...Question 1: a) Learning curve equation: Y(u) = au-b u | Y(u) | Ln(u)x | Ln(Y(u))y | x2 | xy | 13 | 276 | 2.565 | 5.620 | 6.579 | 14.415 | 29 | 198 | 3.367 | 5.288 | 11.337 | 17.805 | 41 | 171 | 3.714 | 5.142 | 13.794 | 19.097 | 71 | 137 | 4.263 | 4.919 | 18.173 | 20.969 | 127 | 107 | 4.844 | 4.673 | 23.464 | 22.636 | | Sum: | 18.753 | 25.642 | 73.347 | 94.922 | x = 18.7535 = 3.751 y = 25.6425 = 5.128 m = 594.922-[18.75325.642]573.347-(18.753)2 = -0.415 c = 5.128 – (-0.415)(3.751) = 6.685 a = e6.685 = 800.311 b = -m = 0.415 Y(u) = 800.31u-0.415 b) Average learning rate: L = 2-b = 2-0.415 = 0.750 L = 75% c) Cost for the 200th unit: Y(200) = 800.31(200)-0.415 = $88.78 Question 2: a) Values of k and a: y = (xD) f(y) = kya f(1.75y) = k(1.75y)a f(1.75y) = 1.5f(y) 1.5 = f(1.75y)f(y)= k(1.75y)akya=1.75ayaya = 1.75a 1.75a = 1.5 a = log 1.5log 1.75 = 0.725 30 million = k(300,000)0.725 k = 3,207.81 b) Optimal timing of plant additions: a=rxerx-1 r = 12.25% Using figure 1.4 in the lecture notes plus trial and error to estimate rx. rx = 0.61 0.61e0.61-1=0.7258 x = rxr x = 0.610.1225 = 4.979 Optimal timing of plant additions is 4.98 years c) Optimal size of each plant addition: D = 25,000 tonnes xD = 4.979 x 25,000 = 124,475 Optimal size of each plant addition is 124,475 tonnes d) Optimal cost of each plant addition: f(25,000) = 3,207.81(25,000)0.725 = 4,951,253.281 Optimal cost of each plant addition is $4...
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...dependency, variability impact throughput an average of 10/hour in each stage does NOT give you 10/hour at the end of the line. B. We achieve the service level by having more inventory or more capacity. C. Lean improve the performance by focus on reducing the number of steps. D. Six Sigma Methodology attempts to improve the performance by focus on reducing the variability in each stage. E. The combine effect of Lean and Six Sigma on performance improve the overall process by improving throughput. 2) The “end to end” processes in managing operations/supply chains are: a. Create >> Source >> Make >> Move >> Store >> Market >> Sell >> Return >> Service >> Dispose b. The “big picture” tradeoffs is important in managing operations because we can predict trends in supply and demand in order to optimize our strategy for asset management. In addition, focusing on having strong leadership in place in order to help everyone make long-term plans and be on the same sheet of music (interrelationship). Additionally, having strong leadership will help alleviate conflicting objectives and fix mis-aligned metrics. 3) The lessons learnt from the “Blue-Green” game are clear communication, trust between departments and goal alignment as a company. c. Every team worked to maximize its own points. What is good for the department is NOT good for the company. d. All teams have to look at...
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...Operations Management Assignment No. 3 Here I have chosen to monitor the bike of my friend to get an idea of the inventory management system in the day to day life. I have retrieved his data from last January and February to get some data factual for analysis. I have converted them to an excel sheet and have calculated the EOQ. Here from the calculation I have found that the frequency of refilling the petrol should be 8 times for 400 km whereas the actual filling was done for 6 times. From my point of view I would say that it was a fixed reorder quantity model, in which when the indicator reaches to show empty tank bike would fall into reserves and my friend would rush to fill petrol. Here I have assumed that whenever he finds the indicator at reserves he fills the tank, on the other hand he was having some quantity of petrol in the tank before 29th December 2012, retrieving data for which was impossible cause of unavailability of bills. So the modeling is involving the error for this much quantity of fuel in the tank and maybe that’s the only reason of deviation from 8 times to 6 times. Here I have assumed that within the range of 4 km he is getting the petrol pump and he’s filling petrol from that pump on an average but that location for an ease of the calculation I have kept constant. Here that location is kept constant because of one more reason that, maximum time the petrol being filled from that pump only as a habit of checking the fuel before going to any outing...
