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Ques: What do you consider to be the challenges facing operations managers today?
1. Interfacing with other managerial functions
2. Dealing with increased rates of change
3. Increasing array of skills necessary
4. Changing environments - including wide range of service environments such as education, health, travel and tourism, introduction of complex information systems such as ERP increasingly demanding standards, tqm; bpr , iso 9000; iip; bs 14000 and need for continuous improvement
5. Need for constant innovation.
How Break even Analysis helps in solving the problems. Break even Analysis assists solving the problems of following: (a) What volume of sales will be necessary to cover?
An accounts payable manager processes 200 checks per day with an average processing time of 15 working days. What is the average number of accounts payable checks being processed i
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have been identified, and the associated costs and reven
A plant layout should be designed in such a manner that it will provide safety and security of employees at all costs. Optimum plant layout calls for high operating e
steps involved in strategy formulation
Examine foreign procedures dealing with global trade
1. An element of work has been measured 6 times, with the following results (units of 0.01 minutes): 18, 20, 19, 21, 19, 22. What should be the full-study sample size? Answer:
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
scope of operation research & Scope of Financial management
Discuss the market and manufacturing requirements that make it appropriate to use MRP and Just-in-Time.
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