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Timmy Thompson, who finished his second year at a local community college last May, sees an advertisement to rent an apartment at Ocean Apartments for $1,500 a month. Timmy walks into the lobby of Ocean Apartments to rent an apartment, but he is told by Lily Lightfoot, the President of Ocean Apartments, Inc., that there was a mistake on the ad and rent is actually $2,000 a month. Timmy says he doesn like getting swindled and shouldn get the apartment as he signs the 1 year lease. Lily then signs the lease on behalf of Oceans Apartments, Inc., the entity that owns the apartments.
1. Based on the facts above, have the parties entered into a binding contract? Please explain your answer, making sure that you discuss each element of a contract and identifying how each was or was not met
3,000 widgets must be machined on workstation during week. Each widget is identical and requires a machining cycle time (Tc) of 36.5 minutes. All of the machining centres in the sh
A dry cleaner uses exponential smoothing to forecast equipment usage at its main plant. August usage was forecasted to be 88 percent of capacity; actual usage was 89.6 percent of c
How important is candour in crisis communications?
Question: What Maintenance policies to be done by the operations manager to reduce failures and improve productivity? • Emphasize on suitable maintenance practices. • Give a
Earlier in the class, we noted that communication is the glue holding organizations together. We might say that trust is the "oil" of the organization. With it, processes can opera
Question 1: (a) Using appropriate examples, explain in details the different approaches that operations managers can use to reconcile capacity and demand. (b) Critically S
Develop a forecast for years 2 through 12 using exponential smoothing with ? = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the nai
Question: You are the Operations Manager at Alien University and one of your responsibility is to manage the supplies of the University. One of your supplier has given you quan
A grocery chain is considering the installation of a set of 4 self-checkout lanes. The new self-checkout lane setup will replace 2 old cashier lanes that were staffed by a cashier
Theory of constraints -TOC The theory of constraints was first proposed in 1986 by Dr Eliyahu M. Goldratt in his widely read book The Goal. The theory of constraints is the pr
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