1. ------------------------------------------------- Consider a firm with a daily demand of 100 units‚ a production rate per day of 500 units‚ a setup cost of $200‚ and an annual holding cost per unit of $10. Suppose that the firm operates 300 days per year. How many units of inventory must their storage area be able to hold? ------------------------------------------------- Answer | | close to 975 | | | close to 980 | | | close to 1095 | | | close to 1224 | | | close to 1225 | 5 points
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Sequence of Operations (Gas Furnace) Natural Draft Furnace 24 volts is always present to the thermostat R terminal. 1. When the thermostat closes its switch to call for heat‚ 24 volts is sent out of the thermostat on the W terminal. 2. This 24 volts goes back into the furnace‚ then typically through 1 or 2 safety devices to the gas valve. 3. If the standing pilot is lit. The gas valve opens‚ and the gas to the burners is then ignited by the pilot light. 4. The heat exchanger is
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agement AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724 [pic] SUBJECT : OPERATIONS MANAGEMENT Total Marks : 80 CASE-1 (16 Marks) Bloomsday Outfitters produces T-shirts for road races. They need to acquire some new stamping machines to produce 30‚000 good T-shirts per month. Their plant operates 200 hours per month‚ but the new machines will
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University of Petroleum & Energy Studies Centre for Continuing Education Executive MBA (OIL & GAS Management) Semester II YEAR: 2013 SESSION: January Assignment – 1 For Operations & Material Management (MBCQ 722D) (To be filled by the student) Name: _______________________ Sap No/Regn No: _______________________ Section A (20 Marks) Write short notes on any four of the following 1. Production management functions 2. The era of scientific management 3. Optimal
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it supplies over 3‚500 product lines. Goals of HPM: To effectively compete in the most challenging market that is continually evolving. To improve its product development process in an increasingly fast-paced‚ globalized market. Strategy: Use innovation and technology to differentiate itself in the market Concentrate on using the latest technology in both its new products and new manufacturing processes Problem • There has been a change in the length of the product
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An operation is composed of processes designed to add value by transforming inputs into useful outputs. Inputs may be materials‚ labor‚ energy‚ and capital equipment. Output may be a physical product or a service. A metric used to measure the rate at which potential output levels are being met or used. Displayed as a percentage‚ capacity utilization levels give insight into the overall slack that is in the economy or a firm at a given point in time. Using the data provided in the case‚ we are able
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Executive Summary Operations Management plays a key role in achieving the main performance objectives of Tesco. Whether the current operation objective is to improve customer service or to increase profitability‚ the way in which Tesco utilises its resources will have a significant impact. As a consequence‚ there have been a number of innovative developments in Operations Management that have sought to make use of Tesco resources in a significantly new manner in order to make a big step change in
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6. Inter departmental harmony: materials department management deals with almost all departments in the company. It can greatly contribute to the success of every other dept at the same time‚ the success of materials mgmt dept depends on co-operation from the personnel of other departments. 7. Forecasts: in order to manage materials better some conception of the future outlook for prices‚ cause and general business activity is necessary. 8. Acquisitions: business acquisitions and mergers
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Listening (thoroughly)‚ respectful interactions‚ maintaining an open mind‚ and sticking on topic are all things that go into group communicating. Strategies to promote group communication are getting everyone involved‚ asking specific questions‚ reframe from controversial topics‚ ask others opinions/views‚ and be inviting and approachable. Strategies for individual communication are respect‚ listening‚ proper tone‚ practice non-verbal communication‚ and encouraging involvement/feedback. In
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Outline the Argument that Supermarket Power is a ‘Zero-Sum’Game. Over the past few decades‚ hundreds of supermarkets have been built in towns and cities across the UK. They have become such a powerful force‚ that the four largest supermarkets‚ (Tesco‚ Sainsburys‚ Asda and Morrisons‚ ) take nearly three out of every four pounds spent on groceries‚ in the UK. (Bevan 2006). They have a combined market share of over 73.6% of the UK grocery
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