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BA 380: Operations Management OVERVIEW. TOPICS RELEVANT TO BA 499. Forecasting Decision Making Location Planning Cost Volume Analysis (a.k.a Breakeven Analysis) Reliability. Inventory Management Scheduling Project Management Waiting Lines Quality Control and more.
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BA 380: Operations Management OVERVIEW
TOPICS RELEVANT TO BA 499 • Forecasting • Decision Making • Location Planning • Cost Volume Analysis (a.k.a Breakeven Analysis) • Reliability • Inventory Management • Scheduling • Project Management • Waiting Lines • Quality Control • and more...
Cost Volume Analysis Financial Planning Material Resource Planning System Design Inventory Management Scheduling Location and Capacity Planning Process Selection Forecasting
Important Recurring Themes Decision Making involves • Recognizing and Identifying Problems • Responding to Opportunities • Weighing COST versus BENEFIT of Service • The Use of analytical (quantitative and qualitative) tools • Accounting principles (e.g. cost/benefit analysis) Classification of COSTS as variable or fixed • Statistical concepts (e.g. probabilities and probability distributions) • Computer software (Excel skill) • Formulas – in English please! • Graphs – worth a thousand words (says who?) • Interactive simulations
Total Cost of Quality Cost of Inspection Cost of Passing Defectives Optimum Amount to Inspect Total Cost GraphQuality Control $ Amount to Inspect
Total Cost of Inventory Annual Holding Cost Annual Ordering (Setup) Cost EOQ Total Cost GraphInventory Management $ Q
Total Cost of Service Capacity Cost of Service Capacity Cost of Customers Waiting Optimum Service Capacity Total Cost GraphQueuing (Servers) $ Number of Servers
Annual Ordering (setup) Cost Annual Purchasing Cost Annual Holding Cost FormulasIn English please!
Number of orders (setups) Average inventory FormulasIn English please!
Maximum inventory Maximum run size Cumulative Production Inventory consumption Inventory buildup t1 t2 to Run time ‘Idle’ time GraphsWorth a thousand words (English) Time
Excel SkillAutomating tedious, repetitive computation Important Excel Functions • Absolute vs. relative cell address • Use of Named cells/ranges • Vlookup function • If function • Graphing • Active worksheets
Excel SkillAutomating tedious, repetitive computation Important Excel Functions • Absolute vs. relative cell address • Use of Named cells/ranges • Vlookup function • If function • Graphing • Active worksheets