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What potential obstacles do you face in establishing urgency for change within your organization? How might you circumvent these obstacles?
A vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is constant. Customers arrive at a mean rate of 78 per hour, and this rate is Poisson-distributed.
A recent project nominated for consideration at your company has a four-year cash flow of $20,000; $25,000; $30,000; and $50,000. The cost of the project is $75,000.
Sales (X, in millions of dollars) is related to Profits (Y, in hundreds of thousands of dollars) by regression equation Y = 8.21 + 0.76 X. Illustrate what is your forecast of profit for a store with sales of $40 million or $50 million.
The Corporation's market research department advises the Corporation to use at most 90% of the advertising budget on television ads. Describe how should the advertising budget be allocated to maximize the total audience.
Additionally, cash dividends declared and paid during Year 2 totaled $165,000 of which $15,000 were preferred dividends. The market price of a share common stock on December 31, Year 2 was $180,000.
What motivates people in each level of Maslow's Hierarchy? Provide an example of what could be done to move a person to a higher level of the hierarchy within your work group.
ABC Airlines has calculated the total costs (fixed and variable) for the passenger service flights between Los Angeles, California and Orlando, Florida. The two methods used were the high-low method and the least squared method.
What is the optimal production run size? How many production runs must be made each year?
The Hickory Cabinet and Furniture Company has decided to concentrate on the production of chairs. The fixed cost per month of making chairs is $7,500, and the variable cost per chair is $40.
Articulate key aspects of operations management. Explain why operations management is important to managers in various organizational areas. Please provide specific examples.
You have been asked to join a strategic planning discussion, and hoping to contribute to the meeting, you decide to take one more look at United Airlines' situation to see if you can formulate some insight that could give the company an edge again..
Determine which activities are non-critical and their respective slack times. How long will the project take to accomplish?
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