Ashiful, Nafi, Ayaz, asif, Ribatul, and Jahid are friends. They are planning a bag packing trip to Cox's Bazar. Ashiful, Nafi, and Ayaz prefer to stay at The Royal Tulip Hotel for its beautiful decor but Asif, Ribatul, and Jahid prefer The Beach Way as that's cheap and budget-friendly. After a lot of discussions and arguments, they finally chose to stay at The Beach Way. In this example, The Beach way is competing with The Royal tulip on the basis of: Flexibility Cost Service Quality Location Shihab wants to buy a sneaker from Nike. So, he checked e-commerce sites like Ali Express and Amazon Prime. He is very keen on having it as soon as possible. Therefore, he placed an order at Amazon Prime because they offer the fastest delivery. This is an example of: Value added Lean Management Agility O Both Lean and Agility
Q: a) GOT7 Soda Pop, Inc., has a new fruits drink. The production planner has assembled the following…
A: General notes : This is a case of aggregate plan with multiple possible answers based on the…
Q: Describe the design phase of the DMAIC process. What are the four parts of the design phase?
A: DMAIC process:- A data-driven quality technique called Define, Measure, Analyze, Improve, and…
Q: you are the operation manager for a high-end furniture manufacturers. your marketing department has…
A: Facility layout:- Special consideration must be given to the facility layout if an organisation is…
Q: a) For what value of ordering cost would its action be optimal? Its action would be optimal given an…
A:
Q: c) Explain the role of the sponsor in a project organization and his/her relationship with the…
A: Project sponsors are those individuals who stay responsible for the success of a project right from…
Q: 2- A project to develop technology training seminars is 5 days behind schedule at day 65. It had a…
A: From the above given information, The number of planned scheduled days, S =65…
Q: Formulate the problem as a linear programming model.
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Calanute Beach Resort, a fictional seaside luxury hotel in Goa, India, had the following occupancy…
A: Find the Given details below: Given details: Month Occupancy Rate in % 1 65 2 68 3 72 4…
Q: Explain why integration of reliability engineering into product life cycle is essential.
A: Reliability: Reliability is defined as, a system or components that provide the…
Q: 3. Cynthia Knott’s oyster bar buys fresh Louisiana oysters for $5 per pound and sells them for…
A: Note: - For a multiple subparts question we can answer only up to three subparts. So we will answer…
Q: A newly formed firm must decide on a plant location. There are two alternatives under consideration:…
A: Here, there are two locations, Omaha, and Kansas City, for each location, we have the following…
Q: Below is the number of complaints received in a department store for the first six months of…
A: A moving average is a strategy to acquire an overall understanding of the patterns in a data…
Q: lves conforming to proj
A: You can't stress enough how vitally important quality is to successful project management. With…
Q: With a = 0.1 and the initial forecast for October of $1.83, using exponential smoothing, the…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: ou have the following information: Demand rate = 250 units per hour Lead time = 15 hours container…
A: Let Demand per unit of time = D Lead time = T Container capacity = C Buffer = X
Q: 8.7 Insurance Company of Latin America (ILA) is consid- ering opening an office in the U.S. The two…
A: The weighted average considers the relative frequency or relevance of particular variables in a data…
Q: i) ii) Draw the Network Diagram and find the Critical Path. If Dummy Activity occurs then find the…
A: As per Bartleby guidelines, we can only solve one question at a time...Kindly upload the other…
Q: What are the 5 stages described to implementing Six Sigma?
A: The five stages of six sigma are DMAIC or known as Define, Measure, Analyze, Improve and Control. 1.…
Q: Problems 2 Helen Murvis, hospital administrator for Portland General Hospital, is trying to…
A: A decision table indicates the decision-making reason & the corresponding activities taken in a…
Q: Discuss the need to manage inventory in the monetary context.
