solution

Business process management (BPM) is about analyzing, monitoring, (re-) designing and execute business processes to improve performance.

Key Points

  • A process is an interrelated, sequential set of activities and tasks that turns inputs into outputs
  • Processes are typically represented using workflow diagrams
  • Business processes are cross-functional in nature. For example, customer support is enabled by multiple departments working together (e.g., sales and service)
  • People are normally trained in a function, not in a process. That is why cross-functional perspectives are difficult to attain

Application

Represent a process that you are involved in at work and explain how it may be redesigned to improve efficiency. You may draw a diagram or use an actual process modeling technique or tool, such as draw.io. Watch the below video for a quick introduction to BPM notation (BPMN) in draw.io: cCAN RELATE TO ANY JOB OR SITUATION!

 
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Prepare a sample time-series data on any probabilistic variable(s) of interest through using web sources. The data can be anything of interest to you: the price of a stock or the level of an index, inflation rate of prices in our economy, weather temperature at a specific location, total population of the world or a country (etc., etc.) but it must be collected over time for the same observational unit and must be comprised of 50 or more observations. Note that randomly generated data is not allowed: your data must mean something.

(a) Describe your variable of interest and elaborate on how you expect this variable to behave ex-ante.
(b) Report the minimum, maximum, median, upper/lower quartiles, and interquartile range for your data.

(c) Draw a simple time plot for your data and check if there is a trend. If there is, remove the trend (find out how) to obtain its cyclical component. Draw a correlogram (for the data itself if there is no apparent trend and of the cyclical component of the data if there is an apparent trend) and elaborate on your results.

(d) Compute the mean and standard deviation of your sample and elaborate on what these statistics mean.

(e) Construct a 95% confidence interval around your sample mean and elaborate what this interval signifies.
 
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Read the study case below and Write your legal opinion on the study case below and write a memorandum with legal actions that should been carried out

Analyze, synthesize and evaluate the Host City Contract of the Olympic Games and the
Olympic Charter and apply them to solve problems affecting sports and the law pragmatically.
Show a detailed knowledge of the legal and regulatory framework affecting sports and the law and an
awareness of a variety of ideas, contexts, and frameworks.

STUDY CASE:

You are a Legal Counsel at the International Olympic Committee (IOC). The President of the IOC comes into your office and tells you that the Organizing
Committee of the 2022 Beijing Olympic Games (OCOG) have just issued a press release announcing that, because of the COVID-19 Pandemic, the OCOG has
decided to change the dates of the 2022 Beijing Olympic Games to 2023. The IOC was never consulted on this. Moreover, the press release states that following
the President of the USA‘s false claims that the COVID-19 was created by Chinese scientists to destroy the US economy, the OCOG has decided that no American
athletes will be allowed to participate in the 2022 Beijing Olympic Games. On top of that, the OGOC sent an invoice of 10 000 000 USD to the IOC with an
accompanying email saying this was to cover the additional health measures that the OCOG would have to implement during the 2022 Beijing Olympic Games.
The President is furious. He does not want the dates of the Games to be changed and he is strongly against the ban of American athletes. He also feels that the
invoice related to the additional health measures should be paid by the OCOG and not the IOC. He wants to take the 2022 Olympic Games away from Beijing if
they don’t rectify the situation soon.
Knowing that you are the one who drafted and negotiated the Host City Contract with the OCOG and that you know the Olympic Charter by heart, he asks you to
provide your legal opinion on this situation in a memorandum of maximum 2000 words. Your memorandum should clarify whether the recent actions of the
OCOG were legal (according to the Host City Contract and the Olympic Charter) and it should propose a solution to make sure the OCOG rectifies the situation. If
any communication is to be addressed to the OCOG, you should draft it for the President and include it in your memorandum.

 
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A motorcycle company produces three models: A, B, and C. This month’s master production schedule calls for the production of 42 Model A, 36 Model B, and 30 Model C per 8-hour shift.

a. What average cycle time (in minutes) is required for the assembly line to achieve the production quota in 8 hours? In other words, what is the takt time required for making one motorcycle, assuming all models require the same amount of time _____. I Answer to the nearest 0.01 minutes, but enter only the number.

b. If mixed-model scheduling is used, how many motorcycles (total) will be produced in a batch before the production cycle is repeated? Use the minimum number of each model to make a batch that has the right balance; all batches combined will produce the required number of each model at the end of the shift. One batch will contain total motorcycles. Enter to the nearest whole number of motorcycles, but enter only the number.
 
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