1 Introduction to Operations Management McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies‚ Inc. All rights reserved. Learning Objectives § § Define the term operations management Identify the three major functional areas of organizations and describe how they interrelate Compare and contrast service and manufacturing operations Describe the operations function and the nature of the operations manager’s job § § 1-2 Learning Objectives § Differentiate between
Premium Management Mass production Supply chain management
predictable flow‚ highest volume‚ and lowest variety. Example: water processing‚ petrochemical refineries Professional Services High contact processes‚ high customer contact and involvement‚ high level of customization‚ often people based. Example: Management consultants‚ doctors‚ lawyers Services Shops Mix of front and back-office services‚ differing levels of volume and variety. Example: Banks‚ hotels‚ schools‚ restaurants Mass Services High amount of throughput‚ limited customer contact‚ little
Premium ARIA Charts Complexity Food
COST DEFINITIONS Fixed Cost – expenses that remain constant over a wide range of output volumes Variable Costs – expenses that vary proportionately with changes in output. Sunk Costs – expenses already incurred that have no salvage value Opportunity Costs – profits lost when one alternative is chosen over another that would have provided greater financial benefits. Avoidable Costs – expenses resulting from poor productivity incurred if an investment is not made. Out-of-Pocket Costs – actual
Premium Costs Variable cost Net present value
ARTICLE CRITIQUE The influence of work-cells and facility layout on the manufacturing efficiency‚ Journal of Facilities Management. 1. Introduction This purpose of this paper is to critique the article ‘The influence of work-cells and facility layout on the manufacturing efficiency’ written by SeyedMahmoud Aghazadeh‚ Saeedreza Hafeznezami‚ Lotfollah Najjar and Ziaul Huq. This paper will first summaries the article. Secondly‚ it will briefly critique the article. Thirdly is the conclusion
Premium The Conclusion Facility management Clearing
equipment during an hour is 500 units and its best operating level is at a rate of 400 units per hour‚ which of the following is the capacity utilization rate? → | 1.25 | 11. award: 0 out of 30 points Compared with a service operation‚ a manufacturing operation’s capacity is which of the following? → | Demand can be smoothed by inventory policies | ------------------------------------------------- Top of Form 13. award: 30 out of 30 points The capacity
Premium Capacity utilization Variable cost Fixed cost
|Midterm Example Test v2 | | 1. A manufacturing firm is considering three alternatives for automation. They anticipate annual production volume to be 75‚000 units. The costs for each alternative are as shown: | |Alternative | | |1 |2 |3 | |Annual Fixed Costs |60‚000 |$180‚000 |$300‚000 | |Variable Cost/Unit |$0.65 |$0
Premium Capacity utilization
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:
Premium Poisson distribution Probability theory Variable cost
Journal of Management Development Emerald Article: Applying new science theories in leadership development activities Stephen A. Stumpf Article information: To cite this document: Stephen A. Stumpf‚ (1995)‚"Applying new science theories in leadership development activities"‚ Journal of Management Development‚ Vol. 14 Iss: 5 pp. 39 - 49 Permanent link to this document: http://dx.doi.org/10.1108/02621719510081250 Downloaded on: 24-11-2012 Citations: This document has been cited by 3 other documents
Premium Management Leadership
Continental philosophy is a collective term used to describe the distinct philosophical traditions‚ methods‚ and styles that was popular in the European continent during the time of Immanuel Kant. Continental philosophy is usually countered with analytic philosophy or sometimes referred to as Anglo-American philosophy. During the 20th century continental philosophy embraced schools of thought such as phenomenology and existentialism. The major influences that this type of philosophy had were thinkers
Premium Structuralism Martin Heidegger Jacques Derrida
PERSONAL DEVELOPMENT AND REFLECTION THROUGHTOUT THE SEMESTER Introduction Core Business Skill is a task where I learnt how to improve on my basic skills and improving on personalize learning journal I have learnt many things that have not occurred before in my life. The main attempt here is to explain what I have gain throughout the whole semester. This task can help me boost on my Essential skill such as study skills‚ personal development skills and quantitative skills. This is not an easy
Free Learning