A: Inventory is one of the most vital elements of any business model. A close tab on the passage of…
Q: you guarantee the product's quality after it has been manufact m other outsources arrive at your…
A: It's common parlance to discuss the "quality" of almost every product we use on a daily basis,…
Q: Company B sold 50% of the 5,000 items that it carried last week. There were 500 items for which some…
A:
Q: Given the following financing project being considered by a venture firm, find the probability of…
A: The critical Path Method is an important project management tool. It is a graphical representation…
Q: a. Draw a project network. b. Identify the critical path. e Develop the activity schedule for the…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Consider the data below: Month Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Demand 259 319 214 289…
A: Demand forecasting can be stated as the approach of making or framing predictions or estimations…
Q: What can purchasing do to implement just in time deliveries?
A: The just-in-time often called the JIT inventory system can be stated as the management strategy that…
Q: In the welding operations of a bicycle manufacturer, a bike frame has a flow time of about 12.75…
A: The detailed solution is given in Step 2.
Q: Describe the need of having a solid plan in place for switching from old systems to an integrated…
A: Enterprise resource planning is a business suite, software system or commonly known as a process…
Q: A car dealer has warehouses in Millville and Trenton and dealerships in Camden and Atlantic City.…
A:
Q: What is the estimated payoff for adding a new building during moderate demand?
A: Mathematic models of decision-making help businesses take the correct decision for their operational…
Q: A Tea Enterprise makes tea bags and employs families of children with special needs. At plant A…
A: Let x be the number of hrs for Tealicious. Let y be the number of hrs for Libertea.
Q: nges to strategic
A: To maintain their office buildings, equipment, and infrastructure in excellent working order, the…
Q: The company wants to know how many units of each product to produce on each machine to maximize…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: A. Create a table showing the variables, objective function, and constraint. B. Create a set of…
A: Linear programming is a mathematical technique that is commonly used in operations management…
Q: Use the following information to compute a single exponential smoothing model forecast with a…
A: From the above information, Let, Forecast for period 1 =f1 =115 Actual value for period 1 =a1…
Q: A firm must decide whether to construct a small, medium or large stamping plant. A consultant’s…
A: (Note: All the currency values are in Million)
Q: Question 3.1 Kim's Convenience store has a variable demand. On a given day, demand ranges from…
A: Customer satisfaction may be positively or negatively impacted by your order cycle time. An extended…
Q: The following table gives the number of pints of type A blood used at Damascus Hospital in the past…
A: Given data is
Q: 1. A store is determining how potato chips to order considering the annual demand for this is 200,…
A: Here, I need to determine the optimal order quantity value for the given data like annual demand for…
Q: 1 The demand for automobiles at Crescent Auto Dealers for the past 8 weeks is as follows.…
A: Find the Given details below: Given details: Week Auto Demand Weights 1 9 0.1 2 11 0.3 3…
Q: upply chain strategies will differ between ________.
A: Supply chain strategy is a way through which most of the companies optimize their supply chain and…
Q: As manager of the St. Cloud Theatre Company, you have decided that concession sales will support…
A: Find the given details below: Given details: Item Selling Price Variable cost % of revenue…
Q: the upper specification limit USL equals 60 minutes and the lower specification limit equals 10…
A: Quality control is described as a process through which it is ensured that the produced goods or…
Q: PROBLEM 7 Eyewitness News is shown on channel 5 Monday through Friday evenings from 5:00 P.M. to…
A: Note: The question here is only to maximize advertising revenues and not only revenue. If revenues…
Q: a) How is PERT Analysis conducted to estimate the activity duration with more reliance? Discuss it…
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: Period 1 2 3 4 Actual 42 41 39 43 15 F
A: Ans) Weighted Moving Average. Formula: F(t) = w1*D(t-1) + w2*D(t-2) + w3*D(t-3) +w4*D(t-4) w1= 0.4…
Q: a) An electronics firm produces electronic components, which it supplies to various electrical…
A: Find the Given details below: Given details: Employee Component A B C D E F 1 30 24 16 26…
Q: Product X is made of 2 units of Y and 3 of Z. Y is made of 1 unit of A and 2 units of B. Z is made…
A: Lot for lot is used for all components except Y and C. The minimum unit requirements for Y and C is…
Q: 1 A company decides to establish an EOQ for an item. The annual demand is 100,000 units. The…
A: Ordering cost is the total cost that company in incurrd to order and transport the product to The…
Q: Demand is Normally distributed with a mean of 66 per week and a weekly variance of 3. The ordering…
A: NOTE: We are allowed to do one question only. Mean demand = 66 Variance = 3 Ordering cost = 57.5…
MGT 314 (Operation Management)
MCQ:
Step by step
Solved in 2 steps
- A railroad is being proposed by the government to join two neighboring cities. The railroad will significantly reduce the travel time between the two cities. The only concern is that to set up the infrastructure for the railroad, approximately ten square miles of forests will need to be cleared. The forest is known for its flora and fauna and regularly attracts people from all over the country. Any construction activity in the forest would deprive future generations of this rich heritage. Thus the plan for the proposed railroad has been shelved because of the idea that the environment should be protected so that future generations may live in it, and have the choices as individuals have today. The above is an example of: Group of answer choices a. an aesthetic argument b. incentives c. an environmental impact statement d. externalities e. social fairnessKeegan and Hossein founded Apadana Holdings, which operates under the name Mica Paint and Hardware. Their primary establishment, Mica Parktown North, was constructed from scratch and launched on August 25, 2021, with the purpose of catering to the community members and construction professionals in the vicinity. The business recently purchased an additional store in Emmarentia and commenced operations six months ago. The duo intends to broaden their operations to Bryanston within the time frames of 2024 and 2025. The initial capital investment for the establishment of Mica Parktown North, the group's first store, was R4.5 million. However, on the opening day of 2021, this amount suddenly increased to R6.5 million. After experiencing an initial decrease in the number of people visiting the store when it first opened, there has been a consistent and noticeable growth in foot traffic. As a result, the store is now becoming the preferred brand for local residents. The store now handles an…Sarah has a startup business that makes two distinct bird feeders that she has designed. Sarah is planning on operating a small factory to build the bird feeders. She is looking at two possible locations, A and B. If she chooses location A, the lease on the building will be higher than location B, thus leading to higher fixed costs than what she would have with location B. However, if she makes more than 20,000 units, both locations will likely have to be expanded, both the physical buildings and the manufacturing equipment. Variable costs to produce each unit will vary by location as well as by product. For example, the first design will have variable costs of $10 and $15 in locations A and B respectively, while the second bird feeder design will have variable costs of $20 and $25 respectively depending on location. However, she thinks that variable costs will decrease if she sells more than 5,000 units, as she will receive discounts from her suppliers at that point. She is unsure of…
- Sarah is a designer, but her passion is to paint. To pursue her passion Sarah would like to have an exhibition of her art work for a week. She contacts four landlords with a proposal of renting their places for a week and to her surprise all 4 accept the idea. Characteristics of each location are as follows: Sarah wants to know if people like her paintings enough to buy them. Decision objectives:1- Space not less than 600ft2.2- Location3- Decoration4- Facilities5- Overall budget including rent for one week not to exceed $300 Which store is Sarah going to choose for her art exhibition? Explain your chain of thoughts and the process.Lorraine has received a lump sum of R500 000.00 from her retirement fund. She intends to usethese funds to start a student accommodation business. In order to start this business, Lorrainewould need approximately R1 million, funds are needed for building the students accommodationapartments and to register with various regulatory bodies. She has to source additional funding inorder to realise this dream. In the business plan, Lorraine has outlined the following:• Accommodation will be offered ONLY to students in Cape Town, Johannesburg,Mpumalanga and Polokwane.• ONLY females will be approved to reside in these houses, between the age of 18 - 35.• Marketing of the business will be done on community Radio stations only at the fourmentioned cities.• It is going to be a family business, Friends and relatives are in support of the idea but arenot able to support the business financially There are three types of Market coverage. Explain the type of market coverageapplicable to Lorraine’s…Maurice is a well-established roofer within his local area. However, he is wanting to expand and gain new customers in the neighbouring town, where he currently is relatively unknown
