavy-handed performance appraisal/disciplinary program. Since you are not sure these behaviors are attributable to one or two “bad apples spoiling the bunch”, explain how you would plan for and execute strategic organizational change.
Be sure to: Consider the role of ethical leadership in creating an ethical culture
Define organizational culture
Describe the 3 factors that lead to culture formation and perpetuation
Describe the factors necessary to change this organization’s culture to one of ethical productivity
In: Operations Management
4. Many private security companies perform tasks similar to public law enforcement. Because of this, many security companies’ human resources departments seek applicants with similar backgrounds and experience that public law enforcement also desires. In a 500-word response, identify the skills and experience human resource managers in private security would seek in their applicants. Provide and explain two qualities of private security that would make the job more attractive to applicants than the public law enforcement. Provide and explain to issues or challenges human resource managers might face in applicants selecting private security over public law enforcement.
In: Operations Management
3. Many private security companies perform tasks similar to public law enforcement, and, because of that, much of the training of private security personnel is comparable to that of public law enforcement. In a 500-word response, compare and contrast the similarities and differences between the two entities. While much of their initial training may be similar, ongoing training for each entity is different. Evaluate the ongoing training of private security compared to public law enforcement. Critique three issues that cause shortfalls in private security and suggest ways these companies can overcome these shortfalls.
In: Operations Management
For collaborative meetings, should the boss be a part of the process? What should the role of the boss be within meetings?
In: Operations Management
i am waiting on the answer com on guys
Answer EXACTLY two qualitative question
Much has been said about the concept of “continuous improvement” and TQM. Please answer the following sub-questions:
In: Operations Management
Borchers, Inc. build several models of widgets. You’ve been assigned the task of creating an aggregate production plan based on the data below. Monthly demand is shown for January, February and March. Your firm follows a level production plan with 25 workers and has an outsource vendor that can produce up to 1,000 units a month. The table shows this level production plan (25 workers, 8 hours per day, 20 days per month = 4,000 hours = 4,000 units). Widgets conveniently require 1 hour of labor to produce. Labor costs $30 per hour on regular time (hence, a unit produced on regular time costs $30) and outsourced units cost $45. Inventory costs $5 per unit and backorders cost $10 per unit. Assume your goal is to minimize cost. Please keep ending inventory as low as possible. Complete the table, giving answers for each letter shown. Also, what do I mean when I say an “aggregate production plan”? What makes this plan “aggregate”?
*** You can simply list letters A, B, C, ... and put a number next to each one
| January | February | March | |
| Forecast Sales in units | 4,400 | 5,700 | 4,000 |
| Beginning inventory | 0 | A | B |
| Units Required | C (should be 4, Y00-beginning inventory) | D | E |
| Regular Production (8hrs420 days425 workers) = production | 4,000 | 4,000 | 4,000 |
| Subcontract - 1,000 maximum | F | G | H |
| Total Planned Units | I (should be 4,000 +F) | J | K |
| Ending Inventory | L (should be C-I) | M | N |
| Ending Backorders | Letter O | P | Q |
| Costs | |||
| Regular Production @ 30 | $120,000 | $120,000 | $120,000 |
| Subcontract @45 | R | S | T |
| Inventory @ 5 | U | V | W |
| Backorder @ 10 | 4 | 7 | Z |
| Total | AA | BB | CC |
In: Operations Management
In your own words, 700 words, write an analysis of Netflix's strategy, and how they implement/executing the strategies, and the management decisions.
In: Operations Management
In your own words, 700 words, write an analysis of Amazon's strategy, and how they implement/executing the strategies, and the management decisions
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When you develop a communications plan, research is of course vital. But what should you consider when you plan it? Think of this in two ways. First, how would you identify the things you need to know from research. Second, what constraints would you have to take into consideration as you zero in on what to do?
In: Operations Management
Your book states to be wary of "gut reactions." Do you agree with this? Why or why not? Can you think of any examples where these types of behavioral reactions were advantageous for a company
In: Operations Management
Week 13 | Discussion 1: Empathy - The Misunderstood Skill
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In the classic novel, To Kill a Mockingbird, Atticus Finch says to his daughter Scout: “If you can learn a simple trick, Scout, you’ll get along a lot better with all kinds of folks. You never really understand a person until you consider things from his point of view – until you climb into his skin and walk around in it.”1
Reference:
Empathy: The Misunderstood Skill
The Differences Between Sympathy, Empathy, and Apathy
The Three-Step Process of Using Empathy to Influence Behavior
Answer Part I - Use the following scenario to practice the three-step approach to empathy. Read the scenario, assume you are the team leader, and write an empathetic response using the three-step process.
Scenario
“Why are you giving me such a hard time about being five minutes late for our team meeting? Give me a break! You know that I have responsibilities at home, and it is hard for me to get here on time. I’m 40, and I have a wife and two small sons at home. Do you have to deal with sick kids? Do you have to arrange an emergency babysitter so you can get to class on time? Do you have to fight traffic to get here after working a full day? You would be much more understanding if you weren’t just a kid with no responsibility other than going to classes.”
Answer Part II - Once you have written your response, answer the following questions:
In: Operations Management