1. Concisely describe the term Operation Management.
1. Concisely describe the term Operation Management.
2. Why should one study Operation Management?
3. What are the three function of the firm and briefly describe how they interrelate?
4. Why are services important? Why is manufacturing important?
5. Discuss a recent trend in operation. Provide an example of a company with which you are familiar that has significantly influenced by rhis trend.
Solve these simple problem?
1. Determine the Productivity for these cases.
a. Four workers installed 720 square yards of carpeting in eight hours.
b. A machine produced 68 usable pieces in two hours.
2. Determine the multifactor productivity for the combined input of labor and machine time using the following data:
Output: 7,040 units @ $1.10 each
Input
Labor: $1,000
Materials: $520
Overhead: $2,000
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