Category: Essays

Operations Management

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Play now? Play later?

You can become a millionaire! That’s what the junk mail said. But then there was the fine print:

If you act before midnight tonight, then here are you chances: 0.1% that you receive $1,000,000;

75% that you get nothing, otherwise you must PAY $5000.

But wait, there’s more! If you don’t win the million AND you don’t have to pay on your first attempt then

you can choose to play one more time.

If you do, then we 20X your probability of winning big – yes, you will hava a 2% chance of

receiving $100,000 and 60% chance of winning $7500, but must pay $10,000 otherwise.

What is your expected outcome for attempting this venture? Solve this problem using

a decision tree and clearly show all calculations and the expected value at each node.

Answer these questions:

1) should you play at all? (5%) And if so, what is my expected (net) monitary value? (10%)

2) If you play and don’t win at all on the first try (but don’t lose money), should you try again? (5%) Why? (5%)

3) clearly show the decision tree (40%) and expected net monitary value at each node

The Final Project is due this week with your Module 8 Homework Assignment. Please upload a second document entitled “Final Project” with your Module 8 Homework Assignment.

Choose one of the following artworks or artists for your Final Report. Your report must completely answer the four questions posed to guide your research. Write in complete sentences and utilize APA guidelines. You will need to use the LIRN library and the Internet to find enough information and, therefore, you will need to cite your sources on a final page labeled “References.”

1. Describe the work or artist (100 words or more).

– state the correct name

– state the artist(s) if known

– give the actual dimensions of the work (feet and inches)

– note the principle features of the work

2. Compare (50 words or more).

– explain how this artwork (or artist) is similar to others of the same time

– is it part of a trend?

3. Contrast (50 words or more).

– explain how this artwork (or artist) is different from all others of the same time

– is it/he part of a revolution

4. Evaluate (100 words or more).

– explain why this artwork (or artist) is significant or important to his or her age

– why did he become popular during his time

– what did he contribute to the future of art

5. References

– list your sources of information so that the instructor can locate them later and check your wor

The Final Project is due this week with your Module 8 Homework Assignment. Please upload a second document entitled “Final Project” with your Module 8 Homework Assignment.

Choose one of the following artworks or artists for your Final Report. Your report must completely answer the four questions posed to guide your research. Write in complete sentences and utilize APA guidelines. You will need to use the LIRN library and the Internet to find enough information and, therefore, you will need to cite your sources on a final page labeled “References.”

1. Describe the work or artist (100 words or more).

– state the correct name

– state the artist(s) if known

– give the actual dimensions of the work (feet and inches)

– note the principle features of the work

2. Compare (50 words or more).

– explain how this artwork (or artist) is similar to others of the same time

– is it part of a trend?

3. Contrast (50 words or more).

– explain how this artwork (or artist) is different from all others of the same time

– is it/he part of a revolution

4. Evaluate (100 words or more).

– explain why this artwork (or artist) is significant or important to his or her age

– why did he become popular during his time

– what did he contribute to the future of art

5. References

– list your sources of information so that the instructor can locate them later and check your work

Discuss Manet’s relationship with historical painting. What examples did he follow, and in what ways did he radically break from those examples?

2. Using Mont Saint-Victoire as an example, explain how Paul Cézanne changes Impressionism and sets the stage for twentieth-century art.

3. Compare and contrast the goals of two art movements of the 20th Century. Focus your analysis on how they rebel against. Use examples of artists and their artworks to illustrate your points.

4. Describe the development and influence of cubism on twentieth century art. Include a comment regarding the working relationship of Picasso and Braque

Resources: Virtual Organization, Riordan Manufacturing, available through the Virtual Organizations Portal in the eCampus Library (select Riordan Manufacturing from the Business drop-down menu); the course textbook, Concepts in Strategic Management and Business Policy: Achieving Sustainability; and your W4 Learning Team Competitive Advantages Paper.

Scenario: The board of directors for Riordan Manufacturing has asked your consulting team (i.e., your Learning Team) to create a strategic plan for the organization.

Write a 2,500- to 3,500-word strategic plan paper as a collaborative project, that includs the following, that includes the following:

A relevant overview of Riordan Manufacturing.
A brief summary of the strategic management process (i.e., environmental scanning, strategy formulation, strategy implementation, and evaluation and control).
An actionable strategic plan, specifically designed for Riordan Manufacturing, that answers to the following questions:

Why does Riordan Manufacturing need a strategic plan?
What role should ethical and social responsibility considerations have in Riordan Manufacturing’s strategic management process?
What competitive advantages does Riordan Manufacturing currently have?
What proposed competitive strategies should Riordan Manufacturing utilize to improve innovation and sustainability in both domestic and international operations?
What measurement guidelines should Riordan Manufacturing use to verify ongoing strategic effectiveness?
What internal dynamics, along with cultural and structural leadership considerations, should Riordan Manufacturing use when implementing the proposed competitive strategies?
How will the proposed competitive strategies influence long-term business continuity at Riordan Manufacturing?
What assessment and feedback controls should be used to determine if Riordan Manufacturing is achieving the strategic plan’s anticipated outcomes?
If the proposed competitive strategies for Riordan Manufacturing do not achieve the anticipated outcomes, at what point should senior management consider altering this strategic plan, and how?

Explain and justify all of the decisions and recommendation presented in your strategic plan using data collected from Riordan Manufacturing’s Virtual Organization website, and research and understanding learned from this course’s reading materials.

Format your paper according to 400-level APA standards (see Writing & Style Guidelines in the eCampus Center for Writing Excellence for assistance). An abstract is not required, but the paper must include a Conclusion heading. The word count does not include the title and reference pages.

