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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?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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