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Discuss the key factors that impact location decisions. As an example, if locating a facility in India, what location decisions would a fast-food chain have to consider as compared
The manager of a fashionable restaurant open Wednesday through Saturday says that the restaurant does about 31 percent of its business on Friday night, 26 percent on Saturday night
In one paragraph supported by your text and other research, describe the criteria you would use if you were a manager charged with evaluating corporate contributions to decide whet
The Japanese firm Matsushita has a business philosophy from the strong founder Konosuke. This business philosophy was codified as the "Seven Spiritual Values" of Matsushita that al
Find the future values of the following ordinary annuities: a. FV of $800 paid each 6 months for 5 years at a nominal rate of 5%, compounded semi-annually. Round your answer to
Was there some other way to estimate the cost of equity as a check on the CAPM calculation?
Features of Production and Operation Management 1. Production management is the process of making decisions. 2. Decisions are made regarding transformation of inputs outputs. 3
A cosmetics manufacturers marketing department has developed a linear trend equation that can be used to predict annual sales of its popular Hand and Foot Cream. We are given F sub
advantages of simple regression method for cost estimation.
Strategy Highlits 11.2 dicusses the informal oranizational structure of W.L.Gore and Associates. Go to the firm's Website (www.gore.com) and review the scope of the firm. a. Wha
What is Implementation of Operations and how it is being done? Implementation is the procedure of performing the planned functions. Planning processes includes estimating, routing and loading while dispatching and progressing are processes which are performed while manufacturing is going on. Former one is planning and the latter is controlling function. By combining both the things the process generated is implementation. 1. Estimating means the quantities that are estimated to be made at each workstation depending on the sales forecast, provision for buffer stock, quantities bought out, etc. It is done on the base of capacity. 2. Routing, which determines the sequence of operations and the machines for smooth working and minimum inventory?3. Scheduling refers to allocating time slots for different jobs that when job is start and when it ends. 4. Dispatching is a process concerned with real moving of the materials with tools, jigs and fixtures to specific machines along with drawings and ensuring inspections at exact nodes, so that the materials shift in the supply chain.5. Expediting is done to ensure that all is done properlyWhat are the tools used for implementation?1. GANTT charts – One of the tools which is used to record progress by comparing the actual aligned with the planned activities and keep trail of the flow of the material. 2. Line balancing and line of balance - are two tools that make sure that machining centers are loaded uniformly so as to prevent build up stocks at intermediary stages. 3. Simulation models - are used to forecast use of machines and production levels. 4. Inventory models – which makes one determine when to order, how many to order and also give us an approaching to the risks and opportunities that come up for our concern. 5. ERP software - SAP have numerous components that store, sort and analyze data and make them accessible to the staff across the earth in many plants permitting managers to modernize their operations.
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