Operations Essay

1713 words - 7 pages

Running head: OPERATIONS DECISION ASSIGNMENT 1OPERATIONS DECISION ASSIGNMENT 2Assignment 2D. A. WrightOperations DecisionProf. Basil N IbegbulamStrayer UniversityMarch 12, 20141. Outline a plan that will assess the effectiveness of the market structure for the company's operations.In most cases, organizations engage with the primary aim of achieving better andimproved results from operations on a daily basis in many activities. The market is one place in which the organization can realize either success or failure depending on how it carries its activities (Slack & Lewis, 2003). The previously discussed regression identifies that the low-calorie microwavable food firm operates in a ...view middle of the document...

Two vital factors that can lead to such a change include; withdrawal of a competitor and increase or decrease in price of products (Slack & Lewis, 2003). The above change will influence business operations in various ways. For instance, there will be increased output since the market share increases. The firm will then increase its cost of operations, with notable increases affecting elements such as labor and advertisement costs. The equation below shows variables constituting quantity demanded; QD = -5200 - (42×5) + (20×6) + (5.2×5500) + (0.20×10000) + (0.25×5000) = 2656.3. Analyze the major short-run and long-run production and cost functions for the low-calorie microwaveable food company. Suggest substantive ways in which the low-calorie food company may use this information in order to make decisions in both the short-run and the long-run.The above mentioned change may require the organization to upgrade its operations and embrace the use of modern technology in operations (Bragg, 2012). The change in modes of operation may then require lying off some workers in the process. The production function, in this case, will involve an analysis of main inputs in production against a number f outputs. With an increase in the market share, the firm focuses attention on increasing production inputs so that the outputs can be in required amount. Similarly, cost per unit of production is bound to increase with an increase in market served. The organization in turn maintains higher inventory hence increasing operation cost. The above situation, however, is offset by higher profit margins (Wheeler, 2009).Furthermore, the previous regression analysis identifies that the company cannot increase prices beyond certain levels as shown in the equation below:Own Price elasticity (ep) = - 42× = - 0.008 (approx.), and = 20, Px = 6, Q = 26560 Therefore, cross price elasticity (exy) = 20 × = 0.005.4. Determine the possible circumstances under which the company should discontinue operations. Suggest key actions that management should take in order to confront these circumstances. Provide a rationale for your response.This equations listed above, show that price increases will reduce demand and the company will eventually incur losses. The success and continued operation of the company depend upon whether the company makes profits or losses, with the latter leading to closure (Slack & Lewis, 2003). When competitors raise prices, the company has to keep track of such changes and adjust its prices in equal measures. However, this lowers demand for products, also reducing profits. On the other hand, competitors can also reduce prices to a level that the company ends up making losses in its sales since cost of production will exceed revenues realized. Management can play an active role in dealing with such situations. For instance, the management can put in place efficient market research personnel and always be in the...

Other Essays On Operations

Fabtek (A) Essay

511 words - 3 pages Fabtek is a company specialized in fabricating and selling titanium and equipments made of titanium. Recently, Fabtek is failing to maintain market share and losing money because of long delivery schedule and late deliveries due to shortage of capacity and unreliable internal forecast.Two executives of Fabtek recognize that marketing division and operations division should cooperate with each other to improve the efficiency and profitability of

Computer Benchmarking Essay

720 words - 3 pages where the chosen system size is large enough to get maximum performance.2. Dhrystones - Dhrystone is a general-performance benchmark. This benchmark is used to measure and compare the performance of different computers. Like most benchmark programs, Dhrystone consists of standard code and concentrates on string handling. It uses no floating-point operations. It is heavily influenced by hardware and software design, compiler and linker options, code

CV Essay

721 words - 3 pages / Security Agent, VictoriaDec 1990 - Sep 1992 - Security Supervisor, Malpensa Airport, MilanSept 1992 - July 1994 - Passenger Services Agent, Miami Airport, USAAug 1994 - Sept 1996 - Reservations Sales Agent, Hounslow, MiddlesexOct 1996 - Dec 1998 - Passenger Services Agent, Heathrow AirportJan 1998 - Dec 2004 - Flight Operations Agent, Heathrow AirportJan 2005 - present - Flight Operations Duty Manager, HeathrowSkill set and achievementsSales

Describe the step by step process of evaluation

561 words - 3 pages and communicated throughout the organisation, and shall include a management with authority to make decisions regarding safety risk tolerability.Co-ordination of emergency response planning: The organisation shall ensure that an emergency response plan that provides for the orderly and efficient transition from normal to emergency operations and return to the normal operations is properly coordinated with the emergency response plans of those

