Questions
If one estimator generated cost estimates on the same day for two projects that were the...

  1. If one estimator generated cost estimates on the same day for two projects that were the same (like a super-sized Wal-Mart) type of facility, what are the most important reasons why the estimates could be different (4)?

In: Operations Management

Are Americans becoming ruder in their interactions with one another in the business environment??Explain and document...

Are Americans becoming ruder in their interactions with one another in the business environment??Explain and document your reasoning using scholarly and peer reviewed journal articles and/or texts.

In: Operations Management

Describe how Netflix was able to adjust their core competencies in order to enhance their competitiveness...

Describe how Netflix was able to adjust their core competencies in order to enhance their competitiveness versus Blockbuster, which ultimately failed. Give another example of a company that has pivoted in order to remain competitive while one or more of its competitors failed.

In: Operations Management

Select a real-world medium or large-sized business and identify a potential risk to the implementation and...

Select a real-world medium or large-sized business and identify a potential risk to the implementation and acceptance of an EA program, and strategies to mitigate those risk .

In: Operations Management

Describe how a company can be difficult to classify as a services or goods company. Provide...

Describe how a company can be difficult to classify as a services or goods company. Provide at least one example of such a company where that classification might be difficult.

In: Operations Management

Recreational Park Project The public has recognized the benefits of recreation and parks as essential to...

Recreational Park Project
The public has recognized the benefits of recreation and parks as essential to their health and quality of life. A recent survey conducted in 2016 found that the construction of more recreational facilities was a top priority among residents in Lazarette Town (in the Caribbean).
As such, the town council in Lazarette, with the help of other key stakeholders, has sourced and secured three (3) million dollars of grant funds from the Caribbean Wellness Community (CWC) for the development of a mini outdoor recreational park on three (3) acres of land donated by a benevolent resident of the town.   
The park will contain sporting facilities among other recreational facilities (e.g. walking trails, children playground, tennis court, basketball court, work out stations, benches, shower facilities, rest rooms etc.). All major key stakeholders and sponsors have unanimously agreed that that the facility should cater for residents of all ages. Additionally, a group of minority stakeholders has expressed their requirements of having an eco-friendly and climate resilient facility. The park should be completed and ready for use by 2022, i.e. the project duration should not exceed two years.
To ensure that the project is completed on time, within scope and on budget, the funding agency and the Lazarette Town Council require that a dedicated and knowledgeable project team is assigned to the project. CWC has expressed the need for the project deliverables to be of ‘high’ quality to guarantee stakeholders’ satisfaction and safety. The CWC requires that ‘tight’ procurement processes should be followed to ensure transparency, accountability and economy. It is anticipated that most of the goods, works and services for building the park will be procured from vendors, suppliers and contractors in the town. In addition, CWC has detailed the need for both positive and negative projects risk to be properly managed throughout the project.
In response to CWC implied and expressed requirements, the Lazarette Town Council has selected and appointed your team to provide project management services for the Recreational Park Project. As a proactive team, your team has decided to use ‘best practices’ in project management to plan project activities and get approval from key project stakeholders before constructing or building the facility. Give the type and nature of the project, the intention is to use a traditional/waterfall approach to project management activities instead of the largely popular and contemporary agile methodology used other industries.   
Your team understands the value of planning before doing, and the council’s concerns of not losing the grant funding from CWC. In addition, your team is keen on building a good reputation in the
town. With a can do attitude and the need to increase the chances of the project success, the project management team (your 5-member group) is determined to ensure that the team utilizes the ‘best practices’ for planning, executing and controlling this valuable community based project.

1. Create an appropriate quality management plan for the project.

2. Justify the need to effectively manage quality for the project.

In: Operations Management

Why is it that sometimes higher level managers do not know what improvements are needed in...

Why is it that sometimes higher level managers do not know what improvements are needed in their company

In: Operations Management

13) A professor's son, having made the wise decision to drop out of college, has been...

13) A professor's son, having made the wise decision to drop out of college, has been finding his way in life taking one job or another, leaving when his creativity is overly stifled or the employer tires of his creativity. The professor dutifully logs the duration of his son's last few careers and has determined that the average duration is normally distributed with a mean of sixty-six weeks and a standard deviation of ten weeks. The next career begins on Monday; what is the likelihood that it endures for less than a year and a half?

