Combination of system improvements as measured

Assignment Help Operation Management
Reference no: EM13962465

Using the Arena Simulation from the class lecture, identify the best combination of system improvements as measured by the increase in average monthly profit per dollar invested. You may not spend more than $4000 on changes. (Learning Outcome #2)

a) List the improvement options you tested and the increase in profit per dollar invested for each option tested.

b) Write a brief explanation of how you determined which improvement option to recommend.

c) Include a printed copy of the output sheet from Arena that shows the average number of good units produced in a month for the baseline (starting system) and for your final system with your recommended set of improvements.

Reference no: EM13962465

Questions Cloud

Discuss your thoughts about various production processes : Discuss your thoughts about the various production processes (Job Shop, Continuous Flow, Assembly line, Batch process) discussed to date, their similarities and differences. Identify some specific examples of some of the processes we discuss in this ..
What is the break even point : You are using the break-even analysis to decide whether to make or buy a part. The variable costs are $10 to buy and $5 to make. The fixed costs are $10,000 to buy and $510,000 to make. What is the break even point? If your annual requirements for th..
Role of fixed coupon in credit default swaps : Role of a fixed coupon in Credit Default Swaps? Can someone explain to me the functions of a fixed coupon in a CDS? For example, what happens if the quoted spread is greater than the coupon? What happens when it's less?
Convert hexadecimal value 17 to decimal : 1. Convert hexadecimal value 17 to decimal. 2. Convert the following decimal number to 8-bit binary 178 3. Convert binary 1001110010 to hexadecimal. 4. Convert the following binary number to decimal.  011111
Combination of system improvements as measured : Using the Arena Simulation from the class lecture, identify the best combination of system improvements as measured by the increase in average monthly profit per dollar invested. You may not spend more than $4000 on changes. Write a brief explanation..
What strategies did it use : What strategies did it use?How did it implement them, and what were the results?
Marginally acceptable value for a metric : Can poor performance relative to one specification always be compensated for by high performance on other specifications? If so, how can there ever really be a “marginally acceptable” value for a metric?
Transcends or encompasses particular interests : Is it possible to discuss things like fairness and justice in a way that is non-partisan? That is, can we talk about, say, distribution of wealth and opportunity, without representing the one or the other political ‘side’ of that particular issue. An..
Most extensive basic liberty compatible with similar liberty : The first part of Rawls’ theory of justice and fairness posits that we must have the “most extensive basic liberty compatible with a similar liberty for others”. To what extent does the current financial and political practice conform with, or violat..

Reviews

Write a Review

Operation Management Questions & Answers

  Describe factors regarding the corporate culture that were

discuss factors about the corporate culture that were at play and suggest central reasons why the executive staff

  What factors influence the choice of evaluation design

What factors influence the choice of evaluation design? Which of these factors would have the greatest influence on your choice of an evaluation design? Which would have the smallest influence? Explain your choices.

  Capstone project that should consist of the creation

Capstone Project that should consist of the creation of a market entry, a market expansion plan or an M&A

  Setup cost overtime setup cost

Setup Cost Overtime Setup Cost

  What is the importance of the medical conditions list

What is the importance of the Medical Conditions List? How should the Medical Conditions List be used? Are there precautions Ambulance supplies should take when using the Medical conditions list to determine appropriate levels of services? If so what..

  Explain the best strategic planning

Explain the BEST strategic planning and implementation/execution you have observed. Discuss fully. Explain the WORST strategic planning and implementation?

  What are some of the criteria for an effective message

What are some of the criteria for an effective message. Why is the statement, "Never have a sentence with more than 20 words or a paragraph with more than 8 lines" considered a half-truth. Explain.

  Explain what is the inventory control system for widgets

Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engine..

  Now select component with the lowest rating

Now select a component with the lowest rating (choose one if you have tie). Make recommendations for a job design change or any other action that would improve your level of satisfaction with this component of your job.

  Company recently issued two types of bonds

Gregg Company recently issued two types of bonds. The first issue consisted of 20-year straight debt with an 8% coupon paid annually

  Describe osha''s standard setting process

Describe OSHA's standard setting process, and explain the impact of the benzene decision.

  Assignment on the costs of production

Assignment On The Costs of Production, Joseph Farms, Inc. is a small firm in the agricultural industry. They have asked you to help them complete the limited data they have gathered in an effort to enable effective decision-making.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd