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- The Tinkan Company produces one-pound cans for the Canadian salmon industry. Each year the salmon spawn during a 24-hour period and must be canned immediately. Tinkan has the following agreement with the salmon industry. The company can deliver as many cans as it chooses. Then the salmon are caught. For each can by which Tinkan falls short of the salmon industrys needs, the company pays the industry a 2 penalty. Cans cost Tinkan 1 to produce and are sold by Tinkan for 2 per can. If any cans are left over, they are returned to Tinkan and the company reimburses the industry 2 for each extra can. These extra cans are put in storage for next year. Each year a can is held in storage, a carrying cost equal to 20% of the cans production cost is incurred. It is well known that the number of salmon harvested during a year is strongly related to the number of salmon harvested the previous year. In fact, using past data, Tinkan estimates that the harvest size in year t, Ht (measured in the number of cans required), is related to the harvest size in the previous year, Ht1, by the equation Ht = Ht1et where et is normally distributed with mean 1.02 and standard deviation 0.10. Tinkan plans to use the following production strategy. For some value of x, it produces enough cans at the beginning of year t to bring its inventory up to x+Ht, where Ht is the predicted harvest size in year t. Then it delivers these cans to the salmon industry. For example, if it uses x = 100,000, the predicted harvest size is 500,000 cans, and 80,000 cans are already in inventory, then Tinkan produces and delivers 520,000 cans. Given that the harvest size for the previous year was 550,000 cans, use simulation to help Tinkan develop a production strategy that maximizes its expected profit over the next 20 years. Assume that the company begins year 1 with an initial inventory of 300,000 cans.ABCar Co is a new type of car company. They hire various subcontractors namely DesignCar Ltd., who designs the cars, ManuCar Inc., who manufactures the vehicles, and TestCar Co., who tests the cars before they are put into full production. Recently, ABCar Co has received many complaints about the failure of the braking system. There is a dispute between ABCar Co, DesignCar Ltd., ManuCar Inc., and TestCar Co. as to who is responsible for the problem and who must bear the cost to fix it. Referring to the dispute resolution mechanisms you explained in question 3 (a) (you don't need to reproduce the information), which dispute resolution mechanism would you select to resolve this dispute and why would you select it? Why would you reject the other ones?Mansfield Energy Corp has recently taken over a fuel supply plant that is in close proximity to one of its competitors. The collection point for both fuel companies is located at the same seaport. The general manager of Mansfield Energy Corp intends to hire a consultant to train Mansfield Energy Corp’s employees regarding the new procedures for affixing the fuel lines at the collection point to the high-capacity storage tanks and is debating whether the competitor should be invited to attend given that they use the same seaport. The general manager is mindful of the high cost of hiring the consultant and sourcing the equipment to train Mansfield Energy Corp’s employees and is therefore hesitant to invite his competitors. The manager is also aware that there have been no accidents at the port since operations started 10 years ago and might not invite the competitors to participate in the training. The General Manager decides, based on the high price for the consultant (facilitation fee,…
- Digital Controis, Inc. (DCI), manufactures two models of a radar gun used by police to monitor the speed of automobiles. Model A has an accuracy of plus or minus 1 mile per hour, whereas the smaller model B has an accuracy of plus or minus 3 miles per hour. For the next week, the company has orders for 100 units of model A and 150 units of model B. Although DCI purchases all the electronic components used in both models, the plastic cases for both models are manufactured at a DCI plant in Newark, New Jersey. Each model A case requires 4 minutes of injection-molding time and 6 minutes of assembly time. Each model B case requires 3 minutes of injection-molding time and 8 minutes of assembly time. For next week, the Newark plant has 600 minutes of injection-molding time avallable and 1,080 minutes of assembly time availab The manufacturing cost is $10 per case for model A and $6 per case for model B. Depending upon demand and the time avalable at the Newark plant, DCI occasionally…Bob has worked for Company X for the past 12 years as a supervisor in the mailroom. He has 5 "communication distribution representatives (CDRs)" working for him. Bob is 58 years old and the CDRs are all in their 20's and 30's. He was recently notified that his department is being outsourced and his and the other mailroom positions will be eliminated by the end of the month. During this "notification period" impacted employees (including Bob) could apply for any internal positions open in the company. Company X had 2 customer service representatives (CDRs) open during the notification period. Although this would be considered a demotion, Bob decided to apply for the job in an effort to stay at the company. Out of the 5 CDRs, 3 decided to apply for the CSR positions as well. All internal candidates were interviewed and both positions were filled by the former CDR employees. Bob was very upset about this and demanded to know why he wasn't hired. The response provided to him by Matt Jones,…Bob has worked for Company X for the past 12 years as a supervisor in the mailroom. He has 5 "communication distribution representatives (CDRs)" working for him. Bob is 58 years old and the CDRs are all in their 20's and 30's. He was recently notified that his department is being outsourced and his and the other mailroom positions will be eliminated by the end of the month. During this "notification period" impacted employees (including Bob) could apply for any internal positions open in the company. Company X had 2 customer service representatives (CDRs) open during the notification period. Although this would be considered a demotion, Bob decided to apply for the job in an effort to stay at the company. Out of the 5 CDRs, 3 decided to apply for the CSR positions as well. All internal candidates were interviewed and both positions were filled by the former CDR employees. Bob was very upset about this and demanded to know why he wasn't hired. The response provided to him by Matt Jones,…
- As part of a quality improvement initiative, Consolidated Electronics employees complete a three-day training program on teaming and a two-day training program on problem-solving. The manager of quality improvement has requested that at least 8 training programs on teaming and at least 10 training programs on problem-solving be offered during the next six months. In addition, senior-level management has specified that at least 25 training programs must be offered during this period. Consolidated Electronics uses a consultant to teach the training programs. During the next quarter, the consultant has 84 days of training time available. Each training program on teaming costs $10,000 and each training program on problem-solving costs $8,000. a. Formulate a linear programming model that can be used to determine the number of training programs on teaming and the number of training programs on problem-solving that should be offered in order to minimize total cost.b. Graph the feasible…Easy Moving, a moving company, is seeking outside advice from a consultant (you) about the appropriate selection measures to use to analyze job candidates. The position that the company most often hires for is a Driver/Mover. Individuals in this job must be able to drive long hours, and lift and carry heavy objects for long periods of time. When people are moving from one home to another they contact Easy Moving to take care of relocating all of their belongings. The people responsible for the move are the Drivers/Movers. Because driving a truck is an essential function of the job, individuals must not only be physically capable of driving, but also must have an impeccable driving record. Driving a truck can be considered a safety hazard if the individuals were not in the right frame of mind to be a good driver. Easy Moving should keep these things in mind when analyzing applicants. Additionally, individuals applying for a Driver/Mover position with Easy Moving must have the physical…You work as the administrative manager in charge of the operations of the medical services office that brings together over 10 specialists from different health fields. Each specialist has about 5 administrative employees who help with coding, billing, customer service, and other administrative tasks. You supervise all administrative employees. For two months you have noticed that a series of conflicts have arisen between the employees you supervise, which you must address promptly to avoid escalation. These are the conflicts that have been identified: A new position has been opened to supervise night operations and two of the employees have requested it. However, both have resorted to demonstrating that the other does not have the capabilities to rise to the position. These interpersonal differences have resulted in a tense work environment.It has been rumored that one of the medical specialists is going to retire, so it is possible that he will put the five administrative employees…
- What does the phrase "disjointness constraint" mean?4 To meet the prelicensing education requirement, an Individual must successfully complete: A) 10 hours of education, Including include 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training relate standards for the nontraditional mortgage product marketplace B) 15 hours of education, including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training related to the nontraditional mortgage product marketplace. C) 20 hours of education, Including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training the nontraditional mortgage product marketplace. D) 25 hours of education, Including 3 hours of federal law and regulations training, 3 hours of ethics training, and 2 hours of training related to lend the nontraditional mortgage product marketplace.You have recently taken on the role of team leader at a small removals company. The company carries out both local and nationwide work, for private and commercial clients. They operate from two sites - a small warehouse and compound (where the 7 removal vehicles of varying size are kept) and a smaller office site (with 3 office workers) that is 2-miles away from the warehouse. You carry out the role of health and safety advisor for both sites. In addition to this, you are responsible for the day-to-day management of your team. The team consists of 7 drivers and 8 porters (who assist the drivers to move items of furniture). You deliver a short induction training session to new workers, that involves a tour of both sites, health and safety information (including first-aid and emergency arrangements) and information on relevant policies and procedures. You, and one other person, are the only trained first-aiders. You carry out the role of first-aider for the warehouse site and…