EBK UNDERSTANDING MANAGEMENT
10th Edition
ISBN: 8220101442185
Author: MARCIC
Publisher: YUZU
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Question
Chapter 9, Problem 6DQ
Summary Introduction
To determine:
The compensation plans for the textile manufacturing plant, waiters in a restaurant and for a salesperson in an insurance company.
Introduction:
Human resource management (HRM) is pre-planning for human resources in the organization which also includes the planning for filling the expected vacancies with appropriate talent in the organization. The Human resource planning includes procedures like choosing recruiting sources, Inviting applications, conducting tests and interviews and planning for retirements, growth, and resignations.
Compensation:
Compensation includes the monetary and nonmonetary payments or facilities given to the employees by the organization. The Compensation includes salaries and other benefits like insurance, travel facilities, accommodations etc. Developing an effective compensation plan is the part of Human resource management (HRM).
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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.
Management has asked you to research and identify 3 diverse strategies that use innovative management techniques, operational practices, or technology that could be applied to improve workforce performance within the…
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 9 Solutions
EBK UNDERSTANDING MANAGEMENT
Ch. 9 - Prob. 2OTJVCCh. 9 - Prob. 3OTJVCCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 9DQCh. 9 - Prob. 1GL
Ch. 9 - Prob. 1ALCh. 9 - Prob. 2ALCh. 9 - Prob. 3ALCh. 9 - Prob. 4ALCh. 9 - Prob. 5ALCh. 9 - Prob. 1CFCACh. 9 - Prob. 2CFCACh. 9 - Prob. 3CFCACh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 10DQCh. 9 - Prob. 1SLCh. 9 - Prob. 2SLCh. 9 - Prob. 3SLCh. 9 - Prob. 4SLCh. 9 - Prob. 5SLCh. 9 - Prob. 6SLCh. 9 - Prob. 7SLCh. 9 - Prob. 8SLCh. 9 - Prob. 9SLCh. 9 - Prob. 10SLCh. 9 - Prob. 11SLCh. 9 - Prob. 12SLCh. 9 - Prob. 13SLCh. 9 - Prob. 14SLCh. 9 - Prob. 1EDCh. 9 - Prob. 2EDCh. 9 - Prob. 3ED
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