Introduction to the operations function, Operation Management

Assignment Help:

Introduction to the Operations Function

Firstly, consider the economy where gross domestic product (GDP) has been subdivided into its major divisions which are agriculture, manufacturing and services. The following tables show the changes in contribution for a number of countries between 1980 and 1996 and employment projections. Note that primary, secondary and tertiary sectors refer to the evolution of activity where the first or primary activity was applied to basic needs such as food followed by manufacturing (secondary) and finally services (tertiary). 

You may wonder why we are starting here? When you are contemplating this data pause and think of the contribution of the operations function because operations is all about transforming resources including money, people, capital and resources into goods and services. GDP, in a sense, is the scorecard.


Related Discussions:- Introduction to the operations function

Linear programming, A paper mill produces two grades of paper viz, x and y....

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 in

Explain what steps can ford motor take, The United Auto Workers union enter...

The United Auto Workers union enters into contract negotiations with the Ford Motor Company in Michigan. What are the three main subject areas the UAW can negotiate with Ford? Prov

Problem, a firm isconsidering replacement of a machien, whoes cost price is...

a firm isconsidering replacement of a machien, whoes cost price is rs 12200 and scrap value is rs 200 the running cost is rupee given below year running cost 1 200 2 50

Line balancing, what do you understand by line balancing

what do you understand by line balancing

Explain what is the market value of the bond, Knight, Inc., has issued a th...

Knight, Inc., has issued a three-year bond that pays a coupon of 5.00 percent. Coupon payments are made semi-annually. Given the market rate of interest of 3.70 percent, what is th

Linear programing, Linear objective function & non linear objective functio...

Linear objective function & non linear objective function.

Explain what is your forecast of profit for a store, The XYZ Paint shop own...

The XYZ Paint shop owns and operates a dozen shops in central Missouri. Their signature paint is Green Pearl on Electric Blue Candy. Sales (X, in millions of dollars) is related to

Discuss about the holding inventory control systems, Discuss about the Hold...

Discuss about the Holding Inventory Control Systems. Holding Inventory Control Systems: Holding great levels of inventory enables an organisation to be extra flexible to

Find the causes of faces shortages of fresh water, Utah is a popular resort...

Utah is a popular resort and is being developed as a hot new spring break destination. Unfortunately, Utah regularly faces shortages of fresh water. Ann has the entrepreneurial spi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd