10 Sep 1. (10 points) Auckland Milford Yacht Manufacturing Ltd (AMYML) operations manager is concerned that workers
1. (10 points) Auckland Milford Yacht Manufacturing Ltd (AMYML) operations manager is concerned that workers create more operations problem at the very beginning and end of a work shift than at other times of their eight-hour workday. You are asked to draw a scatter diagram by using the data collected last week, then justify if the manager has the right concern or not?
|
|
Number of Operations Problems |
||||
|
|
Monday |
Tuesday |
Wednesday |
Thursday |
Friday |
|
8am-9am at work |
13 |
12 |
9 |
6 |
8 |
|
9am-10am at work |
6 |
5 |
3 |
4 |
5 |
|
10am-11am at work |
5 |
2 |
4 |
3 |
3 |
|
11am-12pm at work |
4 |
0 |
5 |
2 |
3 |
|
12:30pm-13:30pm at work |
1 |
6 |
2 |
4 |
5 |
|
13:30pm-14:30pm at work |
4 |
3 |
3 |
2 |
1 |
|
14:30pm-15:30pm at work |
7 |
4 |
4 |
6 |
3 |
|
15:30pm-16:30pm at work |
7 |
8 |
7 |
7 |
11 |
2. (10 points) Auckland Milford Yacht Manufacturing Ltd (AMYML) faces the challenge to choose one of the following options to improve its business management.
Option 1. Apply marketing strategy to increase sales (and costs) by 50%.
Option 2. Apply supplier management to decrease 10% of the cost of inputs.
Option 3. Apply operations management to reduce production costs by 18%.
If you were the manager of AMYML, which option will you apply based on the following information? (9 points)
In addition, comment on the feasibility of each option. (1 points)
|
Cost of Inputs |
Production Costs |
Revenue |
|
|
Current Value |
$60,000 |
$36,000 |
$100,000 |
3. (10 points) In Auckland Milford Yacht Manufacturing Ltd (AMYML) the operations manager’s staff has compiled the information below for four manufacturing alternatives (A, B, C and D) that vary by production technology and the capacity of the machinery. All choices enable the same level of total production and have the same lifetime. The four states of nature represent four levels of consumer acceptance of the firm’s products. Values in the table are net present value of future profits in millions of dollars. Forecasts indicate that there is a 0.1 probability of acceptance level 1, 0.2 chance of acceptance level 2, 0.4 chance of accep
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