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...Using Teams in Production and Operations Management- Assignment 3 Katrina Santos-Nunez Professor- Dr. Steven Brown BUS 508- Contemporary Business November 13, 2011 When working with a large task it is helpful to have a plan of action. There are usually many steps and much involvement is necessary for production and or operation. Because of this, it is helpful to have a helping hand. Once team members have been selected and plans are complete it is then necessary to think about who will be better suited for each type of function. Often times, a majority of these functions overlap and involve one another and team members need to work together. That is when teamwork comes in handy. Without teamwork many of the largest projects could not be complete and possible. They are an essential part of business. This paper will discuss the concept of using teams in production and operations management. It will give a description of a major restaurant business, Chipotle, the company’s production management style, the company’s use of teams in production and will also analyze and evaluate the company’s ability to adjust to major economic, environmental, or natural crisis and communicate effectively with their employees and customers about issues caused by the crisis. The first Chipotle Mexican Grill was opened in July 1993 and founded by current CEO, Steve Ells (Funding Universe, nd). The first store was opened in Denver, Colorado fulfilling Ells’ vision to bring...
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...Assignment 3: Using Teams in Production and Operations Management BUS 508 – Contemporary Business Forensic Accountants Forensic accounting is accounting that result from actual or anticipated legal disputes. Forensic accountants are the auditors of the forensic accounting practice. They investigate, coordinate data and offer their evidence in trial; and because it is forensic business, the evidence they find is suitable to present and will hold its proof in a court trail. Forensic accountants usually engage in different sectors of the business world; economics, finance, accounting, business management and marketing, to name a few. They utilize their understanding of these different sectors to gather and investigate data that will be used in litigation. Currently though, we live in a world in which financial fraud is becoming increasingly more prevalent. Forensic accountants are expanding their roles and venturing into financial fraud prevention. Forensic accountants are utilizing their skills and designing policies to reduce the risk of fraud, and working closely fraud deterrence research. To be a forensic accountant, the individual needs to possess certain skills and abilities to effectively perform the tasks at hand. A forensic accountant needs to have excellent communication skills, both in oral and the written language. Communication is the effective way to convey thoughts, messages and information. It requires the individual to actively convey the...
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...Using Teams in Production and Operation Management Brystal Stanfield Ransom Dr. Calvin Fogle BUS 508 Contemporary Business May 17, 2012 Using Teams in Production and Operations Management The Retail industry is a driving force in today’s local and global economy. Retail sales are so important because the sales are an important economic indicator. Consumer spending drives mush of our economy. When consumers are spending money, the economy thrives positively. The retail stores cannot keep inventory on the shelves and new merchandise is ordered causing production facilities to make more products and order more raw materials. If consumers don’t feel as secure about their finances, they spend less money and the economy slows down. This example shows how important retail business is to the economy. The Sherwin Williams Company is a major global retailer that will be discussed. This essay will analyze Sherwin William’s production and operations management system, evaluate the use of teams in its production and operations management system, and also discuss Sherwin William’s ability to adjust when the economy faces a downturn. Describe a major global corporation Sherwin Williams was founded in 1866, just one year after the Civil War ended. The founders of Sherwin Williams were Henry Sherwin and Edward Williams. Sherwin Williams is the largest paint and coating producing company in the United States. This company is also among the largest producers in the world. Sherwin...
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...INTRODUCTION TO OPERATIONS MANAGEMENT To purchase this visit following link: http://www.activitymode.com/product/ba365-introduction-to-operations-management/ Contact us at: SUPPORT@ACTIVITYMODE.COM BA365 INTRODUCTION TO OPERATIONS MANAGEMENT Module Assignments 1 Discussion Forum: Disney World Case Study: Natural Designs Inc. 2 Discussion Forum: Baldridge Case Study: Boutique Hotels 3 Discussion Forum: Vaccine Distribution Assignment Questions Chapter 6 4 Discussion Forum: Weddings Midterm exam 5 Discussion Forum: Black Friday Assignment Questions Chapter 10 6 Discussion Forum: Lean Enterprise Case Study: South Town Medical Center 7 Discussion Forum: Hotels Case Study: Online Purchasing at McDonalds 8 Discussion Forum: Course Review Final Exam Activity mode aims to provide quality study notes and tutorials to the students of BA365 Introduction to Operations Management in order to ace their studies. BA365 INTRODUCTION TO OPERATIONS MANAGEMENT To purchase this visit following link: http://www.activitymode.com/product/ba365-introduction-to-operations-management/ Contact us at: SUPPORT@ACTIVITYMODE.COM BA365 INTRODUCTION TO OPERATIONS MANAGEMENT Module Assignments 1 Discussion Forum: Disney World Case Study: Natural Designs Inc. 2 Discussion Forum: Baldridge Case Study: Boutique Hotels 3 Discussion Forum: Vaccine Distribution Assignment Questions Chapter 6 4 Discussion Forum: Weddings Midterm exam 5 Discussion Forum: Black Friday Assignment Questions...
