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Throughout this course, you have learned about the various aspects of operations management. In this final week, the focus has been on two additional strategies, forecasting and aggregate planning. With as quickly as today's marketplace changes, managers need to be able to maximize the use of available resources as well as adjust strategies quickly to meet the market demands. Two basic production strategies, level strategy and chase strategy, help managers transform forecasts or estimates of market demand into a production plan for efficiently and effectively meeting that demand.
Consider what you have learned about the use of aggregate planning. In the course text, review the list of variables that can be used in aggregate planning to modify the supply.
To prepare for this Discussion, consider the following:
One option for managing costs associated with changes in demand for a product or service is hiring additional personnel during periods of increasing demand and conducting layoffs during lower-demand periods.
What are the advantages and disadvantages of using the option of hiring additional personnel during periods of increasing demand and conducting layoffs during lower-demand periods for managing operating costs?
Explain strategic initiative for international expansion
A local video store estimates its average customer's demand per year is Q = 7 - 2P , and it knows the marginal cost of each rental is $0.5. How much should the store charge for an annual membership in order to extract the entire consumer surplus v..
In a hypothetical territorial dispute before the International Court of Justice one of the Justices said to the parties:
Among the known clustering algorithms such as K-means, DBSCAN, KNN, single-link, complete-link agglomerative clustering etc
Explain why Bonner is the owner of the invention. Discuss the intellectual property rights owned by Bonner in the invention.
Choose a manufacturing company (this should be different than your accounting project company) and research the possible effects of absorption and variable costing on that company.
What do you consider to be the top three benefits to social responsibility? How does your organization implement social responsibility initiatives?
Then the program should count how many people in the data have that names and display it in message box.
As a manager, you will have to control work processes and monitor performance. Feedforward Control-Prevents future problems.
They just ignore you and complain to other workers about reporting to someone your age. Design a strategy for dealing with these workers and your manager.
How do you believe value chain management works? How do you think value chain management can help companies be more competitive? How do you think value chain management helps companies create and build value?
In this experiment, we used a genetically modified arabinose operon. What happens when arabinose binds to the promoter?
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