Tag: Supply Chain Management / Operations Management

Alex lost his watch while hiking in a state park. He posted a reward poster at the park entrance promising to pay $100 to anyone who found and returned his watch to him. The next day, Kate saw the reward poster and spent several hours before finding it and returning it to Alex; she created an enforceable unilateral contract.
After Tex stole the trade secrets and delivered them to Oliver, Oliver refused to pay him the remaining $5,000. Tex has now sued Oliver, seeking the remaining $5,000 he argues is due him under their contract. What will the court do with this contract?
The court will not enforce this agreement, as its purpose is illegal, but it might have both Tex and Oliver arrested for theft of trade secrets.
The court will order Oliver to pay Tex the $5,000 plus interest.
The court will order Oliver to pay Tex the $5,000.
The court will order Oliver to shred the stolen trade secrets.

A drug development company develops a new antiviral medication. It applies for a patent and for Federal Drug Administration (FDA) approval to sell it. The firm estimates that the patent application has a 40% chance of success and that FDA approval has a probability of 50%. If both applications are successful, the drug can be sold to a major drug producer for $16 million. If FDA approval is obtained but the patent application is unsuccessful, the drug can be sold for $2 million. If the drug is not approved by the FDA, it is worth nothing. What are the expected value and variance of this drug? (Work in units of $1 million.)
Patent success probability: 40%
FDA approval probability: 50%
Value if patent & FDA successful: $16 million
Value if FDA successful but patent unsuccessful: $2 million
Value if FDA unsuccessful: $0 million
Part 2
The expected value (EV) of the medication is EV = enter your response here million. (Enter your response rounded to two decimal places.)
Part 3
The variance of the medication’s value is Variance = enter your response here million. (Enter your response rounded to two decimal places.)

At the time of its introduction, which of the following products was NOT an example of a dynamically continuous innovation?
LG Electronic Inc. has entered into an agreement with Google to offer selected smartphone models that use a multitouch interface rather than buttons to make calls with Google’s Android operating system
Compared to the early generation of electric toothbrush, DiamondClean electric toothbrush has Quadpacer interval timer that goes off after 30 -seconds to prompt the user to move on to the next quadrant of the mouth that results in better cleaning and improved gum health
The latest iPhone XR uses a new liquid retina LCD display with 1792*828 resolution that spans from edge-to-edge and top-to-bottom bezels
Most existing pasta sauces requires the pasta to be precooked before it is mixed with the sauces and other ingredients; now Prego develops a new Pasta Bake Sauce that does not require the use of pre-cooked pasta

A drug development company develops a new antiviral medication. It applies for a patent and for Federal Drug Administration (FDA) approval to sell it. The firm estimates that the patent application has a 60% chance of success and that FDA approval has a probability of 50%. If both applications are successful, the drug can be sold to a major drug producer for $16 million. If FDA approval is obtained but the patent application is unsuccessful, the drug can be sold for $5 million. If the drug is not approved by the FDA, it is worth nothing. What are the expected value and variance of this drug? (Work in units of $1 million.)
Part 2
The expected value (EV) of the medication is EV = enter your response here million. (Enter your response rounded to two decimal places.)
Part 3
The variance of the medication’s value is Variance = enter your response here million. (Enter your response rounded to two decimal places.)

Hi, I’m working on Round 3 of Comp-XM, and my Balanced Scorecard score has been dropping (currently at 63). I entered decisions for R&D, Marketing, Production, and Finance, but I may have missed some areas or made errors.
Here’s what I need help with:
How can I improve my score above 63?
What are the best practices for Round 3 specifically (e.g., product positioning, automation levels, avoiding excess inventory)?
How do I balance between product improvements and maintaining profitability?
Strategy I’m following: [Insert whether you are using Broad Differentiation, Cost Leader, Niche Differentiation, etc.]
Optional: Here are some of my decisions and predictions for Round 3:
Traditional Product (e.g., Able)
Performance
___
Size
___
MTBF
___
Marketing – Price
___
Marketing – Promo
___
Marketing – Sales Budget
___
Marketing – Forecast
___
Production – Capacity
___
Production – Automation
___
Finance
Any help improving my Balanced Scorecard

