Scenario Background:
A marketing company based out of New York City is doing well and is looking to expand internationally. The CEO and VP of Operations decide to enlist the help of a consulting firm that you work for, to help collect data and analyze market trends.
You work for Mercer Human Resources. The Mercer Human Resource Consulting website (www.mercer.com) lists the prices of certain items in selected cities around the world. They also report an overall cost-of-living index for each city compared to the costs of hundreds of items in New York City (NYC). For example, in London at 88.33 is 11.67% less expensive than NYC.
More specifically, if you choose to explore the website further you will find a lot of fun and interesting data. You can explore the website more on your own after the course concludes.
https://mobilityexchange.mercer.com/Insights/cost-of-living-rankings#rankings
In the Excel document, you will find the 2018 data for 17 cities in the data set Cost of Living. Included are the 2018 cost of living index, cost of a 3-bedroom apartment (per month), price of monthly transportation pass, price of a mid-range bottle of wine, price of a loaf of bread (1 lb.), the price of a gallon of milk and price for a 12 oz. cup of black coffee. All prices are in U.S. dollars.
You use this information to run a Multiple Linear Regression to predict the Cost of living, along with calculating various descriptive statistics. This is given in the Excel output (that is, the MLR has already been calculated. Your task is to interpret the data).
Based on this information, in which city should you open a second office in? You must justify your answer. If you want to recommend 2 or 3 different cities and rank them based on the data and your findings, this is fine as well.
| City | Cost of Living Index | Rent (in City Centre) | Monthly Pubic Trans Pass | Loaf of Bread | Milk | Bottle of Wine (mid-range) | Coffee |
| Mumbai | 31.74 | $1,642.68 | $7.66 | $0.41 | $2.93 | $10.73 | $1.63 |
| Prague | 50.95 | $1,240.48 | $25.01 | $0.92 | $3.14 | $5.46 | $2.17 |
| Warsaw | 45.45 | $1,060.06 | $30.09 | $0.69 | $2.68 | $6.84 | $1.98 |
| Athens | 63.06 | $569.12 | $35.31 | $0.80 | $5.35 | $8.24 | $2.88 |
| Rome | 78.19 | $2,354.10 | $41.20 | $1.38 | $6.82 | $7.06 | $1.51 |
| Seoul | 83.45 | $2,370.81 | $50.53 | $2.44 | $7.90 | $17.57 | $1.79 |
| Brussels | 82.2 | $1,734.75 | $57.68 | $1.66 | $4.17 | $8.24 | $1.51 |
| Madrid | 66.75 | $1,795.10 | $64.27 | $1.04 | $3.63 | $5.89 | $1.58 |
| Vancouver | 74.06 | $2,937.27 | $74.28 | $2.28 | $7.12 | $14.38 | $1.47 |
| Paris | 89.94 | $2,701.61 | $85.92 | $1.56 | $4.68 | $8.24 | $1.51 |
| Tokyo | 92.94 | $2,197.03 | $88.77 | $1.77 | $6.46 | $17.75 | $1.49 |
| Berlin | 71.65 | $1,695.77 | $95.34 | $1.24 | $3.52 | $5.89 | $1.71 |
| Amsterdam | 85.9 | $2,823.28 | $105.93 | $1.33 | $4.34 | $7.06 | $1.71 |
| New York | 100 | $5,877.45 | $121.00 | $2.93 | $3.98 | $15.00 | $0.84 |
| Sydney | 90.78 | $3,777.72 | $124.55 | $1.94 | $4.43 | $14.01 | $2.26 |
| Dublin | 87.93 | $3,025.83 | $144.78 | $1.37 | $4.31 | $14.12 | $2.06 |
| London | 88.33 | $4,069.99 | $173.81 | $1.23 | $4.63 | $10.53 | $1.90 |
| mean | 75.49 | $2,463.12 | $78.01 | $1.47 | $4.71 | $10.41 | $1.76 |
| median | 82.2 | $2,354.10 | $74.28 | $1.37 | $4.34 | $8.24 | $1.71 |
| min | 31.74 | $569.12 | $7.66 | $0.41 | $2.68 | $5.46 | $0.84 |
| max | 100 | $5,877.45 | $173.81 | $2.93 | $7.90 | $17.75 | $2.88 |
| Q1 | 66.75 | $1,695.77 | $41.20 | $1.04 | $3.63 | $7.06 | $1.51 |
| Q3 | 88.33 | $2,937.27 | $105.93 | $1.77 | $5.35 | $14.12 | $1.98 |
| New York | 100 | $5,877.45 | $121.00 | $2.93 | $3.98 | $15.00 | $0.84 |
In: Statistics and Probability
Answer the following question: Were the actions attributed to Mr. Feldheim in this case justifiable in terms of Zwolinski's case for the ethics of price-gouging-- (Zwolinski's case for the ethics of price-gouging-it is morally justified, he criticizes the view that price gouging is morally impermissible, even if it should be legal , Within this criticism, he criticizes the argument that price gouging is coercive, criticizes the argument that price gouging is exploitative, and offers arguments for the moral permissibility of price gouging, He criticizes the view that price gouging reflects poorly on the moral character of the price gouger, even if price gouging is morally permissible)
Why or why not?