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...[pic] |Kazakhstan Institute of Management, Economics and Strategic Research (KIMEP) International Summer School, 2011 OPM 5202 OPERATIONS MANAGEMENT | | [pic] OPM 5202 OPERATIONS MANAGEMENT Instructor: Dr. Ardeshir Lohrasbi Office: Telephone: FAX: Email:zlohrasbi@gmail.com Instructor: Dr. Ardeshir Lohrasbi Office: Office Hours: Tel: Fax: E-mail: zlohrasbi@gmail.com Website: https://edocs.uis.edu/alohr1/www Introduction: Welcome to OPM 5202 Operations Management .It is a great pleasure to have all of you in my class. I have been at University of Illinois Springfield in USA for 31 years and served as a Chair of Department of Business Administration , MBA director and Chair of Management Department for several times and my work was recognized last May at the University of Illinois Springfield Faculty Recognition.I taught in graduate and undergraduate online and on ground many different courses such as Production and Operations management, Project Management, Computer Software Application in Business, Service Management, Inventory Management…etc. and I have done a number of consulting for private and public services and presented many research papers at a local and national level. In this class I will share my life time experiences and teachings with all of you. My goal is you learn the course materials and be able to apply the topics, computer applications and techniques in the real world. For more information please...
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...BA 365 INTRODUCTION TO OPERATIONS MANAGEMENT To purchase this tutorial visit here: http://mindsblow.us/question_des/BA365INTRODUCTIONTOOPERATIONSMANAGEMENT/24 contact us at: help@mindblows.us BA 365 INTRODUCTION TO OPERATIONS MANAGEMENT Module Assignments 1 Discussion Forum: Disney World Case Study: Natural Designs Inc. 2 Discussion Forum: Baldridge Case Study: Boutique Hotels 3 Discussion Forum: Vaccine Distribution Assignment Questions Chapter 6 4 Discussion Forum: Weddings Midterm exam 5 Discussion Forum: Black Friday Assignment Questions Chapter 10 6 Discussion Forum: Lean Enterprise Case Study: South Town Medical Center 7 Discussion Forum: Hotels Case Study: Online Purchasing at McDonalds 8 Discussion Forum: Course Review Final Exam BA 365 INTRODUCTION TO OPERATIONS MANAGEMENT To purchase this tutorial visit here: http://mindsblow.us/question_des/BA365INTRODUCTIONTOOPERATIONSMANAGEMENT/24 contact us at: help@mindblows.us BA 365 INTRODUCTION TO OPERATIONS MANAGEMENT Module Assignments 1 Discussion Forum: Disney World Case Study: Natural Designs Inc. 2 Discussion Forum: Baldridge Case Study: Boutique Hotels 3 Discussion Forum: Vaccine Distribution Assignment Questions Chapter 6 4 Discussion Forum: Weddings Midterm exam 5 Discussion Forum: Black Friday Assignment Questions Chapter 10 6 Discussion Forum: Lean Enterprise Case Study: South Town Medical Center 7 Discussion Forum: Hotels Case Study: Online Purchasing at McDonalds 8 Discussion...
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...[pic] Course Syllabus OPM 511: OPERATIONS MANAGEMENT Summer 2013 Course Overview: This course addresses the management of operations in manufacturing and service firms. The course starts with a general overview of operations management and its relationship to other functions of the business. Managing operations well requires both strategic and tactical skills. During the term, we will consider such topics as: strategic planning, demand planning, process analysis, locating facilities, determining capacity, materials management, and technology, together with relevant analytical techniques. The course will involve class room discussions, use of case studies and problem solving. PRE-REOUISITE: MGT 511 Quantitative Business Analysis, Use of PC including Excel & software provided with the text book. TEXTBOOK: Jay Heizer and Barry Render, Operations Management (Global 10th Edition), 2011, Prentice Hall. REFERENCES: William J. Stevenson, Operations Management, 10th Edition, McGraw-Hill, 2008. COURSE OBSECTIVES This course introduces basic concepts of business operations. Specifically: • Understand operations processes including inputs and outputs to meet customer satisfaction for products and services. • Management concepts and techniques used in operations management. • Focus on applications of the concepts. Description of the knowledge to be acquired Understand Operations Management and its relationships with other functional...
