Consider the following LP model.Max Z = 3x1 - 4x2 + x3
subject to x1 + x2 + x3 >= 9
2x1 + x2 + x3<= 12
x1 + x2 = 5
x1, x2, x3 >= 0
Change it to standard form.
Obtain all the basic solutions and indicate which ones are basic feasible solutions and write down the corresponding corner points. For each basic solution, you have to obtain the values of all the variables.
Obtain the solution of the LP problem, that is, obtain the values of the decision variables corresponding to the optimal solution as well as the optimal value of the objective function.
In: Operations Management
A quality control activity analysis indicated the following four
activity costs of a hotel:
Inspecting cleanliness of rooms | $108,000 |
Processing lost customer reservations | 450,000 |
Rework incorrectly prepared room service meal | 54,000 |
Employee training | 288,000 |
Total | $900,000 |
Sales are $3,000,000. Prepare a cost of quality report. Round percent of sales to one decimal place.
Cost of Quality Report | |||
Quality Cost Classification | Quality Cost | Percent of Total Quality Cost | Percent of Total Sales |
Prevention | $ | % | % |
Appraisal | % | % | |
Internal failure | % | % | |
External failure | % | % | |
Total | $ | % | % |
In: Operations Management
your analysis of three aspects of motivation (i.e., the will to lead, express dominance, and commit to the social good of the organization) that are essential in developing leadership skills and your personal experience recognizing motivation exhibited by an employee within the workplace. In your analysis, do the following:
In: Operations Management
What type of training and development is needed to support an organizations efforts to change their culture? give examples
In: Operations Management
I need a business plan for a waste management company. The company is called Affordable Waste Management. I am asking for 180K i will be the only worker.
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identify a major enhancement in the field of Supply Chain Management
How has it changed the industry for better?
Any future enhancements you could see from this technology or
process.
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2. Explain the roles of people and information technology in providing quality service. How does the Ritz carlton Hotel Group use employees and information technology for quality service? Give examples.
3. Discuss how either good or poor quality affects you personally as a consumer. Describe experiences in which your expectations were a. Met b. Exceeded c. Not met. Did your experience change your regard for the organization and/or its products? Explain how.
4. High quality is not necessarily related to price. Drawing from your own knowledge and experience, provide examples where this a. May or b. May not be true.
5. Choose a product or service to illustrate in detail how several definitions of quality can apply simultaneously.
6. How can you internalize and practice quality at a personal level in your daily activities. Dive detailed examples.
7. Why should a company make it easy for customers to complain? Use an example that you personally experienced to describe in detail the features of an effective complaint Management process.
8. Many organizations, such as banks, cellphone providers and cable/satellite TV providers, offer significant incentives to attract new customers. However, existing customers rarely receive incentives to stay. Have you encountered any of these practices in your personal life? What are the implications, pro and con, of them? Give details.
9. Design a customer satisfaction questionnaire for high school students and their parents who take a campus visit and are considering applying to a university.
10. How should teams deal with slackers? How would you deal with them in the context of a student project team? Give details
In: Operations Management
Question 3
Companies such as Hungry Lion are operating in an age where the market landscape is changing drastically.
Discuss these changes and the impact the have on the operation of Hungry Lion.
In: Operations Management
FRX set clear conditions to which a steering committee used methods to ensure an answer to the very important question “why this project important?”, and, furthermore, it ensured that we are able to quantify and follow up on the results of their operations in a meaningful way. The model to answer the question itself was not the goal– it is the completion of project that set the standard but also using a simple method to give the project manager and the project organization space to “deliver the goods” in the project and at the same time focus on the realization of process improvement effects which gave credibility to the work, as the conditions and clarifications as for the calculations are qualified to meet the designated budget of $550,000. At the project implementation, the key task for the analysts was to reduce complexity and define roles in the project. With the strong involvement of stakeholders, experts, and the CEO all involved themselves as parts of an organization need to see the value of the planned change.
1. Give three examples of your preferred method implementation tools.
2. Give three examples of how you would quantify the project schedule and plan.
3. Provide an example In your opinion on how would you manage the debt of the company versus the tools to your disposal in the company value of the stock price that is the overhaul capital of the company.
In: Operations Management
Instructions
Write a post for the Discussion Forum on this topic, addressing the questions below. You may use either a written paragraph or bullet-point format. Part 1 should be 2–3 paragraphs in length or an equivalent amount of content in bullet-point form. Responses to your classmates’ posts should be 1–2 paragraphs or several bullet points in length.
Part 1: Product Strategy is about Louis Vuitton Company handbags
Briefly describe your product or service. Where is it in the product development life cycle? What recommendations do you have for improving the offering to fit your target market’s needs? Be sure to consider the following:
How many features does it have and can they be removed or added?
Does the design and/or service deliver what the customer values? If not, how can it improve?
What improvements would help your offering compete more effectively?
Part 2: Respond to Classmates’ Posts
After you have created your own post, look over the discussion forum posts of your classmates and respond to at least two of them.
In: Operations Management
Sony Music Publishing Company wants to decide the price of Saylor Twift’s next album. The company conducted a survey of 1000 customers to estimate the willingness-to-pay (WTP) of the customers. The following table summarizes the results of the survey:
WTP |
Frequency |
$19.99 |
150 |
$18.99 |
200 |
$17.99 |
350 |
$16.99 |
150 |
$15.99 |
150 |
Total |
1000 |
a) If Sony decides to charge the customers $18.99 per album, then what will be the revenue per 1000 potential customers?
b) What is the best price to maximize the revenue?
In: Operations Management
1. What, exactly, are “inventories”? What are the three ‘types,’ or areas, of inventories? 2. Why does a firm hold inventories? In theory, why did that hypothetical car company hold 400,000 cars?? Please discuss three reasons. 3. If our sales volume jumped wildly from month to month, why would it be difficult to match production volume with sales volume each month? 4. What will happen to our “400,000 cars, produced but not yet sold” inventory if, in theory, interest rates were to double, from, say, 10% to, say 20%? Why?
In: Operations Management
A bakery buys flour in 25-pound bags. The bakery uses 1,215 bags a year. Ordering cost is $10 per order. Annual carrying cost is $75 per bag.
You have calculated an EOQ of 18 bags. At that quantity your supplier's sales price is $4 per bag
The supplier tells you that if you buy in quantities of 25 bags, you will only have to pay $3.75 per bag
If total cost is your primary concern, should you buy in quantities of 25?
Group of answer choices
a) No, because the non-discounted price is $5,480
b) Yes, because the discounted cost is $5,980
c) Yes, because the discounted cost is $5,480
d) No, because the non-discounted cost is $6,210
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Discuss potential problems with downsizing as an organization’s first response to a need to cut labor costs.
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Information Security and Standard Organizations
-Find two movies or tv shows and describe three different information security aspects that appear in them.
-What are the main organizations of information systems and what are the codes of ethics of these organizations?
-What criteria can be used to evaluate the quality of an information security system?
In: Operations Management