A regional bank training center has the physical ability to handle 1,300 participants. However, management personnel believes that only 1,100 participants can be handled effectively for most training sessions. The last training session, although forecasted to have 1,000 participants, resulted in the attendance of only 990 participants. Calculate the utilization and efficiency of the training facility
Q: The following table gives the map coordinates and the shipping loads for a set of cities that we…
A: Given data:
Q: To reduce and dampen information distortion, what should firms do? (select all that apply) Group of…
A: It is the goal of every supply chain to maximise the total value created. The value created by a…
Q: A home improvement store sells hydrangea plants during the spring planting season. The hydrangeas…
A: Cost = $15 per unit Selling price = $45 per unit Salvage value = $7 per unit Service level = 99%…
Q: What is your forecast for next year’s sales?
A: The least squares method is a statistical technique that is used to estimate the parameters of a…
Q: Case Study: Nina Lopez and Matt O’Rourke have been trying to raise capital to expand their growing…
A: Introduction: Nina Lopez and Matt O'Rourke are entrepreneurs, who runs a cupcake business called…
Q: The success of any project is dependent on a diverse range of skills, abilities and competencies of…
A: An expert who organizes, plans, and manages projects while adhering to constraints like finances and…
Q: 5- A sourcing strategy for procuring leverage items would be to? a-use reverse auctions.…
A: Ans) 5) Leverage items are the High profit impact with low supply risk. Not used for decentralized…
Q: Consider the following project activities: Activity Name Immediate Predecessor (list number/ name,…
A: A network diagram is a graphical representation of a project which helps to identify the project…
Q: q10- What is the best description of Granger-causality? Select one: a. the ability of lags of…
A: Ans) Granger Casuality means usefulness of one variable to predict or forecast another variable. It…
Q: What is facility layout?
A: To put Simply, facility layout is the arrangement of a facility to maximize processes that are not…
Q: a) Explain what a “supply chain” is. b) Explain why practioneers of supply chain management need…
A: Supply chain management is an important part of business strategy. It can be used to improve…
Q: Maximum Flow
A: To find out the number of vehicles that can move from school to park can be calculated using the…
Q: Under the operations analysis, how do you know how to assign responsibilities?
A: Operational analysis refers to the inspection or checking of the current state of performance for…
Q: A company manufactures nails and screws, which possess raw materials 300 units and 360 labor hours…
A: X = Kg of Nails to be manufactured Y = Kg of Screws to be manufactured
Q: Forecasting method A has errors of 10, -15, 5 and 20. Forecasting method B has errors of -10, 4, 16…
A: Forecasting is a method of predicting the unknown. In other words, it is a step forward by looking…
Q: A manufacturer’s annual demand is 6000 units. The current units per order is $100. The setup cost is…
A: Economic order quantity is the optimal quantity of products or goods that company purchase, store…
Q: The figure below shows the possible routes from city A to city M as well as the cost (in dollars) of…
A: Ans) In the current diagram we can see that traveller wanted to reach from A to M in minimum cost.…
Q: #2 2. A project has the following cash flows: Two Three years years from from now Now -$4 million…
A: The detailed solution is given in Step 2
Q: What are the two primary questions a client will ask you when beginning a project? Why is it hard to…
A: The beginning or initiation of the project is the first step when the project gets started. During…
Q: Improperly structured sales force incentives are a significant obstacle to coordination in the…
A: T/F question Improperly structured sales force incentives are a significant obstacle to…
Q: Which of the following graphs correctly portrays the relationship between inventory level (y-axis)…
A: Economic Order Quantity (EOQ) is a technique using for identifying the optimal ordering quantity…
Q: Explain Three (3) approaches that a buyer could take to obtain reliable information about suppliers’…
A: The functioning and financial health of company are critically impacted by the financial stability…
Q: If he uses the earliest due date first priority rule to schedule these jobs, what will be the…
A: Scheduling is the process of arranging production activities in order to complete the manufacturing…
Q: The table below provides financial information for a hardware retailer. What is the retailer's…
A: Given data; Cost of goods sold 33180 units Average inventory 8000 units No. of days 365…
Q: A firm has established a distribution network for the supply of a raw material critical to its…
A: When supply is less than demand or vice versa, it is called as unbalanced problem. For unbalanced…
Q: Firms focusing on responsiveness tend to a. locate facilities close to the market they serve. b.…
A: In supply chain management, considerations around facility network infrastructure are essential.…
