Homework Assignment #3 : Quantitative Problem Set 2 Group 6 Q 7.3(Car Rental Company) m= 50 | (hour) | a | 2.4 | CVa | 1.000 | p | 72.0 | CVp | 0.333 | a. The average number of SUVs parked = 50cars × (1 – 60%) = 20cars * Utilization = p / ( a × m) = 72.0 / (2.4 × 50) = 60% b. 1) Analysis of process : a. Calculate Utilization b. Calculate Revenue 2) The daily revenue of this company increase from 2‚400 to 2‚640. (Revenue increases about 240)
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A. Why does the "proper" operation strategy keep changing for A. companies that are world-class competitors? The world is evolving every day and is at a constant change or upgrade. So it only makes sense that the “proper ” operation strategy will also evolve and change over time‚ otherwise your corporation could easily get run over by the competition and transforming market. As a company it ’s important to position yourself with your product or service in the market‚ whether it would be high
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MODULE TITLE: OPERATIONS MANAGEMENT Hand in date: 6pm Thursday 10th December Alternative Assessment 2‚500 words Report question The aim of the JIT methodology may be deemed to meet demand instantaneously‚ with perfect quality and no waste’. So runs one definition of JIT. Your task is to evaluate the requirements and objectives of a JIT operation and analyse the potential benefits and drawbacks when deciding to apply the JIT methodology to the following operation: A restaurant
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B2B‚ 2 businesses are collaborating to generate funds‚ while in B2C‚ Lycra is making up its own market of consumers to generate revenues and to maintain its brand image and there is a basic buyer seller relationship between Lycra and consumer. 3. What type of buying situation occurs when Liz Claiborne wants to team with DuPont to obtain Lycra for the Liz and Lycra line? When Liz is teaming up with Dupont to
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Unit 1 DB March 21‚ 2012 First of all‚ what is “Global Management”? Well according to Heizer & Render (2012) the term refers to the process of scheming and operating a system that is diversified enough to work around the world and it is used to maintain a competitive advantage (Heizer & Render‚ 2012). Some companies that I believe to practice this approach is UPS‚ Wal-Mart‚ McDonalds‚ and Starbucks. Each of these companies demonstrate a global management approach because they operate
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open for four hours each night? Throughout rate= 6/hour 6 orders x 4 hours = 24 orders Therefore Kristen can fill 24 orders each night. 3. How long will it take her to fill a rush order? A ‘rush’ order will still take 26min as this is how long the operations time is. None of the processes can be eliminated with rush orders therefore the operations time cannot be minimized. 4. How busy (utilization) will she be? With processing 24 orders each night over four hours‚ Kristen will be fully
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Q1: A manufacturer’s average work-in-process inventory for a certain part is 1‚000 units. The workstation produces this part at the rate of 200 units per day. What is the average time a unit spends at this workstation? Inventory‚ ‚ Throughput‚ . Thus‚ Flow time‚ . A unit spends an average time of 5 days at this workstation. Q2: The Wilcox Student Health Center has just implemented a new computer system and service process to “improve efficiency.” As pharmacy manager‚ you are concerned
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|(inches) | | |1 |3.25 |0.71 |13 |3.11 |0.85 | |2 |3.10 |1.18 |14 |2.83 |1.31 | |3 |3.22 |1.43 |15 |3.12 |1.06 | |4 |3.39 |1.26 |16 |2.84 |0.50 | |5 |3.07 |1.17
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An operation is composed of processes designed to add value by transforming inputs into useful outputs. Inputs may be materials‚ labor‚ energy‚ and capital equipment. Output may be a physical product or a service. A metric used to measure the rate at which potential output levels are being met or used. Displayed as a percentage‚ capacity utilization levels give insight into the overall slack that is in the economy or a firm at a given point in time. Using the data provided in the case‚ we are able
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Internship Report On “HRM Practices in PRAN-RFL GROUP” Prepared for Md. Rakibul Haque Assistant Professor Department of Business Administration Dhaka International University. Prepared By Abu Mohammad Motasim Reza Roll: 38 EMBA program 29th Batch (4th Semester) Department of Business Administration Dhaka International University. Dhaka International University. Letter of Transmittal 10th October 2012 Md. Rakibul Haque Assistant Professor
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