this simulation relates to the open systems perspective of organizational behaviour.
Q: red when deciding how to fund a project. Analyze the usage of software for project management to…
A: Finances for long-term infrastructure and industrial projects as well as public services are often…
Q: The Action Toy Company has decided to manufacture a new train set, the production of which is broken…
A: The precedence diagram process (PDM) is a tool based on scheduling activities in the project plan.…
Q: QUESTION 1 Which of the following statements regarding foreast sharing game is INCORRECT?…
A: Which of the following statements regarding foreast sharing game is INCORRECT? Retailer only…
Q: d. Suppose one of the workers in the assembly department is also trained to do finishing. Would it…
A: Worker shift from Assembly department to Finishing department: As per the given…
Q: a. An output of 930 units per shift (8.00 hours) is desired for a new processing system. The system…
A: Efficiency is the proportion between total activity time and total station time. Here, we can…
Q: RVW (Restored Volkswagens) buys 30 used VW's at each of two car auctions each week held at different…
A: Assume the two auction locations as A1 and A2. RVW buys 30 used VWs at each of two car auctions…
Q: Great Harvest bakery distributes an average of 1,000 breads per day to local stores and restaurants.…
A: Safety stock is the inventory stock that company keeps emergency time like shortage due to high…
Q: b. Forward Thinking Limited (FTL) has used a fixed-time period inventory system that involved taking…
A: Find the given details below: Given details: Item Number Annual Usage 1 10700 2 14100 3…
Q: b. The Healthy Food Restaurant, a 24-hour restaurant, faces changing requirements from hour to hour.…
A: First hour principle - Enough workers are assigned to start their shift as needed in the first…
Q: Cluster analysis is often used for what business purpose? Question 12 options: Predicting…
A: Clustering is the process of grouping the data of the observation under one head. This is done when…
Q: In time series analysis, how do the mean absolute percentage error, the mean squared error, and the…
A: Time series analysis can be defined as an analysis of a sequence of observations or data points that…
Q: Canning Transport is to move goods from three factories to three distribution centers. Information…
A: Find the Given details below: Given details: Source Destination X Y Z Supply A 4 3 6 300…
Q: Why forecasting is vital to operation management?
A: Concept Introduction In operations and supply chain management, forecasting is the first and most…
Q: (a) (b) State the optimal delivery plan and cost. Contactgear must change couriers for the Selangor…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: 01. Mofazzal always prefers buying his lunch from Kashundi. As always he finds, both of the lines…
A: Queuing theory is based on the mathematical procedure to the examination of waiting lines in any…
Q: Discuss the three items that should be included in the section on work that has to be done of the…
A: Project management generally comprises the planning, arranging, and organization of the resources or…
Q: reporting to regional Vice Presidents, who then report to headquarters. Based on your limited…
A: Product manager:- The development of goods for an organisation is the responsibility of a product…
Q: The production planner for a private label soft drink maker is planning the production of two soft…
A: Decision variable: Suppose- X be the no. of root beer to be produced Y be the no. of sassafras…
Q: What is the slack for activity A3?
A: A network diagram related to the project shows the sequence of the task that is performed to…
Q: 1. a. The following Table 1 (below) contains a list of activities, with precedence requirements and…
A: prepare a network diagram for above details as shown below:
Q: The relative criticality of various project risks are prioritized through 4 O Qualitative risk…
A: Risk impact assessment is the process of determining the likelihood and effects of risk occurrences,…
Q: Janelle Heinke, the owner of Ha'Peppas!, is considering a new oven in which to bake the firm's…
A: Given data For oven type A Fixed cost = $20,000 Variable cost = $2 Oven A can manage 20 pizzas per…
Q: If the forecasted value of the time series variable for one period is 28.5 and the actual value…
A: Forecasted value = 28.5 Actual value = 32
Q: Use 'Transportation Problem' to solve the above problems using MS Excel Solver.
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms.…
A:
Q: a) Labor productivity per labor hour for these tires = b) Multifactor productivity for these tires =…
A: Productivity is the relationship between the volume of the input and output that is calculated in…
Q: Chapter 5. (M/M/s/K Model). Leia is responsible for 12 computers in the IT offices in a small…
A: Given data: No. of computers = 12 Average time to arrival computers = 4 weeksAverage service time…
Q: Consider a firm planning to start a new venture of manufacturing area. Define the role of project…
A: Project management is the management in which different kinds of skills and knowledge are used to…
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: How can sustainability factors be implemented in facilities maintenance?