DBMS, Explains What It Is And How It Is Used In Corporations

659 words - 3 pages DBMS is necessary to create so department managers such as purchasing, operations, marketing, and personnel may be convinced DBMS is ideal. Designing a database follows a general rule of stage analysis in:Data requirementsClassification of informationRelationship between informationTransactions among data entitiesRules of identityThere are two stages in creating a database design: data and functional model. The data model is the actual data and

Foreign Direct Investment: Starbucks Case

2705 words - 11 pages retail stores and Specialty Operations.1.Company-operated Retail StoresThe Company's retail goal is to become the leading retailer and brand of coffee in each of its target markets by selling the finest quality coffee and related products and by providing superior customer service, thereby building a high degree of customer loyalty. Starbucks strategy for expanding its retail business is to increase its market share in existing markets primarily by

Initial Risk Assessment

1869 words - 8 pages After Hurricane Ike struck the coast of south Texas, people were displaced, homes were lost, and businesses were disrupted. Business operations need protection from loss in order to survive disasters, both natural like Ike and unnatural. Business continuity planning is a concept used to create a plan to recover and restore operations after disasters and crises strike. "Good business continuity plans will keep your company up and running through

Human Factors In Aviation: Circadian Rhythmicity

2245 words - 9 pages sleep earlier. Going to sleep later also means staying awake longer, which allows more time for the homeostatic "sleep pressure" to build up.(NASA 1999)Long Haul Operations and the biological clockField studies specific to different aviation environments and using a range of measures (e.g., performance, physiology, and behavior) have revealed a number of factors related to fatigue. For example, in long-haul operations, the non-24-hr duty/rest

Public Relations Campaign Strategy For Fictional Computer Company Trying To Take Over Lead Market Share

708 words - 3 pages The public relations campaign's overall objective is to promote the transition of a portion of Bell Computers customer service functions to a 24-hour call center located in India. The campaign will focus on the projected benefits attainable in reducing operational costs and improving the quality of customer service provided.Bell Computers recognizes the concerns of internal employees and local communities in moving a portion of their operations

Case: Hilton Manufacturing Company

432 words - 2 pages increase in sales and net profit margin were two major contributing factors to the company's return to profitable operations in the period from January 1, 2004 to June 30, 2004. Not to be overlooked, Mr. Weston's strong leadership and his "wait and see" attitude towards making changes immediately after his arrival also contributed to Hilton Manufacturing Company's return to profitable operations in the first half of 2004.

Business Code of Ethics

552 words - 3 pages that will help organization to avoid conflicts and smooth business operations with compromising the interests of stakeholders.Main elements of Company`s Code of Ethics for Decision Making purposes(i)Contribute to Society, Customers and Employees. This rule ensures the protection of Basic human rights of company`s employees and customers.(ii)Avoiding Harms to Others and conflict of interest:- As main decision making principles company wants to

Similar Papers

Managing Operations Change Essay

2592 words - 11 pages Presentation Workplace analysis Recommendations and application of theory Conclusions Changing your workplace "" Hanlon Windows.Produce a report on changing your workplace. Think of any aspect of workplace that needs changing.Technology at Hanlon Windows is one of many aspects of the organisation that needs changing, this will be the main focus.Outline what changes are required.Hanlon windows is a family owned and operated company that has been

Johnson Controls Essay

493 words - 2 pages Johnson Controls - The Georgetown PlantThe Georgetown Plant of Johnson Controls manufactured automobile seats for the Toyota automobile manufacture. Johnson Controls was organized in four groups: Controls, Automotive, Plastic, Batteries. As the world's largest supplier of automotive seating systems, Johnson prided itself on the flexibility of operations.Adopting Japanese philosophies of kaizen, Operations have been constantly improving yielding

Me You And He Essay

330 words - 2 pages PARIOLEHQ TEL: + 356 3550 5665INT'L TEL: +1 323 982 8967 | FAX: +1 323 214 8106www.pariole.comJOB DESCRIPTIONPosition: Operations OfficerType: Home Based | Full Time | Online OfficeDOT Code: 186.137-014Salary: $ 1400/week [$ 72 800/year]Hours: 20 hours/weekProbationary Period Offer:14 daysTo become an operations officer you must have good organizational skills and be able to work under deadline pressure. The operations officer holds a primary

Parker Earth Moving Company Consulting: Session 4

949 words - 4 pages familiar with the latest technology trends. In an effort to improve this area of business for Parker Earth Moving Company the following issues will be addressed; how technologies are currently used in operations management, the evolution of information technology in operation management. Also, the technologies that used to be available and what is available now, potential problems that managers will experience adapting to new technology and