Introduction to Optimization Linear Programming 1. If an LP model has more than one optimal solution it has an infinite number of alternate optimal solutions. In Figure 2.8‚ the two extreme points at (122‚ 78) and (174‚ 0) are alternate optimal solutions‚ but there are an infinite number of alternate optimal solutions along the edge connecting these extreme points. This is true of all LP models with alternate optimal solutions. 2. There is no guarantee that the optimal solution to an LP problem
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UNIT 10 – QUALITY QUESTIONS 1. What does it mean by “Quality” and “ Quality Control”? 2. What should companies do to maintain the quality of their products/services effectively? 3. What do you think about the quality of Vietnamese products? What should companies do to enhance their competitiveness in competition? ANSWERS 1. The definition of quality depends on the different circumstances and perceptions. The meaning of quality is also time-based or situational. a. The definition
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Quality Management for Organizational Excellence: Total Quality Pioneers In this paper‚ Philip Crosby will be discussed as one of the pioneers of total quality. Quality will be defined and also total quality will be discussed about how each contributed to Philip Crosby’s success. Additionally‚ it will be explained why quality is useful in today’s business environment. Quality and Total Quality Defined In today’s world the majority of consumers require their products and services have quality
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In the journey‚ the importance of the hero’s traits will be measure to Odysseus’s success. Odysseus needs to have the courage‚intelligence‚ and kindness to survive this adventure‚he must go to the depths of hell just to return home. Odysseus has been a hero in the story making him a strong willed character with the intelligence and courage to succeed. Odysseus has the courage to face the large Cyclops. Odysseus said “I’ll make my own crossing in my own ship‚with my own company¨(73). Odysseus wanted
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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL SUBJECT: TOTAL QUALITY MANAGEMENT N.B.: 1) Attempt any 4 Cases. Total Marks : 80 CASE - 1 Merrill Lynch Credit Corporation (MLCC) offers real estate and securities-based consumer credit products-including home financing‚ personal credit‚ investment financing‚ and commercial real-estate financing-to primarily affluent individuals. About 90percent of its approximately 830 employees
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Business Management IIBM Institute of Business Management Examination Paper MM.100 Statistical Quality Control Section A: Objective Type (30 marks) · This section consists of Multiple choice questions & Short Answer type questions. · Answer all the questions. · Part One questions carry 1 mark each & Part Two questions carry 4 marks each. Part One: Multiple choices: 1. If in a hall there are 18 persons then how many handshakes are possible? a. 18*18 b. 18*17/2 c. 18*17 d. None of the above 2. If the number
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be obtained by other processes. Quality planning of each process represents an important activity in assuring the unimproved quality of the final products. QFD (Quality Function Deployment) is an important tool in production planning‚ which starts with identifying the customer requirements and prioritization of the steps to be achieved in getting the desired demands. QFD method is recommended to be used for strategic deployment of the aims which refer to product and company market‚ starting with
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CHAPTER 1 WHAT IS TOTAL QUALITY MANAGEMENT? An organization planning the implementation of Total Quality Management (TQM) is about to embark on the challenge and opportunity of a lifetime. This adventure must surely change the organization. Total Quality Management can be the answer to both the customer’s plea for improved products and services and the organization’s quality and productivity problems. This chapter sets the stage for the conceptual understanding that is required before starting
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Issue paper one: Productivity and Quality Management Executive Report Prepared by G.Y. Attanayake MBA/2003/1448 Course : MBA 501 Managing Business Operations Dr. Travis Perera and Mr. A.K.L Jayawardana July‚ 2003 POSTGRADUATE INSTITUTE OF MANAGEMENT University of Sri Jayewardenepura TABLE OF CONTENTS PAGE NO. EXECUTIVE SUMMERY 4 1.0 INTRODUCTION 5 1.1 MEASURING PRODUCTIVITY IN THE MANUFACTURING AND SERVICE SECTORS 1.1.1 Productivity Defined and Explained 5 1.1.1.1 Why Productivity
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Total quality management or TQM is defined as a form of management that ensures that every element of the business is contributing to the overall total effort of a business of achieving the highest quality levels in the delivery of its products and services. This type of management’s goal is to assure that everything that is produced has meet very high standards. In this paper I will discuss the history of Total Quality Management‚ the philosophy of Total Quality Management (Fourteen Points)‚ and
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