Q: Refer to Table S6 1-Factors for Computing Control Chart Limits (3 sigma) for this problem.…
A: Control chart helps to the business to analysis the how process change over time. It has a three…
Q: An appliance store sells microwaves at a steady rate throughout the year. Each microwave costs the…
A:
Q: What is the BEST source of lighting for a web conference? O an uncovered window behind you O a soft…
A: Web conferences means meeting virtually using laptop or desktop with web cam on. Communication is…
Q: Which of the following is NOT a reason why companies hold inventory? Multiple Choice to…
A: Ans) There are many reasons why companies hold inventory are: 1) To meet uncertainty in demand,…
Q: M. P. VanOyen Manufacturing has gone out on bid for a regulator component. Expected demand is 675…
A: Ans) EOQ = Sqrt (2*D*S/H) D = Annual Demand = 675*12 = 8100 S = $ 45 H = $ 5
Q: After reading about economic predictions, Debbie Gibson (see problem #4) has assigned the…
A: Given data:
Q: In September 2020, ACME Fabricators advised its staff that their new factory and offices out in…
A: Risk can be defined as an undesirable event that can cause losses to businesses. Risk factor remains…
Q: The Chattanooga Furniture store gets an average of 72 customers per shift. Marilyn Helms, the…
A: Arrival Rate = 72 customers per shift Cost of waiting = $1 min per customer Cost of salesperson per…
Q: to determine the total cost of the Anita Enterprises option if the Onion Shack purchases 240,000…
A: 1cwt = 10 bags 240000 = 240000/10 = 24000 Shipping cost = $1.35 per bag
Q: I What is the bullwhip effect and how does it relate to lack of coordination in the supply chain?
A: The bullwhip effect occurs in distribution channels when supply chain inefficiencies are caused by…
Q: Identify the appropriate inventory model to obtain the optimal lot size for the given problem…
A: Find out the number of T-shirts Rick should order so as to maximize his expected profits.
Q: follows: The monthly sales for Yazici Batteries, Inc., were as MONTH January February March April…
A: a)
Q: Using trend projection, develop a formula to predict sales for years 11 and 12. You have to show all…
A: The given data stated below, Year TV Sales 1 150 2 300 3 480 4 600 5 630 6 640 7…
Q: An institution has 7 departments. The closeness chart is given in the following table. 1. Material…
A: Here consider: Here 1 Material Storage 2 Forming 3 Machining 4 Painting 5 Assembly…
Q: a) What is the ROP to satisfy a %90 probability of not stocking out? b) What is the safety stock? c)…
A: Daily demand (d) = 100 Standard deviation demand (Sd) = 12 Lead time (L) = 5 Standard deviation (Sl)…
Q: A grocery store starts each day with a stock of 245 bananas in their produce section. Daily demand…
A:
Q: terested in arriving at a forecast of rentals so that she can order the correct quantities of…
A: Ans) Formula:
Q: What is the total holding cost per year, including annual holding cost for safety stock (to the…
A: Given: Annual demand D 25000 Holding cost H 1 Ordering cost S 30 service level 0.95…
Q: The management of a supermarket wants to adopt a new promotional policy of giving a free gift to…
A: Given data: Mean (μ)=$95Standard devition (σ) = $32.37
Q: A lawn and garden store creates three different potting mixes sold in 20-pound bags. Mox A contains…
A: Given data is Mix Peat req (pounds) Perlite req (pounds) Organic material req (pounds) Profit A…
Q: What combination of x and y will yield the optimum for this problem? Maximize $10x + $4y, subject to…
A: Linear programming is a mathematical optimization technique that finds the optimal solution to a…
Q: Question B Elaburate the Smart Warehouse contribution to enhance companies’ supply chain…
A: An automated warehouse system, either entirely or in part, is known to as a smart warehouse. The…
Q: e weapon" Justify the statemen
A: Since quality is an integral component of an organization's overall competitive advantage, the…
Q: What role does inventory management play in an overall business plan and describe the benefits of…
A: *As per guidelines in multiple questions first one is answerable.The inventory management process in…
A regional bank training center has the physical ability to handle 1,300 participants. However, management personnel believes that only 1,100 participants can be handled effectively for most training sessions. The last training session, although
Step by step
Solved in 3 steps
- A regional bank training centre has the physical ability to handle 1,300 participants. However, management personnel believe that only 1,100 participants can be handled effectively for most training sessions. The last training session, although forecasted to have 1,000 participants, resulted in the attendance of only 990 participants. Calculate the utilization and efficiency of the training facilityA regional bank training center has the physical ability to handle 1,300 participants. However, management personnel believe that only 1,100 participants can be handled effectively for most training sessions. The last training session, although forecasted to have 1,000 participants, resulted in the attendance of only 990 participants. Calculate the utilization and efficiency of the training facility.What is CAPACITY REQUIREMENTS FORECASTING?
