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Tag - operations management homework help

Product Design in Operations Management: An Overview

Operations Management Product Design Product design is one of the crucial stages in Operations Management. The design of a product or a service is one of the most important steps. This will definitely affect the earnings from the product. The basic limiting characteristics of the production system design are set during the product design phase. In designing the product, or the item to be processed in nonmanufacturing systems, the product designer specifies materials, tolerances, basic configurations, methods of joining parts [...]

The Concept of Facility Location

Operations Management Facility Location In company’s strategy formulation, the type of goods and services it shall offer, the markets in which it will compete will be determined. Demand forecasts are made to estimate the demand for a particular product in various markets. In this regard the company’s strategy will also include selecting the location from which potential markets will be served. The location of a service operation will help determine how conveniently customers can conduct business with the company. Location of [...]

Transportation Models

Operations Management – Transportation Models Transportation models are a special type of linear programming models. These models are applicable not only for solving problems of transportation but also for solving a variety of industrial problems. Usually such problems have a large number of variables and constraints. Though possible, the computational effort required to solve such problems by the simplex technique is prohibitive. However, these problems have some special features and we can solve them by simpler methods. Suppose a company has [...]

Process Oriented Layout

Operations Management-Process Oriented Layout A Process Oriented Layout can simultaneously handle a variety of products and services. This is the traditional way to support a product differentiation strategy. It is most efficient when making products with different requirements or when handling customers, patients, or clients with different needs. A process oriented layout is typically the low-volume, high-variety strategy. In a job-shop environment, each product or small order is produced by moving it from one department to another in the sequence [...]

Operations and Operations Management

Operations and Operations Management Operations and Operations Management are of strategic importance to an organization. This is because all of the aspirations that modern day organizations have to excel in any of the following – mass customization, lean production, agile manufacturing, customer-centric provision and so on – depend on the ability of the organizations to actually do these things and such capabilities reside within operations. This is very important because it brings together a number of key issues that need to [...]

Deterministic Inventory Model

Deterministic Inventory Model Deterministic Inventory Model based on the assumption that all parameters and variable associated with an inventory are known or can be computed with certainty, and that the replenishment lead time is constant and independent of the demand. Deterministic Inventory Models This is one of the oldest developments in material management. Ford Harris developed it in 1915 and later R.H. Wilson in 1943, popularized it among researchers and practitioners. Assumptions of the Model 1. Demand for the inventory is deterministic, i.e., it [...]