Midterm 05 06
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This document contains 5 questions from a mid-term exam on simulation software packages. Question 1 asks students to draw a causal loop diagram showing the relationship between a target budget, budget pressure, cost-cutting measures, and costs. Question 2 asks students to modify a production and inventory model to incorporate a repair process for defective units. Question 3 asks students to determine the net rate of change from a graph of a stock trajectory. Question 4 asks students to discuss key functions of system dynamics and steps in the modeling process. Question 5 asks students to construct a simple labor sector model using given modeling constructs.
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benefit systems will be analyzed to gain a deeper understanding of the importance of such systems to the organization’s overall human resource
management
• At the conclusion of this course, students will be able to demonstrate the acquisition and application of theories and concepts that support the
enhancement and proficiency in 7 primary competencies: strategic approach, research, teamwork, communication, analytical skills, problem solving,
and legal and ethical practices
Preparation
1. Read the Building Strategic Compensation Project narrative linked in the course menu of the MyManagementLab home page. Note: Section 3:
Recognition of Individual Achievements WILL NOT be included in the course project.
2. Download the Comp Analysis Software Microsoft Excel file. Directions on accessing this file are located in the Module Resources section of Module One.
To run on a PC, the file requires Microsoft Excel 2007 or later. To run on a Mac, the version requires Excel 2011 or later.
o NOTE: Users of the CompAnalysis software must set the macros to a low level in order for the software to work. If the macros are set on too high of a
security level, then the software will be disabled and will not work properly. Navigate to the Tools menu, click Macros, and then click Security. Lower
the security level, save the spreadsheet, close, and re-open.
o Click on the External Market Survey feature, which will be used in Section 2 of the project, titled Market Competitiveness. Make your decisions first
by following the directions in the Building Strategic.
Developing a Multiple-Criteria Decision Methodology for the Make-or-Buy Problem
Developing a Multiple-Criteria Decision Methodology for the Make-or-Buy ProblemInternational journal of scientific and technical research in engineering (IJSTRE)
Engineering design is the process of developing a system, component or process to satisfy the desired
requirements. It is a decision making process, in which the basic mathematics and engineering disciplines are
utilized to convert resources optimally to achieve a predetermined objective. It also includes a variety of
realistic constraints such as reliability, safety, economic factors, ethical and social impacts. This work proposes
a methodology and a procedure for the make-or-buy problem. Companies following this methodology are
guided through a structured sequence comprising identification of factors for the make-or-buy decision, and the
comparison of internal sourcing and external sourcing factors against each other. Multi-attribute decisionmaking
is utilized to present an overall make-or-buy decision recommendation.2010 May P2 May 2010for publication.pdf
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- It outlines two sections (A and B) comprising multiple choice and long answer questions on topics like budgets, variances, production systems, and performance measurement.
- Formatting requirements, resources provided, and instructions to label/seal the answer booklet are also specified.
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a. Observe the critical path diagram. Why are there two arrows pointing to task F? b. Why is the critical path shown as A-B-E-G-I? How is the critical path defined
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1) An assignment on critical path analysis and the impact of changing task durations.
2) An assignment on operations forecasting using Excel and writing a report.
3) A study guide for a final exam covering topics like production processes, forecasting methods, inventory models, and supply chain classification.
Bis 219 final exam
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This document contains information about operations management concepts and assignments. It includes critical path diagrams, operations forecasting assignments, and a final exam guide with multiple choice questions covering topics like production layout, forecasting methods, inventory models, quality control, and lean manufacturing. Key terms and concepts are defined such as synchronous manufacturing, statistical process control, utilization, lead time, waste reduction, and learning curves. True/false statements are also presented about services, operations consulting processes, and transportation modes.
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a. Observe the critical path diagram. Why are there two arrows pointing to task F? b. Why is the critical path shown as A-B-E-G-I? How is the critical path defined? c. What would happen if activity F was revised to take 4 days instead of 2days?
OPS 571 HELP Education Counseling--ops571help.com
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OPS 571 HELP Become Exceptional--ops571help.com
This document contains information about operations management concepts and assignments. It includes the critical path of a project, operations forecasting assignment steps, exam questions on topics like forecasting, production planning, quality control and more. It also provides guidance on final exams in operations management classes and definitions of key terms.
