Assignment:
Unit: Intro to Economic Thinking
Create a 400-600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas:
Health economists use demand and supply theory to discuss the "Health Insurance Exchange" created by the Affordable Care Act (Obamacare). Mandated by law everyone now must have health insurance.
Discuss the following:
How would the law affect the demand for health insurance? Why?
How would the law affect the average price of health insurance? Why?
How would the law affect the supply for health insurance? Why?
Operations Management
Part 1
Create 200-300 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
The line managers in the production department have heard a lot of good things about value chain management. They heard that you have done considerable research on this topic. They have come to your office today to discuss value chain management with you. Complete the following:
Summarize 3 examples of how value chain helps companies become more competitive. You are presenting these to the administrative team from the production department.
Discuss how value chain management helps companies create and build value for their clients and partnering organizations by answering thefollowing questions:
How do you believe value chain management works?
How do you think value chain management can help companies be more competitive?
How do you think value chain management helps companies create and build value?
Be sure to include your references, and format your submission in APA format.
Part 2
Course uses a simulation (separate from Intellipath) to support student learning of operations management, with real world scenarios and issues. You will be completing various ‘modules' in the simulation and tasked with including content in your submitted work that reflects lessons learned while in the simulation. The following video will help you prepare a bit for what is to come.
Watch this video explaining operations management.
Discuss 2 items that caught your attention in the video. Write 100 words on Part II
Discussion Board and Simulation Module: The Production Process
Unit: Supply Chain Design
Module 1: The Production Process
Operations is the engine that drives a business. This module focuses on the heart of that engine: managing the production process. (12 Turns). To gain access to this module, please access the URL your faculty posted in the announcements and course materials section of the classroom to begin. Using the email from Words of Wisdom (WOW) containing your sign in information, log into your McGraw Hill student account and select the MGMT 345 Master (Cape & Cullen), then select "Click here to launch MH Practice." On the next screen, select Play to gain access to the various modules. Find "Module 1: The Production Process" on the list and select Play Game. From that point follow the instructions in the simulation.
Create a 200-300 words that respond to the following with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas. Using what you learned in the game module, please explain the following aspects of a production process:
Provide an overview of what a manufacturing process is and how it is organized.
Explain the concepts of setup time, utilization time, production scheduling, and bottlenecks in a simple manufacturing process and what the role of the operations manager is.