- Alam a business person lives in Dhanmondi where he has to pay. Tk. 38000 per month asrent. His father lives in comilla in his own house. The overall property of his fatheramounting to be near about Tk. 1.25 crore. Alam has two more brothers and one sister. Alamis planning to buy a ready flat in dhanmondi but due to lack of hard cash cannot afford therequired amount of down payment. He is asking his father to distribute their property. One ofhis brother wishes to sale the property to a developer company. But alam did not support hisdecision as he is planning to pledge the property for his loan. He is planning to take a homeloan from Eastern Bank Ltd where he has to pay around 20% as down payment. He islooking for a guarantor for his loan as well as planning to accumulate fund for making downpayment.Discuss all the possible types of estates along with applicable rights and legal requirementsand possible types of mortgage loans mentioned in the case.There are three potential locations: Charlotte, NC; Atlanta, GA; and Columbia, SC.Charlotte would involve a fixed cost of $4,000 per month and a variable cost of $4 per unit;Atlanta would involve a fixed cost of $3,500 per month and a variable cost of $5 per unit; andColumbia would involve a fixed cost of $5,000 per month and a variable cost of $6 per unit. Useof the Charlotte location would increase system transportation costs by $19,000 per month,Atlanta by $22,000 per month, and Columbia by $18,000 per month. Which location would resultin the lowest total cost to handle 800 units per month?Sixth form students, Kyle and his sister Kaela, both want to play professional football after they graduate from secondary school. Their parents, however, would prefer that they pursue a university education first. (i) Identify the TWO conflicting values in the case above
- Alif Aziz holds the position of Project Executive at Disloyal Corporation Berhad, with a basic salary of RM3,400.00. Due to his regular client meetings, the company provides him with fixed monthly allowances of RM200.00 for a handphone and RM400.00 for petrol. Additionally, Alif Aziz occasionally works extra hours, including on his rest days and public holidays. Last month (March 2024), he worked extra hours as detailed below: Working extra hours from 6.00pm to 9.00pm, from Monday to Friday (5 days in total). Working on Sunday (3rd and 10th March) from 1.00pm to 5.00pm. Working on Sunday (1 7th and 24th March) from 5.30pm to 10.30pm. Working on public holiday from 8.30am to 9.30pm (1 day). Given that Disloyal Corporation working hours are as below: Monday to Friday 8.30am - 5.30pm Saturday 8.30am — 1.30pm Sunday / Public Holiday Close I . What is Alif Aziz' daily wage rate? (Round your answer into two decimal points) A. RM154.28 per day B.…Alif Aziz holds the position of Project Executive at Disloyal Corporation Berhad, with a basic salary of RM3,400.00. Due to his regular client meetings, the company provides him with fixed monthly allowances of RM200.00 for a handphone and RM400.00 for petrol. Additionally, Alif Aziz occasionally works extra hours, including on his rest days and public holidays. Last month (March 2024), he worked extra hours as detailed below: Working extra hours from 6.00pm to 9.00pm, from Monday to Friday (5 days in total). Working on Sunday (3rd and 10th March) from 1.00pm to 5.00pm. Working on Sunday (1 7th and 24th March) from 5.30pm to 10.30pm. Working on public holiday from 8.30am to 9.30pm (1 day). Given that Disloyal Corporation working hours are as below: Monday to Friday 8.30am - 5.30pm Saturday 8.30am — 1.30pm Sunday / Public Holiday Close 6. What is the total amount Alif Aziz earned for working from 5.30pm to 10.30pm on 17th and 24th March? (Round your…Please no written by hand solution and no img BUSINESS ANALYTICS & DECISION MAKING Model and solve the following assignment problem: •The manager at “Happy taxi” has 3 drivers available to send to new destinations according to the following table of the distance from driver to destination: •Determine what driver should be sent to what destination to minimize the distance? Submit your excel document with the results and interpretation of them. Driver Distance in (km) Destination # 1 2 3 Ali 21 10 20 Amit 19 10 9 Karen 9 11 12