Rocky Mountain Tire Center sells 13 comma 000 go-cart tires per year. The ordering cost for each order is $35 , and the holding cost is 40 % of the purchase price of the tires per year. The purchase price is $22 per tire if fewer than 200 tires are ordered, $18 per tire if 200 or more, but fewer than 5 comma 000 , tires are ordered, and $16 per tire if 5 comma 000 or more tires are ordered. a) How many tires should Rocky Mountain order each time it places an order? Rocky Mountain's optimal order quantity is_______ units (enter your response as a whole number). b) What is the total cost of this policy? Total annual cost of ordering optimal order sizeequals $ _____(round your response to the nearest whole number).
In: Operations Management
There are what are called Second Generation rights, which include the rights of the poor and quality of life issues and these connect to the announcements about the future of the global economy, Third World poverty and solutions proposed by the IMF and World Bank. Here we want people to 1. discuss the issue of of whether the poor have an inherent Right to a better standard of living or is in simply the humane thing to do (this can be done in 5-6 sentences),
2. propose a specific measure to improve the condition of the poor in a specific country or specific status (like agricultural workers), you may need to to some outside research. Ex. look at the Millennium Development Goals.
answer must be 300 words or more.
add link to source please
In: Operations Management
Go online and do some focused research on some specific human rights case. There are high profile cases (and they do not have to be current) like Elian Gonzalez, Malala, Syrian refugees (a dialog on how to solve this would be welcome).
No matter what you choose, be brief in your description of the case (Africa, Asia, US, Europe, Latin America, Mideast), focus on the controversial aspects of the case-- how it was resolved or not, and how it connects to issues.
answer must be more than 300 words.
In: Operations Management
In your opinion is the Red Bull viral strategy effective?
In: Operations Management
What would be the project scope ?
We have been hired to develop a sales training course for 250 sales associates that will be working the floor of an electronics shop. This will be our first endeavor in retail training, sowe must adapt one of our existing training models and customize it to meet the needs of the customer. The company’s electronic shop department has a high volume of sales. As a result they need to develop a training course for 250 sales associates to provide sales managers with proven skills, knowledge and tools they need to drive bottom line performance.This program covers five critical sales management abilities: behavior-based interviewing, managing sales performance, managing the sales pipeline, sales coaching, and sales leadership. It will be delivered on-site, online, or blended and includes post-training reinforcement to ensure real-world skills application and adoption.
In: Operations Management
Clearly differentiate between a Hierarchical and a Decentralized approach to control. What advantages/disadvantages do you see to each approach?
In: Operations Management
A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.20 per stone for quantities of 600 stones or more, $8.70 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 214 days per year. Usage rate is 25 stones per day, and ordering costs are $48.
| a. |
If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost. (Round your intermediate calculations and final answer to the nearest whole number.) |
| Order quantity | stones |
| b. |
If annual carrying costs are 27 percent of unit cost, what is the optimal order size? (Round your intermediate calculations and final answer to the nearest whole number.) |
| Optimal order size | stones |
| c. |
If lead time is 5 working days, at what point should the company reorder? |
| Reorder quantity |
stones |
In: Operations Management
Marc Hernandez’s construction firm currently has three projects in progress. Each requires a specific supply of gravel. There are three gravel pits available to provide for Hernandez’s needs, but shipping costs differ from location to location.
To From Job 1 Job 2 Job 3 Tonnage Allowance
Central pit $9 $ 8 $ 7 3,000
Rock pit $7 $11 $ 6 4,000
Acme pit $4 $ 3 $12 6,000
Job requirements (tons) (Job1) 2,500 (Job 2) 3,750 (Job 3) 4,850
A. Determine Hernandez’s optimal shipping quantities so as to minimize total transportation costs.
B. It is the case that Rock Pit and Central Pit can send gravel by rail to Acme for $1 per ton. Once the gravel is relocated, it can be trucked to the jobs. Reformulate this problem to determine how shipping by rail could reduce the transportation costs for the gravel.