- Explain how the capacity analysis responds to a large number of processes operating simultaneously.In reference to an Human Resource Management course 4th year college course at Malone University using the following textbook: Gomez-Mejia, L. R., Balkin, D. B., Cardy, R. L., & Carson, K. P. (2020). Managing human resources. (9th ed.). Boston: Pearson Education. Which one of the following functions is typically not a human resource management responsibility? a. Analysis and design of work b. Demand forecasting c. Performance management and development d. Exit interviewsTax Prep Advisers, Inc., has forecasted the following staffingrequirements for tax preparation associates over the next12 months. Management would like three alternative staffingplans to be developed. The company currently has 10 associates. No more than 10new hires can be accommodated in any month because oflimited training facilities. No backorders are allowed, andovertime cannot exceed 25 percent of regular-time capacityon any month. There is no cost for unused overtime capac-ity. Regular-time wages are $1,500 per month, and overtimewages are 150 percent of regular-time wages. Undertime ispaid at the same rate as regular time. The hiring cost is $2,500per person, and the layoff cost is $2.000 per person.a. Prepare a staffing plan utilizing a level workforce strategy,minimizing undertime. The plan may call for a one-timeadjustment of the workforce before month 1.b. Using a chase strategy, prepare a plan that is consistent withthe constraint on hiring and minimizes use of overtime.c.…
- Identify where performance gaps exist in your operations process by employing the Gap Model. How to improve the demand forecasting of the prepared foods department of a supermarket company?During the last few years, ABC has been having issues with the “prepared foods” department, which has X in total people as headcount (X operators and one supervisor). They are distributed to cover the X shift the store has per day. There are two sub-departments, prepared meals and prepared soups & salads. Each one could be sold in two presentations, packaged or self-serve buffet-like. Likewise, every meal prepared and packaged by the operators in the store only has an average of X of useful life and must be thrown away a day before its expiration. Among the issues in the department, five affect the performance of the store and category. The lack of production planning: the preparation of every meal is not based on sales, demand, days of the week, weekends, or seasonal campaigns. Instead, it is…J 1 ue K Beth Zion Hospital has received initial certification from the state of California to become a center for liver transplants. The hospital, however, must complete its first 10 transplants under great scrutiny and at no cost to the patients with the hospital picking the expenses. The cost per hour of surgery is estimated to be $5,000. The very first transplant, just completed, required 27 hours. On the basis of research at the hospital, Beth Zion estimates that it will have an 75% learning curve. Using Table E.3, estimate the time it will take to complete: a) the 10th transplant hours (round your response to two decimal places). Learning Curve Coefficients Unit Number (N) 10 Unit Time .385 75% Total Time 5.589 Unit Time .477 80% Total Time 6.315 Unit Time .583 85% Total Time 7.116 XDuring slack periods, Chantilly Cove Hotel’s Reservations Manager Leah would rally her team to upsell rooms and group packages. It has been a struggle for most hotels in their area to keep up with occupancy levels in offsetting low-generating weekdays to not-so-performing weekends. Which characteristic of hotel operations is evident in the scenario? Why? Explain your answer briefly.