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One group of 20 trainees estimated a total overall monthly cost benefit of $336,000 related to business improvements and showed an average 70 percent confidence level with that estimate. The calculation is as follows: 70 percent multiplied by $336,000 gave a cost-benefit of $235,200. This number was divided by 20 ($235,200/20 trainees) to give an average estimated cost benefit for each of the trainees ($11,760). To calculate ROI,1. Identify outcomes (e.g., quality, accidents).2. Place a value on the outcomes.3. Determine the change in performance after eliminating other potential influences on training results.4. Obtain an annual amount of benefits (operational results) from training by comparing results after training to results before training (in dollars).5. Determine the training costs (direct costs + indirect costs + development costs + overhead costs + compensation for trainees).6. Calculate the total benefits by subtracting the training costs from benefits (operational results).7. Calculate the ROI by dividing operational results by costs. The ROI gives an estimate of the dollar return expected from each dollar invested in training.
Calculate the reasons cited by O'Brian for relocation is they justifiable. Illustrate what legal also ethical responsibilities does a industry have to its employees when a decision to cease operations is made.
Pioneer Electronics buys video cards at $71 each. The annual demand is 11,475, the annual holding cost is 16% of the purchase price, and the set up cost is $1,085/order
You are scheduled to interview with the Board of Directors for the open Chief Operating Officer position at Under Armour.
Joe has decided to produce the product described above. The product can be produced with the current equipment, but Joe is considering purchasing new equipment that would produce the product more efficiently
You need to increase capacity of your manufacturing operation by adding new equipment. Two vendors have presented proposals.
Identify one of the three levels of management [Strategic, Middle or first line (operational) manager]. Identify the employee at the corresponding level of management. Specify how the four management functions are related to that management level
Computerized MRP systems automatically optimize material flow through a production system
The probability of concluding that assignable variation exists when only random variation is present is: (I) the probability of a type I error, (II) known as the alpha risk
Discuss whether or not your organization has optimized these organizational resources for effectiveness also efficiency. Justify your position. Illustrate what quality control improvement tool distinguishes between the important few also trivial ma..
Use an ? of 0.1 and a B (beta) of 0.2 to make a forecast for july and august. Calculate the MAD for your january through june forecasts. 15 demand units for January, 18 for february, 22 for march, 23 for april, 27 for May, 26 for june.
Illustrate what is difference between line personnel also staff personnel. Explain why are two groups so often in conflict. Would you rather have a line job or a staff job.
the stamping machines are expected to have 90 percent efficiency considering adjustments, changeover of patterns, and unavoidable downtime. How many stamping machines are required?
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