1 / 15

BA 380: Operations Management OVERVIEW

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.

more
Download Presentation

BA 380: Operations Management OVERVIEW

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. BA 380: Operations Management OVERVIEW

  2. 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...

  3. Cost Volume Analysis Financial Planning Material Resource Planning System Design Inventory Management Scheduling Location and Capacity Planning Process Selection Forecasting

  4. 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

  5. Cost/Benefit Examples

  6. Cost Classification

  7. Total Cost of Quality Cost of Inspection Cost of Passing Defectives Optimum Amount to Inspect Total Cost GraphQuality Control $ Amount to Inspect

  8. Total Cost of Inventory Annual Holding Cost Annual Ordering (Setup) Cost EOQ Total Cost GraphInventory Management $ Q

  9. Total Cost of Service Capacity Cost of Service Capacity Cost of Customers Waiting Optimum Service Capacity Total Cost GraphQueuing (Servers) $ Number of Servers

  10. Annual Ordering (setup) Cost Annual Purchasing Cost Annual Holding Cost FormulasIn English please!

  11. Number of orders (setups) Average inventory FormulasIn English please!

  12. Maximum inventory Maximum run size Cumulative Production Inventory consumption Inventory buildup t1 t2 to Run time ‘Idle’ time GraphsWorth a thousand words (English) Time

  13. 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

  14. 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

  15. www.sou.edu/business

More Related