IMPORTANT THEORY QUESTIONS IN OPERATIONS MANAGEMENT 1. Define productivity. How can it be measured? How can the productivity of an organization be increased? 2. What is the transformation process? Explain the transformation process in a restaurant. 3. How is a job shop different from the batch production process? 4. What are the differences between manufacturing and service operations? 5. What are the characteristics of a good product design? 6. What is service capacity? Which strategies
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Operations Management at Agrotech Pvt Limited (Edible Oil Refining) Group Number A8 I P Sudhir Kumar PGP16/002 Jayashree ML PGP16/024 Megha Jain PGP16/031 Pooja Sharma PGP16/036 Neeraj Kumar PGP16/033 Rohit Kumar PGP16/042 Boby Chaitanya V FPM Piyush Kumar FPM Acknowledgement During the term project for Operations
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Exercise 1 page 224 a. Using Maximax‚ the worst payoffs for the alternatives are as follws: Do nothing: $60 thousands Expand: $80 thousands Subcontract: $70 thousands Hence‚ since $80 thousands is the best‚ choose to expand the firms using the maximax strategy b. Using Maximin Do nothing: $50 thousands Expand: $20 thousands Subcontract: $40 thousands Hence‚ since $50 thousands is the best‚ choose to do nothing using the maximin strategy c. Using Laplace For the Laplace criterion
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1. 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? 2. The Wilcox Student Health Center has just implemented a new computer system and service process to \improve e±ciency." As pharmacy manager‚ you are con- cerned about waiting time and its potential impact on college students who \get no respect." All prescriptions (Rxs) go
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Processing waste‚ Waste of motion‚ Waste from rework due to defects. Typical Results from Lean Conversions: Lead Time Reduction‚ Productivity Increase‚ WIP Reduction‚ Quality Improvement‚ Space Utilization. Where has Lean been successfully implemented? Manufacturing: Automotive‚ Industrial Products‚ Furniture‚ Textiles and Apparel‚ Printing and Packaging‚ Consumer Products‚ Service Industries‚ Military‚ Healthcare. The Basic elements of lean production: Increase flexibility-> flexible resources: Multifunctional
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adding up to $50 annual revenue. Today products of The Coca-Cola Company are consumed at the rate of 1.6 billion drinks per day and more. The Coca-Cola Company itself not only is a beverage company for one drink but also engages in the manufacturing‚ marketing and sales of nonalcoholic beverages worldwide. They own and market more than 500 nonalcoholic beverage brands‚ mostly concentrating on sparkling beverages but also drinks such as water‚ juice‚ ready to drink coffee and tea‚ energy drinks
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Poject title “ a study of customer satisfaction towards sevices provided by DCC Bank Narkhed .” 1.1 INTRODUCTION TO STUDY “Bank” Everybody is well versed with the term bank. All the countries of the world are having financial institution called banks. By the word ’bank ’ ‚ one immediately understand that‚ a bank is something which deals with aspects of deposits and giving loans and advances. Banks safeguard money and valuables and provide loans‚ credit‚ and payment services‚ such as checking
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Production & Operations Management What is operation management? What is the role of the Operation Manager? Set of activities that create value in the form of goods and services by transforming inputs into outputs. The role of an operation manager is to design and manage the daily operations and activities in a way that the productivity of the employees raises. It is also their responsibility to ensure that the physical and the human resources of the organization are achieved. He
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SCHOOL MANAGEMENT ISSUES 1.0 Introduction The education system in Malaysia is not excluded for its own problems and issues all this while. Referring to the current issues in our education‚ I would like to point out several issues regarding the system‚ in which I analyzed deeper into several aspects most common in our education nowadays. I looked at this subject matter at the root of the problem – the school system itself. Education cannot be separated from school. Formal education
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Chapter 1 Introduction to Operations Management True/False 1. Operations managers are responsible for assessing consumer wants and needs and selling and promoting the organization’s goods or services. Answer: False Page: 4 Difficulty: Easy 2. Often‚ the collective success or failure of companies’ operations functions will impact the ability of a nation to compete with other nations. Answer: True Page: 4 Difficulty: Easy 3. Companies are either producing
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