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The Business Doctor
Канада
Добавлен 2 сен 2009
This RUclips Channel is a library of video tutorials, concept reviews, and classroom demonstrations for a number of business courses including Financial Accounting, Managerial Accounting, Operations Management, Supply Chain Management, and more created by Dr. Mark T. Morpurgo.
Fintech in Financial Markets
This video includes the following learning objectives:
1. Describe the origins of fintech.
2. Describe the implementation of blockchain technology.
3. Describe cryptocurrencies and their characteristics.
4. Identify the most important fintech developments in the financial services sector.
5. Discuss the regulatory structure of fintech.
1. Describe the origins of fintech.
2. Describe the implementation of blockchain technology.
3. Describe cryptocurrencies and their characteristics.
4. Identify the most important fintech developments in the financial services sector.
5. Discuss the regulatory structure of fintech.
Просмотров: 49
Видео
Pension Fund Operations
Просмотров 422 месяца назад
This video includes the following learning objectives: 1. Distinguish between defined-benefit versus defined-contribution pension plans. 2. Explain how pension funds participate in financial markets. 3. Discuss the regulation of private pension plans. 4. Discuss underfunding of public pension plans. 5. Discuss corruption and defined-benefit plans. 6. Explain how pension funds are managed. 7. Ex...
Insurance Operations
Просмотров 632 месяца назад
This video includes the following learning objectives: 1. Explain how insurance premiums are determined. 2. Describe how insurance companies are regulated. 3. Describe the main operations of life insurance companies. 4. Describe the main operations of other types of insurance companies. 5. Explain the exposure of insurance companies to various forms of risk. 6. Identify the factors that affect ...
Securities Operations
Просмотров 432 месяца назад
This video includes the following learning objectives: 1. Describe the key functions of securities firms. 2. Describe how securities firms are regulated. 3. Identify the factors that affect the valuation of securities firms. 4. Explain the exposure of securities firms to risk. 5. Explain how the credit crisis affected securities firms.
Mutual Fund Operations
Просмотров 632 месяца назад
This video includes the following learning objectives: 1. Provide background information on mutual funds 2. Describe the various types of stock and bond mutual funds. 3. Describe key characteristics of money market funds. 4. Discuss key characteristics of hedge funds. 5. Describe other types of funds. 6. Describe the valuation and performance of mutual funds.
Finance Company Operations
Просмотров 422 месяца назад
This video includes the following learning objectives: 1. The main types of finance companies 2. The main sources and uses of finance company funds. 3. Factors that determine the values of finance companies. 4. Finance companies exposure to various forms of risk. 5. multinational finance companies
Thrift Operations
Просмотров 402 месяца назад
This video covers the following learning objectives: 1. Describe the ownership and regulation of savings institutions. 2. Identify the key sources and uses of funds for savings institutions. 3. Explain the valuation of a savings institution. 4. Describe the exposure of savings institutions to various types of risk. 5. Explain how savings institutions manage interest rate risk. 6. Describe how s...
Bank Performance
Просмотров 182 месяца назад
This video covers the following learning objectives: 1. Describe the underlying goal, strategy, and governance of banks. 2. Explain how banks manage liquidity. 3. Explain how banks manage interest rate risk. 4. Explain how banks manage credit risk. 5. Explain how banks manage market risk. 6. Explain integrated bank management. 7. Discuss how banks manage risk in international operations.
Bank Management
Просмотров 412 месяца назад
This video includes the following learning objectives: 1. Describe the underlying goal, strategy, and governance of banks. 2. Explain how banks manage liquidity. 3. Explain how banks manage interest rate risk. 4. Explain how banks manage credit risk. 5. Explain how banks manage market risk. 6. Explain integrated bank management. 7. Discuss how banks manage risk in international operations.
Bank Regulation
Просмотров 132 месяца назад
This video includes the following learning objectives: 1. Describe the regulatory structure of the U.S. banking system 2. Describe the key regulations imposed on commercial banks. 3. Explain capital requirements of banks. 4. Explain how regulators monitor banks. 5. Explain the issues regarding government rescue of failed banks. 6. Discuss the government funding provided to banks during the cred...
