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(Solved) : Based Sampling Done Control Limits 3 Sigma X Overbar X Chart Round Intermediate Calculati Q45516771 . . .

Refer to Table 56.1 - Factors for Computing Control Chart Limits (3 sigma) for this problem. Sampling 4 pieces of precision-c

a. Based on thesampling​ done, the control limits for ​3-sigma x overbarx chart are ​(round all intermediate calculations tothree decimal places before proceeding with further​calculations)​:

Upper Control Limit​(UCL Subscript x overbar UCLx​) ​=

Lower Control Limit​(LCL Subscript x overbar LCLx​) ​=

Based on the x overbarx​-chart, the wire cutting process has been (Incontrol/out of control)

b. The control limitsfor the ​3-sigma​ R-chart are ​(round all intermediatecalculations to three decimal places before proceeding with further​calculations)​:

Upper Control Limit ​(UCL Subscript Upper R UCLR​) ​=

Lower Control Limit ​(LCL Subscript Upper R LCLR​) ​=

Based on the​ R-chart,the wire cutting process has been (IN CONTROL/ Out of control)

Refer to Table 56.1 – Factors for Computing Control Chart Limits (3 sigma) for this problem. Sampling 4 pieces of precision-cut wire (to be used in computer assembly) every hour for the past 24 hours has produced the following results: Hour R 0.71″ 1.18 Hour 19 3.25″ 3.10 3.22 Hour 7 8 9 10 11 12 1.43 3.05″ 2.65 3.02 2.85 2.83 2.97 R 0.53″ 1.13 0.71 1.33 1.17 0.40 Hour 13 14 15 16 17 18 3.11″ 2.83 3.12 2.84 2.86 2.74 R 0.85″ 1.31 1.06 0.50 1.43 1.29 R. 1.61″ 1.09 1.08 0.46 3.41″ 2.89 2.65 3.28 2.94 2.64 21 3.39 3.07 2.86 1.26 1.17 0.32 1.58 6 24 0.97

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(Solved) : Believe Organizations Invest Training Career Development Programs Employees Organization Q45196689 . . .

A. Why do you believe organizations invest in training andcareer development programs for employees? How does theorganization benefit? How can training and development support anorganization’s strategic goals? Why should HRMs focus on the careerdevelopment of employees? Use the articles and resources providedto support your ideas.

B. . Why is it important for HRMs to investigate performanceissues to identify the root cause? How would you handle an employeeconduct violation, such as harassment or theft? How would youcounsel an employee who lacked the skills and knowledge to performhis/her job responsibilities? What type of performance issues(s)could benefit from a performance improvement plan?

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(Solved) : Calculate Forecasts Remaining Five Months Using Simple Exponential Smoothing 04 Round Ans Q45823190 . . .

a. Calculate forecasts for the remaining fivemonths using simple exponential smoothing with α = 0.4.(Round your answers to the nearest wholenumber.)

b. Calculate the MAD for all the forecasts,including January’s. (Round your answer to 1 decimalplace.)

The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL 108 FORECAST 98

The following tabulations are actual sales of units for six months and a starting forecast in January. ACTUAL 108 FORECAST 98 92 January February March April May June 113 89 68 92 a. Calculate forecasts for the remaining five months using simple exponential smoothing with a = 0.4. (Round your answers to the nearest whole number.) Forecasts February March April May June b. Calculate the MAD for all the forecasts, including January’s. (Round your answer to 1 decimal place.) MAD

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(Solved) : Canadian Parks Commission Controls 300 Acre Tract Land Acre Tract Used Spruce Trees Hunti Q45339385 . . .

a. The Canadian Parks Commission controls a 300 acre tract of land. Each acre of the tract can be used for spruce trees, hunta. The Canadian Parks Commission controls a 300 acre tract of land. Each acre of the tract can be used for spruce trees, hunting, or both. An acre of spruce trees requires $30 of capital and 1 hour of labor to make $20 profit each month. An acre of hunting ground requires $30 of capital and 2 hours of labor to make $40 profit each month. An acre used for both requires $40 of capital and 2 hours of labor to make $50 profit each month. If the Commission has $10,000 of capital and 500 hours of labor available each month, how should the land be allocated to the various uses to maximize (10)

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(Solved) : Calculate Mad Scenario Forecasts Periods 1 10 Order 1766 1742 1761 1787 1604 1654 1777 19 Q45134600 . . .

Could someone help with this?

a. Calculate the MAD for this scenario if the forecasts for periods 1-10 are in order, 176.6, 174.2, 176.1, 178.7, 160.4, 165

a. Calculate the MAD for this scenario if the forecasts for periods 1-10 are in order, 176.6, 174.2, 176.1, 178.7, 160.4, 165.4, 177.7, 191.1, 191.0, and 175.2. b. Calculate the MSE for this scenario if the forecasts for periods 1-10 are in order, 176.6, 174.2, 176.1, 178.7, 160.4, 165.4, 177.7, 191.1, 191.0, and 175.2. c. What is the mean absolute percentage error if the forecasts for periods 1-10 are in order, 176.6, 174.2, 176.1, 178.7, 160.4, 165.4, 177.7, 191.1, 191.0, and 175.2? Period 2 TOU 3 4 5 6 Demand 173 177 180 151 168 184 198 191 167 177 9 10

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(Solved) : Canvas Osa Master Production Schedule Mps Translates Sales Operationsplan Sop Specific Pr Q45749558 . . .