Operations Management

[Pin It]

Play now? Play later?

You can become a millionaire! That’s what the junk mail said. But then there was the fine print:

If you act before midnight tonight, then here are you chances: 0.1% that you receive $1,000,000;

75% that you get nothing, otherwise you must PAY $5000.

But wait, there’s more! If you don’t win the million AND you don’t have to pay on your first attempt then

you can choose to play one more time.

If you do, then we 20X your probability of winning big – yes, you will hava a 2% chance of

receiving $100,000 and 60% chance of winning $7500, but must pay $10,000 otherwise.

What is your expected outcome for attempting this venture? Solve this problem using

a decision tree and clearly show all calculations and the expected value at each node.

Answer these questions:

1) should you play at all? (5%) And if so, what is my expected (net) monitary value? (10%)

2) If you play and don’t win at all on the first try (but don’t lose money), should you try again? (5%) Why? (5%)

3) clearly show the decision tree (40%) and expected net monitary value at each node (25%

Please answer the following questions giving all details:

1. The Coat Counter Inc. makes coats and slacks. The two resources required are wool cloth and labor. The company has 200 square yards of wool and 300 hours of labor available. Each coat requires 5 square yards of wool and 10 hours of labor, whereas each pair of slacks requires 6 square yards of wool and 4 hours of labor. The profit for a coat is $15, and the profit for a pair of slacks is $10. The company wants to determine the number of coats and pairs of slacks to make so that profit will be maximized.

a. Formulate a linear programming model for this problem.

b. Solve this model by hand using the Corner Points graphical method.

2. Solve the following linear programming model graphically.In addition, write the problem in standard form and do a constraint analysis for the optimal solution.

Maximize 14x + 20y

Subject to

x + 2y < 20

x + y < 15 x > 8

x, y ≥ 0

3. Copperfield Mining Company owns two mines, each of which produces three grades of ore— high, medium, and low. The company has a contract to supply a smelting company with at least 150 tons of high-grade ore, 120 tons of medium-grade ore, and 150 tons of low-grade ore. Each mine produces a certain amount of each type of ore during each hour that it operates. Mine 1 produces 6.5 tons of high-grade ore, 3.2 tons of medium-grade ore, and 4.8 tons of low grade ore per hour. Mine 2 produces 3.2, 4.0, and 9.8 tons, respectively, of high-, medium-, and low-grade ore per hour. It costs Copperfield $400 per hour to operate mine 1, and it costs $280 per hour to operate mine 2. The company wants to determine the number of hours it needs to operate each mine so that its contractualobligations can be met at the lowest cost.

Formulate a linear programming model for this problem.

Note: Do NOT solve the model after formulating.

4. Determine whether the following linear programming problem is infeasible, unbounded, or has multiple optimal solutions. Draw a graph and explain your conclusion

Dispositional, Biological and Evolutionary Theory Newspaper Article

Write a 1,000- to 1,250-word informational article for a newspaper in which you do the following:

Describe the differences between dispositional and evolutionary or biological personality theories.
Discuss the strengths and limitations of dispositional and evolutionary or biological personality theories as they apply to behavior.
Discuss the Big Five personality test and how it is used to study personality

This is a part 1 & 2 to this assignment. Please read over carefully before extending handshake.

Part 1.

Deliverable Length: 1-2 Body Pages

A project has an expected duration of 34 weeks with a critical path variance of 6. Suppose the project network is given and the critical path is identified on the network. Suppose the normal time, crash time, and the associated cost for each activity is given. You have been asked by your supervisor to prepare a research paper that addresses the follow criteria:

What is the probability that the project will be completed in 32 weeks or less?
If the project is to be shortened by four days, list the process you would take to determine which activities, in order of reduction, would be shortened and the resulting cost.
Describe project cost and the requirements for its determination and application in a production facility.
Analyze implications of changes in the parameters of project timing and cost determination.
Evaluate application of project cost and timing concepts on a firm’s business operations.

Present your findings as a 1-2 page Word document formatted in APA style.

Submitting your assignment in APA format means, at a minimum, you will need the following:

Title page: Remember the running head and title in all capital letters.
Abstract: This is a summary of your paper, not an introduction. Begin writing in third-person voice.
Body: The body of your paper begins on the page following the title page and abstract page, and it must be double-spaced between paragraphs. The typeface should be 12-pt. Times Roman or 12-pt. Courier in regular black type. Do not use color, bold type, or italics except as required for APA level headings and references. The deliverable length of the body of your paper for this assignment is 3–4 pages. In-text academic citations to support your decisions and analysis are required. A variety of academic sources is encouraged.
Reference page: References that align with your in-text academic sources are listed on the final page of your paper. The references must be in APA format using appropriate spacing, hang indention, italics, and upper- and lower-case usage as appropriate for the type of resource used. Remember, the reference page is not a bibliography, but it is a further listing of the abbreviated in-text citations used in the paper. Every referenced item must have a corresponding in-text citation

Bus Radio Theft Investigation Case

 

Follow the Link: http://interactive.apollo.edu/sec/sec430/index.html

Complete the Bus Radio Theft Investigation Simulation located in the Week One Assessment section of the student website.

Write a 1,050- to 1,400-word paper, in which you answer the following questions from the point of view of the investigator:

What documents, interviews, direct observations, and additional tactics would you use to conduct the investigation?
What technological tools might be helpful to conduct the investigation?
Where might you find information?
What questions would you ask and of whom?
What type of documentation would you create for the file?

Format your paper consistent with APA guidelines