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An (extremely simplified) steel company must decide how to allocate next week’s time on a rolling mill. The mill takes unfinished slabs of steel as input, and can produce either of two semi-finished products, which we will call bands and coils. (The terminology is not entirely standard) The mill’s two products come off the rolling line at different rates: Tons per hour: Bands 200 Coils 140 and they also have different profitabilities: Profit per ton: Bands $25; Coils $30 To further complicate matters, the following weekly production amounts are the most that can be justified in light of the currently booked orders: Maximum tons: Bands 6,000 Coils 4,000. The question facing the company is as follows: If 40 hours of production time are available this week, how many tons of bands and how many tons of coils should be produced to bring in the greatest total profit? Solve it using: (a) Graphical Method (b) Using MS Excel Solver (c) Also generate Sensitivity Analysis report. On the report explain the dual value/Shadow value
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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