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Use appropriate model(s) to analyze the impact of COVID-19 pandemic on a country's economy in the short-run and long-run. Graphical analyses is also required
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- At the ABC factory, the standard time of the work was determined by conducting a time study. Can these standard durations be used in the simulation model of the production system? Explain in detail how to use it if it can be used.Assume top executives at Zara and Boohoo are using a digital dashboard to monitor their global trade and development issues during the current pandemic. This dashboard is a common feature of modern-day executive support systems (ESS). The critical feature of ESS is ease of use and simplicity of display since executives using an ESS want quick access to the most critical data affecting their organization. What types of decisions at both companies are facilitated by the digital dashboard, especially considering its form and manner of data visualization? Explain and give an example of a possible decision specifically for the fast fashion industry.FCR and Average daily gain are measured in a continuous scale. true or false
- The city of cebu has recorded one of the highest cases of the Covid 19 virus. This has greatly affected the image of cebu as a major tourist destination in the country. Develop a 3 point post Covid 19 tourism recovery plan for Cebu City.Adidas produces shoes for sale at Macys, JC Penny and Footlocker. The company makes a few different design of shoes from high-end to low end. The manager, Eric, is interested in using a Level Aggregate Plan for production. Inventories and back orders will be used to handle demand fluctuation. As an Operations Manager, you have been asked to develop an Aggregate Plan. Use the data provided below to answer this questions. Cost Data Regular-time labor cost (hrs) 11 Overtime labor cost (hrs) 18 Subcontracting cost per unit (labor only) 84 Holding cost per unit per period 12 Back-order cost per unit per employee 21 Hiring cost per employees 600 Firing cost per employees 450 Capacity Data Beginning workforce (employees) 215 Beginning inventory in units 2000 Labor standard per units in hrs 6 Regular time available per period (hrs) 160 Overtime available per period (hrs) 32 Subcontracting maximum per period in…Every year in September, the NFL (National Football League) announces official prices of their next Super bowl tickets. The official ticket prices for 2022 Super bowl ticket in the NFL official websites started from $6,800 per person and it was up to over $81,800 per person depending on the location of the seats from the field. However, about three fourth of all tickets were already distributed to the NFL teams. The other one fourth are distributed to the media, NFL partners and sponsors. As a result, a small fraction of a total of about 70,000 tickets were sold in the secondary market. Those tickets were available to buy and sell in the official NFL online sites and other ticket brokers. Given the limited supply of tickets available to the NFL fans to purchase, the actual prices are dominated by the wide fluctuation of demand caused by many factors such as the venue of the game, the winning teams for the championship match, the packages of tickets offered by the brokers, and the…
- Alternative Measures of Productivity A common measure of productivity, as explained in thischapter and as used by many business and trade organizations, including the U.S. Bureau of LaborStatistics, is the ratio of output to input, where input is typically measured in units of materials, laborhours, or related measures. An alternative is to use the ratio of capacity available to capacity utilized. For example, the amount of capacity in the U.S. manufacturing industries has almost doubledover the past two decades. However, the rate of capacity utilization (output/capacity available) hasfallen slightly over this period of time, with a steep drop in 2009 followed by slow increases in 2010and 2011. Some would say that this measure gives a better picture of productivity than the one wehave used in the chapter.Required Compare the measure of productivity based on capacity utilization with the measure used inthe chapter. Which measure do you think is most useful for assessing the state of the…solve with table methodPlanning for a major redesign, Itumeleng collected data at her store on several consecutive Saturday mornings. She noticed that customers arrived at the checkout at a rate of approximately 100 per hour. Fully 20 percent of the customers had 10 items or less. Those people took about 2 minutes to serve on average, while customers with more than 10 items took about 4 minutes to process. Itumeleng expects service time to improve when universal price code readers are installed in the new design. Help Itumeleng with her design for the system,
- please type the answer by computer if you can, so i can see it clearly, thank you!!! Consider the following version of the Solow model:The type of economic indicator that can best be used for business forecasting is the:Explain when fixed effects, random effects or pooled OLS models are usually used.