end-products. It consists of two sectors: the primary processing sector‚ comprising spinning‚ twisting‚ weaving‚ knitting‚ dyeing and finishing; and the secondary processing sector‚ comprising the manufacturing of apparel and textile end products. The Philippine apparel manufacturing industry began in the late 1950s as a cottage industry that took over home sewing‚ dressmaking and tailoring activities. The Philippine Department of Trade and Industry’s (DTI’s) Garments and Textile Industry Development
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What is the maximum number of applications per hour that can be handled by the present configuration of the process? Based upon the present configuration‚ the license renewal department can process 60 applications per hour. As seen in the process map in the attached excel document as well as the flow diagram below‚ the cycle time for the renewal process is driven by the time it takes to complete the bottleneck activity. In this configuration‚ the bottleneck activity is step three as it has the
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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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OPERATION MANAGEMENT Operation management is concerned with the bunch of activities that design and produces goods or services by the input-transformation-output process. (Slack 2001) Operation management can also be defined as the process of transforming different resources or inputs (labour‚ capital‚ machinery‚ land and buildings‚ materials and information) that are used in the operational activities of an organisation to the output (value added product and services)for the customers in a controlled
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EXECUTIVE SUMMARY The Objectives.. ❖ To be a World Class Provider of BATIK Garment Industry Our Mission.. ❖ Our vision is to focus on offering range of quality batik products to our customers‚ and introduce Malaysian Batik to the people all over the world. We would like to penatered US market and introduce variety product that can produce with Batik. It is the opportunity for batik business to improve it profitability and competitiveness. The Opportunities
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OM CHAPTER 1 GOODS‚ SERVICES‚ AND OPERATIONS MANAGEMENT DAVID A. COLLIER AND JAMES R. EVANS OM‚ Ch. 1 Goods‚ Services‚ and Operations Management ©2009 South-Western‚ a part of Cengage Learning 1 Chapter 1 Learning Outcomes learning outcomes LO1 Explain the concept of operations management. LO2 Describe what operations managers do. LO3 Explain the differences between goods and services. LO4 Describe a customer benefit package. LO5 Explain three general types of processes
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Function of Asset Management Company An Asset Management Company (AMC) is a legal entity that conducts professional activity of managing‚ along with related daily administrative activities of collective investment institutions/funds based on the license issued by Bangladesh Securities and Exchange Commission. An Asset Management Company is authorized to 1. Mutual Fund Operation: Act as issue and portfolio manager of the mutual fund. Mutual funds‚ either Open End or Closed End‚ are fund portfolios
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4 Bangladesh* – Dr. Atiur Rahman and Mohammed Abu Eusuf1 B angladesh 2 is one of the most densely populated countries in the world. The poor Bangladeshi economy‚ with a low per capita income and a large population‚ reveals some clue to the abject humanitarian situation in the country. PROFILE Population: GDP (Current US$): 51.9 billion*** Per Capita Income: (Current US$) Recently‚ Bangladesh has introduced a freely floating exchange rate system. Since the abandonment of the
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QUOCIRCA INSIGHT REPORT November 2007 Contacts: Sharon Crawford Quocirca Ltd Tel +44 7989 243830 sharon/crawford@quocirca.com Operations Management in UK Financial Services How effectively is technology being applied to help to monitor and improve operations performance? The extremely competitive nature of the financial services industry today and the changing landscape of customer expectations and their approach to investing in financial products‚ puts an onus on suppliers to consider
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