Organizational Behavior
OER 2019 Edition
ISBN: 9781947172715
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 6.3, Problem 3CC
What are heuristics, and when are they helpful?
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The Gilbert Air-Conditioning Company is considering the purchase of a special shipment of portable air conditioners manufactured in Japan. Each unit will cost Gilbert $75, and it will be sold for $125. Gilbert
does not want to carry surplus air conditioners over until the following year. Thus, all surplus air conditioners will be sold to a wholesaler for $45 per unit. Assume that the air conditioner demand follows a
normal probability distribution with μ =20 and σ = 8.
(a) What is the recommended order quantity? (Round your answer to the nearest integer.)
Q* =
(b) What is the probability that Gilbert will sell all units it orders? (Round your answer to two decimal places.)
P(sell all) =
Research Methods for Business
Research Topic : Perceptions of Artificial Intelligence in Small Businesses: Opportunities and Challenges.
1. Based on the research topic please provide an introduction for a research report.
Please use the screenshot for guidance on how to do the introduction.
please add citations and references.
Westside Auto purchases a component used in the manufacture of automobile generators directly from the supplier. Westside's generator production operation, which is operated at a constant rate, will require
1,000 components per month throughout the year (12,000 units annually). Assume that the ordering costs are $24 per order, the unit cost is $2.20 per component, and annual holding costs are 15% of the
value of the inventory. Westside has 250 working days per year and a lead time of 5 days.
(a) What is the EOQ for this component? (Round your answer to the nearest integer.)
components
(b) What is the reorder point?
(c) What is the cycle time (in days)? (Round your answer to two decimal places.)
days
(d) What is the total annual holding cost (in $) associated with your recommended EOQ? (Round your answer to two decimal places.)
$
What is the total annual ordering cost (in $) associated with your recommended EOQ? (Round your answer to two decimal places.)
Chapter 6 Solutions
Organizational Behavior
Ch. 6.1 - What are some positive outcomes of decision-making...Ch. 6.1 - How is managerial decision-making different from a...Ch. 6.1 - In addition to the owners of a business, who are...Ch. 6.2 - Explain the two-systems used by the brain in...Ch. 6.2 - What is emotional intelligence, and why is it...Ch. 6.3 - Given an example of a programmed decision that a...Ch. 6.3 - Given an example of a non-programmed decision.Ch. 6.3 - What are heuristics, and when are they helpful?Ch. 6.3 - How are programmed and non-programmed decisions...Ch. 6.4 - Explain the concept of confirmation bias.
Ch. 6.4 - List and describe at least three barriers to...Ch. 6.4 - When is conflict beneficial, and when is it...Ch. 6.5 - Explain what satisficing is and when it may be a...Ch. 6.5 - What are the six steps in the decision-making...Ch. 6.5 - What are the four steps involved in ethical...Ch. 6.6 - Explain why group decision-making can be more...Ch. 6.6 - What are some things that can prevent groups from...Ch. 6.6 - As a manager, what can you do to enhance the...Ch. 6 - What are some of the factors that enabled to Jen...Ch. 6 - What are the two systems that the brain uses in...Ch. 6 - What is a heuristic, and when would it be...Ch. 6 - What is confirmation bias? Explain how it can be a...Ch. 6 - What is a logical fallacy?Ch. 6 - What are the two types of conflict? Which one is...Ch. 6 - What are the steps in the decision-making process?...Ch. 6 - What can individuals do to improve the quality of...Ch. 6 - What can groups or group leaders do to improve the...Ch. 6 - What are the benefits of decision-making in a...Ch. 6 - Why do you think vinyl records are appealing to...Ch. 6 - Do you think the sales growth will continue to be...Ch. 6 - What research would you want to conduct prior to...
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