...Executive Summary Widget Production ISCOM/305 Systems Operations Management August 22, 2011 Mario Vaccari Executive Summary Widget Production Taylor Inc. is looking into improving the physical layout of the company in an effort to maximize productivity and reduced worker’s compensation claims. To do this management will need to analyze the current operations management process of the company and come up with two alternatives, which will help determine the best choice to maximize labor productivity for Taylor Inc. The cost-benefit matrix below will show which alternative management technique will maximize productivity with less worker’s compensation claims. Cost Benefit Matrix Current Alternative One Alternative Two Number of employees 17 6 9 Payroll costs per 8 hour day $5,848.00 $2,064.00 $3,096.00 Payroll costs per week $29,240.00 $10,320.00 $15,480.00 Payroll savings per week 0 $18,920.00 $13,760.00 Payroll costs per year (52 weeks) $1,520,480.00 $536,640.00 $804,960.00 Claims per year 4 0.3 1.9 Claims costs per year $436,000.00 $32,700.00 $207,100.00 Claims costs savings 0 $403,300.00 $228,900.00 Wages and claims per year $1,956,480.00 $569,340.00 $1,012,060.00 Wage and claims savings per year $0.00 $1,387,140.00 $944,420.00 Physical lifting in pounds 42 12 23 Capital expenditures $0.00 $1,300,000.00 $967,000.00 Cost difference in capital expenditures $1,300,000.00 0 $333,000.00 Outputs of finished widgets 208 392 288 Life in equipment 0 7 5 Wasted...
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...prince perished for a noble cause. But their death was not the end. It made them immortal. That is why the angel selected the dead swallow and the lifeless heart of the prince as the noblest things on earth. Haircut by Ring Lardner The narrator of the story is the town barber, who talks about a man by the name of Jim Kendall. Jim was a man who played cruel pranks on children and adults. Jim goes hunting with a 10-year old mentally handicapped child. When it is discovered that Jim was shot, many people in the town believed that it was an accident, although the author of the story indicates that the shooting was planned by the child, who had been tormented by Jim and wanted to get revenge on him. The Selfish Giant Summary The story is about a giant who after a seven year visit with his friend, returns to his garden and scares off the children who had adopted it as their own. Of course, all actions have consequences, the giant would soon learn. Because of the giant's selfishness, spring did not come to his garden, nor did autumn. Finally, the giant realizes that the children are...
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...Chapter 1 | Physical and Measurements | | SUMMARY | | * Physical quantity is a quantity that can be measured. * Table 1.1 shows two types of physical quantities:Table 1.1 : Two types of physical quantities Basic quantities | Derived quantities | - fundamental physical quantities- examples: length, mass, temperature and etc. | - combination of several basic quantities- examples: acceleration, force, volume and etc. | * Units are standardized quantities we use to compare our measurements against. * In physics, a standard system of units based on metric system is known as the Systẻme International d’Unitẻs or SI. * SI uses seven base units including meter (m), kilogram (kg), and second (s) for physical quantities length, mass and time, respectively. * Large values in SI unit are normally written in powers of ten. * Another way in writing units in powers of ten is by using prefixes. * Table 1.2 shows some of the powers of ten and the SI unit prefixes used for them.Table 1.2 : SI Prefixes Power of ten | Prefix | Symbols | 10-18 | Atto | a | 10-15 | Femto | f | 10-12 | Pico | p | 10-9 | Nano | n | 10-6 | Micro | µ | 10-3 | Mili | m | 10-2 | Centi | c | 103 | Kilo | k | 106 | Mega | M | 109 | Giga | G | 1012 | Tera | T | 1015 | Peta | P | 1018 | Exa | E | * Significant figures are number of meaningful digits in a numerical quantity. * A significant figure is one that is reliably known * Nonzero digits are always...
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...sorcery. This paper will debate the events leading up, the events that took place throughout the trials, and the people who suffered because of this. The Salem witch trials began in the spring of 1692. A group of youthful girls in Salem Village, Massachusetts claimed that the demon possessed them and “accused local women of the Devil’s magic” (Salem Witch Trials - Facts & Summary - HISTORY.com, 2011). The court announced Bridget Bishop of being a sorceress and sent her to the gallows on June tenth....
