|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
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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 cash flow associated with a particular
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Perception Gaps With McDonalds McDonald’s‚ one of America’s favorite fast food brands‚ has very mixed reviews from its consumer base. As a result‚ several gaps in consumer perception of service vs management perception of service have developed. This starts with the initial experience at the register when the customer places their order. The average American expects quality service from food service establishments. This means that they expect to be treated with value and with respect. However‚
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Life in the Spiritual Realm From handcuffs to holding hands with my fellow church members I can personally say God has saved me from devastation. My first two years of high school was very unbiblical. My freshman and sophomore year I had little to no spiritual leader and influence in my life. I was running with the world. I was in love with what the world had to offer me. I soon became not only a victim but also a leader of what the world wanted me to lead. I was encouraging
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Semester II Examination Papers IIBM Institute of Business Management Semester-II Examination Paper MM.100 Production and Operation Management Section A: Objective Type (30 marks) • • • This section consists of Multiple choice questions & Short Notes type questions. Answer all the questions. Part One questions carry 1 mark each & Part Two questions carry 5 marks each. Part One: Multiple choices: 1. If the number of restrictions on sources be ‘a’ and the number of restrictions
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prototyping Jobbing Processes Low volume and high variety‚ non repetitive‚ often complex‚ resources shared with other jobs. Example: furniture restoration‚ tailoring Batch Processes Similar to jobbing processes with less variety. Production of one item at a time. This can be found over a wider range of volume and variety levels. Example: frozen foods‚ automotive components Mass Processes High volume‚ relatively low variety‚ repetitive and predictable Example: DVD production‚ catering food
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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 task which requires contemplation and anticipation of the field of scope I shall be covering‚ therefore this module can also help me to broaden my mind and it may help me to be involved as an active participant. 1. Study skills I. Reading and writing skills Through these study skills I realize that I have improvement on my reading and writing
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Research Vol. 48‚ No. 14‚ 15 July 2010‚ 4179–4198 The impact of inclusive and fragmented operations strategy processes on operational performance Steve Browna*‚ Brian Squireb and Mike Lewisc a School of Business‚ University of Exeter‚ Rennes Drive‚ Exeter EX4 4PU‚ UK; Decision Sciences and Operations Management‚ Manchester Business School‚ Booth Street West‚ Manchester‚ M15 6PB‚ UK; cSchool of Management‚ University of Bath‚ Claverton Down‚ Bath‚ BA2 7AY‚ UK b (Received 18 June 2008;
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Question 1 A single machine work center has five jobs assigned to it. They are labeled‚ in the order of their arrival in the shop‚ as jobs A‚ B‚ C‚ D and E. The work center may work on only one job at a time and must complete any job it starts before starting another job. Job A has a processing time of 6 days and is due to the customer in 9 days. Job B has a processing time of 2 days and is due in 16 days. Job C has a processing time of 4 days and is due in 10 days. Job D has a processing time
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Operations Management london zoo and nottimham castle case study In today’s information age‚ it is important for businesses to take advantage of the available avenues to reach out to customers and potential customers. Tourist attractions such as London Zoo‚ and Nottingham Castle‚ are no exceptions of being in the age of constant information flows. These places want to attract visitors with their facility layouts and overall experiences‚ and to improve upon what they already have‚ they would need
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