|STAT 2800: doING bUSINESS IN eUROPE | |Operations Management | |Nordea v. Honka | |
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OPERATIONS MANAGEMENT 2 This assignment will define operations management and explore the various bodies of knowledge and practices that have led to operations management as it is currently known today. Additionally‚ this paper will focus on topic areas such as supply chain management‚ total quality
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TABLE OF CONTENTS: I. Abstract……………………………………………………………………………………………….1 II. Introduction…………………………………………………………………………………………2 III. Literature Review…………………………………………………………………………………4 IV. Methodology 1. Analytical Hierarchy Process……………………………………………………...6 2. Goal Programming……………………………………………………………………..8 3. Integrated Analytical Hierarchy Process - Goal Programming………9 V. Formulation 1. Deriving AHP weights………………………………………………………………10 2. Decision variables……………………………………………………………………13 3. Constrains………………………………………………………………………………14
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Operation Overlord On June 6‚ 1944 the largest amphibious assault in history took place. On the morning of the Invasion of Normandy‚ beaches in the area of Cotentin‚ France‚ were bombarded with over 5‚000 tons of bombs‚ destroying German defenses and de-mining many areas. Following the bombardment over 100‚000 soldiers swam ashore‚ and 11‚700 paratroopers were dropped to secure Normandy Beach. After two months of battle‚ Allied troops marched into Normandy on August 24th‚ 1944. The Invasion of Normandy
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PROBLEMS 1. Lead time for one of Montegut Manufacturing’s fastest moving products is 4 days. Demand during this period averages 100 units per day. What would be an appropriate re-order point? Re-order point = demand during lead time = 100 units/day * 4 days = 400 units. 2. Montegut Manufacturing produces a product for which the annual demand is 10‚000 units. Production averages 100 per day‚ while demand is 40 per day. Holding costs are $1.00 per unit per year; set-up costs $200.00
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Challenges of Operation Manager There are many challenges faced by operation managers in the field of operation management. Operation managers should equip him or her with varies issues and knowledge cross all the business function‚ not just the operation. To be a good operation manager‚ they must be able to understand the whole business flows‚ the products‚ the customers‚ the operation‚ the people and the technology. Understanding of various issue can made them deal better with various support
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Contents: * Introduction * Literature review: * The ‘four Vs’ of processes * Operations strategy * Operations performance objectives * Operations improvement * Findings * Discussion * Conclusion * Abbreviations * References | Introduction Operation management is changing‚ having increasing importance and central role in today’s businesses‚ effective operation management increases the potential to boost revenues‚ reduce costs and help in providing future competitive
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Operations Management in Business Table of Contents Introduction..............................................................................................................................3 LO 1 LO1.1 Explain the importance of operational management.......................................................4 LO1.2 Explain the need to produce safely; on time; to cost; to quality and within the law......6 LO1.3 Explain the link between operations management and strategic planning...........
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CHAPTER 1: INTRODUCTION TO OPERATIONS RESEARCH (OR) 1.1 INTRODUCTION Operation Research‚ an approach to decision making based on the scientific method‚ makes extensive use of quantitative approaches to decision making. In addition to operation research‚ two other widely known and accepted names are management sciences and decision science interchangeably. The scientific management revolution of the early 1900s‚ initiated by Frederic W. Taylor‚ provided the foundation for the use of quantitative
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Production and Operation Management Cheng Guoping Chapter 1 Introduction 1. Production System 2. Production and operations in the organization 3. Function and jobs of POM 4. Decision Making in POM 5. The emergence of production and operation management 1. Production System Production and operation management (POM) is the management of an organization ’s production system‚ which converts input into the organization ’s products and services. 1.1 Production system model Inputs
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