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...a book that relates to a medical ethics dilemma. * Option 3: Watch an episode of a medical television show that contains a medical ethics dilemma. Book Examples: Jodi Picoult’s Handle with Care, Change of Heart, and My Sister’s Keeper; The Adoration of Jenna Fox; http://www.librarything.com/subject/Medical+ethics%09Fiction http://www.allbookstores.com/Fiction_Themes/Medicine_and_Health/Medical_Ethics.html Movie Examples (many are also books): Outbreak, Steel Magnolias, Philadelphia, Patch Adams, The Rainmaker, Seven Pounds, One True Thing, Just Like Heaven, First Do No Harm, The Insider, Lorenzo’s Oil, The Island, Coma, The English Surgeon, Gattaca, John Q, My Sister’s Keeper, The Diving Bell and the Butterfly, The Sea Inside TV show Examples: Grey’s Anatomy, House, Private Practice, ER, Chicago Hope, Scrubs, Nurse Jackie, HawthoRNe, Law and Order Area of Evaluation | Full Points Description | Points Possible | Points Earned | Issue Summary/Description | Student clearly, accurately and completely describes- the medical ethics dilemma,- all stakeholders and how they relate to the dilemma,- both/all sides of the dilemma as it relates to the source. | 30 | | Critical Thinking | 1) Student clearly, accurately and completely describes the single best outcome considering all stakeholders involved in the dilemma using ethical theories (T), principles (P), and concepts (C). Student explains...
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...1. What are the major, quantifiable value and price elements associated with the Kunst 1600? Value Elements - The total cost involved in oil changing and messiness is reduced Price Element - Increased pump durability -- The Kunst 1600 lasts 2 to 3 times longer than the incumbents in most segments. This means that repair firms will have to buy more conventional pumps than Kunst 1600s. This impacts the price a repair firm has to pay for conventional pumps (i.e., 2 to 3 times greater) and not the number of jobs it can complete. 2. What additional value placeholders merit consideration in your value model? • Weight differential – The Kunst 1600 is lighter than pumps currently used in residential AC repairs and heavier than those used in home refrigerator and light commercial refrigerator repairs. These weight differences may impact technician preferences. • Durability of parts – As the Kunst 1600 is constructed of molded aluminum, its parts may be subject to less corrosion and thus last longer. • Brand equity – Currently, Kunst and Atler have little brand equity in the potential market segments. This may put them at a competitive disadvantage with long-established rivals. 3. Construct a customer value model for the Kunst 1600 in the residential AC, home refrigerator, and light commercial refrigerator repair market segments. Exhibits 1 and 2 contain the components needed to construct a customer value model for the Kunst 1600. Exhibit 1 contains the word equations...
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...The Global Capital Market Learning objectives • Articulate the benefits of the global capital market. • Understand why the global capital market has grown so rapidly over the last quarter century. • Be familiar with the risks associated with the globalization of capital markets. • Appreciate the risks and benefits associated with the Eurocurrency market, the global bond market, and the global equity markets. • Understand how foreign exchange risk impacts upon the cost of capital. This chapter discusses the form and function of the global capital market. The market is attractive because its size lowers the cost of capital for borrowers, and allows investors to diversify their portfolios, thereby reducing their risk. Advances in information technology, and the deregulation of financial services and the relaxation of regulations on cross-border capital flows have contributed to the growth of the global capital market. The chapter then goes on to explore the Eurocurrency market, the global bond market, and the international equities market. The opening case describes how ICBC, China’s largest bank, raised $21 billion in the international equities market. The closing case examines how China Mobile raised capital in international markets through a stock offering and a bond issue. OUTLINE OF CHAPTER 11: THE GLOBAL CAPITAL MARKET Opening Case: Industrial and Commercial Bank of China Introduction ...