In: Operations Management

Describe/come up with an information systems problem that you would apply the below Problem Solving Strategy....

Describe/come up with an information systems problem that you would apply the below Problem Solving Strategy. Explain how each of the steps below would apply to solving the problem.

System Problem Solving Strategy:

  1. Recognize the issue
  2. Identify the facts
  3. Define additional data that would be helpful
  4. Make assumptions necessary
  5. Determine alternative approaches
  6. Evaluate alternatives
  7. Make recommendations
  8. Alter assumptions and rework solutions
  9. Reflect on lessons learned

In: Operations Management

20. Eva is a beer truck driver for the a local brewery. Her beer run takes...

20. Eva is a beer truck driver for the a local brewery. Her beer run takes her from Philadelphia to Glassboro every day. The brewer has given Eva a very precise route. On a Friday morning, Eva’s boyfriend calls and asks her to take the beer truck and meet him in Atlantic City for a day of gambling. Eva says she can only spend six hours in Atlantic City. During that time, she will gamble, get a manicure and pedicure, and have a steak dinner. She plans to finish her deliveries afterwards. She drives the beer truck to Atlantic City, and while searching for a parking space in a casino parking lot, Eva accidentally rear ends a convertible driven by a Thai heiress, who has been travelled in the United States with her pet tiger. The heiress wants to sue Eva and the beer company for negligence. Will the heiress be successful in suing Eva and the beer company?

a. She will prevail against neither.

b. She will prevail against both.

c. She will prevail against Eva but not against the brewery.

d. She will prevail against the brewery, but she won’t prevail against the brewery.

21. The Thai heiress has a sign on her convertible warning people not to approach because of the dangerous tiger lurking unseen behind her tinted windows. Eva has a license to own the tiger. The tiger has graduated tiger obedience school and has all his shots and circus certifications. The tiger is muzzled and held in her car by steel chains. He is an extremely friendly tiger. When Eva approaches the heiress to apologize, the tiger, having been startled by the accident, breaks its muzzle and chain and bite’s Eva’s arm off. Eva wants to sue the heiress under tort law. Will Eva win?

a. Yes, the heiress was negligent.

b. No, the heiress met her duty of care and could not foresee that the tiger would break its muzzle and chain.

c. Yes, Eva will win under strict liability

d. Yes, the heiress committed an intentional tort of battery.

23. In November, a billionaire Norwegian prince proposes to Shelly and buys her a cottage in Oslo as well as a Ferrari and a stable of fine horses and cows. She contacts Barbara and tells her that she cannot perform the remainder of the contract, but offers to write five songs for Barbara if Barbara will agree to relieve Shelly of her obligations under the original contract. Barbara accepts. What is this subsequent agreement called? __________________________________

26. Which of the following are reasons why an employer would prefer to hire Maxie as an independent contractor rather than as an employee?

a. to save employer’s contribution to Maxie’s Social Security taxes

b. to prevent the employer from being held liable for Maxie’s negligence

c. to prevent paying for worker’s compensation insurance for Maxie

d. all of the above

In: Operations Management

Balanced scorecards are widely used by companies to “balance” their financial with nonfinancial objectives. Do a...

Balanced scorecards are widely used by companies to “balance” their financial with nonfinancial objectives. Do a Google search using the phrase “Coca-Cola balanced scorecard” or “balanced score-card images” or “balanced scorecard examples” to see examples.


Prepare a new and improved balanced scorecard for Coca-Cola. Explain why your recommended balanced scorecard is best for Coca-Cola.

In: Operations Management

Why is diversity good for an international business what actions can a company take to foster...

Why is diversity good for an international business what actions can a company take to foster greater diversity?

In: Operations Management

A classmate says: "Global businesses is relevant for top executives such as CEOs in large companies....

A classmate says: "Global businesses is relevant for top executives such as CEOs in large companies. I am just a lowly student who'll struggle to gain an entry-level job, probably in the small domestic company. Why should I care about it?" How do you convince your classmates that global businesses something to care about?

In: Operations Management

In this assignment you’ll solve the basic economic order quantity (EOQ) model in Excel using two...

