StudentShare
Search
Free

# Operation management problems - Speech or Presentation Example

Summary
The cost of hiring per worker is \$ 400. What is the total cost of hiring workers for the six month period? The current number of workers is 18.
What is the total cost of holding…

## Extract of sample "Operation management problems"

Operation Management Problems 1. What is the economic production quantity (EPQ) using the following data.
Annual Demand = 50,000 units
Set up cost per setup = \$ 200.00
Inventory holding cost per unit per year = \$ 8.00
Production per day = 50 units
Demand per day = 20 units
Question 9
1. What is total annual cost of inventory and set up if the batch size (Q) is 10,000 units? Use the following data.
Annual Demand = 50,000 units
Set up cost per setup = \$ 200.00
Inventory holding cost per unit per year = \$ 8.00
Production per day = 50 units
Demand per day = 20 units
Question 10
1. What is the number of set ups per year if the batch size (Q) is 5,000 units?
Annual Demand = 50,000 units
Set up cost per setup = \$ 200.00
Inventory holding cost per unit per year = \$ 8.00
Production per day = 50 units
Demand per day = 20 units
Question 11
What is the maximum inventory level if the batch size (Q) is 10,000 units?
Annual Demand = 50,000 units
Set up cost per setup = \$ 200.00
Inventory holding cost per unit per year = \$ 8.00
Production per day = 50 units
Demand per day = 20 units
The numbers of workers required in a chase plan for a six-month planning period are given below. The cost of hiring per worker is \$ 400. What is the total cost of hiring workers for the six month period? The current number of workers is 18.
Period 1 2 3 4 5 6
Number of Workers 20 22 21 18 21 22
What is the total cost of holding inventories for the following problem? The demand data is given in the following table. A level plan that produces 180 units per period in the regular time is being used. The inventory carrying cost per unit per period is \$ 10; and the shortage cost per unit per period is \$ 25. The beginning inventory is 40 units. There is no overtime production or subcontracting.
Period 1 2 3 4 5 6
Demand 220 200 150 160 200 190
A company is planning for its financing needs. What is the total cost (TC) per year given an annual demand of 240,000 units, ordering cost of \$45 per order, a holding cost per unit per year of \$7, and a cost per unit of the item of \$175? The item is purchased in lots of 20,000 units. TC includes the yearly ordering cost, inventory holding cost and the item cost.
If annual demand is 120,000 units, the ordering cost is \$25 per order and the holding cost is \$11 per unit per year, what is the economic order quantity?
A production department has regular capacity for 250 units. The overtime capacity is 40% of the regular time capacity. How many units will be subcontracted in a given month if the demand in that month is 400 units?
The EOQ is 250 units. The company decides to buy 210 units at a time instead of 250 (EOQ). This means that you are not buying EOQ. What happens to the total cost? The total cost includes annual order cost, annual inventory holding cost and the cost of the item.
Suppose annual demand is 20,000 units. The plant operates 7 days a week for 52 weeks in a year. What value of d (demand/day) will be used in the EPQ formula.
Cite this document
• APA
• MLA
• CHICAGO
(“Operation management problems Speech or Presentation”, n.d.)
(Operation Management Problems Speech or Presentation)
Operation Management Problems Speech or Presentation. https://studentshare.org/management/1660311-operation-management-problems.
“Operation Management Problems Speech or Presentation”, n.d. https://studentshare.org/management/1660311-operation-management-problems.
Click to create a comment or rate a document

## CHECK THESE SAMPLES OF Operation management problems

### Operation management

... in the marketplace. One remedy to all these problems can be the implementation of an enterprise system in the factory’s departments. This system has the ability to give company managers a holistic view of the operations of the business (Oz, 2009). This system will enable marketing manager to estimate demand taking into consideration all the pertinent variables. This will add confidence into the estimate. Not only will it allow marketing manager to forecast demand accurately but also it will enable him to take orders which the production floor will be able to manage. Since the production process is frequently severed by unplanned problems, there needs to be some sort of provisioning done to avoid the repercussions arising out... , And...
11 Pages(2750 words)Essay

### Operation management

...by the company. since the objective of most of the team operating may be protect the turf, there is a risk of the organization facing a serious control problem since some process are threatened through integration (Knapp 2010). Processes may require to be controlled in one way but the management takes a different dimension thus cultivating confusion in the system. There the organization has to organization its management and assign responsibilities to each of the members of the team execute in a professional manner. Training of the employees would be necessary to ensure the company’s operations are executed in way that is prescribed by the owner of the...
12 Pages(3000 words)Essay

