True or false
For inventory management, we could use deterministic models if the demand is uncertain, but can be described by a probability distribution.
With Normally distributed demand, there is a 50% chance that the lead time demand is higher than expected.
With inventory management, the concern for capacity planning is to find bottlenecks in the operations around stocks, and making sure that this does not constrain broader operations.
Master schedules expand the aggregate plans to give more details of the weekly activities of the production schedule.
Under agile strategy, every operation with the least possible resource –space, people, stock, equipment, time, money, etc
In: Operations Management
Summarize the difference between individual ethics and organizational ethics. What do you think is the source of each type of ethics?
In: Operations Management
Promotion is the most important element of the financial services marketing mix.’
Discuss this statement using examples of the promotional mix to illustrate your answer.
In: Operations Management
b) How can the Banks and the Hospitals carry out effective job
rotation to make their
employees/nurses more enhanced in their jobs? ( 10 marks)
In: Operations Management
Your Leadership to plan and develop processes for global human resources functioning: Explain, understand, contrast and utilize best practices within the organization's domestic and global HR markets. Based on what we have studied in this course, apply HR solutions to the global market for improved functioning and outcomes to ensure mission and vision are achieved. Discuss world issues, laws, trends, and international business that may impact the effective human resources global strategy you have developed and plan to implement.
In: Operations Management
Definition of control during strategic application
In: Operations Management
Write down on-the-job training methods and non-business training methods as items
In: Operations Management
We are in the middle of a historic crisis - a global pandemic caused by a novel coronavirus. A lot of the issues right at the moment are intimately connected to Operations Management and Supply Chains. Issues that are literally life and death, economic recession, and stability.
Suppose you are an operation and supply chain manager given the following objective: What is the operations problem with Cov19 testing in the United States? What would you propose to solve this problem? (Please make this proposal into a format suitable for a professional presentation.)
In: Operations Management
How can you decide whether an organisation is more convergent or divergent in its strategy?
In: Operations Management
Assuming they are awarded ethically and within the law, stock options are often touted as the perfect “alignment” mechanism for management incentives.
a) Why is that?
b) In the case of a multi-division corporation, sometimes “phantom stock” or options of phantom stock, will be issued in order to create a tangible measure of the performance of a specific division of the company. If you were trying to set a value for the phantom stock, how might you do it?
In: Operations Management
What is wirrgenstein trying to say in philosophical investigations saying about "consciousness"
In: Operations Management
Assume you are a shareholder in a publicly traded retail firm. Would you want that firm to raise pay rates for its employees to stay on pace with the inflation rate, even if doing so would drive product prices up and profit margins down? Can you explain why for me please?
In: Operations Management
Please re-watch the video posted on moodle under topic 9 titled 'Principles of Persuasion'. Think of examples from your own experience when you had used a few of these chosen principles and share them with the class. The art of persuasion also includes managing conflict. What would you consider to be the qualities of a leader who manages conflict effectively?
In: Operations Management
11. What are two advantages to purchasing a facility? What are two disadvantages to leasing a facility?
In: Operations Management
Case: Irasen Foods and Beverages is planning on opening a new plant in 18 months. You have been invited to prepare a plan to hire, select and train almost five-hundreds new employees that will be needed over the next two years.
1. Prepare a plan outline of how to hire and train an entire staff of new employees below the second level of management in one year and have them ready to open the new plant?
2. How should you go about procuring the balance of the five-hundreds workers needed to staff the plant by the projected full-operations date?
In: Operations Management