Prepare a product-by-value analysis

Assignment Help Operation Management
Reference no: EM13868226

Message: Book: Heizer, J., & Render, B. (2014). Operations Management (11th Ed.). Upper Saddle River, N.J.: Prentice Hall.

Other projects to turn in before this one.

Question 1. Munson Performance Auto, Inc., modifies 375 autos per year. The manager, Adam Munson, is interested in obtaining a measure of overall performance. He has asked you to provide him with a multifactor measure of last years performance as a benchmark for future comparison. You have assembled the following data. Resource inputs were labor, 10,000 hours; 500 suspension and engine modification kits; and energy, 100,000 kilowatt-hours. Average labor cost last year was $20 per hour, kits cost $1,000 each, and energy cots were $3 per kilowatt-hour. What do you tell Mr. Munson?

Question 2. Charles lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice. Because of the size of the store, no new ovens can be added. At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time. This new process will require that the ovens be loaded by hand, requiring additional manpower. This is the only thing to be changed. If the bakery makes 1,500 loaves per month with a labor productivity of 2,344 loaves per labor-hour, how many workers will lackey need to add? Each worker works 160 hours per month.

Question 3 Ranga Ramasech is the operation manager for a firm that is trying to decide which one of four countries it should research for possible outsourcing providers. The first step is to select a country based on cultural risk factors, which are critical to eventual business success with the provider. Ranga has reviewed outsourcing provider directories and found that the four countries in the table that follows have an ample number of providers from which they can choose. To aid the country selection step, he has enlisted the aid of a cultural expert, John Wang, who has provided rating of the various criteria in the table. The resulting rating are on a 1 to 10 scale, where 1 is a low risk and 10 is a high risk.

John has also determined six criteria weightings: Trust, with a weight of 0.4: Quality, with 0.2; Religious, with 0.1; Individualism, with 0.1; Time, with 0.1; and Uncertainty, with 0.1. Using the factor-rating method, which country should Ranga select?

Culture Selection Criterion Mexico Panama Costa Rica   Peru
Trust 1 2 2 1
Society Value of Quality Work 7 10 9 10
Religiuos Attitudes 3 3 3 5
Individual Attitudes 5 2 4 8
Time Orientation Attitudes 4 6 7 3
Uncertainty Avoidance Attitudes 3 2 4 2

Discussion Questions from Strategy at Regal Marine Case:

1. State Regal Marine's mission in your own words.

2. Identify the strength, weakness, opportunities, and threats that are relevant to the strategy of Regal marine.

3. How would each of the 10 operations management decisions apply to operations decision making at Regal Marine?

4. How would each of the 10 operations management decisions apply to operations decisions making at Regal Marine?

Question 4. Draw the activity-on-node (AON) project network associated with the following activities for Carl Betterton's construction project. How long should it take Carl and his team to complot this project? What are the critical path activities?

Activity

Immediate Predecessor(s)

Time (Day

A

 

3

B

A

4

C

A

6

D

B

6

E

B

4

F

C

4

G

D

6

H

E,F

8

Question 5. The actual demand for the patients at Omaha Emergency Medical Clinic for the first 6 weeks of this year follows:

Week

Actual No. of Patients

1

65

2

62

3

70

4

48

5

63

6

52

Clinic administrator Marc Schniederjans wants you to forecast patient demand at the clinic for week 7 by using this data. You decide to use a weighed moving average method to find this forecast. Your method uses four actual demand levels, with weights of 0.333 on the present period, 0.25 one period ago, 0.25 two periods ago, and 0.167 three periods ago.
a. What is the value of your forecast?
b. If instead the weights were 20, 15, 15, and 10, respectively, how would the forecast change? Explain why.
c. What if the weights were 0.40, 0.30, 0.20, and 0.10, respectively? Now what is the forecast for week 7?

Question 6. Prepare a product-by-value analysis for the following products, and given the position in its life cycle, identify the issues likely to confront the operations manager and his or her possible actions. Product Alpha has annual sales of 1,000 units and a contribution of $2,500; it is in the introductory stage. Product Bravo has annual sales of 1,500 units and contribution of $3,000; it is in the growth stage. Product Charlie has annual sales of 3,500 units and a contribution of $1,750; it is in the decline stage.

