(an): a. Explicit cost b. Opportunity cost c. Accounting cost d. Implicit cost 3. In the context of the production possibilities curve‚ opportunity cost is measured in: a. Changing in technology b. Ringgit paid for the goods c. The value of the resources used d. The quantity of other goods given up 4. If an economy is producing at full employment‚ it means that: a. The economy is producing at a point to the left of the production possibilities curve
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Winter / November 2012 Master of Business 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
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stability and standardization to bring about improved safety‚ quality‚ delivery performance and cost control. Why a basis for Lean? Lean Manufacturing is a methodology derived from the Toyota Production System (TPS) which originated in post World War II Japan. It came about when Kiichiro Toyoda and Taiichi Ohno amongst others explored means of making a high variety of quality cars at minimal cost‚ given the lack of capital expenditure available at the time. The fundamental principle of TPS is
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Introduction The popularity of fast food production today is a direct result of busy families. In today’s society both husband and wife usually obtain full-time careers. These careers take up much of the family’s time and energy. Children of these families are usually very active in many extracurricular activities such as‚ Boy Scouts‚ football‚ baseball‚ and basketball. With all of the practice‚ games‚ and outings‚ these activities consume a great amount of the family’s time. In this fast paced
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OVER PRODUCTION Overproduction is producing more or faster than the required demand or speed. It usually starts by getting ahead of the work required. Overproduction is mainly occurred when; Tact time>Cycle time Tact time=(time available)/(customer demand) When the cycle time which is the time taken by the production line to create a unit of product is very much smaller than the tact time‚ the time which is expected to be taken by the production line to meet the demand‚ overproduction is occurred
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Bolt (2) 18‚000 72 360 Table : BOM including Demand per Product Introduction This report offers alternatives to improve the cellular manufacturing process at Spartan. The main focus of the improvements is on lead time reduction. Spartan has recently introduced cell manufacturing to improve the lead time for a family of 4 products. Although the results initially looked promising‚ after several weeks the performance started to decline. At the present time the lead time performance is 8 weeks
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Count: Company Name & Logo: Fyna Foods Production AUSTRALIA Product Name & Logo: Choco Fun Chocolate Executive Summary This final report briefly explains the marketing plan for launching new product in the market named “Choco fun” with a new chocolaty taste but with a different blend of the ingredients in the stuff. The idea of the product has been generated by the renowned confectionary Company name as Fyna Food Production Australia which has a long history of the making chocolates and
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location…………………………………………………………………….. Selection of appropriate labour…………………………………………………………….. Sources of fixed and working capital………………………………………………………. Role of the entrepreneur……………………………………………………………………. Type of production…………………………………………………………………………. Levels of production……………………………………………………………………….. Quality control measures…………………………………………………………………… Use of technology………………………………………………………………………….. Linkages……………………………………………………………………………………. Potential for growth………………………………………………………………………
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TITLE OF PRJECT WORK STUDIES ON THE PRODUCTION OF QUALITY GARMENTS LEATHER FROM CALF SKIN Project Supervisor Prof.Dipl.-Ing. Mathias Paas Faculty of Textile and Clothing Technology Hochschule Niederrhein Mönchengladbach‚ Germany. Participant Md.Saiful Islam Matriculation No-871349 Master Management of Textile Trade and Technology ACKNOWLEDGEMENT The preparation of the garments leather is very interesting and sensitive issue. I tried my best to provide valuable information to
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2.3 Honey Honey has been used by humans over several decades for its nutritive and therapeutic. It has been used as a sweetener and flavoring agent in foods and beverages. The sweetness of honey is due to the different forms of carbohydrate present in honey such as monosaccharides‚ fructose‚ glucose and disaccharides‚ maltose‚ isomaltose‚ maltulose‚ sucrose and turanose (Ayoub Meo et al.‚ 2016). Honey is rich in Vitamin B6‚ Vitamin C‚ trace vitamin B‚ amino acids‚ antioxidants‚ folic acid‚ iron
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