Drew Savage is an MIS manager for an international consulting firm. Drew travels to different European countries where he implements news response tracking systems for news stations. Some of the metrics he uses to track the performance of his system include tracking the response time it takes to respond to Twitter posts mentioning the news station, as well as the speed and accuracy of content posted on numerous websites and social media sites. What type of metrics is Drew using to measure his system? Effectiveness metrics. Customer satisfaction metrics. Benchmarking metrics. Efficiency metrics.
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- PAF KIET’s management is eagerly looking for a BI solution as they want to gain insights into students’ data to improve their academics. They have bulk of data on paper, Excel and in MIS but it is really difficult for them to analyze the data. The University has various faculties. Each faculty has several courses and each course has several students. Each faculty is running various programs and has permanent and visiting faulty members. For a broader perspective, University management wants a solution that can provide following insights. Students admissions Students Pass versus Fail ratio Top students Male versus Female ratio Permanent versus Visiting faculty ratio For each course, teacher versus students Number of research paper produced in a year Number of projects done in a semester per faculty Draw a Dashboard using DAR approach clearly showing metrics and dimensions as described in the case studyMake a scatter plot of the data and determine which type of model best fits the data. linear quadratic exponential square rootSembotix Company has several divisions including a Semiconductor Division that sells semiconductors to both internal and external customers. The company’s X-ray Division uses semiconductors as a component in its final product and is evaluating whether to purchase them from the Semiconductor Division or from an external supplier. The market price for semiconductors is $100 per 100 semiconductors. Dave Bryant is the controller of the X-ray Division, and Howard Hillman is the controller of the Semiconductor Division. The following conversation took place between Dave and Howard: Dave: I hear you are having problems selling semiconductors out of your division. Maybe I can help. Howard: You’ve got that right. We’re producing and selling at about 90% of our capacity to outsiders. Last year, we were selling 100% of capacity. Would it be possible for your division to pick up some of our excess capacity? After all, we are part of the same company. Dave: What kind of price could you give me?…
- In 2013 the president and chief executive officer of McDonalds, Don Thompson, saidthat McDonald’s was considering serving breakfast all day, instead of stopping at10.30.A.M.on weekdays and 11.00 A.M. on weekends. Several owners of McDonald’srestaurants however, point out that offering breakfast 24 hours a day presents twologistical problems. (1)Burgers and other meals need to be cooked at a highertemperature than eggs, so it would be difficult for employees to set the grill at the righttemperature for both foods, and (2) scrambled eggs require employees to continually stir, while hamburgers don’t require this attention. In addition some customers might buy thecheaper breakfast rather than the more expensive lunch or dinner meal.If you were the president and chief executive officer of McDonald’s, discuss how you wouldgo about deciding whether to serve breakfast all day.Seneca Hill Winery recently purchased land for the purpose of establishing a new vineyard.Management is considering two varieties of white grapes for the new vineyard: Chardonnayand Riesling. The Chardonnay grapes would be used to produce a dry Chardonnay wine,and the Riesling grapes would be used to produce a semidry Riesling wine. It takes approximatelyfour years from the time of planting before new grapes can be harvested. Thislength of time creates a great deal of uncertainty concerning future demand and makes thedecision about the type of grapes to plant difficult. Three possibilities are being considered:Chardonnay grapes only; Riesling grapes only; and both Chardonnay and Riesling grapes.Seneca management decided that for planning purposes it would be adequate to consideronly two demand possibilities for each type of wine: strong or weak. With two possibilitiesfor each type of wine, it was necessary to assess four probabilities. With the help of someforecasts in industry…Lynn Jennings is the IT manager at Lazy Eddie, a chain that specializes in beanbag chairs and recliners. She asked Jan Lauten, a senior systems analyst, to review the large number of printed reports that are distributed to Lazy Eddie’s 35 store managers. “Jan, I just can’t believe that our people really read all of those reports,” Lynn said. “We constantly add new reports, and we never seem to eliminate the old ones. Sometimes I think all we’re doing is keeping the paper companies in business!” Jan replied, “I agree, but what can we do? The managers say they want the reports, but I always see them stacked on top of file cabinets. I’ve never seen anyone read a report.” “I have an idea,” Lynn said. “I want you to come up with a procedure that requires users to review and justify their information needs to see if they really use the reports we send them. You could design a form that asks if the information still is required, and why. Try to get users to decide if a report is worth the…