Question 7. Develop a Pareto chart of the following causes of poor grades on an exam:

Reason for Poor Grade

Frequency

Insufficient Time to Complete

15

Late Arrival to Exam

7

Difficulty Understanding Material

25

Insufficient Preparation Time

2

Studied Wrong Material

2

Distractions in Exam Room

9

Calculator Batteries Died During Exam

1

Forgot Exam was Scheduled

3

Felt Ill During Exam

4

Question 8. A recent Gallup poll of 519 adults who flew in the past year found the following number of complaints about flying: Cramped seats (45), cost (16), dislike of fear of flying (57), security measures (119), poor service (12), connecting flight problem (8), overcrowded planes (42), late planes/waits (57), food (7), lost luggage (7), and other (51).

a. What percentage of those surveyed found nothing they dislike?
b. Draw a Pareto chart summarizing these responses. Include the "no complaints" group.
c. Use the ‘four Ms" method to create a fish-bone diagram for the 10 specific categories of dislike (exclude "other" and "no complaints").
d. If you were managing as airline, what two or three specific issues would you tackle to improve customer service? Why?

Question 9. Prepare a time-function map for one of the activities in Problem 7.1.
Problem 7.1 Prepare a flowchart for one of the following:
c. a shoe shine

Reference no: EM13868226

Questions Cloud

What will be the companys profits or losses : What will be the company's profits or losses? How can you tell at a glance whether the company is making or losing money at this price just by looking at average cost?
Triangular membership function : Write the equation for a triangular membership function that is independent of the center point and the width.
Challenges and benefits in partnering relationships : The challenges and benefits in partnering relationships between clients and contractors in construction and operation projects related to oil and gas.
Explain crime rate declines would cause gdp to overstate : Explain briefly crime rate declines would cause GDP to overstate or understate the degree of change in the broad standard of living. a. The
Prepare a product-by-value analysis : Identify the strength, weakness, opportunities, and threats that are relevant to the strategy of Regal marine - how would each of the 10 operations management decisions apply to operations decision making at Regal Marine?
Which method would result in the lowest net income : Determine the appropriate amounts to complete the following schedule. Show computations. Which method would result in the lowest net income for year 1? For year 2? Which method would result in the lowest fixed asset turnover ratio for year 1? Why?
Define epidemiology : Define epidemiology
Compare and contrast internal and external validity : Compare and contrast internal and external validity. Describe and give examples of research questions for which external validity is a primary concern. Describe and give examples of research questions in which internal validity is a primary concern. ..
What is the formula for the expected utility of agent first : What is the formula for the expected utility of agent 1? What is the expected utility of agent 2? Does the size of the prize matter in determining his optimal amount of effort?

Reviews

Write a Review

Operation Management Questions & Answers

  What kind of session did royce attend

He, along with 58 of his coworkers, is in line for a promotion next year. Attending this session was a recommended step. What kind of session did Royce attend?

  Creative abrasion in prior discussion boards

"Creative Abrasion" in prior discussion boards. Diversity in creative teams seems to be a consistent message. In spite of this many of us tend to gravitate towards people we are comfortable with. What techniques can you use to ensure that the diverse..

  What the company does to insure eeo

What the company does to insure EEO (Equal Employment Opportunity) compliance when hiring an employee

  Based on what you discovered in the e-activity

Based on what you discovered in the e-Activity, develop a strategy that any manager could use to boost sales from customers using this Website.

  What is the logic in the least squares method

What is the logic in the least squares method of linear regression analysis?

  Which option should the company pursue

which would increase sales by $20,000 under both good and bad conditions. Suppose that good conditions are twice as likely as bad conditions. Which option should the company pursue if developing a system costs $25,000?

  Why mary parker follett ideas tended to be popular

Why do you think mary parker follett's ideas tended to be popular with business people of her day but were ignored by management scholars.

  Guidlines of the federal reserve and the justice department

Under the standard merger guidlines of the Federal Reserve and the Justice Department, is the merger likely to be approved?

  Estimate the total contribution to profits from new product

Mary Williams, owner of Williams Products, is evaluating whether to introduce a new product line. After thinking through the production process and the costs of raw materials and new equipment.

  Principles of bureaucracy-design organizational hierarchy

How can the principles of bureaucracy help managers design the organizational hierarchy? When does bureaucracy become a problem in an organization? What can man- agers do to prevent bureaucratic problems from arising?

  How can we cover and understand the gaps

How can we cover and understand the gaps in our company? and what is the slosh-an

  What areas must be monitored for quality

What areas must be monitored for quality. What accrediting and regulatory organizations are involved in QI. What are their roles.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd