week 1 discussions;Your organization is going to respond to a request-for-proposals (RFP) to provide a high security courier service to a law firm with four offices located in Tampa, Jacksonville, Orlando, and West Palm Beach. Explain how you could use breakeven analysis to determine your bid amount on the proposal.;Use the Profit Model to demonstrate your response. Ensure you include a well considered discussion of the revenue and expenses. In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;week 2;Decision trees are used to graphically depict a decision making situation. Propose a business decision in which you intend to use Expected Monetary Value (EMV) as your decision making technique. Describe how you would determine the best decision using the EMV criterion with a decision tree.(If you have no experience with this type thing, then try to imagine a situation in which EMV and Decision Trees could be used and propose an example);In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;week 3;Most businesses use some form of linear regression in forecasting future conditions. Give an example of the use of regression analysis at your organization. What were the independent and dependent variables? How accurate were the estimates obtained from regression analysis? Do you feel that this is a valid method of estimating future conditions?;In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;week 4;Western Ranchman Outfitters;Western Ranchman outfitters (WRO), a family-owned and operated mail order and retail store business in Cheyenne, Wyoming, bills itself as "The Nation's Finest Western Store" and carries high-quality western apparel and riding supplies. Its catalog is mailed all over the world, the store and its president, John Veta, have appeared in a short article in Fortune magazine, and clothes from WRO were featured in the August 1980 Mademoiselle. One of WRO's staple items is the button front, shrink-to-fit blue jean made by Levi Strauss (model no. 501). This is the original riveted denim pant that cowboys shrunk by sitting in a tub of hot water. It is the epitome of durability and fit and is still a popular jean. When Mr. Veta was asked his stockout philosophy for this item, he answered, "Would you expect a drugstore to have aspirin?" Further, Mr. Veta has had a pleasant relationship with Levi Strauss for all the years of his business career.;Don Randell, director of merchandising, takes a physical inventory of this item once a month. His records show annual usage, amount on hand, quantity ordered, and quantity received (which has been averaging 185 pairs per month, except in January-March when it averages 150 pairs per month), all dated by the month. The store attempts to keep a safety stock adequate for 60 days for two reasons: production problems of the supplier and a hedge against unusually large orders.;Mr. Randell described the problems of ordering. "The rag business," as it is known, "is made up of the most disorganized group of people I've ever had the opportunity to be associated with," according to Randell. The problems he cited include not specifying a delivery date, unexplained late deliveries, a general lack of productivity, and lead times of up to six months.;Randell contrasted this situation with his experience in the flexible packaging industry, where reliability was a hallmark, and a delay of a single day warranted notification to the customer.;The most recent eight-month period is used to illustrate WRO's ordering difficulties. While the sample figures in Table 1 may seem peculiar, they reflect WRO's philosophy of offering a full range of sizes and Mr. Randell's attempts to predict Levi Strauss' delivery pattern so that the store is close to obtaining the stock it needs. For example, in the last eight months, no one bought a pair sized 27 ? 36. Nevertheless, six were ordered and received so that should such a customer appear, WRO would be able to satisfy his needs. For size 27 X 34, 33 were ordered, but only 21 were received, which is very close to the 18 sold in the eight months of the previous year. The 27-inch and 28-inch waist sizes shown in the exhibit are but two of the many available waist sizes, of course-waist sizes up to 60 inches are produced and sold.;Randell places an order for Levi blue jeans every month, doing his best to ensure an adequate supply for the business. Normally, WRO customers are not disappointed when requesting the Levi 501. However, in the past two months, the Wyoming Game and Fish Department has been requiring extra pairs of this jean, and WRO has not always had this exact jean in stock. Since there are at least four styles that satisfy the state requirements, the problem is usually overcome with other styles or brands.;Annual demand at WRO for the Levi 501 is 2,000 pair. The cost of placing an order is about $10, the carrying cost is 12 percent, and the cost of the Levi to WRO is $10.05 per pair.;table6.4.jpg;Evaluate Randell's ordering policy. How does it compare with formal mathematical approaches?;In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;week 5;Haygood Brothers Construction Company;George and Harry Haygood are building contractors who specialize in the construction of private home dwellings, storage warehouses, and small businesses (less than 20,000 sq. ft. of floor space). Both George and Harry entered a carpenter union?s apprenticeship program in the early 1990s and, upon completion of the apprenticeship, became skilled craftsmen in 1996. Before going into business for themselves, they worked for several local building contractors in the Detroit area.;Typically, the Haygood Brothers submit competitive bids for the construction of proposed dwellings. Whenever their bids are accepted, various aspects of the construction (electrical wiring, plumbing, brick laying, painting, and so forth) are subcontracted. George and Harry, however, perform all carpentry work. In addition, they plan and schedule all construction operations, frequently arrange interim financing, and supervise all construction activities.;The philosophy under which the Haygood Brothers have always operated can be simply stated: ?Time is money.? Delays in construction increase the costs of interim financing and postpone the initiation of their building projects. Consequently, they deal with all bottlenecks promptly and avoid all delays whenever possible. To minimize the time consumed in a construction project, the Haygood Brothers use PERT.;First, all construction activities and events are itemized and properly arranged (in parallel and sequential combinations) in a network. Then time estimates for each activity are made, the expected time for completing each activity is determined, and the critical (longest) path is calculated. Finally, earliest times, latest times, and slack values are computed. Having made these calculations, George and Harry can place their resources in the critical areas to minimize the time of completing the project.;The following are the activities that constitute an upcoming project (home dwelling) of the Haygood Brothers;Arrange financing (A);Let subcontracts (B);Set and pour foundations (C);Plumbing (D);Framing (E);Roofing (F);Electrical wiring (G).;Installation of windows and doors (H);Ductwork and insulation (including heating and cooling units) (I);Sheetrock, paneling, and paper hanging (J);Bricking (K);Installation of cabinets (L);Inside trim (including fixtures) (M);Outside trim (N);Painting (O);Flooring (P);The immediate predecessors and the optimistic (a), most likely (m), and pessimistic (b) time estimates, are shown in Table 1.;TABLE 1. Haygood Brothers Construction Co.;DAYS;ACTIVITY;Immediate;Predecessor;a;m;b;A;-;4;5;6;B;A;2;5;8;C;B;5;7;9;D;B;4;5;6;E;C;2;4;6;F;E;3;5;9;G;E;4;5;6;H;E;3;4;7;I;E;5;7;9;J;D, I;10;11;12;K;F, G, H, J;7;8;9;L;F, G, H, J;4;6;8;M;L;5;7;9;N;K;4;5;10;O;M;5;6;7;P;N, O;2;3;4;What is the time length of the critical path? What is the significance of the critical path?;Compute the amount of time that the completion of each activity can be delayed without affecting the overall project.;The project was begun August 1. What is the probability that the project can be completed by September 30? (Note: Scheduled completion time = 60 days.);In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;week 6;Respond to the following situation no later than Thursday, 11:59 PM EST/EDT;What are the components of the following systems? Explain the configuration of each.;? barbershop;? car wash;? Laundromat;? small grocery store;In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;week 7;he production manager of a large Cincinnati manufacturing firm once made the following statement: "I would like to use Linear Programming, but it's a technique that operates under conditions of certainty. My plant doesn't have that certainty, it's a world of uncertainty. So, Linear Programming cannot be used here." Do you think this statement has any merit? Explain why the manager may have said it.;In all discussion question responses ensure that you correctly reference sources you used in researching and analyzing your response. Use appropriate scholarly citation methods.;Respond to at least two of your classmates' responses no later than Sunday, 11:59 PM EST/EDT.
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