Aggregate Production Plan. CAPACITY PLANNING is a long term strategic decisions that establishes a firm’s overall level of resources. Capacity decisions affect product lead times‚ customer responsiveness‚ operating cost‚ and firm’s ability to compete. Inadequate capacity can lose customers and limit growth. Excess capacity can drain a company’s resources and prevent investments in more lucrative ventures. Critical Decisions are “when to increase capacity and how much to increase capacity”.
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|D |3 | |I |E‚ G‚ H |3 | a. Construct the appropriate network diagram. (10 points) [pic] [pic] b. What is the project completion time? A-C-F-G-I OR A-D-F-G-I =3+4+6+2+3=18 WEEKS c. Suppose you want to shorten the completion time as much as possible‚ and you have the following
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CHAPTER 1- INTRODUCTION 1.1 Introduction to Catchment analysis Catchment analysis is originally a study to identify an ideal location for establishment of a new retail outlet but it can be helpful to identify potential customer base in any geographical area for existing retail outlets. This study includes study about various geo-demographic factors like occupation‚ mother tongue‚ education standard etc. and help in understanding customer preferences‚ accessibility in buying‚ purchase intentions
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OM 1. As a service business‚ the operations management activities of an airline company have nothing in common with the operations management activities within a bicycle manufacturing company. True False 2. Operations managers are responsible for managing systems that produce goods and/or provide services. True False 3. Effectiveness refers to achieving intended goals whereas efficiency refers to minimizing cost and time. True False 4. Operations‚ marketing‚ and finance function
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Business Operations (BIO0230) Assignment 2012/13 Student: Vanessa Sears Student ID: U1176604 Assignment Title: Operations Management Defined and in Context Operations Management has evolved over many years and is now considered a critical function in any business‚ as supported by J.R Meredith‚ “operations is critical to success in today’s economy” ( P35‚ Meredith 1992). Businesses need to have faster production‚ cheaper prices‚ better quality products and fast delivery to be competitive
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within the hospital‚ it would be easier for the management to control the quality of the food‚ and minimizing the risk of contamination from outside. Other than that‚ employees could feel more about the “family” atmosphere if they doing the activity in a same room and doing teamwork. On the other hand‚ if the hospital decides to have the activities done outside the hospital’s area‚ it could save cost and area consumption. The hospital could use the area for cafeteria’s kitchen for other purposes‚ such
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MGMT 405 Operations and Production Management Answer set 2 (Reference chapter 2 – William J. Stevenson-2007‚ ninth edition) Problems and Solutions 1. Suppose that a company produced 300 standard bookcases last week using eight workers and produced 240 standard bookcases this week using six workers. In which was productivity higher? Explain. Ans: Productivitylast week = standard bookcases produced as output / labor= 300/8= 37.8 sbc/worker Productivity this week = standard bookcases produced
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Administration - Semester 2 MB0044 - Production and Operation Management ASSIGNMENT- Set 1 Q1. Explain the basic competitive priorities considered while formulating operations strategy by a firm? Competitiveness is at the core of all strategies. Even among them‚ priorities tend to bring the organisation’s focus on the areas to be dealt with in terms of allocation of resources – people‚ money‚ and time. This means that different functional areas with their own capabilities and constraints have
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Critical Thinking and Sexual Decision PSY/265 January 18‚ 2013 Critical Thinking and Sexual Decision When using value systems for making sexual decisions‚ you are talking about legalism‚ Situational ethics‚ ethical revelation‚ hedonism‚ ascetism‚ utilitarianism and rationalism. Each of these value systems is another way of justifying why you make the decisions you make. According to Rathus‚ Nevid‚ and Fichner-Rathus (2011) legalism is when people base their decisions on an external code of
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Decision making vs. Critical Thinking The relationship between critical thinking and decision-making is much more different than what most people think. Critical thinking is the process by which one evaluates information on a given problem. The process of reaching logical conclusions‚ solving problems‚ analyzing factual information‚ and taking appropriate actions based on the conclusions is called decision making. What is critical thinking? Critical thinking is examining assumptions - not simply
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