Commercial Bank Operations
Просмотров 592 месяца назад
This video covers the following learning objectives: 1. Describe the market structure of commercial banks. 2. Describe the most common sources of funds for commercial banks. 3. Explain the most common uses of funds for commercial banks. 4. Describe typical off-balance sheet activities for commercial banks 5. Discuss trends in international banking
Foreign Exchange Derivative Markets
Просмотров 432 месяца назад
This video includes the following learning objectives: 1. Provide a background on foreign exchange market 2. Explain how various factors affect exchange rates. 3. Explain how to forecast exchange rates. 4. Describe the use of foreign exchange rate derivatives 5. Explain international arbitrage
Swap Markets
Просмотров 322 месяца назад
This video covers the following learning objectives: 1. To Provide background information on swaps 2. Describe the types of swaps that are available 3. Explain the risks of interest rate swaps 4. Explain how interest rate swaps are priced. 5. Identify factors influencing interest rate swap performance. 6. Identify other interest rate derivative instruments that are commonly used 7. Explain how ...
Options Markets
Просмотров 182 месяца назад
This video covers the following learning objectives: 1. To Provide a background on options 2. Explain why stock option premiums vary 3. Explain how stock options are used to speculate. 4. Explain how stock options are used to hedge. 5. Explain the use of stock index options 6. Explain the use of options on futures 7. Discuss the use of options as executive compensation 8. Discuss the globalizat...
Financial Futures
Просмотров 142 месяца назад
This video covers the following learning objectives: 1. To Provide a background on financial futures contracts 2. To Explain how interest rate futures contracts are used to speculate or hedge based on anticipated interest rate movements 3. To Explain how stock index futures contracts are used to speculate or hedge based on anticipated stock price movements 4. To Describe the different types of ...
Stock Offerings and Investor Monitoring
Просмотров 432 месяца назад
Stock Offerings and Investor Monitoring
Using Linear Regression in Excel for Time Series Forecasting
Просмотров 2 тыс.4 месяца назад
Using Linear Regression in Excel for Time Series Forecasting
Using GAMMA.INV, RAND, COUNT, COUTIF, and Trials in Excel
Просмотров 794 месяца назад
Using GAMMA.INV, RAND, COUNT, COUTIF, and Trials in Excel
Profitability Analysis in Excel Using Simulation Trials
Просмотров 1594 месяца назад
Profitability Analysis in Excel Using Simulation Trials
Using NORM.INV, RAND, MAX, COUNT, COUNTIF, and Trials in Excel
Просмотров 1284 месяца назад
Using NORM.INV, RAND, MAX, COUNT, COUNTIF, and Trials in Excel
Using SOLVER in Excel for Product Mix Decisions
Просмотров 3124 месяца назад
Using SOLVER in Excel for Product Mix Decisions
Using XLOOKUP and SORT in Excel to analyze price and sales data
Просмотров 2494 месяца назад
Using XLOOKUP and SORT in Excel to analyze price and sales data
Using SORT and COUNTIF in Excel to Analyze Employee Records
Просмотров 754 месяца назад
Using SORT and COUNTIF in Excel to Analyze Employee Records
Using SORT in Excel to Analyze Unemployment Data
Просмотров 674 месяца назад
Using SORT in Excel to Analyze Unemployment Data
Taylor Scott Harris Margaret Allen Jose
Please provide the link to the Excel file data in the description, so that we can work along with this video. Thanks.
I guess if we consider the finance charge as a loss on sale of A/R now, then there will be another loss in the future when the factor is unable to give back to the seller the full amount of 22,969?
Brown Donald Taylor Michael Clark Sharon
U of Athabasca acct student, here! Thank you.
You're welcome!
@@The_Business_Doctor 😊
great content
Thanks!
Thanks for the explanation, very clear! My question is how would we calculate more than one center of gravity at once (e.g., adding two Distribution Centers to the network)?
Hi Armando, That's a good question, but the centre of gravity model is not intended to be used for more than one centre of gravity (which would be like having two suns in the solar system!). If you're looking to add two distribution centres to a network, presumably each is intended to support a specific geographic region so I think you would want to look at the entire network and decide which ones to group together (such as northern region and southern region) and then use the model to find the centre of gravity for those regions separately. Each DC could conceivably act as a backup for the other region incase something happens to one (say it blows up or something), but it won't be in an optical location. Mark
Thanks, man. I'm going to try and become a supply chain manager.
Go for it!
Very nice video though. Consider using Monte Carlo simulation which allows you to develop the probability distribution of the profit.
Thanks. Yes there are many ways to solve a problem like this. I did it this way for a particular reason to demonstrate that particular Excel function.
FYI, Your slide says $30 not $300 (typo) and u quote $30.
4:21 In theoretical efficiency, No of station should be 4, Isn't it?