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...Obesity in America Our nation’s obesity problem has become an extremely pronounced problem in our country. We were once known as a healthy country that knew the meaning of the word moderation, but that has quickly took a turn for the worst and is now almost obsolete. We always need to “supersize it” or get the biggest thing available on the menu. One of the largest contributors and causes to this ongoing epidemic is the fast food industry. With the low-cost easy to get foods many people would rather purchase that than making a quality meal at home. With these low cost fast food meals the quality directly suffers and you left with the sub par ingredients that you are putting into your body. These ingredients make your health suffer at incredible levels, which directly causes obesity. For example McDonald’s uses an ingredient (dimethylpolysiloxane) in the making of their Chicken McNuggets. This ingredient is the same one used in making silicone cosmetic products and also silly putty! (1) Americans are choosing to ingest these foods that puts their health at risk. As you know moderation is not something that Americans are necessarily good at. So when they go out to these fast food restaurants they usually order the largest meal they can, and even “supersize it” if the option is available. These fast food enterprises have realized that too and have started catering towards this “larger” demographic. In the past sixty years the soft drink portion has grown by more than six times...
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...Olajumoke Oke-Bell Fitness Walking Tuesday/Thursday 8:00am – 9:05 Three important factors that needs to be considered in order to incorporate exercise into our daily lives. a) First, lack of exercise is harmful to our health. Sadly, many Americans today are leading a sedentary lifestyle because of modern conveniences. This cause many overall health issues. The most serious crisis is the condition of being overweight or obese. According to the report by Lunau, Kate, “Don’t just sit there: It’s tied to obesity, diabetes, even cancer… and daily exercise won’t make up for it. In 2004, 66% of US adults were obese, 16% of American children were overweight, with another 34% at risk of becoming overweight. These statistics, as startling as they are, are expected to rise even more. In fact, US researchers predicted that 75% of Americans will be overweight by the year 2015. What’s more, a sedentary lifestyle, also linked to the development of many illnesses, such as cardiovascular (or heart) disease, strokes, certain forms of cancer, and high blood pressure. These serious health issues can be prevented by adding exercise to our daily lifestyle. b) Next, is the biggest misconception that exercise has to be a chore? People who shy away from exercising say it’s either too difficult or too time consuming. WRONG! Too often, people assume the only ways to exercise are to go to the gym or to go for a run, but in reality the best way to keep you and your family fit is to make exercise a...
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...1564 in Stratford-upon-Avon, England. Educated assumptions are all that scholars have in terms of sources relating to the early life of Shakespeare. However, information about his adulthood has been gathered and allows for people to get to know the poet a little more personally. Shakespeare married Anne Hathaway on November 28, 1582, in Worcester, in Canterbury Province. Shakespeare was only 18 when he and Anne got married. His young age did not stop him from becoming a father shortly after his marriage in 1583, when Anne became pregnant with twins. Hamnet and Judith were the names of their children, however, young Hamnet died of unknown causes at age 11. After the birth of Hamnet and Judith, there are seven years of Shakespeare’s life where no records exist. After these seven “lost years” of his life, in 1592, evidence shows that Shakespeare had earned a living as an actor and a...
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...Introduction Food Intake I was born to a father with the history of Diabetic mellitus and on my mother’s side; there is a history of High Blood Pressure. Although my father is not diabetic, my mother has been diagnosed with blood pressure. Blood pressure has been a steady disease in my household which has affected four out my five uncles. In 2010, after a seven year long battle with infertility, I was diagnosed with High Blood Pressure which I was given medication for and shortly thereafter, I had a son after my aggressive treatment. Ever since, I have always link most diseases with food intake and I strongly believe that my nutrition and my health work hand in hand. According to Grodner, Roth &Walkingshaw (2012), “The presence in the American diet of too much fat is directly related to several chronic diseases such as CAD and certain types of cancer. High-fat diets are indirectly related to type 2 diabetes mellitus and hypertension” (p.110). In order for me to remain in good health and to eliminate my disease, my daily food intake calorie should go to 2200 meal plan which includes breakfast, lunch, snack and dinner according to the super tracker web site . The purpose of this paper is to teach me how to eat healthy and to accomplish my goal of maintaining a healthy eating habit which includes an excellent food intake . Analyzing the First Two Weeks Being a foreigner, I have always thought that I eat healthy and having gone the to the doctors for...
