Assessment Criteria 1. Pay of potential
Q: Describe and discuss the following terms Critical path and crashing. LP Relaxation and Mixed…
A: The critical path was designed with the intention of estimating work time and assisting every one of…
Q: On August, a light business bought $3600 worth of lamps. At the beginning of September, the store…
A: The cost of goods sold is calculated with the help of following formula Cost of Goods Sold =…
Q: a) The throughput time of the new work cell is minutes (enter your response as a whole number). b)…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: In order to gain their suppliers' advice on future product modifications and new goods, several…
A: A product lifecycle management system can be broadly described as a management system of information…
Q: A farmer want to plant new crop in his field the dilemma is he only has 3 tractors to do so. Draw a…
A: A project schedule network diagram shows the sequence of the task that is performed to complete a…
Q: The common measures of a queuing system's performance include: O probability that the service…
A: Concept of waiting lines in a system give rise to the need of studying queue system. Waiting line is…
Q: Flora's Fabulous Fontains top product is its Model A. Calculate the minimum replenishment time to…
A: First we need to make the network diagram of the activities:
Q: Differentiate between the most used scheduling methods and scheduling techniques.
A: Scheduling is the process of arranging the production activities in order so that the complete…
Q: Two-Phase Methoc Find solution using Minimize z = 4x₁ + x₂ subject to 3x1 + x₂ = 3 4x1 + 3x₂2 ≥ 6 x1…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: How should companies respond when they discover security flaws?
A: A software security flaw is an error or defect found in the system that damages the security of an…
Q: What happened to the Planting Process, the answer is partially answered
A: Scheduling – the method of deciding what task to assign to which of the resources & when to…
Q: importance of strategic location
A: To be considered for in a business site decision, places must firstly fulfill particular…
Q: 7. Perla Santos has decided to purchase a cellular phone, but she is unsure about which rate plan to…
A:
Q: Use a diagram to show and explain the concept of supply chain management
A: Supply Chain Management A supply chain is a system of retailers, wholesalers, transporters,…
Q: A bedding store has a steady demand for 300 mattresses each year. The store orders mattresses from a…
A: Annual demand = 300 Order cost = $50 Annual holding cost = 5% of unit cost Retail price = $250
Q: Assume the following: A quality manager at a popular restaurant in a New York has accurately…
A: Statistical quality control is described as the process through which the quality of outputs is…
Q: You are an HR Manager; you will have to most likely interview job candidates. What actions can you…
A: HR Manager: He is the person who is responsible coordinating for all the administrative related to…
Q: Describe the foundations of supply-chain management.
A: Supply Chain Management sourcing and procurement, conversion, and other aspects of logistics…
Q: The table below shows the net income for several choices (choice 1, choice 2, and choice 3) if…
A: Given data: Choice Outcome 1 Outcome 2 Outcome 3 1 65 83 62 2 69 70 73 3 84 82 63…
Q: Briefly discuss the different phases of a project management and which phase is critical?
A: Project management is usually done in phases to improve control and quality. This implies that a…
Q: Design ideas and concepts should be explained in depth. What distinguishes a 'good' design from a…
A: Design ideas and concepts are to be explained in more detail, so, users could find the interesting…
Q: 20 ES LS EF LF B 15 ES LS EF LF C 13 3507 ES LS EF LF D 35 78882 ES LS EF LF E 10 ES LS EF LF F 18…
A: A network diagram is a visual representation of a project which helps to identify the activity…
Q: Q2: For the following LP model, find values of the first iteration tableau variables using simplex…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: 28. Mark Perez, a company project manager, takes an average of 15 minutes to complete one project…
A: Given data is Average element-time = 15 minutes Performance rating = 125% Allowance factor = 15%
Q: What are the differences between the Performance Management and Operations Management?
A: Operations management is a management area where the designing and controlling part of the…
Q: de 30 observations over 15 minutes during which 12 units where produced. For 9 observations, the…
A: Given: No of observation=30 Time required=15min Items produced=12 units For 9 observations the…
Q: at are the activities aid HACCP in promoting GMP in alignment to a company’s Quality Assurance…
A: Despite size, most organizations have methods they follow that fit the above meaning of GMPs.…
Q: Before she can implement the strategy found in part (A), the marketing VP informs Proctor that she…
A: Find the Given details below: Given details: Profit/Loss Probability Accept the product…
Q: 20. Operations management is concerned with problem solving and decision making in two broad areas…
A: Designing & planning of production systems and operations and control of systems. Planning and…
Q: How exactly do CRM, ERP, and EAI assist the operations of an enterprise?
