Questions of Case Study: Q1. Keeping professional’s excited about work that is routine and standardized and chaotic is a major challenge for Vincent Weafer. How could he use technical‚ human‚ and conceptual skills to maintain an environment that encourages innovation and professionalism among the virus hunters? Answer: Vincent Weafer’s applies following techniques that encourage innovation and professionalism among the virus hunters. 1- Firstly‚ he divided work into smaller and specialized
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Strategically‚ operations management involves the long-term planning and structuring of work. Indeed‚ the task of operations strategy is to design the operating system‚ which is the joint configuration of resources and processes‚ such that its resulting competencies are aligned with the organization’s desired competitive position. In other words‚ operations strategy focuses on how to best enable and implement the organization’s strategy. (For for-profit organizations‚ “best” can be measured as maximizing
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The economic problem can be described as attempting to satisfy the unlimited and ever changing wants of the consumer with limited resources. As these wants can never be satisfied‚ all individuals‚ businesses and governments are faced with the choice of what to obtain with those resources. As each consumer group’s wants and resources varies greatly‚ each deals with trying to solve the economic problem in a different way. The choices made by each individual are unique‚ depending on income‚ age‚ gender
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paradigm of what is right or wrong and what is more important than another. Culture can evolve inadvertently‚ so‚ it should be planned ahead in time since before a person become a teenager. Culture would highly influence the decisions on resource allocation. This is because people tend to do things that they value the most in prior over other things. For example‚ if your family’s’ culture value more about maintaining relationships among the family member‚ you would likely to spend more time‚ more money
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what are Galanz competitive and operation strategy and how does the operation strategy support its competitive strategy Galanz has built highly its industrial "Threshold" based on its cost advantage. In China‚ there is not any field other than the field of microwave-ovens that is featured by a "Highly Concentrated Brand" which even can be deemed as having entered the "Oligopoly" of the industry: The first corp of Galanz itself holds the market share of about 60%‚ the second corp of LG accounts
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Joint-cost allocation. Elsie Dairy Products Corp. buys one input‚ full-cream milk‚ and refines it in a churning process. From each gallon of milk Elsie produces three cups of butter and nine cups of buttermilk. During May 2010‚ Elsie bought 12‚000 gallons of milk for $22‚250. Elsie spent another $9‚430 on the churning process to separate the milk into butter and buttermilk. Butter could be sold immediately for $2.20 per pound and buttermilk could be sold immediately for $1.20 per quart (note: two
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Case # 5-0015 Updated August 18‚ 2003 Note on Private Equity Asset Allocation Over the past 20 years‚ managers of institutional capital have increasingly allocated more funds to private equity. During that time period‚ private equity has been an asset class with relatively high returns compared to public stock market indices. However‚ the recent economic downturn has made it clear that this asset class also has significant risks. This note describes the characteristics and challenges of private
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Suppose that the economy improves and the crime rate in West Philadelphia drops‚ so that the marginal product and average product of a group of 100 police officers is now 55 arrests per hour for any number of police officers. What is the optimal allocation of 500 police officers between the two areas now? 4
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without experience; you can’t get experience without a job. BACKGROUND: The cause of deadlocks: Each process needing what another process has. This results from sharing resources such as memory‚ devices‚ links. Under normal operation‚ a resource allocations proceed like this:: 1. 2. 3. Request a resource (suspend until available if necessary ). Use the resource. Release the resource. 7: Deadlocks 3 DEADLOCKS Bridge Crossing Example • • • • • Traffic only in one direction. Each section
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Bridgeton Assignment 1. The overhead allocation rate used in the 1987 model year strategy study at the Automotive Component & Fabrication Plant (ACF) was 435% of direct labor dollar cost. Calculate the overhead allocation rate using the 1987 model year budget. Why do you get different numbers? 2. Calculate the overhead allocation rate for each of the model years 1988 through 1990. Are the changes since 1987 in overhead allocation rates significant? Why have these changes occurred? 3
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