Questions
Q3. After graduating from college, Rachel and Payton start selling birdhouses made from recycled plastic. The...

Q3. After graduating from college, Rachel and Payton start selling birdhouses made from recycled plastic. The idea has caught on, as shown by the following sales figures:

Month

Demand

March

2200

April

2240

May

1790

June

4270

July

3530

August

4990

a. (3pts). Develop a forecast model for June through September by using an adjusted exponential smoothing model with α=0.5 and β=0.3. Assume that the unadjusted forecast (Ft) for May was 2,000 and the trend factor (Tt) for May was 700.

Month

Unadjusted exponential smoothing model

Trend factor (Tt)

Adjusted exponential smoothing model

March

April

May

2000

700

June

July

August

September

B (3 pts). Calculate the tracking signals for periods June through August.

Actual demand

Adjusted exponential smoothing model

Forecast error

Absolute deviation

i=1nFEi

MAD

Tracking signal

June

4270

July

3530

August

4990

In: Operations Management

As a Compliance Officer, you are considered a leader in your organization. How can you contribute...

As a Compliance Officer, you are considered a leader in your organization. How can you contribute to making the employees feel safe? Please respond in terms of your compliance course materials.

In: Operations Management

International Codes: •The best starting point in the further development of standards for international business is...

International Codes:

•The best starting point in the further development of standards for international business is self-regulation by business within the guidelines and standards that already exist.

•The UN Global Compact with business was proposed by the UN secretary-general in January 1999.

•The Compact challenges business to work with other companies, UN agencies, and nongovernmental organizations (NGOs) to support and implement ten basic principles stated in the Compact.

• The basic principles deal with respecting human rights, labor standards, protecting the environment, and eliminating corruption.

•The ILO is a specialized agency of the UN that has set up principles governing labor standards.

•The Caux Principles were launched in 1995.

•These principles emerged from a series of dialogues among a group of European, Japanese, and American firms.

•The principles are rooted in two basic principles:

–the Japanese principle of kyosei (working together for the common good); and

–the Western notion of the dignity and value of each human person as an end and not simply as a means to be used by others.

THE QUESTION IS : Talk more about it and the role of multinational corporations with giving examples .

In: Operations Management

Processing new accounts at a bank is intended to average 10 minutes each. Five samples of...

Processing new accounts at a bank is intended to average 10 minutes each. Five samples of four observations each have been taken. Use the sample data below, construct a X-bar and a R (range) chart.

Sample 1

Sample 2

Sample 3

Sample 4

Sample 5

10.2

10.3

9.7

9.9

9.8

9.9

9.8

9.9

10.3

10.2

9.8

9.9

9.9

10.1

10.3

10.1

10.4

10.1

10.5

9.7

Total

40

40.4

39.6

40.8

40

Mean

10

10.1

9.9

10.2

10

X= 10.4

Range

0.4

0.6

0.4

0.6

0.6

R= 0.52

  1. Determine the mean and range of each sample in above table.

Mean : 10.0+10.1++9.9+10.2+10/5=10.4

Range : 0.4+0.6+0.4+0.6+0.6+0.6/5=0.52

  1. Compute the average mean (X) and average range (R ) in above table.

  1. If the standard deviation of population is known as 0.25, compute upper and lower limits for a X chart.
  1. If the standard deviation of population is unknown, compute upper and lower limits for a X chart. (Obtain the Factor from the Factor table and use it in calculation)

  1. Compute the upper and lower limits for a R chart. (Obtain the Factor from the Factor table and use it in calculation)
  1. Construct (Draw) a X chart and R chart for this process with three-sigma limits. Is the process in control?


In: Operations Management

Discuss a real life example of a business process and explain how the knowledge processes are...

Discuss a real life example of a business process and explain how the knowledge processes are embedded in the business process. Hence, comment on the effectiveness for ONE of the knowledge processes as identified in the example and propose a knowledge management system (KMS) to improve it.

In: Operations Management

What does Tesla need in order to execute their plan selling their cars direct to the...

What does Tesla need in order to execute their plan selling their cars direct to the customer.
What resources do they need?
How would they do it?
Explain in your own words.

In: Operations Management

1. What is the difference between forward integration and backward integration? a. Backward integration involves distribution...

1. What is the difference between forward integration and backward integration?

a. Backward integration involves distribution and sale; forward integration involves raw material production.
b. Both involve adding value after a product is manufactured.
c. Forward integration involves distribution and sale; backward integration involves raw material production.
d. Backward integration involves stripping value at each stage; forward integration adds value at each stage of the chain.


2. A fitness activity tracker company has the largest market share out of its competitors. One of the company's biggest competencies is figuring out how to deliver the most accurate data based on the way it programs the trackers to read the movement of those wearing them. Researchers have discovered a breakthrough in how to apply the technology to pets. Another company has already released an activity tracker for house cats. The company wants to release a line for both dogs and cats at a higher price point than its competitor. The company differentiates its new product in the trackers' ability to decipher the moods of the pet based on its heart rate. It believes consumers are willing to pay the extra amount because pet lovers are always trying to figure out the moods of their pets anyway. Through this new release, how will the company be implementing a corporate-level strategy that will lead to an increase in its competitive advantage?

a.The pet tracker has increased differentiation from its competitor, and its price point will lead to increased profitability.
b. The pet tracker has increased differentiation from its competitor, even though its price point will not likely lead to increased profitability.
c. The pet tracker has decreased differentiation from its competitor, but its price point will lead to increased profitability.
d. The pet tracker has decreased differentiation and a lower price point than its competitor.


3. A cell phone company has decided to have an independent human resources company perform its human resources functions. This arrangement is cheaper for the cell phone company and alleviates the need to build up its own human resources department. The cell phone company is participating in:

a.strategic alliance.
b. strategic outsourcing.
c. short-term contracting.
d. long-term contracting.