| Problem 5-13 | ||||||||||||
| Shipments: | To | Flow balance equations | ||||||||||
| From | Job 1 | Job 2 | Job 3 | Flow out | Location | Flow in | Flow out | Net flow | Sign | RHS | ||
| Central | 0.0 | Central | 0 | 0 | 0 | >= | -3000 | |||||
| Rock | 0.0 | Rock | 0 | 0 | 0 | >= | -4000 | |||||
| Acme | 0.0 | Acme | 0 | 0 | 0 | >= | -6000 | |||||
| Flow in | 0.0 | 0.0 | 0.0 | Job 1 | 0 | 0.0 | 0 | = | 2500 | |||
| Job 2 | 0 | 0.0 | 0 | = | 3750 | |||||||
| Unit costs: | To | Job 3 | 0 | 0.0 | 0 | = | 4850 | |||||
| From | Job 1 | Job 2 | Job 3 | |||||||||
| Central | $9 | $8 | $7 | |||||||||
| Rock | $7 | $11 | $6 | |||||||||
| Acme | $4 | $3 | $12 | |||||||||
| Total cost = | $0 | <--- Minimize total transportation costs. Formula = SUMPRODUCT(B5:D7,B12:D14) | ||||||||||
| Note: | ||||||||||||
|
Once all values are entered in the appropriate shaded areas, go to
the DATA tab on the Excel sheet ribbon, click on the Data Analysis
Group, and then choose Solver. Click SOLVE to run Excel's Solver
add-in to obtain the optimized solution. Note that if Solver is not
on the DATA tab, refer to the Help file (Solver) for instructions
or pages 569–571 of Balakrishnan (2013) Managerial Decision
Modeling With Spreadsheets. For more information on entering
information in Solver, refer to pages 44–49 of Balakrishnan (2013).
To learn more about how to set up and solve linear programming (LP)
problems, refer to pages 40–51 of Balakrishnan (2013). For the changing variable cells (yellow shaded), the initial entries in the cells can be blank or any value of your choice based on the given constraints. |
||||||||||||
| Problem 5-13 (Transshipment) | ||||||||||||
| Shipments: | To | Flow balance equations | ||||||||||
| From | Job 1 | Job 2 | Job 3 | Acme | Flow out | Location | Flow in | Flow out | Net flow | Sign | RHS | |
| Central | 0.0 | Central | 0 | 0 | 0 | >= | -3000 | |||||
| Rock | 0.0 | Rock | 0 | 0 | 0 | >= | -4000 | |||||
| Acme | 0.0 | Acme | 0.0 | 0 | 0.0 | >= | -6000 | |||||
| Flow in | 0.0 | 0.0 | 0.0 | 0.0 | Job 1 | 0 | 0 | 0 | = | 2500 | ||
| Job 2 | 0 | 0 | 0 | = | 3750 | |||||||
| Unit costs: | To | Job 3 | 0 | 0 | 0 | = | 4850 | |||||
| From | Job 1 | Job 2 | Job 3 | Acme | ||||||||
| Central | $9 | $8 | $7 | $1 | ||||||||
| Rock | $7 | $11 | $6 | $1 | ||||||||
| Acme | $4 | $3 | $12 | $0 | ||||||||
| Total cost = | $0 | |||||||||||
| Note: | ||||||||||||
|
Once all values are entered in the appropriate shaded areas, go to
the DATA tab on the Excel sheet ribbon, click on the Data Analysis
Group, and then choose Solver. Click SOLVE to run Excel's Solver
add-in to obtain the optimized solution. Note that if Solver is not
on the DATA tab, refer to the Help file (Solver) for instructions
or pages 569–571 of Balakrishnan (2013) Managerial Decision
Modeling With Spreadsheets. For more information on entering
information in Solver, refer to pages 44–49 of Balakrishnan (2013).
To learn more about how to set up and solve linear programming (LP)
problems, refer to pages 40–51 of Balakrishnan (2013). For the changing variable cells (yellow shaded), the initial entries in the cells can be blank or any value of your choice based on the given constraints. |
||||||||||||
In: Operations Management
Given all the service guarantees we see or hear on a daily bases, do these really make you feel better about the services you are paying for at the bank, restaurant, cable company or retail store?
a. Give specific examples of a good guarantees
b. Give specific examples of a bad guarantees
c. Give specific examples of a evoke guarantees
In: Operations Management
What is the relationship between business intelligence and analytics?
How can managers use business analytics and business intelligence to create successful organizational outcomes?
Please provide a scenario, based on your experience, in which analytics and business intelligence was used successfully to achieve a business goal.
In: Operations Management
Should the family of Mary authorize the replacement of the double hip ? What factors should be considered? Who else , if anyone, should be considered ? What are the implications of this decision to the parties involved : Mary, their children
In: Operations Management
Campaign for Real Beauty for re-launch of the Dove brand has been successful in many countries. Discuss why this campaign has been so successful, in term of a) message, b) media mix, and c) promotion mix.
In: Operations Management
Four questions as below: Investigate and categorize the marketing arena for Dove and its competitors.
In: Operations Management
What are the major ways to enter a foreign market? What should a firm consider when choosing the optimal entry mode? What entry mode would you suggest fpr opening a business in Canada and why?
In: Operations Management
As an international management consultant, what advice would you give a foreign company looking to move operations to Brazil? Do you think Brazil holds the potential for future growth? As an investor, do you think the buy low mindset applies to Brazil? If not, what changes would you like to see before making any investments in the country?
In: Operations Management