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...table fare. The advent of blackened recipes from the bayous of the southeast has also increased its popularity. Red Drum Fisheries Management of Coastal Florida The Red Drum inhabits inshore, near shore, and offshore waters throughout the Gulf of Mexico and the Atlantic Ocean. The adults spawn in rivers, bayous, and tidal areas and the fry will reside there for up to four years. This species can reach lengths of forty five inches and weigh as much as fifty pounds. Spawning is triggered by cooling waters and a decrease in daylight hours associated with late summer and fall. In 1989, the Red Drum was considered overfished in large part due to the fishing pressure placed on the species by recipes of “Blackened Redfish” introduced in Louisiana Cajun style restaurants and the chef’s that enjoyed success from the new menu item. In an attempt to control and regulate the harvesting of the species, the Florida Fish and Wildlife Conservation Commission (FWC) instituted a slot limit of eighteen to twenty – seven inches with a bag limit of one per person. They also mandated a closed season from March to May yearly. Commercial harvesting of the fish was outlawed completely to the chagrin of commercial fishermen statewide. These measures have been viewed as a success by fisheries biologist and the FWC in general as the goal for the stock rebound of forty percent escapement was exceeded. This figure represents...
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...The pacific patch is the most devastating problem of our generation yet there is little public knowledge about the nature and severity of the situation. There is also little to no awareness as to the way we humans either intentionally or unintentionally contribute to the worsening situation in our water bodies. This study used the DPSIR model in analyzing the problem of the pacific gyre from a systems perspective. It focused on the impacts of the pacific gyre on the environment, plants, animals as well as the ecosystem. The study also looked at societies responds to this problem of plastic debris and those the author suggest as alternatives. The study found that the total world figure of garbage in the Pacific Ocean is about 10,239,538 pounds and out of this figure plastics contribute the largest share of about 90%. The study also found that about 100,000 sea animals and 1 million sea birds die annually from...
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...…………………………………………………………...7 5. Business Targets……………………………………………………………………..8 6. Forecast sales…………...……………………………………………………………9 7. COST Benefit Analysis.................……………………………………………...…11 8. Risk analysis………………………………………………………………………….12 9. CONCLUSION………………………………………………………………………………….…12 References…………………………………………………………………………………13 TABLES TABLE1: SALES FORECAST………………………………………………………………...9 TABLE2: DIRECT COST OF SALES……………………………………………………….10 TABLE3: BALANCE SHEET…………………………………………………………….......10 1 Executive Summary The project is considered as a great opportunity for us to start new and future business project. We think to open a business like Spa to inspire natures’ beauty. Tina Beauty Spa and Saloon is a new beauty house in Limited Space Mall, at Westfield in London; which offers complete beauty experience. We have seven highly comfortable and luxurious rooms with full equipment’s and splendid lines. We offer different massages, facial and other body treatments. A business plan is presented here to establish the Tina Beauty Spa and Salon in the upscale mall in UK. The business will have two segments of providing beauty services both in the spa/salon as well as customers’ homes. The website of the business will also provide all the details as well as retails products which are available through Tina Beauty Spa and Salon. The executive, marketing, and financial aspects of the business are also presented...
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...LINEAR PROGRAMMING FORMULATION PROBLEMS AND SOLUTIONS 7-14 The Electrocomp Corporation manufactures two electrical products: air conditioners and large fans. The assembly process for each is similar in that both require a certain amount of wiring and drilling. Each air conditioner takes 3 hours of wiring and 2 hours of drilling. Each fan must go through 2 hours of wiring and 1 hour of drilling. During the next production period, 240 hours of wiring time are available and up to 140 hours of drilling time maybe used. Each air conditioner sold yields a profit of $25. Each fan assembled may be sold for a $15 profit. Formulate and solve this LP production mix situation to find the best combination of air conditioners and fans that yields the highest profit. Use the corner point graphical approach. Let X1 = the number of air conditioners scheduled to be produced X2 = the number of fans scheduled to be produced Maximize | 25X1 | + | 15X2 | | | (maximize profit) | Subject to: | 3X1 | + | 2X2 | ≤ | 240 | (wiring capacity constraint) | | 2X1 | + | X2 | ≤ | 140 | (drilling capacity constraint) | | | | X1, X2 | ≥ | 0 | (non-negativity constraints) | Optimal Solution: X1 = 40 X2 = 60 Profit = $1,900 7-15 Electrocomp’s management realizes that it forgot to include two critical constraints (see Problem 7-14). In particular, management decides that to ensure an adequate supply of air conditioners for a contract, at least 20 air conditioners should...
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