Elaborate the advantages of using capacity management

Assignment Help Other Subject
Reference no: EM131280288 , Length:

Learning Outcomes to be assessed in this assessment

- Identify and solve decision problems related to the various operations functions, like capacity, demand forecasting, project management, and inventory control.

- Differentiate the different techniques and use the appropriate technique in problem solving within operations management.

Answer all the questions using appropriate examples.

1. Elaborate the advantages of using capacity management for solving capacity issues in any organization

2. What is forecasting and how does it help in solving problems in an organization

3. Elucidate on using Break even analysis as a mechanism of solving issues in an organization

4. Highlight the key issues faced by a manufacturing company in their day to day operations. Consider taking an example of a manufacturing company in Oman.

As per MEC policy, any form of violation of academic integrity will invite severe penalty. Plagiarised documents, in part or in whole, submitted by the students will be subject to this policy.

A. First offence of plagiarism

a. A student will be allowed to re-submit the assignment once, within a maximum period of one week. However, a penalty of deduction of 25% of the marks obtained for the resubmitted work will be imposed.

b. Mark deduction: When the work is resubmitted, the marking will be undertaken according to the marking criteria. In compliance with this policy, the 25% deduction is then made on the marks obtained. For example, in an assessment that carries a maximum of 50 marks, suppose a student were to obtain 30 marks for the resubmitted work, the final marks for that assessment will be
22.5 (after deducting 25% of the marks actually obtained for the resubmitted work).

c. Period of resubmission: The student will have to resubmit the work one week from the date he or she is advised to resubmit. For example, if the formal advice to resubmit was communicated to the student on a Sunday (latest by 5 pm), the student will have to resubmit the work latest by next Sunday 5 pm.

d. If the re-submitted work is also detected to be plagiarized, then the work will be awarded a zero.

Verified Expert

The said paper comprises of four questions to be answered on operations management. The first question defines the meaning of capacity management and further identifies the advantages that the organizations have by adhering to such a management theory. Benefits such as better productivity, utilisation of resources, business agility are some which are described in the said answer. The second question defines the meaning of forecasting in the context of an organization and how the same enables to resolve issues such as production planning, survival strategies of the business with regards the forecast of the future and the best possible utilisation of the existing resources.

Reference no: EM131280288

Questions Cloud

Define the maximum partial pressure of the water evaporated : Air at 70°F and 100 psia is blown through a porous media which is saturated with liquid water at 70°F. Determine the maximum partial pressure of the water evaporated into the air as it emerges from the porous media.
Book report on souls of black folk : Book report on Souls of Black Folk by W.E.B Du Bois!- What are the salient and auxiliary ideas, issues, and/or arguments?
Determine the mass and mole fractions of aiir dissolved : Water is sprayed into air at 80°F and 14.3 psia, and the falling water droplets are collected in a container on the floor. Determine the mass and mole fractions of air dissolved in the water
What are your major terminal and instrumental values : What are your major terminal and instrumental values? Which values, terminal or instrumental, are valid predictors of career success in the workplace?
Elaborate the advantages of using capacity management : Operations Management - BUSS1501 - Identify and solve decision problems related to the various operations functions, like capacity, demand forecasting, project management, and inventory control.
When linear probing is used to resolve collisions : 1) Consider a hash table of size 7 with hash function h(k) = k mod 7. Draw the hash table after inserting in it, in the given order, the following values into the table: 14, 28, 2, 26, and 70: (a) When linear probing is used to resolve collisions
Briefly explain what you think each of these suggestion mean : Briefly explain what you think each of these suggestions means. As you write your explanations, discuss the implications for strategic decision makers.
Overlooked element of security management : What is generally the most overlooked element of security management?
Determine the rate of heat supply needed during this process : Water vapor (H2O) is heated during a steady-flow process at 1 atm from 298 to 3000 K at a rate of 0.2 kg/min.

Reviews

len1280288

11/17/2016 6:19:50 AM

Instructions to Student: • Answer within a word limit of 2000 words. • Date of submission: 8th week of the semester, the day and time of scheduled class • Submission form: Soft copy to be submitted through Moodle at Turnitin. • Late submission shall be penalised as per the norms of MEC mentioned in the Module Information Guide. • Plagiarism policy is as per the MEC guidelines as mentioned in the Module Information Guide. • Kindly include references (Harvard style of referencing) at the end of the paper. Referencing and proper formatting carries 20 marks in total. (Minimum of 2 genuine references for each answer)

Write a Review

Other Subject Questions & Answers

  Regarding monopolization analysis

What is a FALSE statement regarding monopolization analysis pursuant to Section 2 of the Sherman Act?

  Attention allocation and avoiding distraction

What prevents an individual from allocating attention the way that he/she intends to?

  Determining the validity of a deductive argument

Which is better for determining the validity of a deductive argument, syllogistic reasoning or Natural Deduction.

  What is an organization

What is an organization? At what three levels is organizational behavior usually examined?

  What would the major ethical perspectives say

If we were able to predict premeditated murders in the future by somehow scanning the minds of citizens, is this enough evidence to apprehend and take legal action against them?

  Mislead or deceive consumers

Food and drug manufacturers should be allowed to mislead consumers by using uncommon terms and descriptions to mislead or deceive consumers

  Differences between workplace writing and academic writing

Think about the differences between workplace writing and academic writing. Find a one-paragraph sample of workplace writing from a textbook, a letter you received from an organization, a memo you found on the Internet, etc

  Which is regional accreditation

Most states also require a specialized accreditation for licensure as an LPC or a psychologist. For counseling licenses, most states honor programs that have the CACREP designation.

  What is socrates argument for the teachability of virtue

What is Socrates' argument for the teachability of virtue (starting at 87b)? What is the argument that Socrates gives immediately after, apparently showing that virtue is not teachable? Give a brief account of which argument seems stronger

  Define how the policy raises issues of federalism

Summarize the history of the policy. In your summary, explain how the policy raises issues of federalism.

  Research the company and conduct a swot analysis

Research the company and conduct a S.W.O.T. Analysis on that organization based on the information you find. Please make sure all aspects are addressed. Your paper should be a minimum of 2 - 3 pages in length.

  Describe components of social-cognitive theory

Analyze one of your habits. How did you develop this habit? Were there role models for this habit? Which people influenced the adoption of this habit?

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