In this assignment you’ll solve the basic economic order quantity (EOQ) model in Excel using two methods: (A) a trial-and-error approach to find a very good but approximate answer, and (B) the EOQ formula to find the “exact” answer. Set up your spreadsheet similar to that shown below.

The situation: Roxie is responsible for purchasing the paper used in all copiers and laser printers at Budco. After looking at her records, Roxie has found that demand for paper averages 600 boxes per month. The price of a box of paper is $20 (regardless of the number ordered). Placing and handling an order costs $66. Annual unit holding costs per box are 25% of the unit price. Last year, Roxie ordered paper once every two months, but she wants to know if another ordering policy would be cheaper.

A

B

C

D

E

F

1

Annual Demand

boxes/year

B.  EOQ  Formula

2

Unit Price

per box

Optimal

Annual

3

Ordering Cost

per order

Order

Order+Holding

4

Annual Holding Cost

per box/year

Quantity Q*

Costs at Q*

5

6

  1. Trial-and-Error Method

7

Annual

Annual

Annual

8

Order

Ordering

Holding

Ordering+Holding

9

Quantity (Q)

Costs

Costs

Costs

10

25

11

50

12

75

:

:

  1. Trial-and-Error (Approximate) Method

  • Order Quantity: type in 25 for cell A10; then use the formula =25+A10 for cell A11 and copy this formula down, until Q reaches 1200.
  • Annual Ordering Costs (DS/Q): for cell B10, use =$B$1*$B$3/A10; then copy formula down.
  • Annual Holding Costs (HQ/2): for cell C10, use =$B$4*A10/2; then copy formula down.
  • Annual Ordering + Holding Costs: for cell D10, use =B10+C10; then copy formula down.

Make a scatter (XY) chart of the Annual Ordering + Holding Costs (y-axis) vs. Order Quantity (x-axis).

  1. EOQ (Exact) Formula

  • Find the optimal order quantity Q* in cell E5 using the EOQ formula discussed in lecture and Ch. 12 of the text. You can find the square root of x in Excel with the function SQRT(x). In your E5 and F5 cell formulas you should reference other cells that contain the relevant data rather than typing the numbers themselves into the cell formula.
  1. Based on the Trial-and-Error (Approximate) Method

A1. Approximately what order quantity minimizes total annual ordering + holding costs? ____ boxes

  1. Based on the EOQ (Exact) Method

B1. What order quantity Q* minimizes total annual order + holding costs? _____ boxes

B2. What Excel cell formula is required for Annual Ordering + Holding Costs in cell F5? _____

B3. At Q*, what are the total annual ordering + holding costs? _____

B4. How many times per year will Roxie place an order of size Q*? _____

B5. Last year, Roxie ordered every 2 months. How much were her total annual ordering+holding costs?

_____________ (Hint: First ask yourself how many boxes would be ordered each time if you ordered exactly once every 2 months?)

B6. What is the percentage reduction in annual ordering + holding costs achieved by Roxie in following the optimalinventory policy instead of last year’s ordering policy? _______


In: Operations Management

Read the following case and answer the questions. Greener Company The CEO of Ferguson Inc. wants...

Read the following case and answer the questions.

Greener Company

The CEO of Ferguson Inc. wants its executives to make the organization more environmentally friendly by encouraging employees to reduce waste in the workplace. Government legislation is coming that will require all companies of this size to have a program in place and the company’s customers also expect it. The CEO wants to significantly reduce paper usage, garbage and other waste throughout the company’s many widespread offices.

Unfortunately, a survey indicates that employees do not value environmental objectives and do not know how to “reduce, reuse, recycle.” As the executive responsible for this change, you have been asked to develop a strategy that might bring about meaningful behavioural change towards this environmental goal. What would you do?

Questions

1. Based on the case above, and according to Lewin’s Model for Managing Change - what are 2 Forces for the status quo (or restraining forces)?                          /2

2. Using Lewin’s Model for Managing Change, how would you go about implementing and managing the change at Ferguson Inc. – answer a. and b.                               

  1. Explain each phase – Unfreezing, Moving and Refreezing  

  1. and list one action that you would implement for each phase to accomplish your change.

In: Operations Management