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Define the term Economic Order Quantity. Economic Order Quantity (EOQ): A mathematical computation for a fixed quantity of inventory ordered every time which would minimi
what is operations system? explain the process of operations system?
markov analysis problem
Steps in Layout Planning and Design For a given product at a stated volume of production a process most appropriate must be determined. The process that is determined like any
Consider mean arrival rate is 1 customer every 4 mins and mean service time is 5/2 mins. If waiting cost is $5 per unit per min and cost of serviceing one unit is $4. Find minimum
What are the benefits of working for someone else? What are the advantages of being part of a company or agency that is established? Explain. Reference/Cited
The regime in China has been known to manipulate it currency creating a competitive a world competitive advantage for the manufacturing of goods. Evaluate the impact to the U.S. ma
An assembly line with 7 tasks is to be balanced. The longest task is 8 minutes, the shortest task is 2 minutes, and the sum of the task times is 53 minutes. The line will operate f
What are the impacts of culture on motivation? Are all cultures motivated by the same thing? Is there a slant in the research? Is there a theory you believe would work across cultu
Benefits and Variable Pay Please respond to the following- • Analyze the types of benefits usually available in the health care industry and determine which benefits are most im
What is Implementation of Operations and how it is being done? Implementation is the procedure of performing the planned functions. Planning processes includes estimating, routing and loading while dispatching and progressing are processes which are performed while manufacturing is going on. Former one is planning and the latter is controlling function. By combining both the things the process generated is implementation. 1. Estimating means the quantities that are estimated to be made at each workstation depending on the sales forecast, provision for buffer stock, quantities bought out, etc. It is done on the base of capacity. 2. Routing, which determines the sequence of operations and the machines for smooth working and minimum inventory?3. Scheduling refers to allocating time slots for different jobs that when job is start and when it ends. 4. Dispatching is a process concerned with real moving of the materials with tools, jigs and fixtures to specific machines along with drawings and ensuring inspections at exact nodes, so that the materials shift in the supply chain.5. Expediting is done to ensure that all is done properlyWhat are the tools used for implementation?1. GANTT charts – One of the tools which is used to record progress by comparing the actual aligned with the planned activities and keep trail of the flow of the material. 2. Line balancing and line of balance - are two tools that make sure that machining centers are loaded uniformly so as to prevent build up stocks at intermediary stages. 3. Simulation models - are used to forecast use of machines and production levels. 4. Inventory models – which makes one determine when to order, how many to order and also give us an approaching to the risks and opportunities that come up for our concern. 5. ERP software - SAP have numerous components that store, sort and analyze data and make them accessible to the staff across the earth in many plants permitting managers to modernize their operations.
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