I need help going about solving these problems, by showing work. I can't figure out the correct formula. 1. You would like to take a cruise in six years. The cruise currently costs $4,250. You expect the price to increase by 4% annually. You can earn 5% on your savings. How much do you need to save at the end of each mon
Is there AN organization that you know of that had power corruption or ethical lapses apart from Enron and MCI worldcom. WOULD IT BE POSSIBLE FOR YOU TO EXPAND ON THESE TWO PARAGRAPHS For example, big accounting scandals in recent years such as those of Enron and MCI worldcom have stemmed out of the fact that organization'
Hypothetically the US has signed a contract to sell 100,000 widgets to a company in Germany at 5 euro per widget. Payment is due six months from now. You expect the Euro to appreciate from the current $1/.85 euro within the next 6 months. I could borrow euros from the bank at 10% per year. What is your recommendation and why
The table shows both prospective profits and losses for a company, depending on what decision is made and what state of nature occurs. Use the information to determine what the company should do. s1 s2 s3 d1 30 80 -30 d2 100 30 -40 d3 -80 -10 120 d4
The board of Fashions Unlimited has to choose between two models of plant. Current production with the existing plant is of very poor quality. Plants Existing Model I Model II Additional Investment £0 £5,000 £12,000 Variable Unit Costs £5 £4 £3 Further relevant details available are: i. Existing demand 2,000 unit
The drying rate in an industrial process is dependent on many factors and varies according to the following distribution. Minutes Relative Frequency 3 0.22 4 0.36 5 0.28 6
Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the following payoff table, in thousands. Demand Order Size Low Medium High 1 lot 12 15 15
You have been asked to consult with a small company that is growing at a rapid rate. The president shares the following with you: "I'm thrilled that my little idea for a toolchest has grown so big, but I'm afraid that the company is slipping out of my hands. I've had to hire a lot of people in a short period of time, and now the
What are the ways that health can be conceptualized by a society. What are the determinants of health in humans? What is the connection between how a society defines health and how it pursues health? Has increased access to technology changed that perception over the last decade? What is the connection between health policie
Syvan's nursery does a large business in plaintin trees for real estate developers, who invariably want service "right now". Which 4 principles of operations mangment must Syvan's pay attention to in order to be responsive to this customer want? Discuss.
Describe an organization that you have dealt with as a customer/client seems best at followign principle number 12 - cutting flow time and travel distance for you or for your order? How is this done? Principle #12: cut setup, change over, get ready & start up times. This principle deals with preparation to serve delays of
There are two more assignments in a class before its end, and if you get an A on at least one of them, you will get an A for the semester. Your subjective assessment of your performance is Event Probability A on paper and A on exam .25 A on pap
You have been invited to attend the American Intercontinental Brainstorming Conference, a meeting of elite entrepreneurs and marketing executives. You will use this forum to discuss a new product you wish to launch and the marketing plan you will develop over the next five weeks. Since nondisclosure and confidentiality agreement
The relationship d = 5000 - 25p describes what happens to demand (d) as price (p) varies. Here, price can vary between $10 and $50. a. How many units can be sold at the $10 price? How many can be sold at the $50 price? b. Model the expression for total revenue. c. Consider prices of $20, $30, and $40. Which price alternati
The number of cars arriving at Joe Kelly's oil change and tune-up place during the last 200 hours of operation is observed to be the following: Number of cars arriving Frequency 3 or less 0 4
You work for a major defense contractor. Your company prepared and submitted a bid for a recent Department of Defense RFP, entitled Automated Mobile Defense System (AMDS). You have been assigned to lead Project X, which will design, develop, test, demonstrate and deploy 10 AMDS units to a location to be determined by the DoD ass
Kate is a wonderful accountant... she just has a problem with telling "everything she knows." You found this out quite by accident. You were at an auction and saw her with a group of friends. One item went very high... so Kate went up to see who bought it. Then she came back and announced the result adding: "I don't know how
Well... you've already searched the employee manual and it doesn't say anything about dating. (So don't count on HR for help.) Sally and Bob are both your marketing reps. While you were getting your morning Latte at Starbuck's, you glanced around... and there they were sitting at the corner table. It was obvious they weren'
There is a made up meeting between Samuel Adams (Boston patriot) Peyton Randolph (Williamsburg patriot), John Randolph (Williamsburg loyalist) and Lord Dunmore -John Murray (British governer of Virginia) to debate the ramifications of independance of the colonies from Great Britian. Part 1 (Group): Do some background re
For each of the employee positions below give an example of the next-process customer. Also give an example in which the listed employee would be the next process customer: a) assembler on a production line making kitchen cutlery. b) product design engineer in a toy manufacturing plant. c) data processing manager in a bank
The following sales data are available for 1998-2003 inclusive: Year Sales 1998 7 1999 12 2000 14 2001 20 2002 16 2003 25
Robert has the following accounts on money spent on gambling and winnings: Money spent Money won 1000 2500 1200 4000 11800 4500 2000 4600 2500
The following data summarizes the historical demand for a product Month Actual demand March 20 April 25 May 40 June 35 July 30 August 45 Use exponential smoothing with x=.2 and the smoothed forecast for July is 32 and determine August and September's smoothed forecasts.
Given the following data on the number of pints of ice cream sold at a local ice cream store for a 6-period time frame: Period Demand 1 200 2 245 3 190 4 270 5 280 6 300 Comput
The following functions or departmenst are found in most businesses: human resources, sales, design, and management (cost) accounting. a) Why should professionals in each of those departments have a thorough understanding of the operating end of the business? b) Describe a company program that will achieve the right amount
Services once were neglected in operations mangement studies. manufacturing dominated. Why did OM develop earlier and more extensively for manufacturing than for services? Explain using examples of two different services.
How do you design a forecasting process?
Compare and contrast at least three of the methods used to determine demand.
2) What type of decision process would most people follow in the initial purchase of a new product or brand in each of these categories: toothpaste, flour, men's cologne, carpeting , toilet tissue, bread, light bulbs, a 35mm cameras, a sports car. Extended problem solving or limited problem solving? 5) Which of the followin
The opening of a presentation is very crucial; it sets the tone for the rest of the presentation. What are some ways to prepare an effective opening? Give an example where you have witnessed either an effective opening or one that was not effective and why.