Multifactor productivity (total factor) = ductivity) qqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqqOutputLabor+Material+Energy+Capital+Miscellaneous (1-2) CHAPTER 7: Value-added time = Operation time/total time (H-B) SUPPLEMENT 7: Utilization = Actual OutputDesign Capacity (S7-1) Efficiency = Actual OutputEffective Capacity (S7-2) Actual (Expected) output = (Effective Capacity)×(Efficiency) (S7-3) Break-even Analysis Notation:
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customers Moog‚Inc. is one of the principal suppliers of flight control servo valves and servo actuators used in military and commercial aircrafts – primary components in steering aircraft and missile directions.In 1985 Moog established a manufacturing operation in Baguio‚ City‚ Philippines which currently has more than 1‚000 employees. The civil servo valves undergo final phase manufacture and assembly in this facility. Almost sixty years later and with fourteen top-of-the line facilities distributed worldwide
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line meeting the M/M/1 assumptions has an arrival rate of 10 per hour and a service rate of 12 per hour. What is the average time a unit spends in the system and the average time a unit spends waiting? Ws = 1 / (μ - λ) = 1 / (12 – 10) = 1/2 or 0.5; Wq = λ / (μ*(μ-λ)) = 10 / (12*2) = 10 / 24 or 0.4167. (The variety of queuing models‚ easy) {AACSB: Analytic Skills} 4. A waiting line meeting the M/M/1 assumptions has an arrival rate of 10 per hour and a service rate of 12 per hour. What is the probability
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Guideline answers to short case study questions– Essential Operations Management Lecturer resources Essential Operations Management Lecturer resources Guideline answers to short case study questions 1 © Alex Hill and Terry Hill 2011 Guideline answers to short case study questions– Essential Operations Management Lecturer resources This document contains answers to the short case study questions contained within each chapter. For extended teaching notes relating to the long case studies
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TEAM ASSIGNMENT NO. 4 LOCATION PROBLEMS Problem No. 1 A) Based on Labor cost only‚ which location would be most economical to product the items? Data: LOCATION LABOR COST UNITS PRODUCE Cambodia 6 laborers @ $3/day= $18.00/day 40 China 10 laborers @ $2/day= $20.00/day 45 Billings‚ Montana 2 laborers @ $60/day= $120.00/day 100 COST OF GOODS PER UNIT LOCATION Labor cost per day/productivity COST PER UNIT Cambodia $18.00/40 $.45 China $20.00/45 $.44 Billings‚ Montana $120.00/100 $1.20
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Operations management has had to deal with a new type of business management in a business world that is vastly changing with new technology. Operations managers have had to adjust and retool how business is done since the inception of e-commerce. The impact that e-commerce has had on how an operations manager address a situation can vary from extreme to barely noticeable. Management has also had to learn how to adopt new technology with the growing e-commerce world. This has brought obstacles and
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IDS 355 Introduction to Operations Management Fall 2012 INSTRUCTOR: Prof. Aris Ouksel Office: UH 2411 Phone: 312-996-0771 E-mail: aris@uic.edu Office Hours: By appointment in UH 2411 INSTRUCTOR: Prof. Doug Lundquist Office: UH 2320 Phone: E-mail: dlundq1@uic.edu Office Hours: By appointment in UH 2320 TAs/INSTRUCTORS FOR LAB SECTIONS: TA/Instructor: Tapas Patil E-mail: tpatil4@uic.edu Office Hours: by appointment
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Portfolio Management and Investment Decision INTRODUCTION ‚ IMPORTANCE & NEED OF STUDY Portfolio management or investment helps investors in effective and efficient management of their investment to achieve this goal. The rapid growth of capital markets in India has opened up new investment avenues for investors.The stock markets have become attractive investment options for the common man.But the need is to be able to effectively and efficiently manage investments in order to keep maximum returns
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Introduction All operations use some kind of process technology‚ and the operation will have chosen to use the technology because it hopes to get some kind of advantage from it. Over the past decade retailers have turned traditional approaches to logistics and product distribution on their head‚ as there has been a move to embrace total supply chain management. While many companies have implemented new operational systems‚ leading retailer ASDA has taken the technology step further‚ implementing
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Chapter 1 Operations Management * Operations Management – the management of resources and processes required by an organization o produce goods or services. * Operations Function – the part of the organization that has the responsibility for operations management. * Efficiency – a measure of the success of an operation in converting inputs to outputs. * Low operating costs * Effectiveness - a measure of the success of an operation in producing outputs that satisfy customers
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