Explain what is the production, Operation Management

Assignment Help:

A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each project to a single member of its highly-trained professional staff. This person would both gather and analyze the data. Using this approach, an experienced person can complete an average of 10 such projects in an eight-hour day. The firm's management is thinking of assigning two people to each project in order to allow them to specialize and become more efficient. The process would require the data gatherer to fill out a matrix on the computer, check it, and transmit it to the statistical analysis program for the analyst to complete. Data can be gathered on one project while the analysis is being completed on another, but the analysis must be complete before the statistical analysis program can accept the new data. After some practice, the new process can be completed with a standard time of 20 minutes for the data gathering and 30 minutes for the analysis. a. What is the production (output per hour) for each alternative? What is the productivity (output per labour hour)? b. How long would it take to complete 1,000 projects with each alternative? What is the labour content (total number of labour hours) for 1,000 projects for each alternative?


Related Discussions:- Explain what is the production

Explain ability to pay, What are three considerations in the wage determina...

What are three considerations in the wage determination criterion "ability to pay"? Why, by itself, can't the ratio of labour cost to total cost always be the formula of a company'

Explain different types of decisions, Explain Different types of Decisions....

Explain Different types of Decisions. Different types of Decisions: Decisions may be of various types. Several of the significant types of managerial decisions are explained

List the interesting gap between consumer & service provider, 1. Look at th...

1. Look at the above table and list the interesting gaps which you observe in the 'scripts' between consumer and service provider. Answer: 1. The starting point of the servic

Explain fixed cost, Explain Fixed Cost. Fixed Cost: Cost may be desc...

Explain Fixed Cost. Fixed Cost: Cost may be described as the amount of expenditure incurred on, or attributable to a specified thing. Fixed costs are those costs that tend t

Different approaches to innovation discussed organizations, Analyze the dif...

Analyze the different approaches to innovation discussed in this chapter to determine which approach you think would be the greatest value to the greatest number of organizations.

Explain work study as a management tool, Explain work study as a management...

Explain work study as a management tool. Work Study as a Management Tool: Work study checks the work done in an organization and this aims at finding the best and most effici

Define the elements of method study and work measurement, Define the elemen...

Define the elements of method study and work measurement. Method study and Work Measurement are elements of Work Study.

Political risk for an organisation, Identify, with examples, groups that ma...

Identify, with examples, groups that may represent a significant political risk for an organisation that is considering engaging in Foreign Direct Investment.  When companies a

Explain functions of marketing management, Explain functions of marketing m...

Explain functions of marketing management. Functions of Marketing Management: The broad functions of marketing management includes as in following : (i) Marketing Research

Explain pirates of silicon valley, 1- Are there differences between Microso...

1- Are there differences between Microsoft's and Apple's organizational Cultures? Why did Apple's organizational culture disrupt the company? 2- The film portrayed the "pirates

Write Your Message!

Captcha
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