QSO 300 Final Project Guidelines and Rubric Overview .docx
QSO 300 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a comprehensive case study analysis. Every business—whether a beauty salon, automobile manufacturer, or
professional baseball team—has an operations component that creates goods and services by transforming inputs into outputs. There are a wide variety of tools
and techniques that operations managers draw upon to increase efficiency and effectiveness, creating value for customers. Operations management
professionals are in high demand across a variety of industries. Having basic knowledge of operations functions and their integration capabilities is critically
important in the world of business. For example, applying the limitations of production in marketing and sales is a routine task. Managing the equipment and
supplies needs of operations management is a basic skill looked for in finance and accounting workers.
For your final assessment in this course, you will analyze a case study that addresses several key operations management fundamentals. You will use the tools
and techniques that operations managers use and incorporate your instructor’s feedback into the final summative analysis. You will address the typical problems
that operations managers face using the knowledge you have gained from this course. Finally, you will discuss the emerging concepts of sustainability in business
management, specifically the topics of corporate responsibility and environmental compliance.
The project is divided into three milestones, which will be submitted at various points throughout the course to scaffold learning and ensure quality final
submissions. These milestones will be submitted in Modules Two, Four, and Five. The final project is due in Module Seven.
In this assignment, you will demonstrate your mastery of the following course outcomes:
Evaluate the influence of operations functions on generating value for a firm and its customers
Explain theories and techniques used by operations managers for informing production processes
Accurately apply problem-solving and decision-making skills to real-world problems using quantitative and qualitative methodologies
Integrate emerging principles into operations management functions by addressing corporate responsibility and environmental sustainability
Prompt
Using the knowledge you have gained from this course, you will write a comprehensive analysis of the Nissan case study we have been analyzing throughout this
course by addressing the critical elements below.
Imagine that you are hired into the role of the operations manager at the company described in the case study. Although there are many issues facing the
company, you have some experience and are well qualified to provide direction in solving these problems. To address many of the questions below, you will want
to review your submissions from previous modules and incorporate instructor fe ...
Mi0038 enterprise resource planning
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a. Observe the critical path diagram. Why are there two arrows pointing to task F? b. Why is the critical path shown as A-B-E-G-I? How is the critical path defined? c. What would happen if activity F was revised to take 4 days instead of 2days?
ACC 207 Final Project Guidelines and RubricOverviewThe final p.docx
ACC 207 Final Project Guidelines and Rubric
Overview
The final project for this course is the creation of a quantitative analysis with a memo to management.
Classifying a
company’s
costs allows for an in-depth analysis of the impact that changes in output
have
on revenues, costs, and net income or net loss. A
cost-
volume-profit (CVP) analysis will be completed in order to determine the
breakeven
point. Relevant costs will be used to prepare a flexible budget. Additionally, an appropriate costing
system
should be selected and the choice should be substantiated with reasonable rationale. Finally, a memo should be prepared
for
management that summarizes the results of the quantitative analysis and
makes
recommendations for an optimal costing
system
to be ethically used by
key
decision
makers.
The project is divided into
three milestones
, which will be submitted at various points throughout the course to scaffold learning and ensure quality final submissions. These milestones will be submitted in
Modules Two, Four,
and
Five.
The quantitative analysis with a memo to management will be submitted in
Module Seven
.
In this assignment, you will demonstrate your mastery of the following course outcomes:
·
Utilizecostbehaviorand
cost
analysistoassistdecision
makers
inplanningandaddingvalue
to
thebusiness
·
Prepareaflexiblebudgetforsupportinginformedmanagerialdecisionmaking
·
Interpret variances for determining the optimal costing
system
to fit an
organization’s
internal accountingneeds
·
Interprettheroleofethicsincostaccountingfordeterminingitsimpactondecisionmaking
Prompt
In this assignment, multiple analyses will be conducted in order to obtain a company’s financial information specific to company costs.
