Evaluate Ways of Reconciling Capacity and Demand in Either a Service or Manufacturing Organisation You Are Familiar with.
Faculty of Commerce
Department of Business Management
Master of Commerce Degree in Strategic Management and Corporate Governance 1.2
Module : Production and Operations Management
Module Code : MBM 705
NAME OF LECTURER : Mr A.Mafuka Semester 2, 2012
NAME : Gwyneth Ngoma Registration Number : R 12228 A
Date : 31st August 2012
ASSIGNMENT 1 : Evaluate ways of reconciling capacity and demand in either a service or manufacturing organisation you are familiar with.
.
Submitted in partial fulfilment of the Master of Commerce Degree in Strategic Management and Corporate Governance Part 1.2
1. DEFINITIONS
Capacity is defined as the “specific ability of an entity (person or organisation) or resource , measured in quantity and level of quality , over an extended period.” (Source : http // : www.businessdictionary.com)
Capacity utilisation is the “extent or level to which the productive capacity of a plant, firm, or country is being used in generation of goods and services.” It is expressed usually as a percentage and is calculated, it is computed by dividing the total capacity with the portion being utilized. (Source : http://www.businessdictionary.com )
Demand - “An economic principle that describes a consumer’s desire and willingness to pay a price for a specific good or service. Holding all other factors constant, the price of a good or service increases as its demand increases and vice versa.” (Source : www://investopedia.com)
The following definitions have been extracted from the Electricity Glossary (Source : https://power2switch.com/glossary) and these are terminologies used in the electricity industry and will be referred to in this paper :-
Megawatt(MW)- “A unit of energy equivalent to 1000 kW or 1,000,000 watts.”
Kilowatt(kW)- “A unit of energy equal to 1,000 watts.”
Grid – “used to describe the interconnected transmission system.”
Thermal power – “power produced by converting heat into electricity.”
Hydro-power - “Power that is
Department of Business Management
Master of Commerce Degree in Strategic Management and Corporate Governance 1.2
Module : Production and Operations Management
Module Code : MBM 705
NAME OF LECTURER : Mr A.Mafuka Semester 2, 2012
NAME : Gwyneth Ngoma Registration Number : R 12228 A
Date : 31st August 2012
ASSIGNMENT 1 : Evaluate ways of reconciling capacity and demand in either a service or manufacturing organisation you are familiar with.
.
Submitted in partial fulfilment of the Master of Commerce Degree in Strategic Management and Corporate Governance Part 1.2
1. DEFINITIONS
Capacity is defined as the “specific ability of an entity (person or organisation) or resource , measured in quantity and level of quality , over an extended period.” (Source : http // : www.businessdictionary.com)
Capacity utilisation is the “extent or level to which the productive capacity of a plant, firm, or country is being used in generation of goods and services.” It is expressed usually as a percentage and is calculated, it is computed by dividing the total capacity with the portion being utilized. (Source : http://www.businessdictionary.com )
Demand - “An economic principle that describes a consumer’s desire and willingness to pay a price for a specific good or service. Holding all other factors constant, the price of a good or service increases as its demand increases and vice versa.” (Source : www://investopedia.com)
The following definitions have been extracted from the Electricity Glossary (Source : https://power2switch.com/glossary) and these are terminologies used in the electricity industry and will be referred to in this paper :-
Megawatt(MW)- “A unit of energy equivalent to 1000 kW or 1,000,000 watts.”
Kilowatt(kW)- “A unit of energy equal to 1,000 watts.”
Grid – “used to describe the interconnected transmission system.”
Thermal power – “power produced by converting heat into electricity.”
Hydro-power - “Power that is
References: 1. Collins Dictionary 2. http://encyclopedia2.thefreedictionary.com - The Free Dictionary by Farlex 3. https://power2switch.com/glossary 4. Norconsult - ZESA Holdings Report on Zimbabwe Power System Development Plan, Prioritising the Critical Actions for the Development of the Zimbabwe Power System Final Report , December 2010 5. www.energy.gov.zw 6. www://investopedia.com) 7. www.sapp.co.zw