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The operations manager for a large law office must choose between two different copiers to lease. A regular copier, which costs $8 per hour to lease, can complete a copying job in 6 minutes, on averag
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Operations
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You’ve observed the following returns on CP Computer’s stock over the past five years: 15%, -15%, 17%, 27%, and 10%. a. What was the arithmetic average return on CP?s stock over this five-year period? (Do not round intermediate calculations. Enter answer
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Maxim manufactures a hamster food Product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable production costs per bag are $2.90 and the total fixed costs are $10,000. The hamster food can be sold as it is for $8.25
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What are some risks using Equidate to sell private shares on the secondary market?
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You are holding a portfolio with the following investments and betas: |Stock|Dollar Investment|Beta |A|$200,000|1.2 |B|$200,000|1.6 |C|$400,000|0.8 |D|$200,000|-0.15 |Total Investment|$1,000,000
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A local distributor for a national tire company expects to sell \approx imately 9,600 steel-belted radial tires of a certain size and tread design next year. Annual carrying cost is $16 per tire, and or
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Give four examples of routine decisions in business
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A 80 kg skier grips a moving rope that is powered by an engine and is pulled at constant speed to the top of a 25 degree hill. The skier is pulled a distance x = 230m along the incline and it takes 2.
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Which one of the following principles of insurance cannot be applicable strictly in case of life insurance contract? 1) Utmost good faith and Insurable interest 2) Insurable interest and Indemnity
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A tracking Gantt chart does not allow for _____. a. looking at today’s activity progress and determining whether a single activity is behind schedule b. future projections of the project’s status c. looking at today’s activity progress and determining wh
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The University Hospital is contemplating purchasing a new blood gas machine at a cost of $1,300,000. Additional maintenance costs per year are $200,000. The useful life of this machine is 10 years. Th
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Southwest airlines have an agreement to buy jet fuel from Exxon. The goal is to minimize total cost. The annual demand for fuel is 2,400,000 gallons. Exxon charges Southwest $3,000 to process each order. Southwest airlines incur a holding cost of $0.80 pe
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Long-range capacity planning should be the responsibility of: a. analysts b. middle management c. top management d. marketing management
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Henry’s machine shop uses 2,530 during the course of a year. These brackets are purchased from a supplier 90 miles away. The following information is known about the brackets. a. What is the EOQ? unit
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Is it worth to go for FRM Certification? Explain briefly.
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Operations
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Southwest Airlines offers four flights per weekday from Cleveland, Ohio, to Tucson, Arizona. Adding a fifth flight per weekday would cost $15,000 per flight, or $110 per available seat. A) Calculate the incremental costs borne by Southwest following a dec
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The Han’s Autoparts Company imports and sells standard air filters for most Japanese cars. It costs the company $60 to process each order, and the lead time is 1 week. The annual holding cost for one
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Zappos (www.zappos.com) is a Las Vegas based online retailer that has been cited in fortune’s list of the Best Companies to Work for and Fast Company’s list of the world’s most innovative company. The
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The Freewheel motorcycle dealer in the Chicago area wants to be able to forecast accurately the demand for the Freewheel Super Z12 motorcycle. From sales records, the dealer has accumulated the follow
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The following gives the number of pints of type B blood used at Woodlawn Hospital in the past 6 weeks: WEEK OF PINTS USED August 31 360 September 7 389 September 14 410 September 21 381 September 28 368 October 5 374 a) Forecast the demand for the week of
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What is the definition of Standard Procurement System?
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Based on the NIST Special Publication 800-30, integration of Risk Management into the SDLC consist of _____ phases a. ten b. five c. three d. six
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What are the nature of scope of business operations and principals of operations management?
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Operations
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Consider the Taco Bell ad Campaign with the cute little dog that was designed to pulse twenty 15-second spot commercials over several weeks. 1: The ad agency quoted a cost of 400,000 per spot to secu
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a. Draw a network for the project using the immediate predecessors. b. Calculate the expected activity times for all the activities.
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What is meant by the term project objective? What might happen if the project objective is not clearly written? Give three example of clearly written project objectives.
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Keith Shoe Stores carries a basic black dress shoe for men that sells at an \approx imate constant rate of 500 pairs of shoes every 3 months. Keith’s current buying policy is to order 500 pairs each tim
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In the context of rate making, explain the meaning of: a. rate b. exposure unit c. pure premium d. gross premium
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True or false? The service delivery system of an organization includes having customers deal with the organization’s internal policies, practices, or politics.
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Operations
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The operations manager’s job within an organization structure is to: A. ensure high quality, provide competitive advantage, and increase sales B. implement an OM strategy, perform internal audits, and increase productivity C. ensure high quality, perform
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Operations
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How is the practice of risk management similar to hedging and how is it different? Identify why risk management can be beneficial to stockholders’?
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A company is currently paying its employees $0.25 per mile to drive their own cars when on company business. The company is considering supplying employees with cars, which would involve the following: car purchase at $15,000, with an estimated 3-year lif
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Long-term capacity decisions that confront managers include all of the following except: a. workforce size b. capital c. equipment. d. additional land. e. buildings.
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How would you achieve and maintain efficiency and low cost as an operations manager of an airline? You can use an existing airline or hypothetical airline as an example?
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Describe the operational functions within an organisation.
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A rectangular swimming pool 40 ft long, 30 ft wide, and 8 ft deep is filled with water to a depth of 5 ft. Use an integral to find the work required to pump all the water out over the top. (Take as th
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Logan is standing on a dock holding onto a rope swing that is r = 4.30 m long and suspended from a tree branch above. The rope is taut and makes a 30.0-degree angle with the vertical. Logan swings in a circular arc, passing through the bottom of the arc t
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How does risk mitigation impact change control management and vulnerability management?
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Identify three current trends in Operations Management and evaluate their potential impacts on society in future years.
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Three ice-cream packing machines at the Creamy Treat Company are being evaluated for their capability. The following data are recorded: Packing Machine Standard Deviation A 0.25 B 0.05 C 0.05 If spec
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