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Case: A large pharmaceutical manufacturer has 5 critical machines that they must keep working as much as possible. Each machine breaks down on average once every 5 hours. A repair worker can repair a machine in an average of 2 hours. The company employs 3 repair workers. A suggestion has been made to have all 3 workers work together as a single repair team whenever a machine breaks down. An experiment resulted in an estimate that they can repair a machine in an average of 1 hour. Assume the only options are for them to work indivirdually or all together. Breakdown and service times are exponential. Each worker makes $40 per hour so the team would make $120 per hour. When actually repairing a machine, an additional cost of $25 per hour is incurred, bringing the cost of an individual worker to $65 per hour and the team to $145 per hour. Downtime is estimated to cost $200 per hour regardless of whether the machine is waiting to be repaired or is in the process of being repaired. Which option is better?
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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