FALL 2011 2011 Deadline: October 26‚ Middle East Technical University – Northern Cyprus Campus BUS 361 Operations Management Homework 1 - Solutions 1. Fruit Computer Company manufactures memory chips in lots of ten chips. From past experience‚ Fruit knows that 80% of all lots contain 10% (1 out of 10) defective chips‚ 20% of all lots contain 50% (5 out of 10) defective chips. If a good batch (that is‚ 10% defective) of chips is sent on to the next stage of production‚ processing costs
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small groups with common purpose‚ set own performance goals and approaches Employee empowerment – approach to teamwork that moves responsibility for decisions further down the organization chart to the level of the employee actually doing the job Continuous Improvement Management’s view of performance standards of the organization The way management views the contribution and role of its workforce (employee involvement and team efforts are the key to improvement) Key Elements of TQM: Quality
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Asia with 1412 stores in 69 countries‚ 324 of them in Spain with the headquarters in La Coru;a. During 2007 it opened 560 stores across the group. Zara is committed to satisfy the desires of its customers by continuously innovating the business operations to improve the experience. The ability to offer new clothes styles faster than its competitors is KEY to Zara’s market position. It offers the latest fashion in medium quality at affordable prices. It has been very successful in doing so with short
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Saint-Gobain Containers Andrew Vaccarezza Ryan Russell 05/17/2007 INTRODUCTION 3 BACKGROUND 3 STUNNING FIGURES 4 OPERATIONS OF THE GLASS MAKING PROCESS 5 RAW MATERIALS 5 MELTING 6 CONDITIONING 6 FORMING 7 ANNEALING 8 INSPECTION 9 PACKAGING 10 CONCLUSION 10 Introduction Saint-Gobain Containers is one of the leading glass packaging companies for the food and beverage industry. Employing over 4‚000 people and having 14 locations in North America‚ Saint-Gobain Containers
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A Project Report On SIMULATION OF DISK SCHEDULING (Using C++ and Graphics) Index ABSTRACT…………………………………………………………………………………… 2 PROBLEM DEFINITION…………..…………………………………………………..….. 3 HARDWARE REQUIREMENT….……………………………………………………….. 4 SOFTWARE REQUIREMENT………………….………………………………………… 5 ALGORITHM EXPLANATION/CONCEPT …………………………………………… 6 PROJECT DIAGRAM …………………………………………………………………….. 7 SAMPLE CODE …………………………………………………………………………….. 9 SCREEN SHOTS ………………………..……………………………………………….
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Why is Operations Management so important in this organisation? In order to define why Operations Management is needed in an organisation knowledge of operations management is required. Operations management is an area of management concerned with overseeing‚ designing‚ and redesigning business operations in the production of goods and/or services. It includes the responsibility of ensuring that business operations are efficient by using as few resources as needed‚ and effective in terms
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Chapter 13 KEY TAKEAWAYS * Money serves three basic functions: 1. Medium of exchange: because you can use it to buy the goods and services you want‚ everyone’s willing to trade things for money. 2. Measure of value: it simplifies the exchange process because it’s a means of indicating how much something costs. 3. Store of value: people are willing to hold onto it because they’re confident that it will keep its value over time. * The government uses two measures to track
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colonize through whatever means necessary. The colonization techniques in North America didn’t differ from those in Latin America. Each individual country felt endowed and felt an obligation to colonize and spread their culture and their ways. The encounter involved a variety of natives. There were nonsedentary‚ semisedentary‚ and sedentary people when it came to their location and how they had adapted to surroundings. The nonsedentary and semisedentary were the natives that resided in the rougher terrained
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Purpose………………………………………………………….3. 3.0) Observation……………………………………………………..4. 4.0) Input………………………………………………………………4. 5.0) Process…………………………………………………………..6. 6.0) Output…………………………………………………………….8. 7.0) Discussion……………………………………………………….9. 8.0) Layout……………………………………………………………13. 9.0) Recommendations…………………………………………….14. 10.0) Conclusion……………………………………………………...15. 11.0) Appendix………………………………………………………...16. 1. Introduction Supermarkets are the alternative to wet markets for fresh food shopping and offer a lot more
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FUNCTIONS OF MANAGEMENT Planning It is the basic function of management. It deals with chalking out a future course of action & deciding in advance the most appropriate course of actions for achievement of pre-determined goals. According to KOONTZ‚ “Planning is deciding in advance - what to do‚ when to do & how to do. It bridges the gap from where we are & where we want to be”. A plan is a future course of actions. It is an exercise in problem solving & decision making. Planning
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