Factor Rating (Facility Location) Example-01 A manufacturer of garments is actively considering five alternative locations for setting up its factory. The locations vary in terms of their advantages to the firm. Hence‚ the firm requires a method of identifying the most appropriate location. Based on a survey of its senior executives‚ the firm has arrived at six factors to be considered for final site selection. The rating of each factor on a scale of 1 to 100 provides this information. Further
Premium Harshad number
What is the maximum number of applications per hour that can be handled by the present configuration of the process? Based upon the present configuration‚ the license renewal department can process 60 applications per hour. As seen in the process map in the attached excel document as well as the flow diagram below‚ the cycle time for the renewal process is driven by the time it takes to complete the bottleneck activity. In this configuration‚ the bottleneck activity is step three as it has the
Premium Harshad number
Exercise 1 page 224 a. Using Maximax‚ the worst payoffs for the alternatives are as follws: Do nothing: $60 thousands Expand: $80 thousands Subcontract: $70 thousands Hence‚ since $80 thousands is the best‚ choose to expand the firms using the maximax strategy b. Using Maximin Do nothing: $50 thousands Expand: $20 thousands Subcontract: $40 thousands Hence‚ since $50 thousands is the best‚ choose to do nothing using the maximin strategy c. Using Laplace For the Laplace criterion
Premium Game theory Expected value 2006 albums
1. A manufacturer’s average work-in-process inventory for a certain part is 1‚000 units. The workstation produces this part at the rate of 200 units per day. What is the average time a unit spends at this workstation? 2. The Wilcox Student Health Center has just implemented a new computer system and service process to \improve e±ciency." As pharmacy manager‚ you are con- cerned about waiting time and its potential impact on college students who \get no respect." All prescriptions (Rxs) go
Premium Hospital Physician Flowchart
There is a very famous saying by Benjamin Franklin‚ “If you fail to plan‚ you are planning to fail”. Strategic Operations Management acts on this by giving the organization a sense of direction‚ motivation and unity among people in working towards the overall mission and vision. In this paper‚ the aim will be to find out if strategic operations management is important for an organizations overall development. The answer can be a “yes” or a “no” depending on how one perceives the issue and understands
Premium Management Strategic management Strategic planning
Executive Summary: Operations and processes are the activities of each organisation that drive their output. This assignment examines the operation and processes of the IT services of a semi-government organisation. It demonstrates the current state of the operations and provides comprehensive analysis of its processes. It demonstrates how the operations performance impacts the strategic outcomes of the organisation. The study further provides insights in the operations supply network configuration
Premium Management Operations management Systems theory
1. Why should one study operations management? Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. • Operations Management is one of the three major functions of any organization‚ and it is generally related to all the other business functions. All organizations market (sell)‚ finance (account)‚ and produce (operate)‚ and it is important to know how the Operations Management activity functions. Therefore‚ we study
Premium Management Productivity
and are responsible for all aspects of the day-to-day operations. The Terminal Operation Managers are responsible for the manpower planning and actual running of the shifts‚ and they report directly to you. You are currently working from 4 p.m. until 2 a.m.‚ your Terminal Operations Manager is currently working from 8 p.m. until 8 a.m. The operations manager coning in on this particular evening‚ Rick Raleigh‚ is regarded as the best operations manager at the terminal and gets along great with all
Premium Management Operations management
customers throughout Australia. New deciding how to plan‚ promote and coupons so that people would like to eat more. 1.2.1 Facilitators – ashish (CEO) Operation manager- happy Marketing manager-munish National consultant- aarti Secretary – dennis (Time keeper) Minute taker - saif 1.2.2 CEO of the company‚ Ashish is an overview of the happy (Operations Manager Mc Donald) to describe menu Munish (Marketing Manager) will discuss how existing company resources can be used. Aarti in marketing the new menu
Premium Management Marketing Operations management
well as employ various forms of operations management concepts to improve the effectiveness and efficiency of hospitality service operations. This essay aims to discuss various service operations concepts that are currently applied in the industry to increase efficiency and effectiveness of the service process which will benefit hospitality firms in view of the economic challenges faced today. Demand and capacity management Demand and capacity management has always been an issue for service-oriented
Premium Marketing Service system Customer service