A Hoarder’s Huge Stockpile of Masks and Gloves Will Now Go to Doctors and Nurses, F.B.I. Says
The stockpile, slated for medical personnel in New York and New Jersey, includes 192,000 N95 respirators, 130,000 surgical masks and nearly 600,000 medical-grade gloves, the authorities said.Nearly a million medical-grade masks and gloves that were seized this week from a Brooklyn man who was charged with lying to federal agents about price-gouging will go to medical workers in New York and New Jersey, the authorities said Thursday.The need for masks and personal protective equipment, known as PPE, is acute in the New York metropolitan region, an epicenter of the coronavirus pandemic in the United States.The stockpile of supplies that were seized included 192,000 N95 respirators, 130,000 surgical masks and nearly 600,000 medical grade gloves, the authorities said. They said they also had recovered surgical gowns, disinfectant towels, particulate filters, hand sanitizer and spray disinfectant.The man who was charged with lying to federal agents, Baruch Feldheim, 43, charged a doctor $12,000 last month for a large order of masks, gowns and hazmat gear at a 700 percent markup, according to the F.B.I. The agency called it a glaring example of hoarding of medical supplies that are designated as essential under a presidential executive order.When the doctor went to pick up his order at an auto repair shop in Irvington, N.J., which was being used as a warehouse, he saw so many pallets of medical gear, Clorox wipes and hand sanitizer that it would have been enough to supply an entire hospital, a criminal complaint said.“Cracking down on the hoarding of vital supplies allows us to distribute this material to the heroic health care workers on the front lines who are most in need,” Alex M. Azar II, the U.S. Health and Human Services secretary, said in a statement on Thursday.When federal agents first confronted Mr. Feldheim on Sunday, he coughed in their direction and told them that he had tested positive for the coronavirus, the authorities said. He was arrested on Monday and also charged with one count of assault on a federal officer, the criminal complaint said.
Mr. Feldheim’s defense lawyer, James Moriarty, did not immediately respond to a request for comment on Thursday night, but Reuters reported that Mr. Moriarty had denied the charges.In a message on Thursday to his F.B.I. colleagues, Gregory W. Ehrie, the special agent in charge of the F.B.I.’s Newark office, wrote that the efforts of law enforcement officers were making a difference during the health care crisis.“It is gratifying when the challenging and risky work of our agents has such positive and tangible results,” Mr. Ehrie wrote. “Profiteers need to be aware that we are looking for them and will do whatever necessary to help stem the tide of this crisis. The public needs to know that they are a force multiplier in our efforts and should bring us any information that could curtail criminal activity.”The U.S. Department of Health and Human Services said it would pay “fair market value” to the owner of the hoarded equipment.The materials were inspected and redistributed to the health departments of New York State, New Jersey and New York City, the authorities said.
