User Account

All Pages

How to reduce the costs and maximize the profit

Assignment Help Operation Management
Reference no: EM132184232

Consider what you have learned in class.

Take one of those concepts and apply it to your every day life. This could include something you do at work or in service to the community.

The purpose of this assignment is to give you an opportunity to enhance your learning by applying this skill to your benefit and that of the organization you are associated with.

Write a 5 page paper that follows the basic outline of:

Problem definition
Problem discussion
- List of assumptions
Application of skill learned in class and why it is the appropriate technique
- Formulate the model algebraically
- Show the implementation of the model in Excel
Results of the model.
How it compares to what was being done before
What you learned from the experience
You will upload 3 files (excel, word, ppt)
You must upload an excel spreadsheet of the model.
Your paper should be approximately five pages in length.
Your PowerPoint should not exceed 10 slides and should follow the same format.

You need to talk about Network Optimization. So, the topic will be MINIMUM-COST FLOW PROBLEMS, which is how to reduce the costs and maximize the profit. The country will be between US, Thailand and China. (India, Europe countries can add too if not enough resources).

The excel and PPT has to show the distribution network, and paper has to show the idea of trading distribution, scheduling.

Verified Expert

The following report explains the network optimization with the help of different strategies. It shows that the how TESCO, which is penetrating into Thailand can minimize the costs and maximize its profit. The linear programming strategy has been applied for controlling the inventory costs and minimizing the total production costs. It also shows that what amount inventory is to be kept by the company in order to minimize the storage and ordering costs.

Reference no: EM132184232

Questions Cloud

What does public service mean to you : What does public service mean to you? What role do you see yourself playing in public service? How will you measure your success?
Numbers and calculate the average : ry a program that prompt the user to enter five positive numbers and calculate the average. When a negative number is entered, program will be terminated.
Definition of assistive technology : Definition of Assistive Technology (AT) and how a student qualifies for AT (discuss the Assistive Technology Act);
Determine what type of program or training is needed : How would you conduct a needs assessment to determine what type of program or training is needed (to improve the nutrition of infants) in this situation?
How to reduce the costs and maximize the profit : Take one of those concepts and apply it to your every day life. This could include something you do at work or in service to the community
Presenting a strengths based and culturally aware program : What are some best practices (actions) in creating and presenting a strengths based and culturally aware program for the diverse families served in programs?
Which topics are most interesting to you : Describe your reaction upon beginning this course (PUBH - 6035 Epidemiology Decoding the Science of Public Health). What are you hoping to gain from taking.
Explain how a manager could develop employees : Explain how a manager could develop employees with different strengths. Use scenarios to convey your idea. Format your assignment according to the following.
The value of the identified stakeholder group : How can this enhance or expand on your own choice of communication strategies?

Reviews

len2184232

12/3/2018 2:57:23 AM

Please see the Attach, and I want to use my points this time. Thank you. This is what professor asks for. I have decided that to talk about Network Optimization. So, the topic will be MINIMUM-COST FLOW PROBLEMS, which is how to reduce the costs and maximize the profit. The country will be between US, Thailand and China. (India, Europe countries can add too if not enough resources). The excel and PPT has to show the distribution network, and paper has to show the idea of trading distribution, another word--- scheduling.

Write a Review

Operation Management Questions & Answers

  Book review - the goal

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 in hospitality enterprise

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..

  Managing operations and information

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..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

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

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

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.

  A make or buy analysis

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

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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