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Sub optimisation - Operations Function
Another important issue raised by the systems approach is that of sub-optimisation. This is of considerable significance for managers, as it refers to situations where a sub-system is configured such that its performance appears to be optimal, yet the performance of the larger system is prejudiced. A hypothetical example might be a firm comprising several divisions (sub-systems), one of which is responsible for the assembly of final products.
The management of this division decides to reduce operating costs by cutting the stock levels of component parts, and placing replenishment orders for smaller quantities, and more frequently than previously. If this division is supplied by other manufacturing divisions of the firm, they may be obliged to produce in uneconomically small batches: the resulting increases in set-up costs of the supplying divisions may turn out to be greater than the stock-holding savings made by the assembly division. What appears to be optimal for a sub-system (the assembly division in this case) may not be not be optimal for the higher level system (the firm).
The Four Colour Problem. Is it true that the countries on any given map can be coloured with four or fewer colours in such a way that adjacent countries are coloured differently?
Prepare an MRP for scissors. Lead times are one day for each component and final scissor assembly, but two days for the plastic grips. 634 pairs of scissors are needed on Day 6. No
In operations management, as in life, a balanced approach is often the best policy. One of the best examples of the benefits of this in operations management is the "lean approach"
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Could someone show me how to do a Pareto chart based on the information in problem of mgmt production management?
Transportation Problem in Linear Programming
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