### Operation Management

...?Operation Management Operation Management McDonald’s management is complicated in such a way that the case against them isof high degree since it affects human life. Pearson (2009) gives a clear picture of the today’s economy and the problems that many businesses may encounter when the finances are not well managed. The teaching of management is an important tool for any one running a business, and it should keenly work in away that suit the changing world. Human beings need to be reminded on the dangers of hot coffee and how they should handle the coffee with much care. The economic and social factor of...
13 Pages(3250 words)Essay

### Operation Management

...? OPERATIONS MANAGEMENT Executive Summary With the increasing sophistication of hotel guests and patrons, the continual improvement of hospitality services towards the attainment of unparalleled excellence in the business remains the only edge the hotel has to sustain its position if not attain the leadership in the industry. By adopting the ISO 9001:2008 framework, the acculturation of a learning organization into the consciousness of each employee of the hotel shall provide the impetus to strive and be better in providing service to hotel guests and patrons. A Quality Management System or QMS will govern the conduct of each of the hotel’s front liners. The QMS shall also provide the...
10 Pages(2500 words)Essay

### Operation Management

...influences all the business. The way to solve this problem is in complex view at the business. In other words a manager must fix all the business, not only one problem at the time. Another difficulty might occur when manager has not take in account all nacessary considerations of the operation and used the general principle. Consequently, Hotel is complex business unit that belongs to the service industry. It provides clients with a range of services and has its own features. There are methodologies developed by scientists and managers to help to coordinate processes of design, supply, planning, shop-floor control, environment,...
10 Pages(2500 words)Research Paper

### Operation Management

...? Operation management BY YOU YOUR SCHOOL INFO HERE HERE Executive Summary The hotel in the case study can take advantage of many benchmarking activities related to improving employee relations, launching eco-friendly technology initiatives and programmes and also providing training to employees regarding customer culture and attitude. It was identified through research that there are elements of quality related to food services as well as procurement that are directly related to budgeting and operational structure in shop-floor control methodology. It was determined that the most effective method for the hotel to gain competitive advantage and improve its outputs is to secure...
10 Pages(2500 words)Research Paper

### Operation Management

...? Executive Summary The focus of the paper is to review the shortcomings and to finally produce the potential remedies that would increase operational management efficiency of a leading five start hotel Fairmont operating in Singapore. Business dynamics and its performance cannot be kept in isolation from the macroeconomic constraints which either directly or indirectly influence business functions. So in order to develop a business plan all the factors need to be factored in to formulate the business plan. The paper would give a brief history of the hotel and evaluate the current situation in terms of its internal and external benchmarks. The solution to rectify...
10 Pages(2500 words)Research Paper

### Operation management

...). The core essence of any organization/business is to satisfy the needs of its customers through the provision of goods and services, and consequently solve their problems and create value for them. Production function and operations management are about applying management and business organization concepts in the creation of goods and services. When applied together, the production function and operations are very essential and influential in realizing an organization’s goals and meeting objectives. In order to create and supply value for customers in services and products, it is imperative that a company identifies customers’ preferences and then...
8 Pages(2000 words)Essay

### Operation management

...?Operation Management Table of Contents Introduction 3 Task and Operational Selection 3 Operational Process to be Improved 3 Supply Network Design Process - PayPal 4 Effectiveness of the Process 7 Weaknesses of the Process 8 2.Critique of Improvement Strategies 9 Ways of Improving the Effectiveness and Efficiency of Supply Chain Network Design of PayPal 9 Impact of the Measures on Cost, Quality, Flexibility, Dependability and Speed 11 11 Analysis of the Likely Barriers to Implementation and Overcoming the Same 11 3.Implementation 13 Conclusion 16 References 17 Introduction Business in the contemporary society is dependent on several variables that impact the...
12 Pages(3000 words)Assignment

### Operation management

...?Operation Management Introduction Background Information Many a times when we want to spend some money on some goods and services, we expect the quality goods and services that are delivered timely according to our expectations. One thing we never want to do is to spend much money for the services or for the goods either. Take for example, when one visits a restaurant; they require good quality food served to them quickly and at a cheaper price. Same to when we visit a hospital, we expect the doctor or nurse to attend to us quickly and give to us the best care. But one thing we wouldn’t like to do is to pay much for such services. To be able to deliver quality services and goods to the customers, there are management skills... that are...
4 Pages(1000 words)Essay