Simple yet so clearly explained. Thank you sir
also if you group the second tasks into two stations each equaling a total time of 23 minutes meaning idle time of 2 mins wouldnt that equal more efficiency? Or is that not the correct answer to the sum. Is there supposed to be a fixed method to grouping different tasks? Because I as I see it if everyones groups them differently they will have different total times taken and there overall different answers for the effiency percentage
Hi! Why didnt you just group sections G, AND E together because they = 12 minutes and wouldnt that have made the overall problem simpler and more efficient?
thank u needed this
can i know the name of the book
Thank you so much sir! Now am able to answer my test.
You’re welcome! Good luck on your test!
Thank you 😊
You're welcome 😊
Cycle time should includes all workstations and processes and is not max allowed time at each workstation.
Based on the textbooks I have used, cycle time is "the maximum time allowed at each workstation to complete its set of tasks on a unit." (Stevenson & Hojati, 2011; Heizer, Render, Munson, & Griffin, 2020). This problem gives us tasks which have yet to be organized into workstations and the cycle time represents the maximum amount of time that a unit can spend in a workstation in a given cycle. The total sum of all the tasks (process if you like) to complete a product is the task duration time and we divide the duration time by the cycle time to determine the optimal number of workstations. So in this case, if the task duration time (in seconds for an entire hour) is 3600 seconds to produce a unit through all the tasks and the cycle time is a maximum of 20 seconds per unit, that means we need to try to organize the tasks into 3 workstations to allow the unit to be produced. It could be that different textbooks and sources may interpret the cycle time slightly differently. Here was have a WORKSTATION cycle time of 20 seconds per unit and a total (ideal) PRODUCTION cycle time of 60 seconds (which is what I think you're trying to get at). However, sometimes the theoretical number of workstations cannot be achieved because of the precedence relationships and times of the tasks, so you might need 4 workstations. In this case the actual PRODUCTION cycle time would be greater than the WORKSTATION cycle time. I guess it depends on the source you're referring to.
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Hi, I'm a lawyer looking for an online education in Accounting (equivalent to what I would get in University). Could you recommend a program that is cheap but thorough and comprehensive? Thanks in advance.
Hi there. Funny you mention that. I don't know of any of I was actually thinking about putting together a course for lawyers! I know trust accounting would be a key element but would have to consult with some lawyers that I know to determine what appropriate content should be. Also, by "cheap" what do you mean? What do you think a reasonable price point is for a program that would cover what you're looking for? You are welcome to email me direct at mark@strategema.ca
@@The_Business_Doctor To be honest, I haven't seen an online accounting course that isn't associated with a University. And all of those programs are very, very expensive. So, a quarter of the price point would be very attractive.
THANK YOU
You’re welcome!
Pure gold, thank you!
Thanks!
reliability.
I don't know what you mean by the single word comment.
Can you calculate the reliabilty of 2 identical components if you have the system reliability number?
Hi there. Absolutely you can -- it involves working backwards using roots. For example, if you have two components in series, each with a reliably of 95%, the reliability of the system is 0.95 x 0.95 = 0.9025 So if you know the system reliability, and there are 2 components, you would take the square root of 0.9025 and get 0.95! If there are 3 components in series and the reliability of the system is 0.8574, then you would take the third root of 0.8574, or if you have a calculator that is not capable of anything higher than a square root, you would take 0.8574^(1/3) (i.e. to the exponent of 1/3) and you'll get 0.95. Proof: 0.95 x 0.95 x 0.95 = 0.8574. For 4 components each with a 95% reliability: System reliability = 0..95^4 = 0.8145 (using the yx button on a calculator) If you know the system, then each component is 0.8145^(1/4)( also using the yx button) For parallel and more complicated systems, this can be more difficult and requires a lot of careful working backwards. Hope this helps. Mark
thank you so much! im from Belarus, this video is helpful worldwide haha
You’re welcome! Operations management is international!
Hi urgently need help with the worker aspect of the table. Months July- August Demand 400 500 550 400 800 700 respectively Holding cost =$8/widgets/month Subcontracting cost =$80/widgets Regular labour cost= $12/widgets Hiring =$40/worker Firing=$80/worker Beginning workforce level (June)= 8workers Labour hrs/widgets =4hrs/widgets Workday/month=20days Hrs worked per day=8hrs/day Initial inventory level=150 widgets Could you work out the amount of workers needed for each month including Hiring and firing showing the calculations for each month?
Sorry, but I don't have the time to solve extra problems and these requests are often from students asking for help with homework or assignment problems, which I don't provide.
thx god u are my hero I started my research about 1 month ago and I was stuck about how to calculate with this method now u solved my problem in 5.12 minute.
