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1. Why is it important to understand your current business processes before trying to improve them? Why might it be difficult for a group of workers to come to an agreement about what their current business processes are?
2. Trojan SPorts Network (TSPN) have recently bought exclusive rights to broadcast Rose Bowl games. TSPN’s profit is solely generated from advertisements and there are 100 ad slots available during the upcoming Rose Bowl. Assume that one firm can only buy one slot. For the next two parts, suppose that TSPN offers two types of contracts—type A and type B. ? Type A contracts are made before the season begins and priced at $110,000 per slot. Assume there is enough demand for type A contracts (i.e., TSPN can sell as many Type A as they want). ? TSPN sells type B contracts on the spot market. That is, after the season begins TS sells ad slots that are remaining to firms who did not buy slots before the season begins. Type B contracts are priced at $180,000 per slot. Suppose demand for Type B contracts is equally likely to be 1, 2, …, 40 (i.e, distributed uniformly between 1 and 40).
a) Suppose there are 20 slots left. Should TSPN sell a Type A contract?
Choose two of the CQI methodologies (PDSA, Lean or SixSigma). How do these methodologies utilize data. Discuss the significance of the collection and analysis of data in CQI processes.
Discus what is meant by metrics, and provide a real life example of how metrics were used to measure an activity.
Managing the product through successive stages of the product life cycle is an important role for a product manager. Assess the three ways to manage a product through its life cycle, including examples to help clarify your assessment. Indicate the re..
International Business Operations Management - What factors have contributed to the importance of international markets on Operations Management? In what areas have these factors impacted Operations Management
What is end of the legal existance of a corporation?
A company manufactures specialty devices for machinery. One particular device has reached maturity, and the company is considering whether to replace it with a newer model. Technologies have not changed dramatically so the new device would have simil..
Most professionals feel that organizations should have a Code of Conduct, which could be different for various types of business. Choose a specific type of business or organization and list the type of business along with what three things that shoul..
A company uses 240 boxes of typing paper each year. The company is trying to determine its optimal order quantity that will minimize its total inventory costs.
Which of the following is not an attribute of responsive supply chains? Products with high demand uncertainty usually result in.
What is competition like in the activity tracking industry? How strong is the competitive strength of buyers and suppliers?
Emma Barnes is a senior administrator at St. Stevens Community College (SSCC), and she has recently been asked to assess the sustainability of SSCC’s strategic mission and to develop a long-term plan for SSCC to overcome any pending challenges and ca..
Which of these methods of encouraging growth would you suggest for the typical company in Hong Kong and Singapore - Explain the rationale for your choice.
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