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In operations management, as in life, a balanced approach is often the best policy. One of the best examples of the benefits of this in operations management is the "lean approach". Explain at least four basic factors that must be in place in order to achieve a "balanced lean system
You discover an antique in your attic that you purchased at an estate sale 10 years ago for $400. You auction it in eBay and receive $8000 for your item. What is the annual rate of
Q. What is utility of optimised production technology to manufacturing operations? Optimised production technology (OPT) optimises the employ of ‘bottleneck resources' (restric
LIST THE METHODS AND TECHNIQUE OF FORECASTING
how a firm could attain a competitive advantage through operation management
Who was the founder of Scientific Management? Ans: The founder of Scientific Management is F.W. Taylor.
In your organization, describe how there are trade-offs between the competitive dimensions. Give examples.
Consider this scenario: You are the senior executive responsible for technology innovation for Company A. The company learns of the cost and efficiency advantages of a new technolo
Identify at least one example of probability encountered in everyday life which has not previously been mentioned AND THEN Identify the type of probability your example best fits b
In the light of a rapidly changing business landscape, it is imperative for firms to monitor the six major environmental forces: demographic, economic, social-cultural, natural, te
If you could locate your new software development company anywhere in the world, which place would you choose, and why?
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