In: Economics
On May 3, 2019, Alice found out she was pregnant and was quite surprised as she at the advanced age of 41. Her first trimester was tough as she experienced severe morning sickness and complications. She asked her supervisor Paul if there was anything she could do about the time she was missing. She felt bad about being late to work or missing for doctor appointments but was willing to do whatever it took to meet her deadlines and be a team player. Paul told her not to worry about it because they would just work around her scheduling needs.
By July 30th, Alice had missed 15 days of work due to maternity appointments and complications that required her to be limited in her activity. She had also been tardy consistently on the days she was at work due to morning sickness. However, her workload was the same as it always had been. As a result, her productivity had decreased, and she was struggling to keep up with her work and meet deadlines. However, her 1st trimester was now complete, and she was experiencing much better health. She had not missed any work or been late to work in 2 weeks.
The company was making financial decisions and decided that it was time to restructure some of the operations, which would result in layoffs. After reviewing the records and looking at each department, ABC Health, Inc. decided how each group would be reorganized. It was determined that Alice’s department of 10 would need to be cut down to 7 employees. Fearing his job might be in jeopardy, Paul (Alice’s supervisor) decided to go to work at his family’s farm and submitted his letter of resignation. ABC Health, Inc. decided the best course of action would be to promote one of the existing employees into the manager position and only lay-off 2 employees.
When reviewing for the promotion, Alice’s file was brought to upper management. Upper management wanted to pass on Alice and give the promotion to Steve, a 37-year-old white man who had just been hired July 2018. There was discussion about Alice’s rapid decline in productivity and efficiency. They also discussed her numerous absences, noting “and you know it will only get worst once her baby is actually born.” Steve, on the other hand, management noted “we don’t have to worry about his family because his wife is a stay-at-home mom and his kids are almost grown.”
The more they discussed and compared Alice and Steven, upper management soon started thinking that Alice should be one of the employee that was laid off due to her performance within the last 3 months. They decide to bring their proposed decision to the human resource manager before taking any action.
You are the human resources manager for ABC Health, Inc. What is the company’s potential liability if upper management decided to promote Steve instead of Alice? What is the company’s potential liability if it is decided that Alice should be laid off? How would you advise management? Explain your answer.
In: Economics
10. Analysis of market share is a key to understanding the firm’s:
a. social and cultural environment.
b. technological environment.
c. demographic strengths.
d. competitive environment.
11. Donna has recently started a unique music store that not only sells musical instruments and music CDs from all over the world, but also features regular performances by renowned artists. The store also has a karaoke section where customers can try their hand at singing. Which of the following promotion tools does Donna have direct control over?
a. A consumer's review of the store on her personal blog
b. Donna's customers informing their relatives and friends about
the store
c. An ad campaign managed by an advertising agency hired by the store
d. Word-of-mouth publicity through customers who visit the stores
12. Marketers can directly control most of the promotional tools
they use. The tool that they are least likely to have control over
is:
a. messages delivered by salespeople to the consumers.
b. publicity.
c. personal selling.
d. advertising messages and their placement in the media.
13. A defines the jobholder’s responsibilities.
a. job specification
b. job forecast
c. job description
d. job design
14. Many have no expectation that employers will be loyal to
them, and they do not feel that they owe their companies strong
loyalty in return.
a. older workers
b. women
c. younger workers
d. workers with disabilities
15. A major challenge human resource managers face with their Millennial generation employees is that:
a. many of these workers lack education and experience, leading to high training costs at a time when most American firms are under pressure to keep labor costs as low as possible.
b. they have high loyalty to their employer ,resulting in high labor turnover.
c. workers in this generation are more likely than other workers to demand flexible work schedules so that they can enjoy a better work-leisure balance.
d. this very large group is nearing retirement, raising the possibility that firms will lose many of their most talented and experienced employees.
16. Southwest Airlines' executive chairman states, "We value our employees first." Which of the following statements best explains this statement?
a. Southwest Airlines has only had to lay-off 5 percent of its workforce during the Great
Recession, in part due to its emphasis on employees.
b. The activity of HR is important in an organization but all profit-making activities should be prioritized before employee satisfaction and employee retirement.
c. A company’s people are its lifeblood. They are the face and hands of the enterprise. To that end, Southwest Airlines values its employees as its most valuable asset.
southwest Airlines exclusively focuses on attaining the profit maximization goal as a way to retain employees.
17. Companies that get the most from their people often consider investment.
a. top management
b. trade unions
c. crowdsourcing efforts
d. human resources
18. The Yearly Company’s balance sheet showed $18,000,000 in Retained Earning and $5,000,000 in Net Income. The company has issued 2,000,000 shares of common stock. The EPS amount is:
a. $9.00
c. $6.50
b. $2.50
d. $11.50
e. none of these
19. A balance sheet identifies cash flows from three types of
activities: production, sales, and promotional activities.
a. True
b. False
20. Stockholders would most likely use accounting information
provided by their firm to:
a. make capital budgeting decisions.
b. gauge whether the firm is generating a satisfactory return on
stockholders' investment. c. determine whether the firm can repay
them for the orders it places.
d. obtain information needed to fill out their individual tax
returns.
e. none of the above
In: Accounting
1. In mice, one of the gene determining coat color is the A gene, which has multple alleles. two of these are an Allele for black hair (a) and allele for yellow hair (Ay) . (Ay) is completely dominant to a; however, for reasons that are unclear ( at least to me), AYAY mice always die before embroyic development is completed.
a) two mice with yellow hair mate with each other. what are the genotype of the mice?
b) for this cross, give the expected genotype (s) and phenotype (s) for pups that survive embroyic development. A punnet square may help you to solve this part of the probelm.
2. The lubber grasshopper is very large, and as nymph is black with red and yellow stripes, Assume that individuals with the genotype RR have red stripes; that individuals with phenotype rr have yellow stripes; and that individuals with genotype Rr have both red and yellow stripes.
a) if you cross two grasshoppers that, as nymphs, had both red and yellow stripes, then give the expected genotype (s) and phenotype (s) for the offspring. A punnet square may help you to solve this part of the problem.
b) If you cross a grasshopper with both red and yellow stripes with one that has just red stripes, then give the expected genotype (s) and phenotype (s) for the offspring. Again, a punnet square may help you to solve this part of the problem.
3. The common grackle is a blackbird that is common over most of thge eastern and central united states. Suppose that, in grackles, the alleles for long tail (L) is cpmpletly dominant to the alleles for short tail (l). A female with a short tail mates with a long-tailed male, and that mating produces a brood of four chicks- of which just one chick survives, and that a short tail.
a) what is the genotype of the female parent?
b)what is the genotype of the male parent?
c) what is the genotype of the one survival chick?
d) imagine that, instead of just one chick surviving, all four survived. give the expected genotype (s) and phenotype (s) for the chicks. Apunnet square may help you to solve this part of the problem.
4. in human, tongue rolling is controlled by a single gene (the R gene); for that gene, the rolling alleles (R) is completely dominant and the non-rolling (r) is reccessive. Also in human, curly hair is controlled by a single gene (the H gene); for the gene, the curly-hair allele (H) is completely dominant and the straight-hair allele (h) is recessive.
a) there is a curly-haired non-tongue rolling man, and of the man's parents has straight hair. what is man's genotype?
b) there is a straight-haired tongue-rolling woman,and one of the woma's parents is a non-roller. what is the woman's genotype?
c) the man from part a marries the woman from part b. give the expected genotypoe (s) and phenotype (s) of their children. Be sure to use a punnet square to solve this part of the problem.
5) In the breeding season, male anole lizards court females by bobbing their heads up and down while displaying a colorful throat patch. suppose that the allele for fast head-bobbing (F) is completely dominant to the allele for slow bobbing (f), and that the allele for red throat patch (R) is completely dominant to the allele for a yellow throat patch (r). further, suppose that a female homozygous recessive for both traits mates with a male homozygous dominant for both traits.
a) for the offspring of this pairs- the F1 generation give the expected genotype (s) and phenotype (s).
b) imagine that one of the F1 individuals mates with an unrelated individual of identical phenotype. if this happens, then the offspring of this mating would be expected to have what genotype (s) and phenotype (s)? be sure to use a punnet square to slove this part of the problem.
