EBK PRINCIPLES OF OPERATIONS MANAGEMENT
EBK PRINCIPLES OF OPERATIONS MANAGEMENT
11th Edition
ISBN: 9780135175859
Author: Munson
Publisher: VST
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Chapter 11.S, Problem 2P
Summary Introduction

To determine: The number of suppliers to be chosen by Company W.

Introduction Supply chain management is one of the important elements of a business, which impacts the business product development. With expanding business in global conditions, supply chain activities can impact on the cost effectiveness of the business.

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Phillip Witt, president of Witt Input Devices, wishesto create a portfolio of local suppliers for his new line of keyboards.As the suppliers all reside in a location prone to hurricanes,tornadoes, flooding, and earthquakes, Phillip believes thatthe probability in any year of a " super-event" that might shutdown all suppliers at the same time for at least 2 weeks is 3%.Such a total shutdown would cost the company approximately$400,000. He estimates the " unique-event" risk for any of thesuppliers to be 5%. Assuming that the marginal cost of managingan additional supplier is $15,000 per year, how many suppliersshould Witt Input Devices use? Assume that up to three nearlyidentical local suppliers are available.
Phillip​ Witt, president of Witt Input​ Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. Suppose that Phillip is willing to use one local supplier and up to two more located in other territories within the country. This would reduce the probability of a​ "super-event" that might shut down all suppliers at the same time at least 2 weeks to 0.5​%, but due to increased distance the annual costs for managing each of the distant suppliers would be ​$25,000 ​(still ​$15 comma 000 for the local​ supplier). A total shutdown would cost the company approximately ​$400,000. He estimates the​ "unique-event" risk for any of the suppliers to be 5​%. Assuming that the local supplier would be the first one​ chosen, how many suppliers should Witt Input Devices​ use? Find the EMV for alternatives using​ 1, 2, or 3 suppliers. ​EMV(1)equals=​$ ​(Enter your response rounded to the nearest whole​number.) ​EMV(2)equals=​$ ​(Enter your response rounded to the nearest…
Gongjin Hotel is a budget hotel in the province of Gyeongsan. Due to the COVID-19 pandemic, the hotel wanted to convert the hotel to a facility for OFWs that were returning to the country because of the protocols mandated by the government where they need to be quarantined for 3-7 days before returning to their cities. Furthermore, the hotel is expected to be fully booked because they are the only hotel that would offer this service. Being the Executive Housekeeper, how will you encourage the general manager to convert the hotel? What protocols would you be implementing for the hotel as well for the housekeeping employees for them to be allowed to convert to the hotel? Give at least five (5) recommendations and support your answers with related literature.

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EBK PRINCIPLES OF OPERATIONS MANAGEMENT

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