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One group of 20 trainees estimated a total overall monthly cost benefit of $336,000 related to business improvements and showed an average 70 percent confidence level with that estimate. The calculation is as follows: 70 percent multiplied by $336,000 gave a cost-benefit of $235,200. This number was divided by 20 ($235,200/20 trainees) to give an average estimated cost benefit for each of the trainees ($11,760). To calculate ROI,1. Identify outcomes (e.g., quality, accidents).2. Place a value on the outcomes.3. Determine the change in performance after eliminating other potential influences on training results.4. Obtain an annual amount of benefits (operational results) from training by comparing results after training to results before training (in dollars).5. Determine the training costs (direct costs + indirect costs + development costs + overhead costs + compensation for trainees).6. Calculate the total benefits by subtracting the training costs from benefits (operational results).7. Calculate the ROI by dividing operational results by costs. The ROI gives an estimate of the dollar return expected from each dollar invested in training.
Describe the role that a supply chain manager at Dell might play. Describe the benefits that Dell and other companies receive from supply chain management.
What run quantity should be used to minimize total annual costs? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)
What are recent examples of unethical business decisions that have had a large impact on society? Why do you think the capstone course for the MBA program has a heavy emphasis on ethical decision making?
From an economic perspective, was the shift to a free trade regime in the textile industry good for Bangladesh?
You need to increase capacity of your manufacturing operation by adding new equipment. Two vendors have presented proposals.
Distinguish between pure and mixed strategies in production planning. Provide examples of each strategy.
A manufacturing process consists of three sequential operations. At maximum capacity operation A can output 125 units per hour, Operation B can output 120 units per hour, and Operation C can output 130 units per hour.
Determine the amount of slack in each of a project's activities (presented below), and identify the critical path.
Briefly describe your role as an employee of an organization in the IS field. Give examples of what you need to know about information systems and how it can help with your job performance
Illustrate the business research and its purpose. Describe the business problem(s) under investigation.
Explain how each IT project listed above specifically improves and/or supports the business.4. Make a list of five ways that Bill could protect the data and systems that he is going to put in place
Ben would like to use an inventory system which minimizes inventory cost also will provide a 95 percent service probability. Illustrate what is economic quantity for Ben to order. At illustrate what inventory level should he place an order.
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