Department of Management Information Systems Assignment on: Application of Management Science in Business [Type the document subtitle] Course Title: Management Science Course Code: EMIS 517 Submitted to: Professor Dr. Abdul Hannan Mia Honorable Course Teacher, Dept. of MIS Submitted by: Name | ID | Batch | Md. Al-Mamun Riyadh | 61427-20-079 | 20th | Abdullah-Al-Kashem | 61427-20-006 | 20th | Submission date: 31st August, 2014 Management
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assembly operations by constructing a new plant in Ridgecrest, Mississippi. The firm, a major producer of pickup campers and camper trailers, had experienced five (5) consecutive years of declining profits because of spiraling production costs. The costs of labor and raw materials had increased alarmingly, utility costs had gone up sharply, and taxes and transportation expenses had steadily climbed upward. In spite of increased sales, the company suffered its first net loss since operations begun in
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States a r t i c l e i n f o a b s t r a c t This paper presents a detailed survey of the research on warehouse design, performance evaluation, practical case studies, and computational support tools. This and an earlier survey on warehouse operation provide a comprehensive review of existing academic research results in the framework of a systematic classification. Each research area within this framework is discussed, including the identification of the limits of previous research and of potential
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CHAPTER 12 operation management DISCUSSION QUESTIONS 1. THE ADVENT OF LOW-COST COMPUTING SHOULD NOT BE SEEN AS OBVIATING THE NEED FOR THE ABC INVENTORY CLASSIFICATION SCHEME. ALTHOUGH THE COST OF COMPUTING HAS DECREASED CONSIDERABLY, THE COST OF DATA ACQUISITION HAS NOT DECREASED IN A SIMILAR FASHION. BUSINESS ORGANIZATIONS STILL HAVE MANY ITEMS FOR WHICH THE COST OF DATA ACQUISITION FOR A “PERPETUAL” INVENTORY SYSTEM IS STILL CONSIDERABLY HIGHER THAN THE COST OF THE ITEM. 2. The standard
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Managing New, Remanufactured and Upgraded Products under a Coupon Recycling Environment Xian LI1 , Jihong ZHANG1,† , Xiaosong DING1 , Xiaodong YANG1 1 International Business School Beijing Foreign Studies University Beijing, People’s Republic of China, 100089 † corresponding author: zhangjihong@bfsu.edu.cn Abstract—We consider a two-period production and pricing model under a coupon recycling environment, in which a monopolistic manufacturer is able to produce and sell new, remanufactured
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The University Student Registration System: a Case Study in Building a High-Availability Distributed Application Using General Purpose Components M. C. Little, S. M. Wheater, D. B. Ingham, C. R. Snow, H. Whitfield and S. K. Shrivastava Department of Computing Science, Newcastle University, Newcastle upon Tyne, NE1 7RU, England. Abstract Prior to 1994, student registration at Newcastle University involved students being registered in a single place, where they would present a form which had
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fields such as science, industrial engineering, financial planning and management decision making. Nowadays, with the development of technology, most of the real world Linear Programming problems are solved by computer programs. Excel Solver is a popular one. We work through different examples to demonstrate the applications of linear Programming model and the use of Excel Solver for various decision making in operation and supply chain management. Components of Linear Programming model To solve
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omitting the finite source model and/or the multiple priority model. You can shorten the section even more by not assigning problems which require cost comparisons, although I personally feel that cost comparisons are perhaps the ultimate goal in an operations management course. Answers to Discussion and Review Questions 1. Queuing analysis is appropriate in analyzing capacity when service and/or arrival rates are highly variable. 2. Variations in service and/or arrival rates create instances in
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Iowa Elevators Case 1. What would be your analysis of the current situation from purchasing & inventory perspectives? As far as analyzing the current situation of the corporate spend, it would probably be best to start by looking at the categories that have the most expenses. In this case, the top three spend categories include farm supplies, transportation services, and MRO & construction. These three categories account for almost $600,000 of the $728,000 of the total annual spending
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1. Scheduling involves the timing of operations to achieve the efficient movement of units through a system. The overall objective of scheduling is faster movement of goods and services through a facility, better customer service and dependable delivery. 2. The four criteria for determining the effectiveness of a scheduling decision are Minimize completion time Maximize utilization Minimize work in process Minimize customer waiting time 3. Loading means the assignment of jobs to work
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