Monday 17 December 2012. Topic: Romance _________________________________________________ 1) They really do make the perfect couple. I’ve never known two people who get on so well.--- 2) I’ve heard their marriage is on the rocks. and they’re getting divorced.---have difficulties 3) It’s a match made in Haven And to think they first got together on an Internet dating agency! ----a perfect combination of two people or things _________________________________________________ Tuesday 18 December
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ADVANCED TOPICS IN MANAGEMNET MANAGEMENT OF KNOWLEDGE Case Study - LVMH February 2012 REVIEW OF SECTOR SPECIFIC FACTORS LVMH is the largest luxury goods conglomerate in the world‚ with a portfolio of around 50 brands known the world over. LVMH (despite the ordering of the initials‚ the fashionable firm’s full name is officially Mo Hennessy-Louis Vuitton) is active in all the essentials. The LVMH Group is organized in five main branches: wines and spirits‚ fashion and leather goods‚ perfumes
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Abstract Managing operations in both manufacturing and service organizations have evolved tremendously over the years with the change in market requirements. The market has become global‚ thereby compelling enterprise operations to keep up. The application of information technology/information systems (IT/IS) and outsourcing in managing operations have significantly altered the landscape of operations management (OM) strategies‚ techniques‚ and technologies. Consciousness towards environmental and
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should consider a centralized materials management system to study‚ calculate and make the decisions on what will be bought for each of the 4 dealerships instead of allowing each dealer to do this on their own. By buying their parts in a higher volume (one central order for all four dealerships) they can negotiate a better price. This would facilitate greater leveraging with suppliers for consistent quality-control. ❖ An EDI inventory management system that interconnects the main shop
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|Midterm Example Test v2 | | 1. A manufacturing firm is considering three alternatives for automation. They anticipate annual production volume to be 75‚000 units. The costs for each alternative are as shown: | |Alternative | | |1 |2 |3 | |Annual Fixed Costs |60‚000 |$180‚000 |$300‚000 | |Variable Cost/Unit |$0.65 |$0
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Multifactor productivity (total factor) = ductivity) qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqOutputLabor+Material+Energy+Capital+Miscellaneous (1-2) CHAPTER 7: Value-added time = Operation time/total time (H-B) SUPPLEMENT 7: Utilization = Actual OutputDesign Capacity (S7-1) Efficiency = Actual OutputEffective Capacity (S7-2) Actual (Expected) output = (Effective Capacity)×(Efficiency) (S7-3) Break-even Analysis Notation:
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ASSIGNMENT TOPIC 2: MANAGEMENT GURUS 1. Frederick Winslow Taylor: (1856-1915) Frederick Winslow Taylor was an American industrial engineer‚ who originated scientific management in business. He was born in Germantown (now part of Philadelphia)‚ Pennsylvania. In 1878‚ he began working at the Midvale Steel Company. He became foreman of the steel plant and applied himself to studies in the measurement of industrial productivity. Taylor developed detailed systems intended to gain maximum efficiency
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Semester II Examination Papers IIBM Institute of Business Management Semester-II Examination Paper MM.100 Production and Operation Management Section A: Objective Type (30 marks) • • • This section consists of Multiple choice questions & Short Notes type questions. Answer all the questions. Part One questions carry 1 mark each & Part Two questions carry 5 marks each. Part One: Multiple choices: 1. If the number of restrictions on sources be ‘a’ and the number of restrictions
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IDS 355 Introduction to Operations Management Fall 2012 INSTRUCTOR: Prof. Aris Ouksel Office: UH 2411 Phone: 312-996-0771 E-mail: aris@uic.edu Office Hours: By appointment in UH 2411 INSTRUCTOR: Prof. Doug Lundquist Office: UH 2320 Phone: E-mail: dlundq1@uic.edu Office Hours: By appointment in UH 2320 TAs/INSTRUCTORS FOR LAB SECTIONS: TA/Instructor: Tapas Patil E-mail: tpatil4@uic.edu Office Hours: by appointment
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Role of Operations Management Operations management is the design operations and improvement of systems that create and deliver a company’s products and services. In other words‚ “is the process of taking input such as raw material and component and turning it in to out put by adding values” (Shaikh‚ 2010). Any activity that relates to the management of the entire business process that produces goods and services falls into the operations category. Competition among today’s organizations has
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