A: CRM stands for customer relationship management. CRM is a process in which the business tries its…
Q: Which of the following statements is NOT true? Your answer: O Primal Simplex Algorithm starts…
A: A regular simplex approach begins with a feasible yet non-optimal solution and subsequently iterates…
Q: In the context of Business Management by Portfolio, effective estimation has a number of…
A: A project estimation is required for a proposed project to know the cost, time and resources. The…
Q: A. Explain the role of information technology in the supply chain.
A: Information technology has played an important role in supply chain management since the 90s, when…
Q: 24. The Left and Right Hand chart which shows the movements of the left and the right hand is also…
A: Worker process chart shows the exact time relationship of working cycle of the person and the…
Q: ou are going to put up a business how can you apply the SWOT analysis in analyzing the internal and…
A: A SWOT (strengths, weaknesses, opportunities and threats) examination takes a gander at inward and…
Q: hich statement below is True, and which one is False? For the False ones explain why they are…
A: 3-1) The process imperfections or the imperfect process are the outcome of the waste in the process.…
Q: Answer the following items: 2. Recommend the appropriate type/s of warehouse/s that will help H&M…
A: Many businesses produce the final products and many produce the parts for the final products.…
Q: i) Is this a balanced problem? Why? ii) Obtain the initial feasible solution using the Northwest…
A: The transportation model is used to calculate the minimum cost of the route by selecting different…
Q: Suggest practical recommendations to address the root cause and the four key challenges in Kiwi…
A: Kiwi Medical Devices Ltd recently decided to offshore its supply chain operations from New Zealand…
Q: A company makes two products X and Y, using a single resource pool. The resource is available for 8…
A: Availability of resources for production of X and Y = 8 hrs. (480 minutes) Unit load of X = 15…
Q: rom the perspective of customer service. Which do you believe will provide the best level of…
A: The practice of assisting and advocating for consumers as they get familiar with, use, optimize, and…
Q: Find the UCL and LCL 3 J-100 •1000+ · 1000 (1-1000 100
A: Given, 0.1 + 3*SQRT(0.1*(1-0.1)/100) Considering Square root part, SQRT(0.1*(1-0.1)/100) +/- 0.03
Q: 4. The problem: In a queueing problem modelled as (M/M/2), if L (number of units in the system) =…
A: Queueing model: M/M/2 (Poisson arrival and exponential service rate, 2 servers) Service rate for…
Q: 'Find the solution to the following linear programming problem by dual simplex method Min Z= 2X₁+4X₂…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: What steps do employees take to ensure that previously gained knowledge is retained inside an…
A: Face to face training is where a newly joined employee meets with senior employees to learn about…
Q: Select the best answer Analysing a business's O a. generation O b. chain. O c. adding O d. line
A: Option b is the correct. Analyzing a business's activities into a sequence of value-creating…
Q: Identify the seven steps in the strategic sourcing process; Explain the steps in the strategic…
A: The strategic sourcing process or plan is highly essential for critical items or services, the buyer…
Q: Which of the international operations strategies involves low-cost reductions and low local…
A: An operation strategy can be stated as the set of decisions a company makes with respect to the…
Q: TLE Analysis and risk assessment?
A: In the realm of business, the abbreviation PESTLE refers to the interaction of a number of different…
Q: What should be done regarding an employee who had an accident while carrying out their duties at…
A: Accidents at the workplace are the unplanned incidents that physically injure a worker while…
Construct a simplified scoring model for screening the four alternative and state which project your company should go for based on the model
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- Sun TV sells TV sets. It does not sell smart TVs so customers do not come to Sun TV if they want to purchase smart TVs. Sun TV wants to start selling smart TVs and will only sell smart TVs to customers to whom they advertise. Managers use customer information (income level, previous purchase history) to decide which customers they should target. The team needs to decide how sure it must be in predicting customer interest in a smart TV. If it is too cautious, it will choose a very high cutoff probability and only market to customers who it believes are very likely to be in the market for a smart TV. This may cause them to miss out on many customers. If they are too aggressive and choose a low cutoff probability, they may identify more individuals interested in buying smart TVs but also end up wasting marketing dollars on customers who are not interested in purchasing smart TVs. To choose a cutoff probability, the team develops the confusion matrices below for two cutoff probabilities on…Exhibit 20-2Below is a payoff table involving three states of nature and two decision alternatives. Decision States of Nature Alternative s1 s2 s3 A 80 45 –20 B 40 50 15 P(s1) = .1, P(s2) = .6, and P(s3) = .3.Refer to Exhibit 20-2. The expected value of the best alternative equals _____. a. 12 b. 38.5 c. 29 d. 105The sensitivity of two parameters (P and n) for one project is evaluated by graphing the AW values versus percentage variation from the most likelyestimates. The curve for n has a slope very close to zero, while the P curve has a significant negative slope. One good conclusion from the graph is that:a. both PW and AW values are more sensitive to variations in P than n.b. the project should be rejected, since AW values vary with P and n.c. a better estimate of P needs to be made.d. the ROR is equally sensitive for both parameters.
