In: Operations Management
Distinguish between effective, weak, and failed states. Give examples.
In: Operations Management
(Penne Pesto) Penne Pesto is a small restaurant in the financial
district of San Francisco. Customers order from a variety of pasta
dishes. The restaurant has 50 seats and is always full during the
four hours in the evening. It is not possible to make reservations
at Penne; most guests show up spontaneously on their way home from
work. If there is no available seat, guests simply move on to
another place. On average, a guest spends 50 minutes in the
restaurant, which includes 5 minutes until
the guest is seated and the waiter has taken the order, an
additional 10 minutes until the food is served, 30 minutes to eat,
and 5 minutes to handle the check-out (including waiting for the
check, paying, and leaving). It takes the restaurant another 10
minutes to clean the table and have it be ready for the next guests
(of which there are always plenty). The aver-age guest leaves $20
at Penne, including food, drink, and tip (all tips are collected by
the restaurant; employees get a fixed salary). The restaurant has
10 waiters and 10 kitchen employees, each earning $90 per evening
(including any preparation, the 4 hours the restaurant is open, and
clean-up). The average order costs $5.50 in materials, including
$4.50 for the food and $1 for the average drink. In addition to
labor costs, fixed costs for the restaurant include $500 per day of
rent and $500 per day for other overhead costs. The restaurant is
open 365 days a year and is full to the last seat even on weekends
and
holidays. There is about $200,000 of capital tied up in the
restaurant, largely consisting of furniture, decoration, and
equipment.
b. What is the return on invested capital (ROIC) for the owner of the restaurant? [6.2]
c. Assume that you could improve the productivity of the kitchen employees and free up one person who would be helping to clean up the table. This would reduce the clean-up to 5 minutes instead of 10 minutes. What would be the new ROIC? [6.3]
In: Operations Management
Identify two critical stakeholders in the external environment that would affect the profitability of the U.S. Airline industry. Explain why they can affect the profitability and what can be done by a firm to improve the firm’s profitability (in 500 words.)
In: Operations Management
Options for company XYZ to set up production at different locations are provided below.
Location | Fixed Costs | Variable Costs | |||
A | $60,000 | $ 5.00 | |||
B | $50,000 | $ 7.00 | |||
C | $70,000 | $ 2.50 | |||
Given the fixed and variable costs for different locations above, find the most suitable range of production for each of the following location: | |||||
a. What is the most suitable production range for C? | |||||
b. What is the most suitable production range for B? | |||||
Note: format of answer would use terms such as "greater than" or "less than" or "between" in the context of quantity. |
In: Operations Management
In: Operations Management
true or false
1. A service operation by its very nature is a make-to-stock
type of production
process.
2. A decision tree problem does not need probabilities or payoffs
to generate a
solution.
3. A manufacturing cell groups the same or similar machines into
cells to work on
products that have dissimilar shapes and dissimilar processing
requirements.
4. Because little or no inventory is carried in a service
operation, it is easy to
separate the operations management functions from marketing in
services.
5. Capacity planning is generally viewed in three time durations:
short range,
intermediate range, and long range
In: Operations Management
Mitigation strategies are commonly adopted by supply chain managers in global supply chain management. Discuss how managers should consider to make better supply chain network design decisions when supply is unstable.
In: Operations Management
David and Micah both have different ideas on what they want to do for dinner, but Micah said since he is paying, they are doing what he wants. David quickly agrees to Micah’s demands; after all, he is paying. David ’s conflict management style seems to
a) Competing b) Accommodating c) Compromising d) Avoding
In: Operations Management
a) What is equity home bias and why are proponents of international portfolio diversification puzzled by the home bias phenomenon?
Write 350 words (fix). No plagiarism plz.
In: Operations Management
Using both local and foreign staffing policy for top-level managers for a small Caribbean country that is engaged in a joint venture with a Switzerland company that select and give your rationale for a staffing policy using the Switzerland Labour Act include the following elements: Working hours, Compensation package, Termination, Holiday and Sick Leave
In: Operations Management
ICTx, a family-owned manufacturer of budget computers, has grown
exponentially over the last few years. However, the company is
having difficulty preparing for future growth. The only information
system used at ICTx is an antiquated accounting system. The company
has one manufacturing plant located in Gaza; and three warehouses,
in Rafah, Wastta, and AlNasser. The ICTx sales force is national,
and ICTx purchases about a third of its computer parts and
materials from a single overseas supplier. You have been hired to
recommend the information systems ICTx should implement in order to
maintain their competitive edge. However, there is not enough money
for a full-blown, cross-functional enterprise application, and you
will need to limit the first step to a single functional area or
constituency. What will you choose, and why? Hints: your answer
should discuss the TPS
MIS ”chapter 2 Global E-business and Collaboration”
In: Operations Management
Positive outcomes are not always an end result for collaborations. Collaborations might be set on two-legged outcomes from the start. Accordingly, setting aims is not enough by itself. Managing aims is regarded as essential for better collaborative results. In the context of a local organizational collaboration of your choice, discuss the importance of managing aims and how the presence of some elements might generate negative episodes that a collaboration can face. Support your discussion with examples. 600 words.
Hint: you need to provide your discussion in an essay format. Make sure NOT TO PROVIDE A DESCRIPTIVE ANSWER; take an analytical approach to the discussion and support your answer with examples from your professional and/or personal experience
In: Operations Management
MARKETING what are 2 different customer segments in a gym and their characteristics?
In: Operations Management
In: Operations Management