Reference no: EM131293282 , 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. All the questions carry equal marks (4x20=80)
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.
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Expected depreciation-appreciation of the chinese currency
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Economy consumption function
: Consider a country with the national income of $30 billion, the amount of taxes paid by households of $10 billion, and household consumption of $18 billion. Suppose that the marginal propensity to consume (MPC) is 0.8. On the following graph, use ..
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Explain most appropriate form of ownership for your business
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Referring to the social and private curves
: Say that the coal energy market has a negative externality. Should the government impose a tax or subsidy in this market? Describe why by referring to the social and private curves (using the relevant cost or benefit curves).
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Elaborate the advantages of using capacity management
: Operations Management (BUSS1501) Elaborate the advantages of using capacity management for solving capacity issues in any organization and what is forecasting and how does it help in solving problems in an organization
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Average variable costs exceed the price
: What will a competitive firm do in the short term if the average variable costs exceed the price?
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Gives specific examples that support your position
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Equilibrium by colluding and choosing another strategy
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Identify overall scope and analyze unexpected events
: Identify Overall Scope and Analyze Unexpected Events. Develop the project scope document (no more than 3 pages long) to include the following information:.
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