What are major and minor decisions, Operation Management

What are major and minor decisions?

Decision with regard to financial outlay can be minor or major. A decision concerned to the purchase of a CNC machine costing several lakhs is a main decision and purchase of some reams of typing paper is a minor (issues or )decision.

Related Discussions:- What are major and minor decisions

Explain what is the bias, Given forecast errors of 5, 0, - 4, and 3, what i...

Given forecast errors of 5, 0, - 4, and 3, what is the bias?

OR, Ask Managers, as decision makers can purchase computer software to solv...

Ask Managers, as decision makers can purchase computer software to solve specific Operations Research (OR) formulations and as such it is not important for them to learn the OR tec

Production, Production Production is any process or procedure develope...

Production Production is any process or procedure developed to transform a set of input elements such as men, materials capital, information and energy into a specified set

What are the types of the workforce flexibility, What are the types of the ...

What are the types of the workforce flexibility? Types of workforce flexibility: a. Functional flexibility (task flexibility or multi-skilled employees) b. Financial f

Explain physical inventory-taking technique, Question 1 Shortage costs are ...

Question 1 Shortage costs are precise and easy to measure. Question 2 Savings from reduced inventory results in increased profit. Question 3 Using the probability approach we

Explain forecasting methodologies, Question : What are the common chara...

Question : What are the common characteristics amongst the several forecasting methodologies / techniques? The different techniques make a common assumption that what happen

Different types of performance objectives, Question : (a) According to...

Question : (a) According to Slack et al. (2001), in any organisation the factors that define customer requirements are referred to as competitive factors which are influenced

What is the goal of swot analysis, The goal of SWOT analysis is to ________...

The goal of SWOT analysis is to ________ the organization's opportunities and strengths while ________ its threats and ________ its weaknesses. (a) avoid; neutralizing; correcti

Solve lp problem using the graphical technique, Consider the following LP p...

Consider the following LP problem: Maximize Z = 30X1 + 10X2 Subject to: 3x1 + x2 300 x1 + x2 200 x1 100 x2 50 and x1,x2 0 Solve using the graphical technique

Service level agreements, Service Level Agreements are normally associated ...

Service Level Agreements are normally associated with Outsourcing.

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages