Kellogg Graduate School of Management Northwestern University Operations MORE SAMPLE MIDTERM EXAM QUESTIONS: SOLUTIONS [1] Consider the life cycle of a product from introduction to maturity to decline. What kind of process (job shop‚ batch process‚ or line flow) would be appropriate at each stage and why? At the introduction phase‚ product volumes are small and design changes frequent. Thus production in a job shop setup is likely to most appropriate. At maturity volumes will be large
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A post box (British English and others‚ also written postbox‚ known in the United States and Canada as collection box‚ mailbox‚ post box‚ or drop box) is a physical box into which members of the public can deposit outgoing mail intended for collection by the agents of a country’s postal service. The term post box can also refer to a private letter box for incoming mail. Contents [hide] 1 History of post boxes 1.1 Europe 1.2 Asia 1.3 North America 2 Types of post boxes 3 Clearance 4 Terrorism
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Blue Ocean Strategy Paper Karina Visloukh Marketing/421 April 13‚ 2015 Creig Foster Blue Ocean Strategy Paper The Blue Ocean Strategy In blue ocean strategy the demand is created instead of fought over. The rules are not is well defined and the opportunity for the profitable growth exists. The competition is made irrelevant. The blue ocean strategy breaks the value-cost trade off. Value innovation is the cornerstone of the blue ocean strategy. Value innovation is innovation is more than innovation
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also cultivated numerous problems that eventually led to a huge crash in our stock market. After WWI‚ American industry had flourished‚ as many postwar eras call for. Government adopted a laissez faire policy in which businesses regulated themselves‚ without government intervention. Resultingly‚ businesses became a lot more profitable
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Lotus Car Rental Alternative Fuel Proposal COMM/215 September 3‚ 2013 Lotus Car Rental Alternative Fuel Proposal Combustion engine vehicles have come a long way‚ especially since conventional vehicles are reaching upwards of 30 miles per gallon. Conventional vehicles have only grown more reliable over the past few decades‚ and continue to improve with each passing year. Due to these advancements‚ many would agree that there is no reason to switch over to new alternative fuel vehicles. However
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Edelman Award Paper Revenue Management Saves National Car Rental By M.K Geraghty and Ernest Johnson In the January/February 1997 issue of INTERFACES magazine‚ M.K. Geraghty and Ernest Johnson were presented as finalists of the Franz A. Edelman award for their presentation on a state-of-the-art Revenue Management System that would turn a huge money losing rental car company‚ National Rental Car‚ into a profitable business within two years. In 1993‚ General Motors took a $744 million dollar
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| |On | |“COMPETITIVE PRICING STRATEGIES IN IT INDUSTRY” | |
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BUSINESS STRATEGIES An organisation’s business model is and is consisted in the essence of its existence. In the globalised environment of a market economy‚ it is fundamental that management leads the organisation in defining and designing an approach to the future that is tailored to and complements the organisation’s profile‚ exploring creative possibilities that can leverage organisational uniqueness and ensuring alignment of “strategic intent” and “strategic mission” to keep stakeholders interested
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Case 2 The Movie Industry in 2008 YU-TING‚ TSAI Do you like Movies? If I am the person to answer the question‚ I would definitely say yes. The reason why people like movies is that I can have a couple hours off without any other thoughts in mind. I really feel relax when I’m watching a movie. However‚ in the case it calls the movie industry was a study in contradiction. In the case it listed out few points. First‚ the numbers of theaters is declining‚ but the number of screens is at an all-time
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would you suggest that Richard focus on to improve performance at CRU? Give a concrete plan with anticipated benefits. The sales drive plan failed to take into account the economics of their CRUs business radically reducing profits. As average rental weeks decreased (see Exhibit A)‚ the incremental inventory required to support CRUs stocking policy increased inventory by roughly 18% over last year’s values. It also accelerated the rate of receipts and the onerous costs associated with processing
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