Great news!
Greatest QC video I've seen, I'm from just watching the whole playlist 👏👏
Thanks very much!
From watching the whole playlist, greatest QC video I've seen, 👏👏👏👏👏👏👏
Thanks!
So they would just need to buy 1 machine extra for year 1 and again for year 2, correct? After that, the 9 machines meet demand for years 3-5.
Hi Adrienne. The company would have to add 8 machines in year 1 to make up for the capacity shortage, then 1 more in years 2 through 5. Hope this helps. Mark
great video. better than what university professors can teach in 3 hours of lecture time
Glad you found it useful
U r absolutely the best one to explain the material 🌟🌟I wish that u teach the whole chapter😢😢
Thanks a lot!
Thanks a lot for this.
You’re welcome!
Saved me in last second before exam tysm!
Awesome! Hope your exam went well!
MAPE % will be low it means our forecasting is good? Or bad?
Good question. From the MAPE you can sort of really assess if the forecasting is “good” or bad per se. The it’s the average absolute percentage error which means that the forecast is “off” by the MAPE and that could mean over or under relative to the actual demand. It’s the size of the MAPE that’s important. For example if the MAPE is 5% then we can say the forecasts differ from actual demand by an average of 5% which is not very much in many cases since you would expect some differences. If, however, the MAPE is 15% that might not be acceptable because the higher the MAPE the less reliable the forecast is. Hope this helps.
@@The_Business_Doctor understand your point. One more thing to ask- how we can increase our projection accuracy, is there another technique or methods?
This saved for my industrial management examination tomorrow
Awesome! Hope your exam went well!
Hi sir, may i ask - how do we get the Crash Time Values (in column 2) ? Also must the Duration Unit be standardized to weeks? or can it be any other time unit (i.e. man-days)?
Hi there. The crash time values are provided, so there are no calculations required. You can use any unit you like: days, weeks, months, etc.. Hope this helps. Mark
Dont get how you get the 0.577 in chart like how does 0.0115 relate to that? Should've explained. Like why are you just taking a sample size of 5 when there is 12 total? Half assed explanation in this video get better.
Yes, you're right, that video isn't clear that the 0.577 comes from the A2 factor in a table. However, the formula does specify A2 and, presumably, students taking an OM course where a problem like this appears would be familiar with the formula and what A2 relates to. Still, I should have included a snip of the tables. As for the sample size, I believe you're confusing the number of samples (12) with the sample SIZE (5) and that's clarified at the beginning of the problem.
how can you download excel om?
Unfortunately it is available only when you purchase the textbook.
how did we find the average production?
I presume you're referring to the averge production in Plan C. The solution table shows Production (Avg Demand), so that would be the avergae of all the demands given in the problem data. Add them all up and divide by 12 and you end up with 1,775.
In part b they are asking for a plan that holds employment steady so why are you firing/layoff and adding that value in total ??
Good question! This is because when the production starts, they have too many staff (to produce 1500 units). It's after the first period where there is a single round of layoffs that results in stable employment to meet the production of 1,350 for every period. Hope this helps. Mark
Amazing very Helpful
I’m glad you liked it!
Very helpful Mam
I’m glad you found it helpful.
Thank you so much very useful 😀😀😀
You’re welcome!
Amazing video cheers pal
Thanks!
*Promo SM*
I don’t know what that means
please can i get the link to download the book you were using
This is the ISBN for the current version of the textbook: 9780137319084, 0137319088 Operations Management: Sustainability and Supply Chain Management (Canadian Edition) 4th Edition by Jay Heizer; Barry Render; Chuck Munson; Paul Griffin
Hi, thanks so much for the video! I am just conufsed with one thing for part a why isnt the input 400x12.50.... in some textbook they would multiple inputs together, sometimes input would just be number of workers and other just hours.. HOW do i know when to do what, pleaseee help
Hi Sara, Sorry for the late reply to this. In part A we want the single-factor productivity in tires per HOUR. If we wanted the single-factor productivity per LABOUR DOLLAR, we would then take 1000 tires per day and divide by (400 x $12.50) and end up with 0.20 tires per labour dollar. That's a different single-factor metric. In part B we DO multiply that to get the total labour cost of $5,000 which is added to the other costs for multi-factor productivity on per-dollar basis. The key is to know what you want to calculate: productivity per hour, per dollar, etc. Hope this helps. Mark
Thanks youuu!!!!
You’re welcome!