Question 1
Define the following terms:
1.1,An accident in the workplace
1.2,A risk assessment in the workplace
1.3,A hazard in the workplace
1.4,Quantity and quality with regards to manufacturing
Question 2
2.1 Briefly discuss six reasons why accidents happen in the workplace
2.2 Name three elements that are needed to start a fire
2.3 Colour coding is used to improve safety in the workplace. Write down the colour associated with the following elements:
2.3.1 Danger zones
2.3.2 Fire-fighting equipment
2.3.3 Electrical equipment
2.3.4 Pipelines(content)
2.3.5 Walkways
Question 3
3.1 A team consists of people who work together to achieve the same goal.Explain teamwork, cooperation and integration in the working environment.
3.2 Many people experience a sense of personal fulfilment when they are well dressed and neat, and no one can fault their dressing style or presentation.What should the dress code be for a person operating a machine in a workshop?

As the production planner for Xiangling Hu Products, Inc., you have been given a bill of material for a bracket that is made up of a base, 2 springs, and 4 clamps. The base is assembled from 1 clamp and 2 housings. Each clamp has 1 handle and 1 casting. Each housing has 2 bearings and 1 shaft. There is no inventory on hand. Click the icon to view the product structure.
Your boss at Xiangling Hu Products, Inc., has just provided you with the schedule and lead times for the bracket. The unit is to be prepared in week 10. The lead times for the components are:
bracket (1 week)
base (1 week)
spring (1 week)
clamp (1 week)
housing (3 weeks)
handle (2 weeks)
casting (3 weeks)
bearing (1 week)
shaft (1 week)
a) Choose the correct time-phased product structure for the bracket.
A. B. C. D.
b) In what week do you need to start the castings?
The castings need to be started in week ◻ (enter your response as a whole number).

1.1: Examine how information systems can transform Ahid’s business operations and evaluate their essential role in managing a modern retail business. (10)
1.2: Determine the components of an information system and analyze how they function together to support Ahid’s strategic goals. (10)
1.3: Analyze the role of business intelligence and business analytics in supporting Ahid’s managerial decision-making processes. (10)
1.4: Assess how different decision-making constituencies at Ahid can utilize business intelligence to enhance organizational performance. (10)
1.5: Examine how the development of new information systems can produce organizational change within Ahid, and critically analyze the impact of such changes on its business processes, culture, and structure. (15)
1.6: Analyze the principal methodologies for modelling and designing systems and assess their relevance in building information systems for a digital firm like Ahid. (15)

You are a paralegal at a boutique law firm focusing on the legal needs of entrepreneurs. Kathleen and William, the owners of Westie Island Pet Groomers, contact you to discuss a concern.
The clients explain that after many years with the law firm, they are considering other law firms for their organization’s needs. When you inquire further, you learn that Kathleen has attempted to contact the firm’s attorneys seven times in the past month without receiving a response. William echoed Kathleen’s concerns, explaining that most of the entrepreneurs’ emails to their attorney remain unanswered. William further explained that the entrepreneurs hired the firm to draft employment contracts, and one of the contracts included the wrong name and incorrect information.
Analyze the clients’ concerns and examine any potential ethical issues at the firm and what should be put into place at the firm to keep these ethical issues from arising in the future.

Elizabeth Burke has identified some additional questions she would like you to answer using the Performance Lawn Equipment Database.
Are there significant differences in ratings of specific product/service attributes in the Customer Survey worksheet?
In the worksheet On-Time Delivery, has the proportion of on-time deliveries in 2018 significantly improved since 2014?
Have the data in the worksheet Defects After Delivery changed significantly over the past five years?
Although engineering has collected data on alternative process costs for building transmissions in the worksheet Transmission Costs, why didn’t they reach a conclusion as to whether one of the proposed processes is better than the current process?
Are there differences in employee retention due to gender, college graduation status, or whether the employee is from the local area in the data in the worksheet Employee Retention?