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When Discussing several advantages of linear programming and clearly explain the reasons for my choices. Our text defines linear programming as "a way of solving for the optimal solution to an aggregate planning problem". Linear programming has a few advantages, such as determining production between regular and overtime hours, including additional shifts, and inventory carryover. Unlike a graphing method, linear programming provides more accurate results and expectations. There have been several studies conducted on the quality of work producted during regular hours vs. overtime hours. My office has taken great interest in these studies because, for a time, they had been paying a lot of money out to employees for overtime hours but were not seeing much of a jump in production. Through linear programming, it can be found that work produced during overtime is not as efficient or quality as during normal hours. The same can be said for additional shifts. Adding additional shifts does not always produce the desired results of increased productivity. Inventory carryover is important for a few reasons. Maintaining sufficient supply to meet upcoming monthly demands and ensuring the inventory is being sold at a sufficient rate and not stockpiling allows a company to gauge what the true demand is for that product. Using linear programming will allow a business to determine the optimal amount of sales needed in order to roll inventory sufficiently. WHAT ARE YOUR THOUGHTS ON THIS RESPONSE? EXPLAIN
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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