POM3310 HW1 Spring 2024 copy

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Apr 3, 2024

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Julissa Cantu POM 3310 Section 261 Professor Balaji Janamanchi
POM 3310 – 261 Production and Operations Management, Spring 2024 HW1: _____________________Due date: 2/12/2024____________ Total points 30 Instructions: Include a title sheet with your name, course, section, instructor and assignment details. Show step by step your calculations with clear explanations. Write the formula being used first before plugging in variable values. Remember, mere numerical expressions without explanations do not convey the correct meaning. Please turn in hard copy (paper copy) of your answers for the following questions, at the beginning of class hour on the due date – No email submissions accepted. Any email submissions need prior approval (only for valid excuses). Question 1 & 2 are for 3 points each and questions 3-8 are for 4 points each. Hint: refer to class notes, power points, practice questions and solved problems from chapter 1, 2, 3 and 4 while attempting to solve these quantitative problems. Q1. For this question, you need to look up and review the definitions of all key terms listed at the end of chapters 1, 2, 3 and 4 under Concept connections (pages 16-17, pages 38-39, page 75-76, and page 109) from the textbook. After reviewing them all, now, pick at least 5 key terms that you consider are most important from each chapter (total of at least 20 key terms from four chapters) and write down the definitions of these terms denoting chapter number at the top of each group of key terms (Chapter1, Chapter2 etc.).
Q2 a). List any three differences as discussed in the textbook, between a service and a good? b) What is product-service bundling and what are the benefits from such bundling to manufacturer offering them? c) From the current decade, what “service industry” has impressed you the most with its innovativeness? Explain the innovativeness in a couple of sentences.
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