A: Facility maintenance: Facility maintenance is regular and important routine process…
Q: a) ABC Plantation uses an average of 50 bags of fertilizer a day. ABC Plantation operates 260 days…
A: Economic Order Quantity It's critical for every company that purchases and maintains inventory to…
Q: Describe several collaboration tools and how they might be used to improve project communications.…
A: Project collaboration tools help the project teams to coordinate, communicate, and execute their job…
Q: Ashiful, Nafi, Ayaz, asif, Ribatul, and Jahid are friends. They are planning a bag packing trip to…
A: supply chain management or called (SCM) is the management of the flow of products, data, &…
Q: Determine the sequence that will minimize idle time of both machine TIME (HOURS) MACH 1 JOBS A B с D…
A: Idle time indicating the available free time in each machinery while considering the optimal…
Q: 3. Daily demand for tablets of amazon is normally distributed, with a mean of 100 and standard…
A: Given data: Daily mean demand=100 The standard deviation of demand=30 The time to replenish…
Q: Howard Weiss, Inc., is considering building a sensitive new radiation scanning device. His managers…
A: Given data: Alternative Scenario Probability Possibleprofit/loss(Impact) Build New Plant ATR…
Q: Experience the Tour de France (ETF) is a specialty travel agent. It arranges vacations for amateur…
A: Given data: Number of servers m= 5 Service time = 25 minutes Standard Deviation of service time =…
Q: Senior executives at an oil company are trying to decide whether to drill for oil in a particular…
A:
Q: The company Marombeiro is a commercial representative of a food supplement widely consumed in gyms.…
A: Safety stock is the amount of goods kept in inventory as a backup against delivery failures, over…
Q: Design thinking is a process that is focused on deeply understanding the prospect or customer and…
A: Design thinking is a stepwise process from understanding users' requirements to design and evaluate…
Q: A shipper has three options to send an expensive cargo worth $35,000 across the pacific and the…
A:
Q: Discuss in detail the benefits and drawbacks for just in time (jit) inventory
A: All of a company's current inventory is included in the company's balance sheet. This is known as…
Q: kitchen layout under consideration for its recipe making and testing department. The strategy is to…
A: Ans) Cumulative load distance or movement cost = Sum ( product of distance and number of trips for…
Q: Subject: Logistic Management Q#6) What is Porters Power Model explain with example?
A: There are two different questions, as per the guideline, the first question is taken to answer, The…
Q: The principal goal of inventory management systems is to balance the costs of ordering, shipping,…
A: Inventory is a term that defines the raw materials, and parts that are used by a company for selling…
Q: Choose any step from the entrepreneurial process and describe and elaborate on why you think it is…
A: Entrepreneurs are those people that are running their own business efficiently and generating big…
Q: Max 7x+3y s.t. 2x+2y ≤ 8 A 3x+2y ≤ 12 B 1x+0.5y ≤ 3 C x,y 20 What is the maximum profit for this LP…
A: Objective Functions and Constraints: Based on the given details, the objective…
Q: what is the expected payoff $___
A: Draw a decision tree as shown below:
Q: What are 3/6 reasons listed for failure in Six Sigma?
A: Six Sigma is the quality tool that used by the organisations to improve the capability of the…
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- #17FAVORABLE UNFAVORABLEMARKET MARKETEQUIPMENT ( $) ($)Sub 100 300,000 –200,000Oiler J 250,000 –100,000Texan 75,000 –18,000For example, if Ken purchases a Sub 100 and ifthere is a favorable market, he will realize a profitof $300,000. On the other hand, if the market is unfavorable, Ken will suffer a loss of $200,000. ButKen has always been a very optimistic decisionmaker.(a) What type of decision is Ken facing?(b) What decision criterion should he use?(c) What alternative is best? #18Although Ken Brown (discussed in Problem 3-17) is the principal owner of Brown Oil, his brother Bob iscredited with making the company a financial success. Bob is vice president of finance. Bob attributeshis success to his pessimistic attitude about business and the oil industry. Given the information fromProblem 3-17, it is likely that Bob will arrive at a different decision. What decision criterion should Bobuse, and what alternative…1. Suppose you are going on a weekend trip to a city that is d miles away. Develop a model that determines your round-trip gasoline costs. What assumptions or approximations are necessary to treat this model as a deterministic model? Are these assumptions or approximations acceptable to you? 2. Suppose that a manager has a choice between the following two mathematical models of a given situation: (a)a relatively simple model that is a reasonable approximation of the real situation, and (b)a thorough and complex model that is the most accurate mathematical representation of the real situation possible. Why might the model described in part (a) be preferred by the manager?1) A mechanistic structure is highly suitable for an organization operating in an environment with very high levels of uncertainty True False 2) In scenario-based planning, managers focus on various scenarios that present alternative pictures of what the future may look like and how the firm would like to respond to each scenario True False 3) An organization's external environment is defined as everything that exists outside the boundary of the organization and has the potential to affect all or part of the organization. True False