In: Biology
In: Economics
***USING JAVA Scenario: You will be writing a program that will allow a user to find and replace misspelled words anywhere in the phrase, for as many words as the user wishes. Once done (see example runs below), the program will print the final phrase and will show the Word Count, Character Count, the Longest Word and the Shortest Word.
Requirements:
Do not use Arrays for this assignment.
Do not use any String class methods (.phrase(), replace methods, regex methods) that parse the phrase for you. You will be writing the search and replace algorithm yourself
The blank spaces between words are not included when replacing a word. Your code should ignore them as it matches and replaces misspelled words.
For now, leave off any punctuation at the end of the phrase (or ignore it).
Make sure your code is neat and well structured / well-tabbed (this will help with debugging!), appropriately commented, with a comment header at the top.
This is a fantastic cumulative learning assignment. Write out pseudocode for this assignment and plan your implementation. This will help immensely!
Each occurrence of a misspelled word should be replaced, and I should be able to replace many different words through the use of the program (see below).
By “replaced” I mean that the final string that contains your phrase should contain the version with all misspellings desired by the user corrected.
If there are “longest” and “shortest” words that tie for character length, the most recent occurrence of either should “win.” For example: “Its either of or to but not both!” the shortest word would be “to”, the most recent shortest word towards the end of the phrase.
Due: Tuesday, September 24th by 11:59 p.m. on Canvas. (See Example Output on next page )
Short Run:
Please enter phrase to adjust: We aer teh Dukes of JMU
Enter word to be replaced: aer
Enter word to replace with: are
Current Phrase Version: "We are teh Dukes of JMU "
Continue Replacing Words? (y or n):y
Enter word to be replaced: teh
Enter word to replace with: the
Current Phrase Version: "We are the Dukes of JMU "
Continue Replacing Words? (y or n):n
Final Phrase:
============================
We are the Dukes of JMU
# of Words: 12
# of Characters: 24
Longest Word: "Dukes"
Shortest Word: "of"
============================
Longer Run:
Please enter phrase to adjust: When in teh course of humen events it becomes necessary for one poeple to dissolve the political bands that have connaected them with another
Enter word to be replaced:teh
Enter word to replace with:the
Current Phrase Version: "When in the course of humen events it becomes necessary for one poeple to dissolve the political bands that have connaected them with another "
Continue Replacing Words? (y or n):y
Enter word to be replaced:poeple
Enter word to replace with:people
Current Phrase Version: "When in the course of humen events it becomes necessary for one people to dissolve the political bands that have connaected them with another "
Continue Replacing Words? (y or n):y
Enter word to be replaced:connaected
Enter word to replace with:connected
Current Phrase Version: "When in the course of humen events it becomes necessary for one people to dissolve the political bands that have connected them with another "
Continue Replacing Words? (y or n):y
Enter word to be replaced:humen
Enter word to replace with:Human
Current Phrase Version: "When in the course of Human events it becomes necessary for one people to dissolve the political bands that have connected them with another "
Continue Replacing Words? (y or n):n
Final Phrase:
============================
When in the course of Human events it becomes necessary for one people to dissolve the political bands that have connected them with another
# of Words: 96
# of Characters: 141
Longest Word: "connected"
Shortest Word: "to"
============================
In: Computer Science
Case 2: Jackson v. Plainfield Healthcare Center, 612 F.3d 908 (7th Cir. 2010) (Mallor 15th p. 1349).
The following facts are inspired by, but change and expand upon, the facts appearing in the above cited case.
Two residents of Wheatfield Healthcare Center, a privately run nursing home employing more than 50 employees, requested that only white employees provide their care. Wheatfield complied with its residents' racial preference partly due to its interpretation of a state regulation governing long-term care facilities, which supposedly gave residents the right to “choose a personal attending physician and other providers of services.”
