The Importance of Transport in Location Selection The location of economic activities is fundamentally based on geographical concepts of the site and its situation. The site relates to the characteristics of a specific location while the situation concerns the relationships of a location in relation to other locations. Historically‚ specific sites suitable for defense or commerce have been important factors in the location of cities. In addition to being a factor of spatial organization‚ transportation
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Product Design The products that will be made out of the given components are corrective lenses for eyeglasses. The product will have the following features: a. Corrects near-sightedness or far-sightedness‚ whichever may be the case‚ through varying curvatures of the lenses‚ for different grades b. May be rectangular or circular in overall shape c. Around 1.5 inches in length‚ 1 inch in width d. Clear and transparent‚ not dark Considering that the finished goods (lenses) are very
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factor for the economic growth of any nation. Bangladesh‚ though it is a small country of about 143‚998 sq km‚ has a number of mineral resources within its territory. The mineral resources so far discovered are mineral fuels (oil‚ gas‚ coal‚ peat)‚ hard rock‚ limestone‚ white clay‚ glass sand and heavy mineral sands. It was previously assumed that the geological setting of Bangladesh was more suitable for hydrocarbon accumulation than for any other mineral deposits as the greater part of Bangladesh is
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Chapter 10 1. Define capacity including the two ways it can be viewed. Provide an example of each way. Capacity is the capability of a manufacturing or service resource such as a facility‚ process‚ workstation‚ or piece of equipment to accomplish its purpose over a specific time period. Capacity can be viewed at the maximum rate of output per unit of time or as units of resource availability. Automobile plant is an example of capacity at the maximum rate of per unit of time and a hospital
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Forecasting Forecast can help managers by reducing some of the uncertainty‚ thereby enabling them to develop more meaningful plans than they might otherwise. A forecast is a statement about the future. Features common to all forecasts 1. The same underlying causal system that existed in the past will continue to exist in the future. 2. Forecasts are rarely perfect; actual results usually differ from predicted values. 3. Forecasts for groups of items tend to be more accurate than forecasts
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Operations management and operations strategy are two very important undertakings for any company that is involved in the production of products and services. This is because operations management ensures that raw materials are successfully converted to finished goods‚ while operations strategy makes sure that whichever goods or services produced have a competitive advantage over similar products offered by rival companies. It is from the business strategy that the operations strategy is derived
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Question: How does Operations and Supply Chain Mgmt enhance company profitability? 1. Content 2. Charts and Graphs 3. Evidence to support your position 4. Examples that highlight your conclusion Table of Contents: I. Executive Summary…………………………………………………………………………………………………………………….2 II. Operations Management and Profitability………………………………………………………………………………….3 III. Supply Chain Management and Profitability……………………………………………………………………………….5 IV. Examples/Case Studies………………………………………………………………………………………………………………
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Expand | 30 | 0 | 30 | Subcontract | 10 | 10 | 10 | The best of these worst regrets would be chosen using minimax regret. The lowest regret is 10‚ which is for a subcontract facility. Hence‚ that alternative would be chosen. Exercise 2 page 224 a. Determine the expected profit of each alternative. EP Do nothing = 0.3x50+0.7x60 =$57 EP Expand = 0.3x20+0.7x80 =$62 EP Subcontract = 0.3x40+0.7x70 =$61 b. Analyze the problem using a decision tree. c. Compute the expected value
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Narrative Essay "Anger Management" I hear some people say that they got so angry they lost control and didn’t know what they were doing. I often wondered what that must be like. I‚ being a very passive person‚ have never lost control when I’ve become angered. I’ve always had total awareness of my situation. In the movie "Anger Management"‚ Jack Nicholson so nicely stated: "Your temper is the one thing you can’t get rid of by losing it" I’ve probably come close at times‚ but never gone
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say which activities are critical. 3 0 5 8 3 5 10 18 10 10 18 C(2) 8 18 22 23 27 G(4) E(8) A(3) 18 0 0 B(4) 4 4 4 4 18 10 10 10 11 D(6) 17 18 27 27 H(9) F(7) ES EF LS LF A B C D E F G H ES 0 0 3 4 10 10 18 18 EF 3 4 5 10 18 17 22 27 Critical activities: B‚D‚E‚H LS 5 0 8 4 10 11 23 18 LF 8 4 10 10 18 18 27 27 Slack 5 0 5 0 0 1 5 0 d) What
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