- A payoff table is given as: S1 S2 S3 D1 250 750 500 D2 300 -250 1200 D3 500 500 600 (a) What choice should be made by the optimistic decision maker? (b) What choice should be made by the conservative decision maker? (c) What decision should be made under minimal regret? (d) If the probabilities of d1, d2, and d3 are .2, .5, and .3, respectively, then what choice should be made under expected value?Come up with a decision using each of the different criteria under conditions of uncertainty using the table below. The payoff values are expressed as LOSSES.Come up with a decision using each of the different criteria under conditions of uncertainty using the table below. The payoff values are expressed as LOSSES and alpha = 0.5 *a.) What is the best of the best payoff value? b.) Which decision alternative has the best of the worst payoff value?c.) Which decision alternative has the minimum payoff value of the maximum regret? (CHOOSE FROM THE CHOICES) -A,B,C -B, F, G -C,D,E -C, G, F -E, F, G
- What exactly is sensitivity analysis, and how does it help a decision maker?b) Your company is testing a site for drilling for oil. You may hit dry well, a small oil well, or a large oil well. Dry well Small oil well Large oil well Drill -5000 1000 6000 Do not drill ii. What would be the best decision under the maximax, maximin, and Laplace criteria?The following payoff table shows the profit for a decision problem with two states of nature and two decision alternatives. Decision Alternative State of Nature $1 d₁ d₂ (a) Suppose P(s₁) = 0.2 and P(5₂) = 0.8. What is the best decision using the expected value approach? The best decision is --?-- with an expected value of 12 $₂ 6 3 5 (b) Perform sensitivity analysis on the payoffs for decision alternative d₂. Assume the probabilities are as given in part (a), and find the range of payoffs under states of natures, and so that will keep the solution found in part (a) optimal. As long as the payoff for s₁ under d₁ is --?-- , then the solution found in part (a) will be optimal. then the solution found in part (a) will be optimal. As long as the payoff for s₂ under d₁ is --?-- Is the solution more sensitive to the payoff under state of nature s₁ or 5₂? O $₁ 0 5₂
- “To cut the number of projects, the steering committee used a weighting scheme that reflected theairline’s priorities, which were: fly safe, generate revenue, reduce costs, and customer service. Theweighting scheme easily weeded out the fluff.”Use a weighted scoring model to help the committee choose between two projects: Booking SystemUpgrade and Cabin Crew Retraining. The relative weights for each criterion and the assessment ofeach project for these criteria are shown in the following table. Which project would you choose andwhy? (See extract attached to assist) (Assume 10 represents the preferred score and 1 represents the undesired score.) Criteria Weight Booking System Upgrade Pilot Crew Retraining Fly safe 40 4 10 Generate revenue 30 9 9 Reduce costs 20 7 8 Customer service 10 10 10“To cut the number of projects, the steering committee used a weighting scheme that reflected theairline’s priorities, which were: fly safe, generate revenue, reduce costs, and customer service. Theweighting scheme easily weeded out the fluff.”Use a weighted scoring model to help the committee choose between two projects: Booking SystemUpgrade and Cabin Crew Retraining. The relative weights for each criterion and the assessment ofeach project for these criteria are shown in the following table. Which project would you choose andwhy? (See extract attached to assist) (Assume 10 represents the preferred score and 1 represents the undesired score.) Criteria Weight Booking System Upgrade Pilot Crew Retraining Fly safe 40 4 10 Generate revenue 30 9 9 Reduce costs 20 7 8 Customer service 10 10 10 Use the Template in the attached“To cut the number of projects, the steering committee used a weighting scheme that reflected theairline’s priorities, which were: fly safe, generate revenue, reduce costs, and customer service. Theweighting scheme easily weeded out the fluff.”Use a weighted scoring model to help the committee choose between two projects: Booking SystemUpgrade and Cabin Crew Retraining. The relative weights for each criterion and the assessment ofeach project for these criteria are shown in the following table. Which project would you choose andwhy?Criteria Weight Booking System Upgrade Pilot Crew RetrainingFly safe 40 4 10Generate revenue 30 9 9Reduce costs 20 7 8Customer service 10 10 10 (Assume 10 represents the preferred score and 1…