MDE manufactures outdoor garden items such as lawn ornaments and bird feeders. MDE uses a standard costing system to set standards for direct materials, labor, and overhead costs. MDE reviews and revises standards as necessary. Recently, budget variances for bird feeders have caused some concern. You, the company’s cost accountant, have been asked to examine the numbers for the product, explain the variances, and suggest ways to improve performance.
Specifically, the following
critical elements
must be addressed:
You will begin by using the
MDE Manufacturing Budget
(Table I) to analyze costs, contribution margin, and breakeven point for the bird feeder division. You will then analyze the actual costs and complete a cost-volume-profit (CVP) analysis to determine how many bird feeders must be sold at the current cost and sales price level to earn a $10,000 profit and how much the sales price would have to increase to earn a $10,000 profit at the same cost and sales volume level. Use Tabs 1 and 2 of the
Student Workbook
.
I.
Costs
a)
Classify all product and
period costs
appropriately.
b)
Compute a
cost-volume-profit analysis
. What are the implications of thisanalysis?
c)
Compute
contribution m.
UOP OPS 571 Inspiring Innovation--uopops571.com
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a. Observe the critical path diagram. Why are there two arrows pointing to task F? b. Why is the critical path shown as A-B-E-G-I? How is the critical path defined? c. What would
What is transaction processing
FOR MORE CLASSES VISIT
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1. Which of the following is a measure of operations and supply management efficiency used by Wall Street? Dividend payout ratio Receivable turnover Current ratio Financial leverage Earnings per share growth
2. An activity-system map is which of the following? A diagram that shows how a company's strategy is delivered to customers A timeline displaying major planned events A network guide to route airlines A facility layout schematic noting what is done where A listing of activities that make up a project
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GraphRAG for Life Science to increase LLM accuracy
Midterm 05 06
- 1. Cairo University Faculty of Computers & Information Department of Decision Support Simulation Software Packages Mid-Term Exam 2005/2006 Duration: 1.5 hours Solve ONLY four questions. Question 1: Budgets are great for tracking money as it flows through a company. But when they are used for other purposes – long-range planning or assessing performance – they can distort reality and mislead managers. When budgets become an end themselves, the company suffers. The result: Managers end up managing the budget rather than managing the company. Here’s what typically happens: As a result of the annual budgeting process, each division is given a budget, a target level of spending. If actual costs exceed the budget, everyone in the division begins to experience budget pressure. A division may respond in a variety of ways: Laying off employees, cutting back the workweek, dropping bonuses, and eliminating expenditures for training and outside conferences. Eventually, to management’s relief, the monthly and quarterly results improve. Draw a simple single loop diagram that captures the causal relationship between; Target Budget, Budget Pressure, Cost-Cutting Measures, and Cost. Question 2: Given part of the Sterman’s Production & Inventory model. Assume that a new quality control unit is now placed in the warehouse where inventory is stocked. The quality control unit inspects all stocked units. If a defective unit is found, it is moved from inventory to the repair shop. From past data records, the percentage of defective units is 20% of all stocked units. The defective units remain in the repair shop for about 3 weeks, which is the average repair time. After being repaired, units are moved from the repair shop back to inventory and ready for shipment. Modify the model to incorporate the repair process. Add any modeling constructs you feel necessary (stocks, flows, constants, or auxiliary variables). Write down the equation or value of each of the modeling constructs you added. 1
- 2. Question 3: The trajectory of a stock is shown in the figure below. Determine the behavior of its net rate by graphical differentiation. Question 4: 1. Discuss briefly the two systems dynamics key functions. 1) It compress space, time and saves money. 2) Vehicle for building a shared vision. 2. Mention the main steps of the modeling process, and briefly discuss the first step. Question 5: Based on Sterman’s manufacturing model, construct a simple structure for the labor sector given the following modeling constructs. Labor Hiring Rate Quit Rate Average duration of employment Labor adjustment time Adjustment for labor Desired labor Desired hiring rate i. Determine the type of each modeling constructs (stock, flow, constant, or auxiliary variable) ii. Draw the stock and flow diagram of this structure. iii. Write down the equation or value of each modeling construct. 2
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