Lesson 1. What is Operations Management –Management of the conversion process which transforms inputs such as raw material and labor into outputs in the form of finished goods and services. Historical Development of O.M • Prior to 1900 –Cottage industry produced custom-made goods. –Watt’s steam engine in 1785. –Whitney’s standardized gun parts in 1801. –Industrial Revolution began at mid-century. • Scientific Management (Frederick W. Taylor) –Systematic approach to increasing worker productivity
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School Master of Science in Global Operations ISOM 5700 Operations Management Fall 2014 Instructor: Professor Albert Y. Ha Department of Information System‚ Business Statistics and Operations Management Room 4023‚ LSK Business Building (852) 2358 7724 imayha@ust.hk http://www.bm.ust.hk/~isom/staff/imayha.html Teaching Assistant: Edmond Ho imhcf@ust.hk Course web site: http://lmes2.ust.hk Course Description Operations management is the management of business processes that produce
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EIN 4401 Key to Sample Midterm 2 Closed book‚ Closed notes 1. (20 pts) Consider the following information about a small molding company that subcontracts to major toy manufacturers. A set of jobs‚ whose numbers indicate the order they arrived at the shop and ready to be processed are given below. Job | pi | di | 1 | 8 | 26 | 2 | 12 | 28 | 3 | 6 | 32 | 4 | 10 | 35 | 5 | 3 | 38 | 6 | 11 | 48 | 7 | 9 | 50 | 8 | 11 | 51 | 9 | 13 | 53 | 10 | 7 | 64 | a) Schedule the
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AFM 391 Winter 2011 Intermediate Financial Accounting 2 University of Waterloo Midterm Exam Solutions Professor Khim Kelly Part A 1) B 2) C 3) A 4) D 5) C 6) B Part B 1) D $4‚000‚000 (IFRS is applicable because Street is listed on TSE‚ no agreement was in place at year end). 2) C PV of $8‚000‚000 at 5% for 15 years. 3) D $540‚000 – $435‚000 = $105‚000 ($600‚000 + $72‚000) – $540‚000 = $132‚000. 4) A 5) C = $2.70. 6) B
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Journal of Operations Management 20 (2002) 419–433 Effective case research in operations management: a process perspective I. Stuart∗ ‚ D. McCutcheon‚ R. Handfield‚ R. McLachlin‚ D. Samson Faculty of Business‚ University of Victoria‚ P.O. Box 1700‚ Victoria‚ BC‚ Canada V8W 2Y2 Received 8 August 2001; received in revised form 26 October 2001; accepted 11 March 2002 Abstract Despite many calls for case-based operations management research‚ the successful publication rate of such articles
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Exam Review 1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Each of the following functions are within the framework for Human Resources Management EXCEPT: a. recruitment and selection. b. training and development. c. employee relations. d. employee discipline. 2. Which of the following is NOT a primary impact that technology has had on HRM? a. It has improved the processes of internal and external communications. b. It has altered the methods
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region‚ there are many new buildings to be constructed in coming years and it brings good prospects to our company. However the construction business is also becoming more challenging and competitive. In this respect‚ the way how a company manage its operation has become more important and crucial in order to increase company’s productivity and maintain its competitiveness and profit margins. 2.0 Products And Services Our company specialise in the design‚ supply‚ fabrications and installation of
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Name: ___________________________________ First Midterm Examination Economics 101 October 13‚ 2010 This exam has 33 questions. Unless a question explicitly says otherwise‚ assume that all demand curves slope downward‚ all supply curves slope upward‚ and there are no externalities. True/False. Mark box A for True and box B for False. Each blank answer gives you 1 point. Each correct answer adds 2 points to your score. 1. In the presence of a negative externality in the market for a
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CHEMISTRY 140A NAME (please print) â y MIDTEHM EXAM FrRsT ’ ` LAST OCT 29‚ 2012 Sofomons 10”’ ed (Cp 1 - 4) SIGNATURE v_ _ ID NUMBER g LAST NAME OF PERSON SEAIE’D T0 YOUR RIGHT: __ LAST NAME OF PERSON SEATED T0 YOUR LEFT.’ no NOT OPEN THE EXAM UNTIL You ARE TOLD To Do so. - Please sign your name on the top of pages 1 through 4. - Please check that you have 5 pages (including this one; page 5 is blank for your scratch work). - Answer only in the space provided.
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Chapter 1-17 Operations Management Roberta Russell & Bernard W. Taylor‚ III Organization of This Text: Part I – Operations Management Intro. to Operations and Supply Chain Management: Quality Management: Statistical Quality Control: Product Design: Service Design: Processes and Technology: Facilities: Human Resources: Project Management: Chapter 1 (Slide 5) Chapter 2 (Slide 67) Chapter 3 (Slide 120) Chapter 4 (Slide 186) Chapter 5 (Slide 231) Chapter 6 (Slide 276) Chapter 7 (Slide 321) Chapter
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