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PERFOMANCE IMPROVEMENT
By categorizing radical and continuous process improvement methods, outline different operations improvement methods which you know
a) Tanzania Railway Limited (TRL) has opportunity for provision of consultancy service to conduct assessment on factors that hinder performance of the company. One of the Terms of Reference is to conduct company performance audit to see whether there is a need for improving existing (or introducing new) operations system. Assume you are selected as consultant and by using work study method of process improvement, briefly explain the procedure you would follow for undertaking such consultancy assignment
a) Mention methods which are used to set time in work study
b) Distinguish between continuous and snapback methods used in observations and recording data for stop watch.
Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35, and the selling price for the finished product is $50. Which of the followi
If charles lackey's utility costs remain constant at $500 per month, labor at $8 per hour, and cost of ingredients at $0.35 per loaf, but Charles does not purchase the blender sugg
On September 1, Jennings, a used-car dealer, wrote a letter to Wheeler in which he stated, "I have a 1955 Thunderbird convertible in mint condition that I will sell you for $13,500
1. How do we link strategic and operational change? Answer: Hambrick and Cannella present a 5-step approach: 1. obtain broad inputs at the formulation stage 2. assess o
Mid-State BankCorp recently declared a 7-for-2 stock split. Prior to the split, the stock sold for $80 per share. If the firm's total market value is unchanged by the split, what w
When JetBlue left their customers sitting on the tarmac for hours on Valentine's Day, and their CEO was ultimately terminated as a result, the company was responding to (pick the b
K Ltd a multi product company, furnishes you the following data relating to the year 2000. First half sales Second half sales Sales Rs.45000 Rs.50000 Total cost Rs.40000 Rs.43000
Make to order - Operations Systems In this case, manufacture of the product does not commence until an order has been placed by the customer. In the best restaurants food is
The Fed is concerned with interest rate levels and the possibilitiy of inflation. Given the gollowing information, calculate the expected inflation premiums over hte next three yea
what is the scope of O.R. in marketing,I.T, finance
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