Questions 1. What were the problems of Corning's old system? 2. What was the logic behind decentralizing operations? 3. How is integration of information done in the decen- tralized environment? 4. How is flexibility provided by the new system?
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- If there is 5 manufacturers and 4 customers. The number of contacts without a distributor distributor and with O a. 4, 4 O b. 5, 5 Oc. 9, 20 O d. 20, 9Termination from a job is an unpleasant experience which most employees have to go through at some point during their professional career. Getting terminated from the job may have psychological, professional and financial consequences on the employees. Suppose as an MBA student, you decide to investigate the experience of termination from job of employees working in the banking sector as part of your thesis research. Plan a qualitative study to investigate banking sector employee’s experience of termination from job by answering the following questions: Q.3 What steps will you take before, during and after this study to comply with research ethics? Write at least 7 steps.Q1. Hotel manager Mr. Smith and his resourceful assistant, John, run a 26-room hotel in a little town. A combination of Mr. Smith's friendly attitude and the absence of a respectable hotel in the nearby vicinity imply that Mr. Smith enjoys sufficient demand at his low fare of $159 per night. John notes that some customers will walk into the hotel requesting a room for that evening and they are willing to pay a high fare of $325 per night. John knows this demand is variable. (In reality, this demand is U(4,9)) He suggests some rooms should be kept unsold to the low-fare customers so that they can serve the high-fare customers. a) To maximize profits with John's plan, what is the booking limit that should be set for low fare customers? b) Mr Smith does not like the idea of John and says “we will sell to everyone who reserves in advance and ignore the walk-in demand." If Mr Smith has his way, what will be the hotel's expected revenue? C) John replies, "If you are going to forgo the…
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- D & R A1 10 - 6 Question 10. Minimum Variance Commodity Hedge Choc Full of Good Inc., a producer of powdered hot chocolate, has just received a large order that will require the purchase of 800 metric tons of cocoa in 3 months. The current spot price of cocoa is US $3,055 per metric ton. The standard deviation of the change in spot cocoa price is 0.2. Mr. Dulce, the CFO of Choc Full, is considering a minimum-variance hedge of this future cocoa purchase using the three-month cocoa futures contract. The contract size is 10 metric tons. The standard deviation of the change in cocoa futures price is 0.25. The covariance between the change in the spot and futures cocoa price is 0.035. The annually compounded interest rate faced by the company is 5%, the three-month storage cost is $2.5 per metric ton, and the convenience yield is $0.5 per metric ton. What is the estimated effectiveness of this minimum variance hedge?Question 10.6 Storage Limited operates a 50-week working year. It produces a product called "GENERAL' for which demand any week in the year is described by the probability distribution below: Demand 2 3 4. 7 8. 9 Probability 0.07 0.10 0.11 0.13 0.15 0.17 0.13 0.08 0.04 0.02 Demand can only be satisfied (if at all) from stocks. The stockholding costs are N4 per item per year. Fixed costs per re-order are N16 and the variable, re-order costs are N30 per unit Lead time is one week. The costs of being out of stock are N12 per unit short. You are required to calculate: (i) The average weekly demand; [i] The Economic Order Quantity; [iv] The number of ordering cycles in the year; and [v] State briefly the main reason for holding inventory, and explain why good inventory management is a very important aspect of overall company management. [ii The average annual demand;Q1. Dallas Mavericks’ owner Mark Cuban proved his business intelligence once again with the acquisition of star player Kristaps Porzingis. To benefit from this blockbuster trade even further, Cuban plans to sell one-time-only special edition Porzingis jerseys at a price of $380 each during the first month of the season (i.e., during October 2019 only). The production cost for each of these jerseys would be $100 thanks to their golden details, and any unsold jersey during October will be sold for $80 during November 2019. Knowing the fan base for years, Cuban estimates demand for these special edition jerseys to follow a normal distribution with a mean of 10,000 units and a standard deviation of 2,000. partc. Cuban also plans to sell these special edition jerseys in his vacation resort. Knowing that people are wealthier in the resort, he sets a price of $500 for each jersey (although production cost stays the same). This time however, he cannot sell any unsold jerseys outside the…
- SUBJECT: Fundamentals of Business Analytics How does analytics be useful in the sector of: A. TourismB. AgricultureC. EconomicsQ.2 AI Muhannad Industrial and Domestic Services, Oman requires on average 4000 sheets of A4 size papers per day at its different office locations in Muscat. Each time the purchase manager orders centrally the A4 size papers, the total expenses incurred to the company are estimated to be 10.6 OMR per order. Presently the company orders 350 reams of papers per order at a flat rate of 2.1 OMR per ream (one ream contains 500 A4 size papers). It takes almost a day for the local supplier to deliver the order. Considering the overall cost of the inventory and the manpower involved, the annual carrying costs for the company is estimated to be 35% of the cost for each ream of the paper. The company operates on 5 days a week over 46 weeks per year. (i) Is the present purchase policy economical for the company? If not, guide the purchase manager in selecting the best economical policy in terms of expected number of orders annually, ordered quantity per order, reorder point and the expected time…Subject Name: Simulation & Modelling Q. Describe the following : • Simulation of a Multi-server queueing system • Simulation of an inventory system