Discuss the concept of GDP (gross domestic product). Explain the difference between fiscal and monetary policy. Discuss the concept of the unemployment rate measurement. Discuss the concepts of inflation and deflation. Explain other key terms: supply; demand; equilibrium price; monopoly; recession; depression.
In: Operations Management
1. What is the project manager’s role in assessing risk within the project? Consider a project of your own and present a risk register for that project.
2. What are some advantages and disadvantages of housing a project in a functional form.
3. Are the risk responses for threats or opportunities more important for project managers? Why?
In: Operations Management
"Business Law"
Dr. A quits her job at ABC University because she got a better job at XYZ University. Can ABC University get an injunction prohibiting her from teaching at XYZ University?
In: Operations Management
Suppose that you work in the inventory planning department of a large electronics store, and a (Q, R) inventory system is used to control the replenishment of a popular LCD computer monitor. The store pays $85 for each monitor when it purchases the monitors from its supplier in Asia; in addition, a fixed setup fee of $275 is charged for each order. Assume the annual holding rate is 15%. The penalty cost per shortage is $10. Monthly demand is normally distributed with mean 400 and standard deviation 35, and the order lead time is 1.5 months.
A. Calculate the order quantity (using EOQ approximation) and the optimal re-order point.
B. Calculate the service level, the safety stock level, and the expected number of shortages per cycle.
C. Calculate the expected annual setup cost, inventory holding cost, and shortage cost. If the store wants to maintain a fixed service level of 97%, calculate the re-order point.
D. Compare your answer of part d) with your answers for part (a) and (b), which service level is higher and which re-order point is larger?
In: Operations Management
Please read this. This is not professionally done at all. There is miss-spelling, and words missing.
The question was what are Comcast functional areas. The answer needed to be in a paragraph format of 200 words.
The Comcast is the organization for the IT departments and have many departments in this field due to many operational fields in the company and the company operates in telecommunication sector.There are many functional groups in the organisation varies from Software engineering,user experience design,big data analysis,product engineering,network engineering etc.The particular tasks are performed by the employees in either low or high positions which give credit to the centralised management of the company.The employees of the company have to make specific tasks in business functional areas which include supply chain management and most important marketing of its goods and services in the network it serves.Comcast make best way to organise IT employees by the specific skills of every employee and assigning them the project team in which they have to work.As it have centralised management system as it makes company cost-effective allow to design and create new technological upgrades across whole company and good and services.Software Engineer also have specific task to create the goods and services for the company and fixing the glitch in its goods and services.Product engineer do full inspection of product and design it fully and have to inspect them fully,they have task to do all work related to product.User Experience design team helps to develop new idea and get what customers are getting results while using their products and services and find ways to improve their products.For the management, we have discussed above all.
These are the basic functional areas of Comcast.
If you have liked the answer please Upvote and Drop comment if you have any query.
Comment This is not professionally done and needs to be explained better. I am confused.
In: Operations Management
Hi, I need to make an PPT for my class about the 'Levi's personal pair' case study. (course is strategic management)
can you summarize this case study for me to understand what's it about? and also can you evaluate the Levi's personal pair proposal
Hi, I need to make an PPT for my class about the Levi's personal pair case study. (course is strategic management)
can you summarize this case study for me to understand what's it about? and also can you evaluate the Levi's personal pair proposal
(I have to make 3 slides on summarizing and 2 slides on answering question if you're wandering. oh and I can make the slides just help me with summarizing )
Thx in advance! have a good day :)
In: Operations Management
In the job characteristics model, critical psychological states include __________.
Group of answer choices
A. Experienced meaningfulness of work.
B. Experienced responsibility for work outcomes.
C. Knowledge of actual results of work.
D. All of the above.
E. None of the above.
In: Operations Management
In: Operations Management
Prepare a technical report based on KFC Fast food restaurant company
Report should follow the given structure:
Chapter 1 – Introduction of KFC (Focus on Strategic Evaluation,
Business Ethics and Global Issues)
Chapter 2 – a. Analyze the difficulties in strategic evaluation of
KFC
b. Examine the reasons for KFC organizations to ‘go green
c. Compare the advantages & disadvantages of international
operations of KFC
Chapter 3 – Conclusion and Recommendations (Focus on Strategic
Evaluation, Business Ethics and Global Issues)
In: Operations Management
Discuss the implications of the six buyer readiness states, also known as the Hierarchy of Effects.
In: Operations Management
Six Sigma was a statistical process control technique championed by Motorola; explain the fundamental concept behind the term Six Sigma, as it relates to a standard distribution and standard deviations. Then explain the Six Sigma framework: DMAIC
In: Operations Management
1. Project Concept and Strategy
a. Was the Woody 2000 project well conceived? Give reasons for your opinion.
b. What were Woody's real objectives that could and should have been articulated?
c. What strategies were there for achieving these objectives? What would you recommend?
d. Did they consider other solutions? Give Examples.
e. How would you gauge the project's success? Could success be measured? If so, when?
Please provide as much detail as possible
In: Operations Management
2. Given the project information below, what is the probability of completing the National Holiday Toy project in 93 time units?
Note 1: The Critical Path activities are: 1, 2, 4, 5, 6, 7. Note 2: Using the examples in Appendix 7.1 as a guide, calculate the weighted average activity time of each task (te). Determine the project duration. Calculate the variance. Use the Z-score formula, in Appendix 7.1 to calculate the Z-score. Note that non-critical path activities are not included in Z-score calculations. Also be aware that a critical path activity may not need to be included, if it occurs parallel with another critical path activity and has the same te. Then use the statistical table A7.2 (or look for a Z-score table on the Internet, because the one is the text is abbreviated) and find the probability of completing the project in 93 time units.
| ID | Description | Predecessor | (a) | (m) | (b) | te | Variance |
| 1 | Design package | none | 6 | 12 | 24 | ||
| 2 | Design product | 1 | 16 | 19 | 28 | ||
| 3 | Build package | 1 | 4 | 7 | 10 | ||
| 4 | Secure patent | 2 | 21 | 30 | 39 | ||
| 5 | Build product | 2 | 17 | 29 | 47 | ||
| 6 | Paint | 3, 4, 5 | 4 | 7 | 10 | ||
| 7 | Test market | 6 | 13 | 16 | 19 |
In: Operations Management
For AnMed Health 1. Brief description of the project (must have instructor approval). 2. History or rationale (including industry trend data as appropriate). 3. Market analysis (including competition). 4. Goals and outcomes (relationship to strategic focus). 5. Structure (including alliances, contractual relationships, etc.). 6. Financial data overview: Include a summary of what financial data you examined or would examine. For each financial statement, describe the specific factors that informed you (net revenue, profit loss, balance sheet major). 7. Personnel/Staffing (including provider relationships as appropriate). 8. Implementation schedule: Develop an implementation schedule that identifies the resources and competences in your department and describe how they are matched to the strategic initiative. Identify how your action plan aligns to the organization’s strategic initiative?
In: Operations Management
The Learning Journal is a space where you should reflect upon what was learned during the week and how it applies to your daily life and will help you with your life (career) goals. For this week’s reflection, please write an essay of complete and well composed paragraphs (200 word minimum for the entire essay) where you describe the DMAIC (Define, Measure, Analyze, Improve, and Control) process and how it relates to Six Sigma project theory.
In: Operations Management