Which of the following is the correct sequence describing the evolution of operationsmanagement?Select one:a. quality, service, customization, time-based competition, efficiency, sustainabilityb. quality, efficiency, time-based competition, sustainability, customization, serviceefficiency, customization, quality, service, sustainability, time-based competitiond. efficiency, quality, customization, time-based competition, service, sustainability

An essential component of business is operations management, which is supervising the procedures and…

Answered: Which of the following is the correct…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter4: Linear Programming Models

Section4.8: Data Envelopment Analysis (dea)

Problem 42P

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uiven the contribution made on each of the three proaucts in the following table and uieir position in the life cycle, identify a reasonable operations strategy for each: COMPANY CONTRIBUTION (%: TOTAL ANNUAL CONTRIBUTION (% OF SELLING DIVIDED BY TOTAL POSITION IN ANNUAL SALES) PRODUCT CONTRIBUTION PRODUCT PRICE) LIFE CYCLE Smart watch 30 40 Introduction Tablet 30 50 Growth Hand calculator 50 10 Decline
Which of the following is NOT a strategic operations management decision? Select one: a. maintenance b. quality c. layout design d. price and. Inventory
Determine whether the following is a feasible sales and operations plan. Assume that the company has 56,000labor hours available during the next planning period time horizon. Product Units Demanded Standard Hours (in hours/unit) A 14,000 0.95 B 35,000 0.95 C 5,500 1.70 D 28,500 0.20 The total labor hours required by these four products for the next quarter is ______ (Enter your response as a whole number.)
The operations strategy concerns the pattern of strategic decisions and actions which set the role, objectives and activities of the operation. Select one: O True O False
As operations manager of Holz Furniture, you must make a decision about adding a line of rustic furniture. In discussing the possibilities with your sales manager, Steve Gilbert, you decide that there will definitely be a market and that your firm should enter that market. However, because rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision, and you are sure that you should have a second process. But you do question how large to make it. A large process line is going to cost $425,000; a small process line will cost $300,000. The question, therefore, is the demand for rustic furniture. After extensive discussion with Mr. Gilbert and Rosalita Ferrera of Ferrera Market Research, Inc., you determine that the best estimate you can make is that there is a two-out-of-three chance of profit from sales as large as $625,000 and a one-out-of-three chance as low as $350,000. With a large…
As operations manager of Holz Furniture, you must make a decision about adding a line of rustic furniture. In discussing the possibilities with your sales manager, Steve Gilbert, you decide that there will definitely be a market and that your firm should enter that market. However, because rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision, and you are sure that you should have a second process. But you do question how large to make it. A large process line is going to cost $425,000; a small process line will cost $350,000. The question, therefore, is the demand for rustic furniture. After extensive discussion with Mr. Gilbert and Rosalita Ferrera of Ferrera Market Research, Inc., you determine that the best estimate you can make is that there is a two-out-of-three chance of high demand resulting in $600,000 profit from sales and a one-out-of-three chance of low demand…
Outsourcing involves external risks which the operations managers must consider, which of the following is NOT a risk brought by outsourcing? Group of answer choices a. increased employment levels b. logistics concerns expansionc. changes in facility requirementsd. quality control systems and manufacturing processes’ potential adjustments
As operations manager of Holz Furniture, you must make a decision about adding a line of rustic furniture. In discussing the possibilities with your sales manager, Steve Gilbert, you decide that there will definitely be a market and that your firm should enter that market. However, because rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision, and you are sure that you should have a second process. But you do question how large to make it. A large process line is going to cost $425,000; a small process line will cost $350,000. The question, therefore, is the demand for rustic furniture. After extensive discussion with Mr. Gilbert and Rosalita Ferrera of Ferrera Market Research, Inc., you determine that the best estimate you can make is that there is a two-out-of-three chance of high demand resulting in $600,000 profit from sales and a one-out-of-three chance of low demand…
As operations manager of Holz Furniture, you must make a decision about adding a line of rustic furniture. In discussing the possibilities with your sales manager, Steve Gilbert, you decide that there will definitely be a market and that your firm should enter that market. However, because rustic furniture has a different finish than your standard offering, you decide you need another process line. There is no doubt in your mind about the decision, and you are sure that you should have a second process. But you do question how large to make it. A large process line is going to cost $450,000; a small process line will cost $325,000. The question, therefore, is the demand for rustic furniture. After extensive discussion with Mr. Gilbert and Tim Ireland of Ireland Market Research, Inc., you determine that the best estimate you can make is that there is a two-out-of-three chance of profit from sales as large as $650,000 and a one-out-of-three chance as low as $300,000. With a large process…
Consider this sign seen in a local restaurant: “To-go orders do NOT include complimentary chips and salsa. If you have any questions, see our management, NOT our employees.” What impact does this message have on its employees, their service processes, and customer satisfaction? Contrast this approach with the one taken by a five-star restaurant. Are the differences primarily due to different competitive priorities?
T-shirts Inc. has 12 operators, and the company works 8 hours a day (8 am to 5 pm with an hour break), 7 days a week. Company is manufacturing t-shirts and standard minute value for a line to finish a t-shirt =5 minutes. Company produces 8,000 t-shirts a week. Calculate the output, input and productivity (first two answers in minutes and third as a percentage [round to 100th place]). How long will this company need to complete a client’s order for 10,000 t-shirts?
Inghams’s Pizzas is a chain of pizza stores. Pizzas are made fresh in-store, and then delivered tocustomers by a fleet of drivers. The senior management team has identified the strategic priorities forthe business as on-time delivery and product quality.Required:a) For each of the strategic priorities, suggest three performance measures. b) If the company is successful in achieving challenging targets for these performance measures, willit also necessarily achieve high profitability? Explain your answer.

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