FALL 2011 2011 Deadline: October 26‚ Middle East Technical University – Northern Cyprus Campus BUS 361 Operations Management Homework 1 - Solutions 1. Fruit Computer Company manufactures memory chips in lots of ten chips. From past experience‚ Fruit knows that 80% of all lots contain 10% (1 out of 10) defective chips‚ 20% of all lots contain 50% (5 out of 10) defective chips. If a good batch (that is‚ 10% defective) of chips is sent on to the next stage of production‚ processing costs
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Dick Spencer Case Analysis Jeremy G. McConnell Texas A & M University – Commerce September 5‚ 2011 Dick Spencer Case Analysis Dick Spencer‚ a successful salesman within the Tri-American Corporation has decided to move his career to another level and take on the challenges of joining the management ranks. While Dick Spencer was a very effective salesman he soon found out that being a manager meant more than just walking around telling others what to do. In this case analysis four key issues
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Thiago DeSouza Homework Assignment 1 ISOM 319: Operations Management Problem 1: 1. Input: Warehouse worker(s)‚ package item(s)‚ transportation vehicle‚ transportation pilots/drivers‚ and information for best method of travel. Transformation: Care for package(s)‚ maintain client(s) informed‚ and transport package(s). Output: Transported package(s) and correct location and time of arrival. 2. Input: Idea development‚ financial backing‚ engineers‚ blueprint(s) design‚ prototype(s) creation‚ and
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MB0044 – Production & Operations Management Q.1. what do you understand by Vendor-managed Inventory (VMI)? Ans. Vendor managed inventory: The very purpose of JIT is to reduce Inventory at all places in the supply chain. Inventory is considered a waste because Inventory is created by using materials‚ machines and efforts of persons. All of these Are resources which have already been used up and that portion of it which is not Consumed and sent up the value chain causes a drag on the system
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Introduction: Now a days Garments sector is one of the most demandable industries in the world. Most of the countries are related now in Garments sector including Bangladesh. And Bangladesh is competing with others in the world market. There are lots of companies established in Bangladesh for Exporting the Garments products. The Mostafa Garments Industries Ltd. Is one of the Leading company in Bangladesh. They Export there products in America‚ EU countries‚ Japan and Chaina Market. They supply
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Being in the right location is a key ingredient in a business ’s success. If a company selects the wrong location‚ it may have adequate access to customers‚ workers‚ transportation‚ materials‚ and so on. Consequently‚ location often plays a significant role in a company ’s profit and overall success. A location strategy is a plan for obtaining the optimal location for a company by identifying company needs and objectives‚ and searching for locations with offerings that are compatible with these needs
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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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centralized or on-site location 4. Whether to inspect attributes or variables * How Much to Inspect? * Typical Inspection Points: * Raw materials and purchased parts * Finished products * Before a costly operation * Before an irreversible process * Before a covering process * Effects on cost and level of disruption are a major issue in selecting centralized vs. on-site inspection * Centralized * Specialized tests that
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OPERATIONS MANAGEMENT MGCR 472 ASSIGNMENT # 1 (Total 100 points) Due on 7th October (Thursday) by 5pm Make sure to write the name‚ student # and section # for each student in the group on the cover page of the assignment 1. Suppose you/your group is the owner of a company that produces e-readers. The present production rate is 1000 e-readers /day and the selling price is $210/unit. It requires 200 workers working 8 hours/day to produce the e-readers and they are paid $20/hour. The material
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Best Practices Dell - Dell Chemicals Management Program Dell‚ one of the major computer makers in the world‚ has responded proactively and systematically to both increasing global legislative on the use and management of hazardous substances and increasing consumer awareness. Dell’s Chemicals Management Program not only complies with upcoming as well as existing legal requirements but also meets key stakeholders requirements‚ which often turn out to be tougher than the legal standards. Dell’s
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