Tag: Supply Chain Management / Operations Management

Question 365 ptsWhich one is not part of the 5 components of the Integrated Marketing Communications?ProductAdvertisingPersonal SelingPublic Relations

A company produces three part types that account for 60% of the annual production.The remaining 40% of the production involves part types whose design, size, shape,weight, and operation sequence change very frequently. The production managertherefore prefers to exclude this 40% from material-handling analysis. The productionsequence for part type P1 is machines M1-M4-M3; for part type P2, it is M4-M2-M3;and for part type P3, it is M1-M4-M2-M3. The annual volume of production is 10,000 ,8,000,12,000, respectively, for P1,P2, and P3. Two MHDs, H1 and H2 each at apurchase cost of $100,000 and $140,000, respectively, are being considered. Using thetransportation cost (time) data in table below, determine the required number of eachof the two MHDs, H1 and H2. Also determine how the MHDs are to be assigned to thevarious moves.
Production sequence for P1: M1 – M4 – M3
Production sequence for P2: M4 – M2 – M3
Production sequence for P3: M1 – M4 – M2 – M3
Annual production volumes: 10,000 , 8,000, 12,000 for P1, P2, and P3 respectively.
Considered MHDs: H1 (purchase cost $100,000) and H2 (purchase cost $140,000).
TABLE 9.8Production and Material-Handling Data for Exercise 17

Which of the following reasons encourages companies to buy a product rather than make it?
A) Buying a product increases the company’s total costs significantly compared to making the product in-house.
B) Buying a product ensures non-flexibility to local market conditions.
C) Buying a product gives managers greater control over the production process.
D) Buying a product enables a company to gain a great deal of power in their relationships with suppliers.

Question Description
Forward IntegrationBackward IntegrationHorizontal IntegrationMarket PenetrationMarket DevelopmentProduct Development Related DiversificationUnrelated DiversificationRetrenchmentDivestitureLiquidation
StrategyExample
AAmazon began rapid delivery services in some U.S. cities.
BStarbucks purchased a coffee farm.
C&T acquired Susquehanna Bancshares.
DUnder Armour signed tennis champion Andy Murray to a 4-year, $23 million marketing deal.
EGap opened its first five stores in China.
FAmazon just began offering its own line of baby diapers and wipes.
GFacebook acquired the text-messaging firm WhatsApp for $19 billion.
HKroger and Whole Foods Market are cooking meals, becoming restaurants.
I Staples closed 250 stores and reduced by 50% the size of other stores.
JSears Holdings divested its Lands’ End division to Sears’ shareholders.
KThe Trump Taj Mahal in Atlantic City, New Jersey, faces liquidation.

Case 1 (50 p.)
Given the following network with activities and times estimated in days,Note 1: Show all your calculations. Answers without supporting calculations will receive 0 (zero) points.Note 2: Round all numbers to two places after the decimal.
a (10 p.) What are the critical path activities?
b (5 p.) What is the expected time to complete the project?
c. (5 p.) What is the project variance?
d (10 p.) What is the probability the project will take no more than 28 days to complete?
e (15 p.) Suppose the management requests that activities be shortened to provide an at least 99% chance of meeting the 28-day completion time?If the project variance is the same as you found in (c), how much should the expected project completion time be shortened to achieve the abovegoal?
f (5 p.) Which activities would you consider shortening first to achieve the above goal? Explain why?

Which of the following is a frequently used and dependable strategic approach for setting a company apart from rivals, delivering superior value, achieving competitive advantage, and converting buyers into loyal customers?
Focusing on a narrow market niche and securing a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers that compose the niche
Developing competitively valuable resources and capabilities that rivals can’t easily imitate or improve in their own resources or capabilities that set a company’s product offering apart from those of rivals
Differentiating means by having the most unique and economically priced product offering of any firm in the industry
Striving to be the industry’s low-cost provider, thereby aiming for a cost-based competitive advantage over rivals that can become the basis for charging lower prices and/or earning higher profits

A study requires that each subject be given two study drugs. The first study drug is given on Day 1. A second study drug is given on Day 7 to counteract the toxidity of Drug 1. Subject $4706 is given Drug 1 on Day 1. Due to a snowstorm, Subject 4-706 is delayed for several days before returning to the site for Drug 2. Missing the administration of Drug 2 on Day 7 placed the subject at risk of significant toxicity. This event required the subject be notified of the increased risk and required close monitoring of the subject by phone.
This is an unanticlpated problem that does not include an adverse event.
This is not an unanticlpated problem because adverse weather is a possibility In the area where the site is located.
This is not an unanticlpated problem because the subject was required to return on Day 7.
This is an adverse event, which does not require notification to the IRB.

Understanding the Agile Manifesto values and principles is fundamental since not only does it help us apply agile methods to realize the benefits, but it also enables us to select or customize agile methods after examining our project situation and organizational context. After you ponder deeply over the Agile Manifesto values and principles and reflect on your project management experience, please respond to the following:
What are some of the trade-offs that you think you might have to make in applying the Agile Manifesto values to real-world projects? How would you go about resolving these trade-offs?
Which three of the Agile Manifesto principles do you think are likely to have the biggest impact on the success or failure of a typical project, and why?
Please provide an example of a project and discuss how you might have applied the Agile Manifesto values and principles to that project.

Develop the stock-flow dynamic model of the following soenario:Production is dependent on how many production plants we have. Initially we have aero production plants but it increases over time through gdditing of new production plants and decreases over time through deteriotation with a rate of 5%. The addition of new production plants is done through investments, Investments are financed by credits and reinvested profies. We can only do investments if we have more net revenues than our dept payements. Revenues depend on sales and price factor. Sales in this model is equalto production. And the price factor is modeled as a function of production over demand. Debt decreases via repayments and increases through new credits and through additional debt due to interest payments (added if interest payments exceed revenues).You must also write down all stock flow equations to get credit.

A popular fast-food chain is running a campaign promoting a limited-time menu item that can only be ordered through a popular delivery platform for the next two weeks. The campaign includes social media ads, email promotions, and in-app notifications to encourage customers to order through the platform. What is the primary objective of this campaign?
A) Customer Loyalty – The campaign focuses on rewarding loyal customers with special offers and encouraging repeat orders from existing users.
B) Lead Generation – The campaign encourages users to sign up for newsletters or receive special offers for future products.
C) Brand Awareness – The campaign aims to increase visibility and recognition of the fast-food chain among potential new customers.
D) Sales Conversion – The campaign aims to drive immediate orders through the delivery platform by promoting the limited-time menu item.