Markeeting

962 Words4 Pages
1-1 Introduction to Operations Management Operations Management William J. Stevenson 8th edition 1-2 Introduction to Operations Management CHAPTER 1 Introduction to 
 Operations Management McGraw-Hill/Irwin Operations Management, Eighth Edition, by William J. Stevenson Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. 1-3 Introduction to Operations Management Operations Management Figure 1.1 The management of systems or processes 
 that create goods and/or provide services 1-4 Introduction to Operations Management Value-Added Figure 1.2 The difference between the cost of inputs 
 and the value or price of outputs. 1-5 Introduction to Operations…show more content…
– Physical – Schematic – Mathematical Tradeoffs What are the pros and cons of models? 1-22 Introduction to Operations Management Models Are Beneficial Easy to use, less expensive • Require users to organize • Systematic approach to problem solving • Increase understanding of the problem • Enable “what if” questions • Specific objectives • Consistent tool • Power of mathematics • Standardized format • 1-23 Introduction to Operations Management Quantitative Approaches • Linear programming • Queuing Techniques • Inventory models • Project models • Statistical models 1-24 Introduction to Operations Management Systems Approach “The whole is greater than 
 the sum of the parts.” Suboptimization 1-25 Introduction to Operations Management Pareto Phenomenon • A few factors account for a high percentage of the occurrence of some event(s). • 80/20 Rule - 80% of problems are caused by

More about Markeeting

Open Document