The Coca-Cola Company
In: Operations Management
The Coca Cola Company
In: Operations Management
What does Advertising's future look like?
In: Operations Management
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: its carpenters (labor force) and a supply of redwood for use in the furniture. During the next production cycle, 1 comma 400 hours of labor are available under a union agreement. The firm also has a stock of 5 comma 200 board feet of quality redwood. Each bench that Outdoor Furniture produces requires 5 labor-hours and 13 board feet of redwood; each picnic table takes 6 labor-hours and 26 board feet of redwood. Completed benches will yield a profit of $12 each, and tables will result in a profit of $18 each. How many benches and tables should Outdoor Furniture produce in order to obtain the largest possible profit?
Number of benches produced equals_______(round your response to
the nearest whole number).
Number of tables produced equals______(round your response to the
nearest whole number).
Optimal solution value = $_______(round your response to the
nearest whole dollar).
In: Operations Management
Q4. Management of the Albert Franko Co. has established goals for the market share it wants each of the company’s two new products to capture in their respective markets. Specifically, management wants product 1 to capture at least 15 percent of its market and product 2 to capture at least 10 percent of its market. Three advertising campaigns are being planned to try to achieve these market shares. One is targeted directly on the first product. The second targets the second product. The third is intended to enhance the general reputation of the company and its products. Letting x1, x2, and x3 be the amount of money allocated (in millions of dollars) to these respective campaigns, the resulting market share (expressed as a percentage) for the two products are estimated to be
Market share for product 1 = 0.5x1 + 0.2x3
Market share for product 2 = 0.3x2 + 0.2x3
A total of $55 million is available for the three advertising campaigns, but management wants at least $10 million devoted to the third campaign. If both market share goals cannot be achieved, management considers each 1 percent decrease in the market share from the goal to be equally serious for the two products. In this light, management wants to know how to most effectively allocate the available money to the three campaigns.
a. Describe why this problem is a weighted goal-programming problem by giving quantitative expressions for the goals and the overall objective. (4 points)
b. Formulate and solve this problem as a linear programming model on a spreadsheet (or Python) & get the optimal solution. (6 points)
c. Interpret this solution to management in its simple English language. What is your recommendation (3 Points)
In: Operations Management
Priam Designs Inc. is recruiting fashion designers through LinkedIn. This recruiting mode typically provides direct access to the _________________ (related to the components of the labor market). What is it called when the performance measure includes criteria that are not part of the job (one word)? How do we determine/calculate whether or not a predictor will result in adverse impact? One of the best ways people learn is through ______, imitating or copying someone else’s behavior. The “Big Five” personality trait of _______ has been found to relate to job performance across most organizations and occupations. 6. To qualify as a tax preparer for a seasonal job at a tax preparation chain, Marin must answer written questions on tax terminology covered in an e-learning course provided by the company. This evaluation is a _________ -level evaluation according to Kirkpatrick’s model. 7. Alvin, a sales representative for a company making industrial solvents, lost a major customer last month. Until then, Alvin's year has been about average in the level of sales. Early in the year, Alvin brought in two new customers of about the size of the customer he lost last month. Alvin's supervisor gives Alvin an unsatisfactory rating in his annual performance appraisal. It is likely that Alvin's supervisor has committed the ___________ error. 8. The purpose of a/an ____________ is to give applicants an accurate idea of the positive and negative aspects of the job so that they can more accurately evaluate the employment situation. 9. What is one disadvantage of internal recruiting? 10. A collection of instruments and exercises designed to diagnose individuals’ developmental needs is called a/an _____________.
In: Operations Management
An electronics distributor sells a technology product with a very short lifecycle. The distributor orders the product from the manufacturer before observing demand and, due to the length of the supply chain, is unable to order more within the product life cycle. The manufacturer builds the product to order at a cost of $50 per unit and sells it to the distributor for $95 per unit. The distributor sells the product to its customers for $180 per unit. Demand for the product during its life cycle is expected to be normally distributed with a mean of 8,000 units and a standard deviation of 3,500. Any units left over at the end of life cannot be sold. In fact, due to hazardous materials used in the product, a fee of $5 per unit must be paid to properly dispose of any leftover units.
a. Using the single period (aka news vendor) model, what order quantity would maximize expected profit for the distributor? (Hint: think about what the price and cost would be from the distributor’s perspective.)
b. What order quantity would maximize expected profit for the supply chain (manufacturer plus distributor, i.e., the “globally optimal” order quantity)? (Hint: think about what the price and cost are for the overall supply chain.)
c. Suppose the manufacturer offers to reduce the price it charges the distributor to $55 in return for 15% of the distributor’s revenue from sales of the product. Explain why this type of revenue sharing contract is beneficial for the supply chain
In: Operations Management
According to Self-Determination Theory explain how managers can motivate employees?
In: Operations Management
Give an example of a “general” coaching statement as contrasted to a “pinpointed” coaching statement. Which is more effective and why?
In: Operations Management
Identify and assess the ways that Pepsi incorporates the market entry options in achieving strategic objectives. Emphasize the challenges, best practices, and applications for Pepsi
In: Operations Management
Using an organization with which you are familiar, identify its corporate culture and the elements of its observable culture. What do you think would need change in order to facilitate innovation? What role would organizational development play in overcoming resistance to change?
In: Operations Management
What trends in business and developments in technology are forcing workers to write more than ever before?
Why is audience analysis so important in the selection of direct or indirect organization strategy for a business message?
Conciseness is valued in business. However, can messages be too short?
In: Operations Management
SOS!!
34) Identify a true statement regarding the efficiency wage theory.
a |
Organizations unwilling to spend on benefits successfully convince employees to work harder than before. |
b |
Organizations that spend more money on employee benefits experience high employee turnover. |
c |
Organizations willing to spend more money on total compensation attract better-qualified people. |
d |
Organizations do not see any impact of social, cultural, and political forces on their benefits programs. |
36)
Which of the following occurs when individuals with substantially different levels of experience, performance abilities, or both in an organization are paid wages or salaries that are relatively equal?
a |
Pay inversion |
b |
External inequity |
c |
Pay compression |
d |
Wage elasticity |
44) Elmer Inc., a software company, has a diverse workforce. Its employees work hard to meet their goals, and therefore, the management of the company has formed several extracurricular groups to help the employees relax. Everyone is free to join any or all of these groups, irrespective of their age, gender, or ethnicity. In the given scenario, which of the following statements is most likely true of Elmer Inc.?
a |
It has an ethnocentric work environment. |
b |
It has high levels of job embeddedness. |
c |
It has achieved full integration of its informal networks. |
d |
It has a hierarchical approach to organizational control. |
In: Operations Management
Quick strategy analysis(100 words max) for New York Times using one of the strategy methods, for examples ( CARTS: • Crisis Perception • Ambidexterity • Reorganization • Targets • Scenario Analysis
In: Operations Management
For the most important goals of my company site: Market research, Product development, Sales leads, list issues of the people could be bringing up in social media.
In: Operations Management