Tag: Supply Chain Management / Operations Management

Coupe found that each step was assigned to a different person. He observed that the work was unevenly divided among the clerks, and the clerk who was responsible for checking violations tended to shortcut her task to keep up with the other clerks. Long lines built up during the maximum demand periods.
Couple has also found that steps 1 to 4 were handled by general clerks who were paid $18.00 per hour. Step 5 was performed by a photographer paid $24.00 per hour. Step 6, the issuing of a temporary license, was required by state policy to be handled by a uniformed motor vehicle officer. Officers were paid $27.00 per hour, but they could be assigned to any job except photography (photography can only performed by a photographer, however, photographer can also be assigned to other tasks).
The branch offices were charged $10 per hour for each camera to perform photography. Without hiring additional people, how the current process can be modified to increase the capacity?

Question 95 ptsAn experiment consists of tossing 4 coins successively. The number of sample points in this experiment is 4 8162
Question 195 ptsYoung millennials, adults aged 18 to 34 , are viewed as the future of the restaurant industry. During 2011, this group consumed a mean of 192 restaurant meals per person. Conduct a Hypothesis test to determine if the poor economy caused a change in the frequency of consuming restaurant meals.The sample mean was 182 . sample size is 150 and the standard deviation is 55 .What is the Z value?2.23-2871.96-2927

Which of the following statements is TRUE regarding the global diffusion of both TV and the Internet?
The global diffusion of TV was extremely rapid, whereas the global diffusion of the Internet has been slow in comparison to TV.
The United States was a late adopter of both TV and the Internet and remains a region of the world where these forms of electronic media are not in widespread use.
The global diffusion of the Internet, starting with its early adoption in Africa, has been faster than TV, but is now reaching places such as the United States and Europe, both of whom were the last to adopt the Internet.
The United States was an early adopter of both TV and the Internet, but no longer comprises the majority of users of these two forms of electronic media as they have been adopted by the rest of the world.
The United States was an early adopter of both TV and the Internet and continues to present day to dominate the percentage of both users of these two forms of electronic media.

A grocery store manager must decide how to best present a limited supply of milk and cookies to its customers. Milk can be sold by itself for a profit of $1.50 per gallon. Cookies can likewise be sold at a profit of $2.50 per dozen. To increase appeal to customers, one gallon of milk and a dozen cookies can be packaged together and sold for a profit of $3.00 per bundle. The manager has at most 100 gallons of milk and 150 dozen cookies to make available each day. The manager has decided to stock at least 75 individual gallons of milk per day (excluding milk bundled with cookies). Demand for individual packages of cookies is at most 140 dozen per day (excluding cookies bundled with milk). The manager wishes to determine how much of each product to stock each day.
Which of the following is the objective function for the grocer’s problem? Multiple Choice
Min P = 1.5M + 1.5C + 3B
Max P = 2.5M + 3C + 1.5B
Max P = 1.5M + 2.5C + 3B
Min P = 1.5M + 2.5C + 3B
Max P = 2.5M + 1.5C + 3B

To complete this week’s discussion, assume you are the HR Manager for the Pleasant Valley School District. The district recently implemented a person-focused pay program – something it has not done before. This program offers a pay increase to teachers who pursue additional education and training. Imagine you are on the team that developed this policy, which has been approved but has not yet shared throughout the district. In preparation for sharing the policy, please complete the following: Draft a summary of the Pleasant Valley School District’s person-focused pay program. An acceptable summary will include the following:Identify eligibility requirements. (Who will be eligible to participate in the program?) Identify acceptable types of education and training. (What is eligible for reimbursement?) Identify two potential awards for successful completion of training or education (promotional opportunities, compensation, non-monetary rewards, et cetera).