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...Module 1 Readings and Assignments Complete the following readings early in the module: Read the overview for Module 1 From the textbook, Operations management: Creating value along the supply chain (7th ed.), read the following chapters: Introduction to operations and supply chain management Project management From the Argosy University online library resources, read: Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120. (ProQuest Document ID: 215258436) http://search.proquest.com.libproxy.edmc.edu/docview/215258436?accountid=34899 Barney, J. B. (2001). Resource-based theories of competitive advantage: A ten-year retrospective on the resource-based view. Journal of Management, 27(6), 643–650. Retrieved from http://jom.sagepub.com.libproxy.edmc.edu/content/27/6/643.full.pdf+html Gopalakrishnan, S., Kessler, E. H., & Scillitoe, J. L. (2010). Navigating the innovation landscape: Past research, present practice, and future trends. Organization Management Journal, 7(4), 262–277. doi:10.1057/omj.2010.36 (ProQuest Document ID: 820961459) Long, L.D., Ohsato, A. (2008). Fuzzy critical chain method for project sheduling under resource constraints and uncertainty. International Journal of Project Management, 26(6), 688–698. Retrieved from http://www.thecampuscommon.com/library/ezproxy/ticketdemocs.asp?sch=auo&turl=http://www.sciencedirect.com/science/article/pii/S0263786307001548 Assignment Summary: Module 1 Due...
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...Name : Operations Management Course Code : GSM 5113 Credit : 3 (3+0) Semester/Trimester : Second Trimester 2012/2013 Pre-Requisite : None Course Objectives : The course has several objectives: • Introducing the functional area of operations and demonstrating how operations interface with an organization’s other functional areas. • Highlighting the various issues and problems that traditionally arise in the management of operations within both manufacturing and service organizations. • Building a familiarity with the terminology, modeling, and methodology often employed in the operations function. • Presenting recent technological advances that directly affect operations management. Synopsis : Operations management goes by many names: Production, Production Management, or simply Operations. For our purposes we will define it as the production and delivery of goods and services. It encompasses designing the product and its accompanying production process, acquiring and organizing the necessary resources, and planning and executing production. With such a broad scope, the operations function plays an integral role in the ability of an organization to achieve its goals. A well-trained manager must be familiar and conversant with the many issues and concepts that arise within this functional area. In this course we will study the management of the...
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...so that you can be successful in this course. 4201 Wilshire Blvd., Suite #610 ♦ Los Angeles, CA 90010, CA, U.S.A. ♦ T: (323) 938-4428 ♦ F: (323) 938-4-4429 ♦ E: www.iau.la MGT 620a Operations Management & Supply Chain Syllabus Class Details Name: Email: Phone: Room: Method: Steve B. Young, Ph.D. (A.B.D.) syoung18@verizon.net (818) 360-6115 LA-Classroom C Hybrid Term/Year: Days: Time: Start Date: End Date: Spring Session 1 / 2015 Wednesdays 6:00pm-10:00pm January 05, 2015 February 27, 2015 Instructor’s Biography Steve Young graduated from Western Michigan University with a Bachelor of Science in Engineering and Business. He spent time as an HR director and consultant with many Aerospace firms. Steve has worked in numerous management positions for Boeing, Lockheed Martin, Eco Polymers, Hughes, and PM-10 Consultants specializing in the area of Human resource, business management, and business operations. Steve received his MBA from West Coast University with an emphasis in management and is looking to receive his PhD from Walden University in Applied Management and Decision Making with specializations in Organizational Change and Leadership in 2008. Steve is a senior faculty member and has been teaching for the University of Phoenix in their Undergraduate and Graduate Business Management Program for over 14 years. Steve has been involved in two successful starts up companies since 1985 that are still operating today in a growth environment. He functions as a consultant...
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...Unit Assignment Assignment front sheet |Qualification |Unit number and title | |Pearson BTEC HND Diploma in Hospitality Management |Unit 6 Rooms Division Operations Management | |Student name |Assessor name | | | | |Date issued |Completion date |Submitted on | |05th January 2015 |08th March 2015 | | | | | |Assignment title |Rooms Division Operations Management | |Learning Outcome |Assessment |In this assessment you will have the opportunity to present evidence |Task no. | | ...
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... | |Assignment Submission Form | |Please complete and attach this form to your assignment. All assignments must be submitted on the stipulated submission date. | |Please add a “(” into appropriate box to indicate your assignment type. | |(( Pre-course / ( Main Assignment | |Program / Intake :____Bsc 18 E_______ | |Pathway: ______Management______ | |Student Name: | Qu MengLi (Melinda) |Student Number: | | | | |12257675 | | |Module: |OPERATION MANAGEMENT ...
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