4. The principal goal of corporate-level strategy is to enable a company to:

a.promote its competitive disadvantage and profitability in its present business.
b. keep a company from promoting its competitive advantage and profitability in its present business.
c. promote its competitive advantage and profitability in only its future business.
d. promote its competitive advantage and profitability in its present business.

5. Staying within one industry through horizontal integration enables a company to allocate which resources and capabilities to compete in one area?

a.Backward in the value chain
b. Core and specialized suppliers not owned by the company
c. Managerial, financial, technological
d. Specialized assets, customers, and suppliers

6. An American car maker and a Japanese car maker have entered into a strategic alliance. Both have valuable technology that they need in order to perform their aspect of the manufacturing process for particular lines of vehicles. Since both need each other's technology, it is unlikely the other will use the proprietary information about the other to take advantage for fear of their own technology becoming disclosed. To guarantee that each partner maintains the agreement, the two companies are participating in:

a.parallel sourcing policy.
b. hostage taking.
c. quasi integration.
d. credible commitment

In: Operations Management

What do you think about my thought? Based on my personality I learn best as a...

What do you think about my thought?

Based on my personality I learn best as a visual learner. The reason why I am a visual learner is because I like to see information and how the relationships are tied together between ideas. I learn best by watching or reading demonstrations. When studying I like to do so in quiet areas with little to no disturbance which is why nights work best for me (kids are in bed sleeping). I also like live presentations where you can questions to get clarifications that might not be so clear. I also learn well when many examples or real life situations are use to bring the point home.

I do believe you can missing learning somethings if the information is not properly presented. I also miss things if presenter is boring with their delivery or if they are distracting in their delivery.

In: Operations Management

What is the purpose of the Product Life Cycle? Identify and explain the four stages of...

What is the purpose of the Product Life Cycle? Identify and explain the four stages of the product life cycle. In your response, be sure to include an indication of how sales, profits, product, price, promotion and place change with each stage. Explain what marketers can do to extend the length of the product life cycle? Provide examples to showcase your ideas.

In: Operations Management

What are the key aspects of health and safety legislation?


What are the key aspects of health and safety legislation?

In: Operations Management

I only need question C answered, but I provided the rest of the worksheet to use...

I only need question C answered, but I provided the rest of the worksheet to use as reference in order to do so.

Q1. Jamie wants to forecast the number of students who will enroll in operations management next semester in order to determine how many sections to schedule. He has accumulated the following enrollment data for the past six semesters:

SEMESTER

STUDENTS ENROLLED IN OM

1

270

2

310

3

250

4

290

5

370

6

410

a (2 pts). Compute a three-semester moving average forecast for semesters 4 through 7 (Model a) (Use two decimals).

SEMESTER

Three-semester moving average forecast for semesters 4 through 7

1

-

2

-

3

-

4

5

6

7

b (3 pts). Compute the exponentially smoothed forecast (α = .20) for semesters 1 through 7 (Model b) (Use two decimals).

SEMESTER

Exponentially smoothed forecast (α = .20) for semesters 1 through 7

1

2

3

4

5

6

7

c (3 pts). Compare the two forecasts using MAD and indicate the most accurate.

MAD (model a) =

MAD (model b) =

In: Operations Management

The workers at Olisur Olive Oil Factory, work four days a week, 15 hours a day....

The workers at Olisur Olive Oil Factory, work four days a week, 15 hours a day. Each day of the week, at least the following numbers of workers are needed: on weekdays 105 workers per day; on weekends 45 workers per day. There are 165 workers in the factory. Formulate a linear programming model that will reveal a schedule for the workers to maximize the sum of their consecutive days off (define decision variables; indicate objective function, constraints, and sign restrictions, if any).

Hint: A worker, who is not scheduled to work on Wednesdays, Thursday and Friday has 3 consecutive days off. If a worker is not scheduled to work on Mondays, Wednesdays, and Sundays, then s/he has 2 consecutive days off (Sunday & Monday); but if s/he is not scheduled to work on Tuesday, Thursday, and Saturday, then that worker has no consecutive days off.

In: Operations Management

1. Based on a company you know, provide ONE real life example of related pieces of...

1. Based on a company you know, provide ONE real life example of related pieces of data, information and knowledge, and discuss how one is incorporated into the next. Briefly explain your answer.

In: Operations Management

Q1. Jamie wants to forecast the number of students who will enroll in operations management next...

Q1. Jamie wants to forecast the number of students who will enroll in operations management next semester in order to determine how many sections to schedule. He has accumulated the following enrollment data for the past six semesters:

SEMESTER

STUDENTS ENROLLED IN OM

1

270

2

310

3

250

4

290

5

370

6

410

a (2 pts). Compute a three-semester moving average forecast for semesters 4 through 7 (Model a) (Use two decimals).

SEMESTER

Three-semester moving average forecast for semesters 4 through 7

1

-

2

-

3

-

4

5

6

7

In: Operations Management

Tastee Mart sells Frostee Flakes. Demand for Frostee Flakes is 500 boxes per week. Tastee Mart...

Tastee Mart sells Frostee Flakes. Demand for Frostee Flakes is 500 boxes per week. Tastee
Mart has a holding cost of 30 percent and incurs a fixed cost of $100 for each replenishment
order it places for Frostee Flakes. Given that cost is $2 per box of Frostee Flakes, i) how
much should Tastee Mart order in each replenishment lot? ii) If a trade promotion lowers the
price of Frostee Flakes to $1.80 (d=$0.2) for one month, how much should Tastee Mart order
given the short-term price reduction? iii) What will be the forward buy? iv) For how many
periods will the forward buy be enough? V) What will be the cycle inventory over these
periods?

In: Operations Management