Q1) Comment on the forecasting method being used by Yankee? Suggest changes that you feel are justified? Ans1) Yankee presently is using the qualitative method for forecasting future demand. Qualitative method as we know is subject to experts’ intuition‚ experience‚ and opinions. So each person according to his/her past experience‚ forecasts the demand for the future. For example‚ Phil Stanton who is in the operations makes his decision of producing in the future on the basis of demand forecast
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2. How much value is generated from cost savings associated with the project? In order to answer this question‚ we need to pay attention that all the revenue we used should be the number before tax‚ then Cost Baseline-Cost Upside=Net Income of Upside-Net Income of Baseline+ Revenue of Baseline-Revenue of Upside=693492‚ which is the value gathered from cost savings in five years. 3. How much value lies in improved revenues? As shown in the Excel above‚ the improved revenue accumulated in five
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1. Describe in words how costs are assigned in the Wilkerson’s current costing system. Discuss the pros and cons of this system. Wilkerson uses a simple traditional cost accounting system in which each unit of product is charged for direct material‚ direct labor and overhead costs. Material cost is based on the prices paid for component under annual purchasing agreements. Labor cost is charged to products based on the standard run times for each product. Labor rates‚ including fringe benefits
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COPYRIGHT MATERIAL M-Tel Call Centre data: What does it tell us? In May 2009‚ Esther Ching is three months into her role as manager of the complaints section of a call centre‚ located in India. The call centre is owned and run by M-Tel‚ a Malaysian telco company. Her section handles all billing complaints and service difficulties. The main products are landlines‚ mobile telephones and internet access. She is required to present a report about the performance of her section‚ as part of the regular
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Solution to Tutorial 4 Given: F = 1000 kg-mole/hr‚ xF = 0.20 (ethanol is MVC) Feed is saturated liquid‚ thus q = 1.0 xD = 0.80‚ xB = 0.02 (maximum); R = 5/3 First‚ plot the equilibrium curve using the VLE data given. Note that you need to convert mole% ethanol into mole fraction. Then‚ apply the McCabe-Thiele method to find the number of theoretical (equilibrium) trays required for the separation. Step 1: Since R and xD are known (5/3‚ and 0.80 respectively)‚ plot the ROL equation - it
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For my first quarter supplemental project‚ I chose to watch the movie Amistad. This movie portrays very unfortunate events that innocent people from Africa had to endure. The Africans were being held in Cuba and were chained to the cargo on the ship La Amistad. One of the Africans- Cinque; takes over the ship and him and his men kill most of the crew. Furthermore‚ they continue to sail‚ but reach the United States where they are imprisoned as runaway slaves. After this‚ the slaves are beginning to
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As a conquistador under the command of Hernán Cortes‚ Bernal Diaz witnessed some of Latin America’s most interesting and least chronicled history. He was fortunate enough to be one of a select few Europeans to experience the Aztec empire at its height and to visit Tenochtitlan prior to its downfall. In an era where personal accounts of the historical occurrences are almost nonexistent‚ Bernal Diaz’s The True History of the Conquest of New Spain provides virtually the only window into this period
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SECTION A ANSWER 1.. Marketing management is the analysis‚ planning‚ implementation and control of programs designed to create‚ build‚ and maintain beneficial exchanges with target buyers for the purpose of achieving organizational objectives. The various management philosophies are: a. The production concept: This concept is one of the oldest philosophies that guides sellers. The first occurs when the demand for a product exceeds the supply. The second situation occurs when the product’s
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Answer 1. SWOT analysis of The Fashion Channel The Fashion Channel (TFC) is a 24*7 cable TV network which is exclusively dedicated to fashion. It was found in 1996 and since then it has been witnessing continuous upswing. According to an annual demographic survey‚ TFC is having approximately 110 million subscribers of cable & satellite television. But‚ due to increasing competition with other fashion channels‚ it is in the need for developing a modern and updated brand strategy. SWOT analysis
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Q3. What are the prospects for the industry going forward? 1.Though the average level of profitability in the pharmaceutical industry has been declining over time (In 2002‚ the average ROIC in the industry was 21.6%; by 2006‚ it had fallen to 14.5%)‚ historically‚ the pharmaceutical industry has been a profitable one. Because- Name of industry | Average ROIC(Between 2002 and 2006) | Pharmaceuticals | 16.45%(large) | computer hardware | 12.76% | Electronics | 3.88% | 2. The prospect
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