Supervisors at Wheatfield instructed Jennifer Jackson, who worked as a certified nursing assistant (CNA) and who was the only African-American employee at Wheatfield, about the care restrictions for these residents. In addition, the shift assignment sheet, which Jackson received every day, included a notation next the residents' names stating, “No Black CNA!” Jackson found this embarrassing and frustrating; however, to keep a job she badly needed, she did not complain and complied with the restriction. Nonetheless, she believed this situation contributed to a general air of hostility toward her. Several employees used vulgar racial epithets to refer to Jackson. One white employee complained loudly that Wheatfield should stop hiring black employees because it made more work for her. Jackson's friend, Arnie Lucas, complained to the human resources department on Jackson's behalf about the co-workers' behavior. Shortly thereafter, Lucas was placed on probation, making him ineligible for overtime shifts.
Jackson badly injured her back helping a resident into bed. She required extensive surgical care, physical therapy, and rehabilitation. When she was ready to return to work, her doctor restricted how much weight she could lift. The restriction was expected to be permanent. Jackson's supervisor refused to allow her to return to work with the restriction and, eventually, Jackson was fired.
Wheatfield required all of its healthcare workers to submit to periodic mandatory drug tests. Not wanting Jackson to get any unemployment compensation after her termination, Wheatfield's president and CEO instructed Bettina Collins, the human resources manager, to testify falsely at Jackson's eligibility hearing that Jackson had failed her last drug test. When Collins refused to lie, she was fired.
|
1. Jackson has provided indirect evidence of racial discrimination in employment thereby triggering the McDonnel-Douglas shifting burden of proof: her supervisors’ shift assignment notations about her race and the harassing behavior of its employees which subjected her to a hostile work environment. |
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2. Wheatfield cannot justify its restricting Jackson from working with residents who expressed a racial preference as a bona fide occupational qualification (BFOQ) necessary to give residents the right to “choose a personal attending physician and other providers of services.” |
|
|
3. Lucas lacks a valid claim for unlawful discrimination under Title VII, because there is no indication he was discriminated against because he is a member of a protected class. |
|
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4. Jackson is entitled to workers’ compensation benefits for her injured back and, upon her return to work, to a reasonable accommodation that allows her to perform the essential functions of her job. She is also entitled to unemployment compensation benefits upon her being fired and unpaid leave while she recovers from her injuries. |
|
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5. Assuming Bettina Collins is an employee at will, she can be fired by Wheatfield at any time with or without cause, and Wheatfield has no liability for wrongful discharge from employment. |
In: Operations Management
Please provide 1-2 example for each domain and then apply next tables's risk control or risk finance techiques to each example.
Table - 1
| Domain | Description / Example |
|---|---|
| Operational | The business of healthcare is the delivery of care that is safe, timely, effective, efficient, and patientcentered within diverse populations. Operational risks relate to those risks resulting from inadequate or failed internal processes, people, or systems that affect business operations. Included are risks related to: adverse event management, credentialing and staffing, documentation, chain of command, and deviation from practice. |
| Clinical / Patient Safety | Risks associated with the delivery of care to residents, patients and other healthcare customers. Clinical risks include: failure to follow evidence based practice, mediation errors, hospital acquired conditions (HAC), serious safety events (SSE), and others. |
| Strategic | Risks associated with the focus and direction of the organization. Because the rapid pace of change can create unpredictability, risks included within the strategic domain are associated with brand, reputation, competition, failure to adapt to changing times, health reform or customer priorities. Managed care relationships/partnerships, conflict of interest, marketing and sales, media relations, mergers, acquisitions, divestitures, joint ventures, affiliations and other business arrangements, contract administration, and advertising are other areas generally considered as potential strategic risks. |
| Financial | Decisions that affect the financial sustainability of the organization, access to capital or external financial ratings through business relationships or the timing and recognition of revenue and expenses make up this domain. Risks might include: costs associated with malpractice, litigation, and insurance, capital structure, credit and interest rate fluctuations, foreign exchange, growth in programs and facilities, capital equipment, corporate compliance (fraud and abuse), accounts receivable, days of cash on hand, capitation contracts, billing and collection. |
