EBK MANAGEMENT, LOOSE-LEAF VERSION
13th Edition
ISBN: 8220103768115
Author: DAFT
Publisher: YUZU
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Chapter 14, Problem 4DQ
Summary Introduction
To determine:
Importance of Optimism for Managers, Challenges that team face having an optimistic manager and how to deal with them as an employee?
Introduction:
Optimistic approach is one of the important quality that any Manager should posses to be competitive in business. However there are few challenges that teams face when having an optimistic manager.
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As a human resources manager in a health care organization, you will be asked to develop varying types of strategies and management techniques that improve the performance of your workforce. It is important for you to know how to keep abreast of such strategies through research, as well as analyze how such strategies and techniques can be applied in your organization. In this assessment, you will apply these skills.
Selecting: Blue Cross Blue Shield, Division: Healthcare Claims
Assuming: You are the human resources director for your selected organization.
In a recent meeting, executive management has determined it would like to improve health care workforce performance levels within a specific division of your organization.
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1. Sales of humanoid robots by a technology company from January 2024 to December 2025
are shown in the table below:
Time
Number sold
Month
Number sold
Time
Number sold
2024.1 51
2024.6 54
2024.11 44
2024.2 35
2024.7 52
2024.12 47
2024.3 28
2024.8 48
2025.1
2024.4 32
2024.9 42
2024.5 48
2024.10 46
(a) What can the above table of time and sales be called in forecasting?
(b) Using Naive approach, develop forecasts for 2025.1.
(c) Using 3-Month Moving Average, develop forecasts for 2025.1.
(d) Using Exponential Smoothing usinga-0.1, a-0.5, -0.9, develop
forecasts for months from 2024.1 to 2025.1. Note: The initial predicted
value is taken as the average of the first three observations.
(e) Analysing the effect of the above three predictions (-0.1, 0.5, -0.9)
by drawing a picture. What is the better value of a to predict by viewing
the picture?
2. (a) Control charts are tools used to monitor the stability of processes over time.
Explain the purpose of the following control charts, with one example for
each chart.
i) Median chart
ii) Standard deviation chart
(b) Assignable variation refers to variations in a process that can be attributed to
identifiable sources.
List two specific methods for identifying assignable variation in a
production process.
(c) A bakery is investigating the weight consistency of its bread loaves. Historically, the
process has had a standard deviation of 0.05 kg. The average weights from 20 samples,
each containing n=10 loaves, are recorded below:
Sample
Mean Weight (kg) Sample
1
0.503
Mean Weight (kg)
11
0.502
2
0.499
12
0.505
3
0.501
13
0.504
4
0.500
14
0.503
5
0.504
15
0.499
6
0.502
16
0.504
I
Chapter 14 Solutions
EBK MANAGEMENT, LOOSE-LEAF VERSION
Ch. 14 - Prob. 1OTJVCCh. 14 - Prob. 2OTJVCCh. 14 - Prob. 3OTJVCCh. 14 - Prob. 1DQCh. 14 - Prob. 2DQCh. 14 - Prob. 3DQCh. 14 - Prob. 4DQCh. 14 - Prob. 5DQCh. 14 - Prob. 6DQCh. 14 - Prob. 7DQ
Ch. 14 - Prob. 8DQCh. 14 - Prob. 9DQCh. 14 - Prob. 10DQCh. 14 - Prob. 1EECh. 14 - Prob. 2EECh. 14 - Prob. 3EECh. 14 - Prob. 4EECh. 14 - Prob. 5EECh. 14 - Prob. 6EECh. 14 - Prob. 7EECh. 14 - Prob. 8EECh. 14 - Prob. 9EECh. 14 - Prob. 10EECh. 14 - Prob. 11EECh. 14 - Prob. 12EECh. 14 - Prob. 13EECh. 14 - Prob. 14EECh. 14 - Prob. 15EECh. 14 - Prob. 16EECh. 14 - Prob. 17EECh. 14 - Prob. 18EECh. 14 - Prob. 19EECh. 14 - Prob. 20EECh. 14 - Prob. 21EECh. 14 - Prob. 22EECh. 14 - Prob. 23EECh. 14 - Prob. 24EECh. 14 - Prob. 25EECh. 14 - Prob. 26EECh. 14 - Prob. 27EECh. 14 - Prob. 28EECh. 14 - Prob. 29EECh. 14 - Prob. 30EECh. 14 - Prob. 31EECh. 14 - Prob. 32EECh. 14 - Prob. 1SGBCh. 14 - Prob. 1EDCh. 14 - Prob. 2EDCh. 14 - Prob. 3EDCh. 14 - Prob. 1CFCACh. 14 - Prob. 2CFCACh. 14 - Prob. 3CFCA
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