Operations Management Chapter 1 – Operations and Productivity PowerPoint presentation to accompany Heizer/Render Principles of Operations Management‚ 7e Operations Management‚ 9e © 2008 Prentice Hall‚ Inc. 1–1 Outline Global Company Profile: Hard Rock Cafe What Is Operations Management? Organizing to Produce Goods and Services Why Study OM? What Operations Managers Do How This Book Is Organized © 2008 Prentice Hall‚ Inc. 1–2 Outline - Continued The Heritage of Operations
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Operation and Productivity Global Company Profile: Hard Rock Cafe Operations Management at Hard Rock Cafe Operations Manager throughout the world are producing products every day to provide for the well-being of society. These products take on a multitude of forms. Hard Rock Cafe produces thousands of complex products every day‚ to be delivered as the customer ordered them‚ when customer wants them. Hard Rock does this for over 35 million gusts worldwide every year. Orlando-based Hard Rock Cafe
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CHAPTER 1: OPERATIONS AND PRODUCTIVITY TRUE/FALSE 1. Some of the operations-related activities of Hard Rock Café include designing meals and analyzing them for ingredient cost and labor requirements. True (Global company profile‚ easy) The production process at Hard Rock Café is limited to meal preparation and serving customers. False (Global company profile‚ easy) All organizations‚ including service firms such as banks and hospitals‚ have a production function. True (What is operations management
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Chapter 1 1.) The 10 decision of OM are applied at Frito-lay as followed; at Frito-lay‚ product development kitchens experiment with new products‚ submit them to focus groups‚ and perform test marketing. Once the product specifications have been set‚ process capable of meeting those specifications‚ and the necessary quality onsite inspection of the potatoes used in ruffles and the corn used in Fritos. The continuance of quality throughout the manufacturing process‚ with statistical process control
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1. Why should one study operations management? Operations Management is the set of activities that creates value in the form of goods and services by transforming inputs into outputs. • Operations Management is one of the three major functions of any organization‚ and it is generally related to all the other business functions. All organizations market (sell)‚ finance (account)‚ and produce (operate)‚ and it is important to know how the Operations Management activity functions. Therefore‚ we study
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Complete Problem 4-8A. P4-8A Dana La Fontsee opened Pro Window Washing Inc. on July 1‚ 2012. During July the following transactions were comple July 1 Issued 12‚000 shares of common stock for $12‚000 cash. 1 Purchased used truck for $8‚000‚ paying $2‚000 cash and the balance on account. 3 Purchased cleaning supplies for $900 on account. 5 Paid $1‚800 cash on 1-year insurance policy effective July 1. 12 Billed customers $3‚700 for cleaning services. 18 Paid $1‚000 cash on amount owed
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Chapter 1 The Operations Function Teaching Notes This chapter is aimed at providing an overall framework for the textbook‚ the field of operations management (OM)‚ and a brief introduction of supply chain management. The chapter provides a framework that serves as a beneficial way of organizing students’ understanding of major operations management decisions: process‚ quality‚ capacity‚ and inventory. The cross-functional view of operations management and supply chain management
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Chapter 9 Practice Problems S9-2. Asset Market Value Percentage of Total Value × Total Purchase Price = Assigned Cost of Each Asset Land $ 80‚000 $80‚000 / $160‚000 = 50% × $150‚000 = $ 75‚000 Building 60‚000 $60‚000 / $160‚000 = 38% × $150‚000 = 57‚000 Equipment 20‚000 $20‚000 / $160‚000 = 12% × $150‚000 = 18‚000 Total $ 160‚000 100% $ 150‚000 Date Accounts and Explanation Debit Credit Land 75‚000 Building 57‚000 Equipment 18‚000 Notes Payable 150‚000 To record
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Maria Saavedra ECT122 Week 1 05/07/2014 Chapter 1Chapter 2 Chapter 3 Practice Problems *(Be sure to put the units in; volts‚ amps‚ etc.) 1.One coulomb of charge passes a point every 20 seconds. Calculate the value of the current through the point. I=Q/t = 1C/20s = .05C/s= .05 A x10^-3 C = 50mA 2.A total charge of 2.5 × 10-3 C passes a point every 40 seconds. Calculate the value of the current through the point. I=Q/t =0.0025C/40s= 6.25 C/s = 6.25 A 4.A total charge of 50 × 10-3 C passes a point
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Practice Problems: Chapter 2‚ Chapter 3‚ and Chapter 4 Chapter 2: 1). Consider an economy that produces only hot dogs and hamburgers. In the following table are data for two different years. 2010 2015 Good Quantity Price Quantity Price Hot Dogs 200 $2 250 $4 Hamburgers 200 $3 500 $4 a) Using 2010 as a base year‚ compute the following statistics for each year: nominal GDP‚ real GDP‚ and GDP deflator. Please show your work to get full credit.
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