- Which of the three variables in Little's law do you believe is the most difficult to estimate in general (and why)?The Racing Club of America sponsors driver education events that provide high-performance driving instruction on actual race tracks. Because safety is a primary consideration at such events, many owners elect to install roll bars in their cars. Deegan Industries manufactures two types of roll bars for sports cars. Model DRB is bolted to the car using existing holes in the car's frame. Model DRW is a heavier roll bar that must be welded to the car's frame. Model DRB requires 20 pounds of a special high alloy steel, 40 minutes of manufacturing time, and 60 minutes of assembly time. Model DRW requires 25 pounds of the special high alloy steel, 100 minutes of manufacturing time, and 40 minutes of assembly time. Deegan's steel supplier indicated that at most 32,000 pounds of the high-alloy steel will be available next quarter. In addition, Deegan estimates that 2,000 hours of manufacturing time and 1,700 hours of assembly time will be available next quarter. The profit contributions are…A company that supplies gasoline to a city has recorded the weeklyusage (tons/week) for the past 3 years. The file BA3653GasolineRecord.xlsxcontains this record. (c) In general, the company delivers the demanded gasoline to customersthat store it in their own facilities. However, the company would like toobtain its own storage tanks to better handle variability. The companyhas identified several solutions: a 500 ton, a 1000 ton, a 2000 ton and a3000 ton system, with each tank being proportionately more expensiveas its size grows. Given your predictions and the expected variability,what size of tank would you choose?(d) Reaching the city is sometimes hazardous due to weather conditions.Even with these challenges, the company estimates that the most thatshipments to the city may be delayed is 1 week. Given this information,which tank choice (of those in part c) do you think would be appropriate? week demand (tons) 1 1174.5 2 1316.2 3 1197 4 1127.3 5 1193.1 6 1260.7 7…
- Highline Financial Services provides three categories of service toits clients. Managing partner Freddie Mack is getting ready to preparefinancial and personnel hiring (or layoff) plans for the comingyear. He is a bit perplexed by the following printout he obtained,which seems to show oscillating demand for the three categoriesof services over the past eight quarters:Examine the demand that this company has experienced for thethree categories of service it offers over the preceding two years.Assuming nothing changes in terms of advertising or promotion,and competition doesn’t change, predict demand for the servicesthe company offers for the next four quarters. Note that there arenot enough data to develop seasonal relatives. Nonetheless, youshould be able to make reasonably good, approximate intuitiveestimates of demand. What general observations can you makeregarding demand? Should Freddie have any concerns? Explain.It is thought that prehistoric Indians did not take their best tools, pottery, and household items when they visited higher elevations for their summer camps. It is hypothesized that archaeological sites tend to lose their cultural identity and specific cultural affiliation as the elevation of the site increases. Let x be the elevation (in thousands of feet) for an archaeological site in the southwestern United States. Let y be the percentage of unidentified artifacts (no specific cultural affiliation) at a given elevation. Suppose that the following data were obtained for a collection of archaeological sites in New Mexico: x 5.00 6.00 6.75 7.00 7.50 y 3 57 75 71 71 What percentage of the variation in y can be explained by the corresponding variation in x and the least-squares line? Round your answer to the nearest tenth of a percent. a.81.9% b.0.9% c.90.5% d.3.3%A suburb of Dayton, Ohio, has four local dry cleaners that compete with each other on the basis of price and service speed. Each of them can perform the same basic services at the same level of quality. The following table provides the price that each dry cleaner charges to clean a two-piece suit, as well as the quoted number of days that the service will take. Dry Cleaner Price Number of Days A $ 8.00 3 B $ 9.50 3 C $ 9.00 2 D $ 7.50 4 Which of these dry cleaners are NOT on the efficient frontier?