Operational Management

2. If unit 1 requires 200 hours to produce and the labor records for an Air Force project contract of 50 units indicates an average labor content of 63.1 hours per unit, what was the learning rate? What total addi- tional number of labor hours would be required for a follow-on Air Force contract of 50 units? What would be the average labor content of this second contract? Of both contracts combined? If labor costs the vendor $10/hour on this second contract and the price to the Air Force is fixed at $550 each, what can you say about the profitability of the first and second con- tracts, and hence the bidding process in general?

EXPERT ANSWER The time required to produce the first unit = Y1 = 200 hours Average time for the first 50 units = Y50 = 63.1 hours Y50 = Y1 * 50^b or, 50^b = Y50 / Y1 = 63.1 / 200 = 0.3155 or, b = ln(0.3155) / ln(50) = -0.2949 or, ln(r) / …

2. If unit 1 requires 200 hours to produce and the labor records for an Air Force project contract of 50 units indicates an average labor content of 63.1 hours per unit, what was the learning rate? What total addi- tional number of labor hours would be required for a follow-on Air Force contract of 50 units? What would be the average labor content of this second contract? Of both contracts combined? If labor costs the vendor $10/hour on this second contract and the price to the Air Force is fixed at $550 each, what can you say about the profitability of the first and second con- tracts, and hence the bidding process in general? Read More »

Contrast win-lose negotiation, lose-lose negotiation and win-win negotiation and explain why the latter is so important in project management.

Contrast win-lose negotiation, lose-lose negotiation and win-win negotiation and explain why the latter is so important in project management. EXPERT ANSWER A win-lose situation results when only one side percieves the outcome as positive.Therefore,win-lose outcomes are less likely to be accepted voluntarily.Usually distributive bargaining processes end in a win-lose negotiation where one party gain and …

Contrast win-lose negotiation, lose-lose negotiation and win-win negotiation and explain why the latter is so important in project management. Read More »

How would you suggest the team handle the issue of Dr. Link’s supposedly inflated medical equipment costs.

How would you suggest the team handle the issue of Dr. Link’s supposedly inflated medical equipment costs. EXPERT ANSWER Since these items are expensive, the CFO should introduce one of the following methods to raise funds. The CFO should set up a team of different experts and doctors to determine the actual equipment needs and …

How would you suggest the team handle the issue of Dr. Link’s supposedly inflated medical equipment costs. Read More »

Critique the meeting: what went well and what did not Professor Scott indicated it was a productive meeting. Do you agree? Why or why not? As the leader of this project, what would your next steps be?

Question of Project Management case study: Critique the meeting: what went well and what did not Professor Scott indicated it was a productive meeting. Do you agree? Why or why not? As the leader of this project, what would your next steps be? EXPERT ANSWER Ans 1 Everything went well everyone was participating in the meeting …

Critique the meeting: what went well and what did not Professor Scott indicated it was a productive meeting. Do you agree? Why or why not? As the leader of this project, what would your next steps be? Read More »

Select a popular product or company that you are familiar with, such as XBOX 360 or VAR. Apply Porter’s competitive forces model to that product and/or company. Which of the four generic strategies is the company using? please do it without plagiarism Course: Information resources management

EXPERT ANSWER APPLE.INC ANALYSIS: According to Apple’s five forces study, which is based on Porter’s model, the intensity of external factors is as follows. Buyers’/customers’ bargaining power Is a powerful force Supplier bargaining power — weak strong Competitive rivalry – strong force The threat of substitution – weak force New entrant threat – moderate force …

Select a popular product or company that you are familiar with, such as XBOX 360 or VAR. Apply Porter’s competitive forces model to that product and/or company. Which of the four generic strategies is the company using? please do it without plagiarism Course: Information resources management Read More »

As part of creating an estate plan, an attorney will likely do all of the following, except:

As part of creating an estate plan, an attorney will likely do all of the following, except: Multiple Choice distribute property to beneficiaries. take an inventory of the client’s assets. learn the client’s objectives. draft the instruments necessary to carry out the plan. Spokes Bicycles has a contract with Trail Parts, Inc. that requires Spokes …

As part of creating an estate plan, an attorney will likely do all of the following, except: Read More »

Which of the following is a condition necessary for a liquidated damages agreement to be enforced?

Which of the following is a condition necessary for a liquidated damages agreement to be enforced? Multiple Choice If actual damages would be difficult to prove in the event of a breach of the contract If the amount is large enough to be considered penal If the amount is considered unconscionable If there is no …

Which of the following is a condition necessary for a liquidated damages agreement to be enforced? Read More »