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BUS307 Operations Management & Quantitative Techniques

Week 1 Discussion

DQ1 Value Index

Complete Problem 1 from the end of Chapter 2: You have just graduated from college and are looking to buy your first car. Money is tight right now, so you are concerned with initial cost as well as ongoing expenses. At the same time, you don’t want to drive a slow, ugly car like your parents do. You have narrowed your choices down to two vehicles: a Honda Enigma and a Bizzarini Booster. Based on the rankings in the table (found under Chapter 2, Problem 1 in the textbook), calculate the value index for each car. Which car provides you with the greatest value? Use formulas to calculate the answer to one decimal point. Respond to at least two of your classmates’ postings.

DQ2 Business Mapping of Processes

From Chapter 4, Section 4.2, Problem 2, read the current home equity loan process at Faircloth Financial and map the current process. Identify any rework loops and delays in the process. What causes these? What is the impact on cycle times? How might this affect customers’ willingness to do business with Faircloth? What changes might you recommend to redesign this process with the needs of the customer in mind? Respond to at least two of your classmates’ postings.

 

BUS307 Operations Management & Quantitative Techniques

Week 2 Discussion

DQ1 Gantt vs. Network Based Approach

From the end of Chapter 14, complete Discussion Question 3: What are the main advantages of using a network-based approach to project management rather than a Gantt chart? Under what circumstances might a Gantt chart be preferable to a network-based approach? Respond to at least two of your classmates’ postings.

DQ2 Expected Values and Decision Trees

From the end of Chapter 6, consider the two capacity options for Arktec manufacturing from Problem 2 and the three possible demand scenarios from Problem 4. First, draw the decision tree for Arktec Manufacturing. When drawing your tree, assume that managers must select a capacity option beforethey know what the demand level will actually be. Then, calculate the expected value for each decision branch. Which option would you prefer and why? Respond to at least two of your classmates’ postings.

 

BUS307 Operations Management & Quantitative Techniques

Week 3 Discussion

DQ1 Forecasting Models

From Chapter 9, answer Discussion Question 1: Which forecasting techniques do you think should be used in calculating fuel prices? Time series models? Causal models? Qualitative models? In casual modeling, what types of independent variables might be used? Justify your answer.

DQ2 Pros and Cons of Outsourcing

Read the articles, “Trickle of Jobs Returning to U.S. Shores Could Soon Become a Torrent (Links to an external site.)” and “The Benefits of Outsourcing Finance and Accounting. (Links to an external site.)”  Based on the content presented, discuss some of the pros and cons of outsourcing.  Do you think many organizations are experiencing an increase or decrease in their levels of outsourcing?  Why? Respond to at least two of your classmates’ posts.

 

BUS307 Operations Management & Quantitative Techniques

Week 4 Discussion

DQ1 Level vs. Chase Production Plan

From the end of Chapter 10, answer Discussion Question 3: In general, under what conditions might a firm favor a level production plan over a chase plan? A chase production plan over a level plan? Respond to at least two of your classmates’ postings.

DQ2 JIT/EOQ/ROP Interrelationships

From the end of Chapter 11, answer Discussion Question 6: The just-in-time (JIT) movement has long argued that firms should:

Maximize their process flexibility so that ordering costs are minimal.

Stabilize demand levels.

Shrink lead times as much as possible.

Assign much higher holding costs to inventory than has traditionally been the case.

Using the economic order quantity (EOQ) and reorder point (ROP) formulas, explain how such efforts would be consistent with JIT’s push for lower inventory levels.Respond to at least two of your classmates’ postings.

 

BUS307 Operations Management & Quantitative Techniques

Week 5 Discussion

DQ1 ERP Solutions

From the end of Chapter 12S, answer Discussion Question 3: SAP is the world leader in enterprise resource planning (ERP) systems software, and has developed tailored ERP systems for different industries. Go to www.sap.com/solution.html (Links to an external site.) and examine the solutions for (1) a service industry and (2) a manufacturing industry of your choice. How are they similar? How are they different? Respond to at least two of your classmates’ postings.

DQ2 Calculation of Kanban Cards From the end of Chapter 13, answer Discussion Question 4: The chapter notesthat kanban is not a planning tool but a control mechanism. What does this mean? How does the Marsica MRP-kanban example in Example 13.4 in Chapter 13 of the textbook illustrate the point? Respond to at least two of your classmates’ postings.

  
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