market and must decide on the type of manufacturing strategy for their new pharmaceuticals to remain competitive. Their objectives include increasing new product speed to market by 50% and reducing the cost of manufacturing by 25%. The issues facing the company’s manufacturing strategy decision are numerous. The pharmaceutical industry’s average annual growth rate in 1982 through 1992 was 18%; however‚ this rate is expected to slip to the 8% to 12% range in 1993. Correspondingly‚ Eli Lilly’s
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Students at the Yaba College of Technology this morning shut down the institution to protest a vicious attack on one of the students by an unnamed assailant identified simply as a member of a cult group. The stabbing attack took place last night. learnt that the college’s students began their protests around 10 p.m. on Wednesday.The whole campus erupted with students spilling out to take over every area of the campus in condemnation of the attack‚” one of the students told our correspondent. He
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Facility management (or facilities management or FM) is an interdisciplinary field devoted to the coordination of space‚ infrastructure‚ people and organization‚ often associated with the administration of office blocks‚ arenas‚ schools‚ convention centers‚ shopping complexes‚ hospitals‚ hotels‚ etc. However‚ FM facilitates on a wider range of activities than just business services and these are referred to as non-core functions. Many of these are outlined below but they do vary from one business
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"Over time‚ the costs of processing go down because as organizations learn how to do things better‚ they become more efficient. in color film processing‚ for example‚ the costs of a 3-by-5-inch print fell from 50 cents for five-day service in 1970 to 20 cents for one-day service in 1984. The same principle applies to the processing of food. And since Olympic Foods will soon celebrate its 25th birthday‚ we can expect that our long experience will enable us to minimize costs and thus maximize
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Facility Layouts A Multifaceted Approach to Understanding of Facility Layouts Subhashish Pradhan Shantanu Aggarwal Kritank Chowdhry Sarath Prathipati Shiva Bhushan Table of Contents 1.1 Introduction _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 3 1.2 Process Layouts _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
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FACILITY LOCATION There are many analytical techniques that can be used in facility location decisions.Some of these are: 1) Factor Rating 2) Cost-Profit-Volume analysis 3) Center of Gravity Method‚ etc FACTOR RATING METHOD It is most widely used analytical technique. it is most popular technique because a wide variety of factor can be included in the analysis .It is useful for service and industrial location. In this method to merge quantitative and qualitative factors‚ factors are assigned
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Agency Costs and Financial Decision-Making The Concept An agency relationship is a contract under which one or more persons (the principal(s)) engage another person (the agent) to perform some service on their behalf which involves delegating some decision making authority to the agent. If both parties to the relationship are utility maximizers and they may have divergent goals and objectives‚ and there is good reason to believe that the agent will not always act in the best interests of the
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As businesses we are all aware of the costs of communication. These costs come from travelling to meet customers‚ talking over the phone with staff or customers‚ briefing and managing teams and many other areas that are essential in running a company. Skype Cutting Down Your Business Communication Costs. Effective communication with suppliers‚ staff and customers is vital for any business‚ but communication can be costly‚ unless you take steps to make it as efficient as possible. Here are
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measuring the effectiveness of a facilities layout Dhamodharan Raman Sev V. Nagalingam‚ Grier C.I. Lin Centre for Advanced Manufacturing Research‚ University of South Australia‚ Mawson Lakes Boulevard‚ Mawson Lakes‚ SA 5095‚ Australia Received 29 January 2007; received in revised form 18 May 2007; accepted 13 June 2007 Abstract Performance measurement models are essential to support various decision making problems that may arise during life cycle of a facilities layout. Available models are
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Facility Layout Payless ShoeSource Operation Management -EMD Instructor: Dr. Hussein El Behery Aya Elsobky Index: i. Introduction 3 ii. Layout objectives 4 iii. The needs for layout decisions 4 iv. Factors affecting Layout 5 v. Layout types a. Product layout b. Process layout c. Fixed position layout d. Cellular layout (new) 6 - 9 vi. Conclusion 10 vii. Applying on case 11 viii. References 12 I. Introduction: In this paper we will be discussing
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