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The chart below is given to highlight on the process of Operations Management. Accordingly answer the following questions: a) Explain the meaning of Operations Management. b) Give an example of a system, stating its input-outputs-components and transformation process. c) Explain the role of Feedback in the example of system you chose, and if feedback has a positive impact on the system.

The chart below is given to highlight on the process of Operations Management. Accordingly answer the following questions: a) Explain the meaning of Operations Management. b) Give an example of a system, stating its input-outputs-components and transformation process. c) Explain the role of Feedback in the example of system you chose, and if feedback has a positive impact on the system.

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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Question 1: The chart below is given to highlight on the process of Operations Management. Accordingly answer the following questions: a) Explain the meaning of Operations Management. b) Give an example of a system, stating its input-outputs - components and transformation process. c) Explain the role of Feedback in the example of system you chose, and if feedback has a positive impact on the system. Adjust Inputs (Materials and/or customers) External factors Transformation process Components Feedback Measure Outputs (Goods and Services)
Transcribed Image Text:Question 1: The chart below is given to highlight on the process of Operations Management. Accordingly answer the following questions: a) Explain the meaning of Operations Management. b) Give an example of a system, stating its input-outputs - components and transformation process. c) Explain the role of Feedback in the example of system you chose, and if feedback has a positive impact on the system. Adjust Inputs (Materials and/or customers) External factors Transformation process Components Feedback Measure Outputs (Goods and Services)
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