4. What happens if sales volumes are lower or higher than expected as outlined at the end of the case? Base Case Sales Volume | 25‚000 | Number of options | 25‚000 | Number of Contracts | 25‚000 | Cost per participants | 1‚000 Euro | Option Strike Price | 1.22 | Forward Strike Price | 1.22 | | | Option Premium | 61 | | | Total Cost (USD) | | | USD Exchange Rate (USD/EUR) | | %Cover | Contracts | Options | 1.01 | 1.22 | 1.48 | 100% | 0% | 100% | $26‚775‚000 | $32‚025‚000
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Kristen’s Cookie Company Case Study and Analysis Forecasting and Operations Management Saint Mary’s College of California Executive MBA Program Jessica Marie – www.jessicamariemba.com Kristen’s Cookie Company Agenda Introduction and Preliminary Modeling Key Questions and Problems for Further Thought Recommendations for Improvement Q & A Session and Discussion Kristen’s Cookie Company Introduction Kristen’s Cookie Company Mission Statement: Born from a hunger to feed the student
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5. Yes. If Kristen and roommate can only do their own job‚ the max order(order by order) they can process is 8 orders a night. But if they can cross-training‚ would 1. Receive order print and reply Roommate 1 minute/order Mix ingredients Kristen 6 minutes /max 3trays Spooning cookies onto tray Kristen 2 minutes/tray Cookies in oven Roommate 10 minutes/tray Cool down cookies
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[pic][pic][pic][pic]Kristen’s Cookies Company 1. How long will it take to fill a rush order? Our group has calculated (see Appendix Figure 1) that it will take 24 minutes to fill a rush order if it is the first order placed in the night. This assumes that the oven is already preheated and the mixer bowl and beaters are clean (as sanitary requirements would demand). However‚ all subsequent orders will require 26 minutes because of the two minutes to wash the bowl and beaters. 2. How many
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EINGB333 LAMBION Amaury Case report: Kristen’s Cookie Company Question 1 Total= 26 minutes (6+2+1+1+2+5+9) Question 2 The time we need for the first dozen of cookies is 26 minutes (see question 1). But the next orders only take 10 minutes. We can explain that by the fact that first we are obliged to do the whole operation. Then the mixing(6min) and the dishing(2min) can be done will an other dozen is baking (10 minutes). In the same reasoning cooking‚ baking and paying can be done when another
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Aigerim Mukeyeva 20110230 Dastan Yeleussizov 20110577 Mazhit Myrzakhmet 20111981 Saniya Bopiyeva 20092811 Kristen’s Cookie Company 1. In order to find the time for filling a rush order‚ we just need to sum up the amounts of time needed for each task: 6+2+1+9+5+2+1 = 26 min 2. If we can prepare one order in 26 minutes‚ it does not mean that it will take 52 minutes to prepare 2 orders. We can start preparing next order while the first one is in process
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Operations Management Fall 2013 Kristen’s Cookie Company September 26‚ 2013 Kristen and her roommate are preparing to launch Kristen’s Cookie Company in their on-campus apartment. The company will provide fresh cookies to hungry students late at night. Evaluation of the preliminary design for the company’s production process will be required in order to make key policy decisions‚ including what prices to charge‚ what equipment to order and how many orders to
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Flowchart The case analysis yields the following points 1. The time taken to fill rush order will depend on whether there are any orders that are being processed currently or not. Accordingly we will have two scenarios a). No order is being processed when the rush order is received. The time in this case will be equal to the sum of the time required for all the processes. Time = 6 + 2 + 1 + 9 + 5 + 2 + 1 = 26minute b). An order is being processed when the rush order is received. In the worst case‚ the cookies
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OMGT 1039 Production Management Assignment 1 (20 %) Quality Control Problem and QFD Due on Friday 2 Nov 2012 10:00pm Word Limit: 1500-1800 words For Assignment 1 there are two case studies. Each case worth 10 marks. Case 1 The Fred and Barney Cookie Co.[1] The Fred and Barney Cookie Co. has collected the following data over the past few days: they have a process that bakes and packages a targeted 11-gram package of cookies. They take a sample of fifteen packages every 2 hours and have
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Kristen’s Cookies Case What are the order winners and Qualifiers for Kristen’s Cookies? Kristen’s Cookies is conveniently located on campus and will cater to hungry students late at night. The company will not only let the students customize their cookies‚ but also bake them fresh. Students will have a wide variety of ingredients to choose from and this bake to order concept will ensure that cookies are to consumer’s liking. Based on this model‚ order qualifiers are the physical location
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