OM homework Help at HelpWithAssignment
OM homework Help at HelpWithAssignment
OM homework Help at HelpWithAssignment
Operations Managementhomework Help at HelpWithAssignment.com
Operations Management is the study of production of goods and services. The scope of the subject also revolves around the efficient usage of available resources or the optimum utilization of resources. The efficiency is measured in terms of meeting customer requirements on time and maintaining quality of the product or service that is offered.
The evolution of the subject can be traced back to the days of Industrial Revolution. When labor-intensive industries started to shift towards capital-intensive or got mechanized. Also with the increased study of Economics, topics like Marginal utility and Marginal production became more and more popular, the production houses started calculating their efficiencies and arrived at the points of highest production with the lowest cost.
The major activities of Operations Management include product creation, development and distribution. Related activities include managing purchases, inventory control, quality control, storage, logistics and evaluations. A great deal of focus is on efficiency and effectiveness of processes. Therefore, operations management often includes substantial measurement and analysis of internal processes.
The major topics in Operations Management are Operations Management problems from Basic Operations Management problems like Inventory Management, Distribution Strategy, Inventory Control to more advanced Operations Management Assignment Problems like JIT Production & Purchase, Agile Manufacturing, Total Quality Management, Logistics Planning, Returns Management.
Location Strategies
Factor Rating, Center of Gravity, Transportation Model
Layout Strategy
Fix-position layout, Processed Oriented layout, Office layout, Warehouse layout, Forecasting
Inventory
A-B-C analysis, Economic Order Quantity (EOQ), Economic Production Quantity (EPQ), Quantity Discount Models, Just in Time systems (JIT)
Aggregate Scheduling
Demand Chase, Mixed Strategy
Material Requirement Planning (MRP)
Bills of material, Lot-for-lot
Decision Theory
Decision Trees, Utility
PERT/CPM
Critical Path, Uncertain Data
Linear Programming
Linear Optimization, Simplex, Transportation Models, Integer Programing
Waiting-Line models
Queues, Single-Channel and Multi-Channel models
Statistical Process Control
Control Charts; X-bar, R-bar, p-bar, C-bar charts; Process Capability
Forecasting
Time Series, Moving Averages, Exponential Smoothing, Trend Projection, Seasonal Indexes
Simulation
Simulations in Excel, Monte CarloMethods
Other topics include
Logistics Management, Stochastic Inventory Model,Deterministic Inventory Model, EnterpriseResource Planning (ERP), Discrete Manufacturing, Inventory Management
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