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Question 1: What is operations management? Why is it important? Is a good knowledge of operations management more important in service or manufacturing industries? Explain your answer.
Question 2: Discuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it. What other techniques might you choose to manage your project?
Question 3: What are economies of scale in a manufacturing plant? Do they continue forever? What are diseconomies of scale? How might you decide the optimal size of a plant?
Question 4: What, in your opinion, are the three most important issues in supply chain management? Discuss why you think these are the key issues.
Question 5: Discuss why (or if) inventories are necessary. What are the benefits of inventories? What are the disadvantages of holding inventories?
The table below highlights the time taken in hours for (1) cutting and sewing and (2) delivery of each of the suits. Which schedule finishes sooner: First-come, first-served (123) or a schedule using Johnson's rule?
Come up with two examples of such markets, and explain why the firms in those markets may feel they have no control over price.
Master schedules are expressed in three different ways, depending on whether the process is continuous, a job shop, or repetitive. Compare and contrast the three ways master schedules are expressed and used.
How does the concept of product life cycle apply to Regal Marine products. What strategy does Regal use to stay competitive
you will create an entire transformational change management plan for a medium-sized public company that has lost
Suppose the first EKG test is positive. In order to make sure, a second EKG test is given to the person. What is the probability that this person has heart disease if the second EKG test is negative?
A newly designed phone battery, when fully charged, is supposed to last 20 hours with a tolerance limit of plus or minus 1 hour under normal use. The current production process produces batteries that on average last 19.8 hours before requiring a rec..
how sure they were that they could achieve it? Or does this decision become a question of philanthropy only?
Identify and describe Eastman Kodak's key stakeholders. What is their influence on strategy? Address Kodak's challenge in meeting the needs of shareholders versus stakeholders
leaders must frequently address competing needs of work groups. conflict can arise when groups vie for limited
What trade-offs are involved in shifting from a traditional operations system to a lean system for:
analyze the internal environment of the company you researched to determine that company's strengths and weaknesses.Based on the strengths and weaknesses you discovered, determine what steps the company could take to positively impact the company'..
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