Introduction to Operations Management Learning Objectives * Define the term operations management * Identify the three major functional areas of organizations and describe how they interrelate * Compare and contrast service and manufacturing operations * Describe the operations function and the nature of the operations manager’s job * Differentiate between design and operation of production systems * Describe the key aspects of operations management
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Introduction Hospital Corporation of America (HCA) is a proprietary hospital management company. The company has been following an acquisitive strategy by taking over hospital companies and not-for-profit hospitals. The firm is also considering expanding into new health service areas like home health care and outpatient surgery. The company is at a crossroads with regard to its financial goals; HCA currently faces the likelihood of adverse changes to the Medicare/Medicaid policy which could strain
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OPERATIONS STRATEGY Instructor: Gad Allon Contact: g-‐‑allon@kellogg.northwestern.edu Class 1 Description Framework for operations strategy Tailoring operations strategy Investor/External view of operations: - Operations Forensics - Linking to Financials (ROIC tree) Asset strategy‚ operational hedging and risk mgmt. Sourcing strategy: Global networks and offshoring Strategic sourcing and supplier relations Reading
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Sub- Centres. b) Hospitals/Health Centres Community Health Centres. Rural hospitals. District hospitals. Teaching hospitals. Specialist hospitals. c) Health Insurance Schemes Employees States Insurance Scheme (ESIS). Central Government Health Scheme (CGHS). d) Other agencies Defence. Railways. 2. PRIVATE SECTOR a) Private hospitals‚ polyclinics‚ dispensaries and nursing homes. b) General Practitioners and Clinics‚ Private hospital includes hospitals run on profit basis‚ no
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February 2006 Pairs Trading: Performance of a Relative Value Arbitrage Rule Evan Gatev‚ Boston College William N. Goetzmann‚ Yale School of Management‚ International Center for Finance K. Geert Rouwenhorst‚ Yale School of Management‚ International Center for Finance This paper can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=141615 Pairs Trading: Performance of a Relative Value Arbitrage Rule Evan Gatev Assistant
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Operations management refers to the complex set of management activities involved in planning organizing leading‚ and controlling an organization’s operations. At one time‚ operations management was considered the backwater of management activities – a dirty‚ drab necessity. This view has changed in recent years‚ as more and more managers realize how operations can be a “beehive” of activity with major financial consequences for any organization. For instance‚ to support the work of Johns Hopkins
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Weber v. New York Columbia Presbyterian Hospital: A story of change Lesa Gray National American University Abstract In this paper we will review the medical malpractice case filed with the Brooklyn Supreme Court‚ Weber v. New York Columbia Presbyterian Hospital. I will discuss how this case is more than a medical malpractice case‚ that it is a case about change and how one father vows to change the way health care is carried out. I will also discuss the possible outcomes in this
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RUNNING HEAD: CURRENT LABILITIES Current Liabilities Week 3 Assignment Beverly Clarkson November 23‚ 2014 Daniel Carraher RUNNING HEAD: CURRENT LIABILITIES
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Treaty background information The Antarctic treaty was signed on the 1st December 1959 in Washington. It was originally signed by 12 nations. These 12 nations are the nations that are consulted at all decisions. More nations were added to the treaty as time progressed and the treaty was put in action on 23rd June 1961. What does the treaty cover? The 1961 treaty covers 5 key areas which are very important. They are; - Countries that sign up are allowed to carry out scientific experiments but
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According to the case‚ KPMG’s audit clients in the mortgage industry included the largest subprime lenders such as Country wide‚ HSBC‚ New Century and Wells Fargo. This gives KPMG advantages because‚ first of all‚ they have enough experience‚ knowledge‚ and skills to audit those types of companies properly. However‚ as auditors worked on the same type of companies over and over again‚ they might lose their attitude of skepticism towards their clients because they get familiarized with them. The
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