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Operations Management
Answer the following question.
Q1.3. A company has asked YOU to
evaluate the firm’s productivity by comparing this year’s performance with last
year’s. The following data are available: ______________Last Year This Year
OUTPUT 10 500 units 12 100 units Labour Hours 12 000 13 200 Utilities 7
600 MU 8 250 MU Capital 83 000 MU 88 000 MU Has the company improved its
PRODUCTIVITY during the past year?(10marks)
Q2.4. A firm cleans chemical tank cars
in the Bay Gazimagusa area. With standard equipment, the firm typically cleaned
60 chemical tank cars per month. They utilized 10 gallons of solvent, and two
employees worked 20 days per month, 6 hours a day. The company decided to
switch to a larger cleaning machine. Last February, they cleaned 60 tank cars
in only 15 days. They utilized 12 gallons of solvent, and two employees worked
6 hours a day.
a. What was their productivity with the
standard equipment?
b. What is their productivity with the larger
machine? c. What is the change in productivity?(10marks)
Q3. Define the terms “Qualitative
Methods”, “Trend Analysis Method (Time Series Method), and “Causal
Forecast”.Describe the uses of them.(10marks)
Q4. What do you see as the main problem
with qualitative (judgmental) forecasts? Are they ever better than
“objective”methods?(10marks)
Q5. Regression and correlation are both
termed “causal” methods of forecasting. Explain how they are similar in this
respect and also how they are different.(10marks)
Q6. List four basic operations
strategies. (10marks)
Q7. Explain the difference between
total and partial productivity. (10marks)
Q8. What is continuous improvement
(CI)? What are the major tools for this philosophy? (10marks)
Assignment Solutions, Case study Answer sheets
Project Report and Thesis - Contact
ARAVIND – 09901366442 – 09902787224
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