Operations Management

Each of your answers should be written using your own words. Do not copy and paste from your textbook or an Internet source. Ensure you cite your work and add reference(s) at the end of your journal. These should be the sources you are citing in your work. You should not need to do research from additional resources unless the question specifically asks you to do so;

1: Why would one study Operations Management?

2: John Lucy makes wooden boxes in which to ship motorcycles. John and his three employees invest a total of 40 hours per day making the 120 boxes.

What is their productivity?

John and his employees have discussed redesigning the process to improve efficiency. If they can increase the rate to 125 boxes per day, what would be their new productivity?

What will be their unit increase in productivity per hour?

What will be their percentage change in productivity?

3: Would Boeing be better described as a global firm or a transnational firm? Discuss.

4: Describe how an organization’s mission and strategy have different purposes.

5: Give an example of a situation in which project management is needed.

6: What are three phases involved in the management of a large project?

7: What is a qualitative forecasting model, and when is its use appropriate?

8: Identify and briefly describe the two general forecasting approaches.

9: Briefly describe the steps that are used to develop a forecasting system.

Sample Solution