Book: Operations and Supply Chain Management Jacobs & Chase 14e
19. Describe the Six Sigma Philosophy, DPMO, and DMAIC and explain the main difference between it and Lean Philosophy. (300 words approximately)
In: Operations Management
Environmental Planning and Protection Organization, in year 2000, published a news, about defective device which was manufactured by one of the leading Auto Brand, Bugatti. The news exposed that many models of these cars, which were being sold in Europe, had a defective device installed. This device could change a car’s performance to improve its emissions results when being tested. After the investigation, the Bugatti officials have admitted for cheating in the test. Bugatti had to pay a hefty amount for damages as a result of the scandal, notably a $16 billion fine from the Environmental Planning and Protection Organization (EPPO). After being exposed globally, their share value dropped by 30 percent, wiping out over $33 billion in shareholder value. Bugatti’s management was faced with a series of criticism. The different publications expressed the view that Bugatti’s autocratic leadership style has long been out of date and that the organisation was missing effective corporate governance.
a. Bugatti is a high profile multinational auto industry. They have a rich legacy of top corporate leadership and highly skilled employees. They are equipped with modern technology, quality research, potential strategy, business development, and effective internal control system. What do you suggest, should be company’s vision and strategy to avoid huge fine, criticism, and defamation?
b. What do you think, if they would have followed conceptual framework, they would have not paid that much. Which conceptual framework was most related to this case study and why? (5 Mark
In: Economics
In an attempt to improve budgeting, the controller for Meliore, Inc., has developed a flexible budget for overhead costs. Meliore, Inc., makes two types of products, the standard model and the deluxe model. Meliore expects to produce 300,000 units of the standard model and 120,000 units of the deluxe model during the coming year. The standard model requires 0.05 direct labor hour per unit, and the deluxe model requires 0.08. The controller has developed the following cost formulas for each of the four overhead items:
Cost Formula:
Maintenance $34,500+ $1.25 DLH
Power $0.50 DLH
Indirect labor $68,400+$2.30 DLH
Rent $31,500
1. Prepare an overhead budget for the expected activity level for the coming year.
2. Prepare an overhead budget that reflects production that is 10 percent higher than expected (for both products) and a budget for production that is 20 percent lower than expected.
Notes:
Can you please show me step-by-step (all calculations necessary) as to how to arrive at the correct answer?
Please provide your answer on spreadsheet as it is diffcult to read handwriting.
In: Accounting
In an OB context what is meant by "employee diversity"? Why is a good understanding important to an organization?
In: Operations Management
Loretta Scholten bought a home for $210,000 with a down payment of $30,000. Her rate of interest is 6% for 35 years. Calculate the total cost of interest for Loretta Scholten. (Round your answer to the nearest cent.)
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In: Finance
Use audience insights to study the target audience of DoorDash. What valuable information do you find? How can you leverage that information?
In: Operations Management
State the advantages and disadvantages of using a virtual private network
In: Computer Science
1)Which of the following describes a reason that firms may operate more efficiently than individual producers?
Limited liability increases a firm's access to credit
Transaction costs of production through the market exchange is greater than within the firm
All of these answers
2)
The behavior of potential buyers is represented by ___________ and the behavior of potential sellers is represented by __________.
the individual utility function; the production function
the individual utility function; the market supply function
the market demand function; the production function
the market demand function; the market supply function
In: Economics
On March 31st, 2020, you take delivery of a $100,000 T-bond that matures on October 31st, 2030. The coupon rate on the T-bond is 4.20% and the current yield to maturity on the bond is 3.80%. The last coupon payment occurred on October 31st, 2019 and the next coupon payment occurs on April 30th, 2020. Calculate the clean and dirty prices of this transaction.
In: Finance
Calculate the pH for each of the following cases in the titration of 50.0 mL of 0.140 M HClO(aq) with 0.140 M KOH(aq). The ionization constant for HClO can be found here. A. before any KOH is added B. after 25.0 ml is added c. after 30.0 ml is added d. after 50.0 ml is added e. after 60.0 ml is added please help!
In: Chemistry
Someone holds X stock (ABCD.JK). To minimize the risk, he wants to add another stock, He is considering to add Y (EFGH.JK) or Z (PQRS.JK). He gathers some information to help him make a decision:
EFGH.JK |
PQRS.JK |
|
Beta |
1.25 |
0.79 |
Standard Deviation |
0.16 |
0.28 |
Correlation with ABCD.JK |
0.555 |
0.155 |
Return |
5.1% |
18% |
The standard deviation of ABCD.JK is 0.1 and the return of ABCD.JK is 4%. The investor wants to build an equality weighted portfolio (both 50% weight). To help him decide, please calculate:
a. The portfolio’s expected return of ABCD.JK and EFGH.JK
b. The portfolio’s expected return between ABCD.JK and PQRS.JK
c. The portfolio’s standard deviation between ABCD.JK and EFGH.JK
D. The portfolio’s standard deviation between ABCD.JK and PQRS.JK
e. Which stock should he add? DEFG.JK or PQRS.JK? Explain!
In: Finance
In: Nursing
New-Project Analysis The Campbell Company is considering adding a robotic paint sprayer to its production line. The sprayer's base price is $840,000, and it would cost another $22,500 to install it. The machine falls into the MACRS 3-year class (the applicable MACRS depreciation rates are 33.33%, 44.45%, 14.81%, and 7.41%), and it would be sold after 3 years for $560,000. The machine would require an increase in net working capital (inventory) of $18,500. The sprayer would not change revenues, but it is expected to save the firm $496,000 per year in before-tax operating costs, mainly labor. Campbell's marginal tax rate is 40%.
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In: Finance
The world greatest polluters are the US, China, India and Europe but the global South ( countries in the Central and Latin America, the Caribbean, Africa and Asia) are suffering from from adverse effects of climate change like recurrent and high grade hurricanes, drought, rising water levels, and the gradual disappearance of biodiversity. People now write about the "Ecological Debt" that the West owes the Rest of the world.
QUESTION 1) Is it possible for the developed world to remedy the damages it incurred to the rest of the developing world? If no, why not? If yes, how?
In: Operations Management
the government should expand environmental regulations to promote job , for example " green jobs"and " green" industry .
How does government to do so in specific ways?
In: Economics