. Canvas ©OSA The master production schedule (MPS) translates the sales & operationsplan (SOP) into: Specific production orde. Canvas ©OSA The master production schedule (MPS) translates the sales & operationsplan (SOP) into: Specific production orders Forecast demand Specific production plan Efficient lot sizes Question 25 A precedent relationship shows… The number of components required to produce an item The order in which production steps must be accomplished Only the first step of the production process Only the final step of the production process Question 26 In a material requirements planning (MRP) system, gross requirements are time phased, which means which of Requirements from all periods are aggregated Requirements from all periods are averaged Requirements from all periods are stated on a period-by period basis Requirements do not consider seasonality or lead time issues

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(Solved) : Case 12 2 Barclays Bonus Bank Robbing Peter Pay Paul Barclays London Based Multinational Q45926676 . . .

... CASE 12-2 BARCLAYS BONUS BANK ROBBING PETER TO PAY PAUL Barclays is a London-based multinational banking company that 10.… CASE 12-2 BARCLAYS BONUS BANK ROBBING PETER TO PAY PAUL Barclays is a London-based multinational banking company that 10.000 employees were going to be laid off to fund the bonus employs 140,000 employees. The company’s revenue dras- pool. The British Government was quite concerned about such tically decreased in 2012 ($53 billion), with a year-end deficit of massive lavoffs and suggested that the situation could be better $1.7 million. Later in 2012, Anthony Jenkins was appointed the managed by deferring the bonuses. Jenkins rejected the proposed new CEO in order to turn things around so as to regain the trust deferral plan, since employees would not receive their bonus for of investors and thereby increase the profitability of the firm. In another 10 years, a ludicrous amount of time to ask employees 2013, Barclays did achieve a positive net income of $890 million to wait. Timely bonuses and incentives were essential to moti with sales growth of more than 996. vet stockholders demanded far vate cross-selling products for Barclays, and as long as Barclays greater results.(1) Why did the bank experience so huge a down properly motivated its sales force, the firm would generate higher turn, and what did Jenkins do to try to turn the bank around quickly? profits-profits it could later use to rehire some of its former One way a bank can boost profits is by selling more financial prod- employees (6) ucts and services, including new bank accounts, credit cards, Time will tell whether Jenkins’s decision to fund the bonus pool life insurance, financial advising services, or mortgages, to exist rather than keep 10,000 employees was the right one.(7) Jenkins, ing customers-in other words, cross-selling. In order to cross in light of all of the firings, declined his own bonus from the board of sell these products and services, banks require employees with directors in 2013. just as he did in 2012. Some might argue it was skills in promotion and direct marketing, Banks, not unlike other a noble gesture to refuse a bonus of $4.4 million, although it would firms, use individual performance-based bonuses and commis not have had a noticeable impact on Barclays’s bottom line. sions to reinforce customer cross-selling. This type of incentive pay increases employee motivation and positively impacts sales Questions performance (2) 1. The British government took the position that saving 10,000 Historically, Barclays was productive in cross-selling its products jobs and deferring employee incentive pay was more import to its customers until the firm initiated employee pay cuts in 2012 in ant than immediate extrinsic reinforcement of sales force order to generate more short-term profit. In return, Barclays started performance. How do the notions of entitlement and social losing its most valuable employees, even at senior level positions. loafing possibly explain the government’s position? Newly appointed CEO Jenkins decided to increase sales force 2. Individual performance-based bonuses and commissions salaries in 2013, but the plan failed to increase profits to desired are one form of incentive pay. Might group and/or organiza levels. These actions came on the heels of government investiga- tional incentive pay systems have achieved similar results for tions of the bank’s possible manipulation of interest and foreign Barclays? exchange rates.(3) 3. What other forms of individual incentive pay might Barclays Watching the most skilled employees leave was no longer accept- have utilized? Which one of these plans might have saved able to Jenkins. In response to low profits and returns, Jenkins felt the jobs lost to fund the bonus bank? the need to take more radical actions in the first quarter of 2014 while bearing in mind the long-term interests of the shareholders. In 4. Develop a preliminary individual performance-based incen order to increase performance and keep the best employees, com- tive plan that you think best suits cross-selling. Why? pensation had increased to more competitive levels. In early 2014, 5. Given your answer to question 4, develop a preliminary the median amount of granted incentives was around $30,000 for appraisal system for product cross-selling. How might this its 130,000 employees, (4) funded by a 10% increase in the bonus system be different if the incentive plan included group and bank. The pool of funds reached $4 billion by the end of 2014.(5) organizational incentives? These increased incentives did not come without a price tag. In 6. Although Jenkins refused his bonuses in 2012 and 2013, order to generate sustainable returns to shareholders and satisfy as the CEO, he would have a comprehensive compensation the board of directors, Jenkins decided he had to lay off employees- package. What other incentives might Jenkins be entitled to Párhaps the hardest decision he ever had to make. More than beyond his annual bonus?

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