| Human Capital | This domain refers to the organization’s workforce. This is an important issue in today’s tight labor and economic markets. Included are risks associated with employee selection, retention, turnover, staffing, absenteeism, on-the-job work-related injuries (workers’ compensation), work schedules and fatigue, productivity and compensation. Human capital associated risks may cover recruitment, retention, and termination of members of the medical- and allied-health staff. |
| Legal / Regulatory | Risk within this domain incorporates the failure to identify, manage and monitor legal, regulatory, and statutory mandates on a local, state and federal level. Such risks are generally associated with fraud and abuse, licensure, accreditation, product liability, management liability, Centers for Medicare and Medicaid Services (CMS) Conditions of Participation (CoPs) and Conditions for Coverage (CfC), as well as issues related to intellectual property. |
| Technology | This domain covers machines, hardware, equipment, devices and tools, but can also include techniques, systems and methods of organization. Healthcare has seen an explosion in the use of technology for clinical diagnosis and treatment, training and education, information storage and retrieval, and asset preservation. Examples also include Risk Management Information Systems (RMIS), Electronic Health Records (EHR) and Meaningful Use, social networking and cyber liability. |
| Hazard | This ERM domain covers assets and their value. Traditionally, insurable hazard risk has related to natural exposure and business interruption. Specific risks can also include risk related to: facility management, plant age, parking (lighting, location, and security), valuables, construction/renovation, earthquakes, windstorms, tornadoes, floods, fires. |
Table - 2
| Risk Control Techniques | Risk Financing Techniques |
|
1. Avoidance 2. Prevention 3. Reduction 4. Segregation 5. Non-Insurance Transfer |
1. Retain – Self-insure 2. Transfer – Insurance 3. Non-Insurance Transfer |
In: Operations Management
Please Use your keyboard (Don't use handwriting)
MGT 311
I need new and unique answers, please. (Use your own words, don't copy and paste)
Please re-write my answer by using another words.. I need new and unique answers, please. (Use your own words, don't copy and paste)
________
Please re-write my answer by using another words.. I need new and unique answers, please. (Use your own words, don't copy and paste)
1.
A paper manufacturing organization:
The operations process here will have the entire supply chain comprising of sourcing to inventory management to production to finished goods storage to dispatch. The production process will be a major operations area that will involve issue of raw material from stock to the flow of this material through different processes at plant. There would be WIP/inventory at the end of each process step. Finally the end product will be packed as per specifications post inspection and stored for dispatch to customers.
There will be several decisions required to be taken here like what kind of raw material inventory to keep and the reorder points for the same, what capacity planning to be done depending on the demand, the processes/machines to be run as per the timelines and monthly targets defined, the internal mapping of manpower to processes, the output to be dispatched at the right time to the customers will all quality specifications met
An internal design office: An internal design office will be service organization working for clients to provide designs be it for architectural purposes or for home furnishing industry, etc. Here the operation process will be more streamlined and simpler where based on customer requirements, there will be team assigned to work on software to come up with the required design. One change here that we will see compared to a paper manufacturing organization is that even when the design is made, it can undergo iterations basis feedback received from customers.
The operations decisions will largely be on the expected timelines for creating a design, the manpower required to finish the project, the requirement for additional tools/software to aid in completion of work, etc.
2.
Marketing: Marketing may see this as an internal shift of thought process and their outgoing communication to stakeholders need to be aligned accordingly
Finance will see this as a change in the operating model and the MIS and operating performance need to be tracked likewise so that the accountability for the profitability of different work centers is not compromised
Human resources may feel concerned about the existing manpower and the skills they possess whether adequate to make this move
Accounting will need to look at the costs in a different manner compared to what was being done in a batch process and align with Finance
Information systems will need an overhaul as there would be a major ERP change due to this
3.
A soap factory is a manufacturing unit which has raw materials procured from different vendors, the raw materials are stored in a central location, issued in batches for production based on demand outlook and manufactured at different steps. The end product is then packed in the packing dept. and post inspection stored in batched ready to be dispatched to distributors/sellers
In: Operations Management