QUESTION 1: Exercise 1 A small firm produces two qualities of a product – Standard and De-Luxe. The contribution per unit is £100 for the Standard and £300 for the De-Luxe. Each model requires 1 hour per unit in the machine shop and 40 machining hours are available per week. The Standard model can be assembled and finished in 2.5 hours per unit but the De-Luxe takes 10 hours per unit. There are 200 hours per week available for assembly and finishing. Market research suggests that the maximum
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PROBLEM 1 Project? 1. Unique purpose 2. Life span 3. Uncertainty 4. Primary customer 5. Resources 6. Developed using progressive elaboration Project Life Cycle [pic] Key Project Constraints 1. Scope – objective of project 2. Time - Deadline 3. Cost - Budget 4. Quality – Extent of satisfaction Project Stakeholders Individuals or groups in the organization who have an interest in‚ or will be affected by‚ the project result. E.g. Organiser
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Section 1 (Strategy)-Page 37‚38‚39 QUSETION 1 Average monthly productivity (units/hour) for the month of: |MONTHS |PRODUCTIVITY | |January |2300 / (325*3) = 2.36 | |February |1800/ (200*5) = 1.80 | |March |2800/ (400*4) = 1.75 | |April |3000/ (320*4) = 2.34 | Average Monthly Productivity= (2.36+1.80+1.75+2.34)/4 = 2.06 QUESTION 2 Productivity = sales
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Holly Farm In 2003‚ Charles and Gillian Giles decided to open up their farm to the paying public‚ in response to diminishing profits from their milk and cereal activities. They invested all their savings into building a 40 space car park and an area with spaces for 40 seater buses‚ a safe viewing area for the milking parlour‚ special trailers for passengers to be transported around the farm on guided tours‚ a permanent exhibition of equipment‚ a rare breads paddock‚ a children’s adventure playground
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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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available with the purchase. | How would the information be used within Ford Motor Company? | Within Ford Motor Company‚ once the order is placed‚ I would expect the different departments to have access to that information. Marketing‚ Accounting‚ Operations‚ Finance‚ and Human Resources should all have access to this information in order to plan their activities and do what they need to do to ensure the vehicle inventory is updated‚ costs are documented‚ workers are scheduled‚ and customer is provided
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Southern New Hampshire University | Week 1 Written Assignment | In Partial fulfillment for MS Operations and Project Management | 1-14-2012 | Name and briefly describe the primary goals of a project? According to Figure 1-1 of our text book‚ the three primary goals of a project are: 1) Performance: One has to ask themselves during a project if you have met the objectives of the project. Performance can be measured by evaluating the processes such as scope verification‚ quality planning
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Contents: * Introduction * Literature review: * The ‘four Vs’ of processes * Operations strategy * Operations performance objectives * Operations improvement * Findings * Discussion * Conclusion * Abbreviations * References | Introduction Operation management is changing‚ having increasing importance and central role in today’s businesses‚ effective operation management increases the potential to boost revenues‚ reduce costs and help in providing future competitive
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Understanding Project Management Learning Objectives By the end of this chapter‚ you should be able to: • • focus • • Identify the differences between functional and project management. Explain why project management is necessary in business today. Name the major organizational structures and explain the advantages and disadvantages of each. Identify the requirements of an effective project management system. Many people become project managers by accident. Someone assigns them to manage a project because
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Group 5 Consulting Co. Group 5 Consulting Co. University of New Orleans Project Management 4/23/2012 University of New Orleans Project Management 4/23/2012 Vessel Design Project Management Report Shawn Johnson Tameka Williams Dominic Rodriguez Jahnavi Lakkireddy Vessel Design Project Management Report Shawn Johnson Tameka Williams Dominic Rodriguez Jahnavi Lakkireddy Company Profile Group 5 Consulting Co. is an engineering firm that has dedicated
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