We are preparing flowers to be sold during commencement.
Before the commencement, we can purchase Q units of flowers at a cost C = $9/unit from a wholesaler. Different from the model considered in class, if we decide to purchase Q > 0 units from the wholesaler, we have to pay a shipping cost S. The value of S will be determined later and is fixed regardless of the value of Q. The retail price is R = $25/unit. The salvage value is V = $5/unit. The distribution of demand D is shown in the table below.
S = 0 (i.e., there is no shipping cost): what is the optimal order quantity Q* and the optimal expected profit, respectively?
S = 50: answer the following questions
What is the expected profit if we order 0?
What is the expected profit if we order the optimal order quantity Q*?
Between Q* and 0, which gives the better expected profit?
Can we do better by ordering a quantity different from Q* and 0? Why?

Question 2 (1 point)
Morris posted a notice promising to pay a \( \$ 50 \) reward to anyone who found his lost cat. Morris saw Edna, his neighbour, and drew her attention to the notice. She expressed sympathy, but said that she did not have time to help because she was rushing off to work. When she returned home early that afternoon, however, she went to Morris’s house to tell him that she would look for the cat. Although he was not at home, she searched the area, found the animal, and returned it to his house. Morris now refuses to pay Edna the \( \$ 50 \). A court would most likely say that Edna is entitled to
nothing because Morris is entitled to revoke his offer at any time.
payment because a contract was created through her act of acceptance in acting on the offer.
nothing because she was required to communicate her acceptance in writing.
nothing because she rejected Morris’s offer when she said she had to rush to work.

Questions
• Develop a forecasting model, justify its selection over other techniques, and project attendance through 2012.
• What revenues are to be expected in 2011 and 2012?
• Discuss the school’s options.
Southwestern University Football Game Attendance, 2005-2010
2005–2007
Game
2005 Attendees
2005 Opponent
2006 Attendees
2006 Opponent
2007 Attendees
2007 Opponent
1
34,200
Baylor
36,100
Oklahoma
35,900
TCU
2*
39,800
Texas
40,200
Nebraska
46,500
Texas Tech
3
38,200
LSU
39,100
UCLA
43,100
Alaska
4**
26,900
Arkansas
25,300
Nevada
27,900
Arizona
5
35,100
USC
36,200
Ohio State
39,200
Rice
2008–2010
Game
2008 Attendees
2008 Opponent
2009 Attendees
2009 Opponent
2010 Attendees
2010 Opponent
1
41,900
Arkansas
42,500
Indiana
46,900
LSU
2
46,100
Missouri
48,200
North Texas
50,100
Texas
3
43,900
Florida
44,200
Texas A&M
45,900
Prairie View A&M
4
30,100
Miami
33,900
Southern
36,300
Montana
5
40,500
Duke
47,800
Oklahoma
49,900
Arizona State

According to the supplementary article on ESPN.com regarding NFL franchise relocation fees, which of the following is true? Question 10 options:
The 29 NFL teams that are not relocating will each receive a gross sum of $5.5 million over a period of up to 7 years from the relocation fees associated with the moves of the Rams, Chargers and Raiders.
The 29 NFL teams that are not relocating will each receive a gross sum of $295.5 million over a period of up to 11 years from the relocation fees associated with the moves of the Rams, Chargers and Raiders.
The 29 NFL teams that are not relocating will each receive a gross sum of $55.2 million over a period of up to 11 years from the relocation fees associated with the moves of the Rams, Chargers and Raiders.
The 18 NFL teams that are not relocating will each receive a gross sum of $26.5 million over a period of up to 11 years from the relocation fees associated with the moves of the Rams, Chargers and Raiders.

Question 6: Looking at the graph above, calculate the opportunity cost for Sean on boards repaired per hour. Sean’s opportunity cost for boards repaired is Enter a decimal number (ex. 1, 1.0, 10.01, . 1001) – COMPARATIVE AND ABSOLUTE ADVANTAGES
Boards Waxed
Boards Repaired
Sean
7.5 min
20 min
Sadie
12 min
30 min
OPPORTUNITY COSTS
Boards Waxed
Boards Repaired
Sean
?
?
Sadie
?
?