Discuss basis of making a capacity decision What information does a decision maker need in order to perform an expected-value analysis of a problem? What options are available to the decision maker if the probabilities of the states of nature are unknown? Can you think of a way you might use sensitivity analysis in such a case? 12. Suppose a manager is using maximum EMV […]

Discuss the importance of capacity planning 1. Why is it important to match process capabilities with product requirements? 12. Briefly discuss how uncertainty affects capacity decisions. 13. Discuss the importance of capacity planning in deciding on the number of police officers or fire trucks to have on duty at a given time. 14. Why is capacity planning one of the most critical decisions a manager […]

Order reliability discussion questions Define the term reliability. 2. Explain why a product or system might have an overall reliability that is low even though it is comprised of components that have fairly high reliabilities. 3. What is redundancy and how can it improve product design? DISCUSSION AND REVIEW QUESTIONS PROBLEMS 1. Consider the following system: .90 .90 Determine the probability that the system will […]

Order disadvantages of standardization questions 1. What are some of the factors that cause organizations to redesign their products or services? 2. Contrast applied research with basic research. 3. What is CAD? Describe some of the ways a product designer can use it. 4. Name some of the main advantages and disadvantages of standardization. 5. What is modular design? What are its main advantages and […]

.Order the impact on forecasting questions What factors enter into the choice of a value for the smoothing constant in exponential smoothing? 11. How accurate is your local five-day weather forecast? Support your answer with actual data. 12. Explain how using a centered moving average with a length equal to the length of a season eliminates seasonality from a time series. 13. Contrast the terms […]

Analyzing qualitative forecasting techniques List features common to all forecasts. LO3.2 Explain why forecasts are generally wrong. LO3.3 List the elements of a good forecast. LO3.4 Outline the steps in the forecasting process. LO3.5 Describe four qualitative forecasting techniques. LO3.6 Use a naive method to make a forecast. LO3.7 Prepare a moving average forecast. LO3.8 Prepare a weighted-average forecast. LO3.9 Prepare an exponential smoothing forecast. […]

ways that banks compete for customers 1. From time to time, various groups clamor for import restrictions or tariffs on foreign-produced goods, particularly automobiles. How might these be helpful? Harmful? 2. List the key ways that organizations compete. 3. Explain the importance of identifying and differentiating order qualifiers and order winners. 4. Select two stores you shop at, and state how they compete. 5. What […]

Discuss operations management and supply chain Briefly describe the terms operations management and supply chain. 2. Identify the three major functional areas of business organizations and briefly describe how they interrelate. 3. Describe the operations function and the nature of the operations manager’s job. 4. List five important differences between goods production and service operations; then list five important similarities. 5. Briefly discuss each of […]

Order importance of manufacturing innovation How important is the loss of manufacturing jobs to the nation? 2. Can you suggest some actions the government (federal, state, or local) can take to stem the job loss? 3. What evidence is there of the importance of manufacturing innovation? Having a hard time figuring out how to do your assignment? Ask our experts for help and get it […]

Order supply and demand discussion 1. What are trade-offs? Why is careful consideration of trade-offs important in decision making? 2. Why is it important for the various functional areas of a business organization to collaborate? 3. In what general ways does technology have an impact on operations management decision making? TAKING STOCK CRITICAL THINKING EXERCISES This item also will appear in every chapter. It allows […]