OPERATIONS MANAGEMENT 1. Supplier Us Customer Raw materials Transforming Work in progress inventory Transformation Finished goods inventory Customer Codex 25000D1‚ 18 dollars (Notes and Problems). Assignment 1‚ 2 make for 15%. Midterm make for 35% and the Assignment 3 for 10%. Finals make up for 40%. Assignments handed in at the beginning of sessions 5‚ 7 and 12. Value added: Inputs Transformation process Outputs. How do we increase value to the product. A lot of things
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IDS 355 Introduction to Operations Management Fall 2012 INSTRUCTOR: Prof. Aris Ouksel Office: UH 2411 Phone: 312-996-0771 E-mail: aris@uic.edu Office Hours: By appointment in UH 2411 INSTRUCTOR: Prof. Doug Lundquist Office: UH 2320 Phone: E-mail: dlundq1@uic.edu Office Hours: By appointment in UH 2320 TAs/INSTRUCTORS FOR LAB SECTIONS: TA/Instructor: Tapas Patil E-mail: tpatil4@uic.edu Office Hours: by appointment
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QM 300 Midterm Part I 1. Project management: a) Is the planning‚ scheduling and controlling of project tasks to meet objectives. b) Is used primarily in construction and public works. c) Requires less communication than ongoing process management. d) Focuses on well-understood‚ unambiguous tasks and relationships. Using the following project‚ with activity times estimate in days and a critical path of CH-J-K‚ to answer the next 3 questions: Activity A B C D E F G H I J K Immediate Predecessor
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In order for Peter to achieve his objectives for purchasing and inventory management we must closely study the issues of inventory level review‚ holding costs and safety stock. Holding cost is money spent to keep and maintain a stock of goods in storage. It is largely recognised that a healthy holding stock figure is between 25% and 33.33% of material costs. Peter has holding costs of 21% which is just touching on a fifth of Danker’s materials cost. Now we could take this to mean that Peter therefore
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Economic Simulation Isaac Newton’s third law of motion states‚ “That for every action there is an equal and opposite reaction. This is also true for economics. The action and reaction of supply and demand is best if allowed to be naturally forming. This enables Microeconomics and Macroeconomics to balance and stay stable. This essay will discuss the effect of supply and demand based off the data from the economic computer simulation from class. Microeconomics The simulation implemented different
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the health and safety of ourselves and others. The law then forces the employer to provide a safe work place for you and other workers. He must ensure that the health and safety of his staff and customers is not placed at risk and by how business operations are conducted. He must than encourage employees to work for a healthier and safer environment. This is achieved by 1. Open communication between both parties. 2. Attending team meetings 3. Training and induction sessions 4. Reading
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Homework Assignment 2 Solution Question 1: (True / False) (20 Points) Answer this question in a table with the question number and the selected answer (True or False) in separate columns as shown below. Question Number Answer 1 2 … 10 Grading 2 points each 1- The feasible solution space only contains points that satisfy all constraints. 2- Graphical solution to linear programming problems can handle problems that involve any number of decision variables. 3- The
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in sustainable ways‚ they help protect the environment‚ traditions and culture of the places their clients visit. Project Objective The main objective of the project is to determine the day to day operations of Kings Travel Agency. It determines the effectiveness and efficiency of the management and the employees and gives an overview of their mission and strategies. It gives the Macro and Micro Analysis‚ SWOT analysis‚ Their Current and Future Objectives. It also gives a look into marketing communications
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Chapter 1: Types of Simulation Contents Introduction ................................................................................................................................ 2 The Basic Simulation Process................................................................................................... 2 Figure 1.01: Basic Simulation Process............................................................................ 2 Figure 1.02: Decision Cycle.........................................
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Shaw‚ Stepehn. Airline Marketing and Management (7th Edition). : Ashgate Publishing Group‚ . p 16 http://site.ebrary.com/id/10470883?ppg=16 Copyright © Ashgate Publishing Group. . All rights reserved. May not be reproduced in any form without permission from the publisher‚ except fair uses permitted under U.S. or applicable copyright law. Shaw‚ Stepehn. Airline Marketing and Management (7th Edition). : Ashgate Publishing Group‚ . p 17 http://site.ebrary.com/id/10470883?ppg=17 Copyright
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