- Please answer these questions: 1. A brief summary of the article. 2. How well is the engineering managment problem addressed in the paper defined? What was the source of data that the author to investigate the problem? Contingency theory argues that there is no universal set of strategies applicable to allbusinesses (Ginsberg & Venkatraman, 1985; Lawrence & Lorsch, 1967). Indeed, this theoryconsiders organization as an open system which internal and external environment playimportant role in its strategies (Hoffer, 1975; Schoonhoven, 1981). The traditional contingencyresearch frameworks concentrate on the effect of internal and external environment factors(contingency variables) on the association between independent and dependent variables (Sousa& Voss, 2008). This effect is operationalized as the effect of interaction between contingencyand independent variables on dependent variable. A positive interaction effect implies to thepositive role of contingency variable…2. Using the following table, perform ALL FIVE of the techniques for Decision Making under Uncertainty: Maximax, Maximin, Hurwicz Realism (α = 0.7), LaPlace and Minimax Regret. You must show your work for obtaining the points. PROFIT ($) STRONG MARKET FAIR MARKET POOR MARKET Large facility 550,000 110,000 -310,000 Medium-sized facility 300,00 129,000 -100,000 Small facility 200,000 100,000 -32,000 No facility 0 0 0A Midsize Pharmaceutical CompanyJennifer Childs is the owner and chief executive officer of a midsize global pharmaceutical company with sales offices or manufacturing plants in eight countries. At an October staff meeting she tells her managers that company profits for the year are expected to be $2,000,000 more than anticipated. She tells them she would like to reinvest this additional profit by funding projects within the company that will either increase sales or reduce costs. She asks her three key managers to get together to develop a prioritized list of potential projects and then to meet with her to “sell” her on their ideas. She mentions that they should not assume the funds will be divided equally among the three of them. She also mentions that she is willing to put all of the funds into just one project if it seems appropriate. Julie Chen, manager of product development, has had a team of scientists working on a new prescription drug. This effort has been taking much longer…
- A Midsize Pharmaceutical CompanyJennifer Childs is the owner and chief executive officer of a midsize global pharmaceutical company with sales offices or manufacturing plants in eight countries. At an October staff meeting she tells her managers that company profits for the year are expected to be $2,000,000 more than anticipated. She tells them she would like to reinvest this additional profit by funding projects within the company that will either increase sales or reduce costs. She asks her three key managers to get together to develop a prioritized list of potential projects and then to meet with her to “sell” her on their ideas. She mentions that they should not assume the funds will be divided equally among the three of them. She also mentions that she is willing to put all of the funds into just one project if it seems appropriate. Julie Chen, manager of product development, has had a team of scientists working on a new prescription drug. This effort has been taking much longer…A Midsize Pharmaceutical CompanyJennifer Childs is the owner and chief executive officer of a midsize global pharmaceutical company with sales offices or manufacturing plants in eight countries. At an October staff meeting she tells her managers that company profits for the year are expected to be $2,000,000 more than anticipated. She tells them she would like to reinvest this additional profit by funding projects within the company that will either increase sales or reduce costs. She asks her three key managers to get together to develop a prioritized list of potential projects and then to meet with her to “sell” her on their ideas. She mentions that they should not assume the funds will be divided equally among the three of them. She also mentions that she is willing to put all of the funds into just one project if it seems appropriate. Julie Chen, manager of product development, has had a team of scientists working on a new prescription drug. This effort has been taking much longer…Suppose that this particular study compared a large group of individuals who play squash regularly with those of an equal-sized group who get no exercise at all. Playing squash does provide a good cardiovascular workout. However, we also know that squash players tend to be affluent enough to belong to clubs with squash courts. Wealthy individuals may have great access to health care, which can also improve cardiovascular health. If our analysis is sloppy, we may attribute health benefits to playing squash when in fact the real benefit comes from being wealthy enough to play squash (in which case playing polo would also be associ ated with better heart health, even though the horse is doing most of the work). Or perhaps causality goes the other direction. Could having a healthy heart “cause” exercise? Yes. Individuals who are infirm, particularly those who have some incipient form of heart disease, will find it much harder to exercise. They will certainly be less likely to play squash…
- Consider the following thoughts of a manager at the end of the company’s third quarter: If I can increase my reported profit by $2 million, the actual earnings per share will exceed analysts’ expectations, and stock prices will increase. The stock options that I am holding will become more valuable. The extra income will also make me eligible to receive a significant bonus. With a son headed to college, it would be good if I could cash in some of these options to help pay his expenses. However, my vice president of finance indicates that such an increase is unlikely. The projected profit for the fourth quarter will just about meet the expected earnings per share. There may be ways, though, that I can achieve the desired outcome. First, I can instruct all divisional managers that their preventive maintenance budgets are reduced by 25 percent for the fourth quarter. That should reduce maintenance expenses by approximately $1 million. Second, I can increase the estimated life of the…If you owned a small manufacturing business with relatively high volume and multiple product lines, would it be good for you to implement an ABC model? Why? What are the benefits and the risks - or how could you adapt it to get the best of both?In a typical product mix model, where a companymust decide how much of each product to produceto maximize profit, discuss possible situations wherethere might not be any feasible solutions. Could thesebe realistic? If you had such a situation in your company, how might you proceed?
