P370 midterm - Study guides, Class notes & Summaries

P370 Midterm Exam Solved 100% Correct!! operations management -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic -long-term horizon -type of OM decision that often involve acquiring new r...

Conditions of Satisfaction Minimal acceptable outcome for any endeavor or project Strategic Decision -Long term -Often involving acquisition of new resources -Electric utility - power station construction Tactical Decision -Medium term -Utilization of existing resources -Assembly plant - workforce commitments Operational Decision -Short term -Execution of schedules or control activities -Hospital - shift scheduling Operations Management The design, operatio...

P370 Midterm Exam 2024 Solved 100% Correct operations management -Answer--Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic -Answer--long-term horizon -type of OM decision that often involve...

P370 Midterm Exam Solved 100% Correct!! operations management -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic -long-term horizon -type of OM decision that often involve acquiring new r...

P370 Midterm Review (Cutshall self check quizzes) Questions & Answers Rated 100% Correct!! A project has three sequences of activities (paths), two of which are critical. The critical paths of this project can be characterized in the following way: A. The slack times for each task in the entire project are zero. B. The chain of activities (from start to finish) that has the largest sum of activity durations. C. The early start date and early finish date are always the same for each activity ...

P370 Midterm Exam Solved 100% Correct!! operations management -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic -long-term horizon -type of OM decision that often involve acquiring new r...

operations management : -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic : -long-term horizon -type of OM decision that often involve acquiring new resources -example is buying a elec...

P370 Midterm Exam Solved 100% Correct!! operations management -Oversees all activities that are directly related to making a product or providing a service -Responsible for the transformation of inputs of material, money, energy, people, and information into useful goods and services -The design, operation, and improvement of the production system that creates the firm's primary products and services Strategic -long-term horizon -type of OM decision that often involve acquiring new r...

Operations Management : the design, operation, and improvement of the production system that creates the firm's primary products and services The Five P's : People, plants, parts, processes, and planning and control Strategic Decisions : long range business plans such as the acquisition of new resources Tactical Decisions 2 | P a g e : medium range, typically for the utilization of existing resources Operational Decisions : narrowly focused for a short time frame, involving the exe...

Operations Management : the design, operation, and improvement of the production system that creates the firm's primary products and services The Five P's : People, plants, parts, processes, and planning and control Strategic Decisions : long range business plans such as the acquisition of new resources Tactical Decisions 2 | P a g e : medium range, typically for the utilization of existing resources Operational Decisions : narrowly focused for a short time frame, involving the exe...