Operations Management, Binder Ready Version: An Integrated Approach
6th Edition
ISBN: 9781118952610
Author: R. Dan Reid, Nada R. Sanders
Publisher: WILEY
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Question
Chapter 13, Problem 3DQ
Summary Introduction
Interpretation: The meaning of an aggregate plan.
Concept Introduction:An aggregate plan helps in maximum utilization of the space and minimizes the inventory stocking cost.
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Explain the purpose of a risk register.
2. Describe three types of risks commonly faced by entrepreneurs.
Define risk management and explain its importance in a small business.
Chapter 13 Solutions
Operations Management, Binder Ready Version: An Integrated Approach
Ch. 13 - Prob. 1DQCh. 13 - Prob. 2DQCh. 13 - Prob. 3DQCh. 13 - Prob. 4DQCh. 13 - Prob. 5DQCh. 13 - Prob. 6DQCh. 13 - Prob. 7DQCh. 13 - Prob. 8DQCh. 13 - Prob. 9DQCh. 13 - Prob. 10DQ
Ch. 13 - Prob. 11DQCh. 13 - Prob. 12DQCh. 13 - Prob. 13DQCh. 13 - Prob. 14DQCh. 13 - Prob. 15DQCh. 13 - Prob. 16DQCh. 13 - Prob. 17DQCh. 13 - Prob. 1PCh. 13 - Prob. 2PCh. 13 - Prob. 3PCh. 13 - Prob. 4PCh. 13 - Prob. 5PCh. 13 - Prob. 6PCh. 13 - Prob. 7PCh. 13 - Prob. 8PCh. 13 - Prob. 9PCh. 13 - Prob. 10PCh. 13 - Prob. 11PCh. 13 - Prob. 12PCh. 13 - Prob. 13PCh. 13 - Prob. 14P
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- 8. Early warning indicators help businesses to A. Avoid legal actions B. Grow rapidly C. Detect potential risks D. Hire employees 9. A hazard-based risk includes A. Political instability B. Ergonomic issues C. Market demand D. Taxation changesarrow_forward10. Which risk category refers to taking advantage of a new opportunity despite potential challenges? A. Hazard B. Uncertainty C. Opportunity D. Strategicarrow_forward6. A business continuity plan is mainly used to_ A. Increase profits B. Handle daily tasks C. Prepare for disruptions D. Advertise services 7. What is the role of a risk owner? A. To finance the risk B. To monitor and manage a specific risk C. To create risks D. To avoid planning 8. Early warning indicators help businesses to_ A. Avoid legal actions B. Grow rapidly C. Detect potential risks D. Hire employees 9. A hazard-based risk includes_ A. Political instability B. Ergonomic issues C. Market demand D. Taxation changesarrow_forward
- Fill in the table below with the activity times after crashing to show the resulting schedule. (Enter your responses as whole numbers.) Activity A B с Time according to schedule (weeks) Activity F G H Time according to schedule (weeks) D E COEarrow_forwardGiven the information below, estimate the probability that the noncritical path B-F-G will take more than 20 weeks. Hint: Subtract from 1.0 the probability that B-F-G will take 20 weeks or less. Refer to the standard normal table. Activity A Expected Time (weeks) Variance 3.5 1.00 BCDE 5.5 0.96 C 4.0 0.45 12.0 1.78 6.5 2.25 F G 9.0 2.78 4.5 0.69 The probability that this path will take more than 20 weeks to complete is (Enter your response rounded to four decimal places.)arrow_forwardYou are the event manager of a wedding project that is behind schedule and over budget. The client has requested some additional features that were not in the original scope. How would you prioritize the additional features requested by the client? What strategies would you employ to adjust the project plan and budget to accommodate these changes effectively? Additionally, what specific tools and techniques would you utilize to monitor and control the progress and ensure the quality of the project?arrow_forward
- Currently a company that designs Web sites has five customers in its backlog. The time since the order arrived, processing time, and promised due dates are given in the following table. The customers are ready to be scheduled today, which is the start of day 190. Time Since Order Arrived Customer (days ago) Processing Time (days) Due Date (days from now) A 3 24 58 B 2 32 100 с 10 20 26 D E 8 6 12 28 50 66 a. Develop separate schedules by using the FCFS and EDD rules. Compare the schedules on the basis of average flow time and average days past due. Using the FCFS (first come, first served) decision rule for sequencing the customers, the order is: Sequence Customer 1 2 3 4 5arrow_forwardThe Donald Fertilizer Company produces industrial chemical fertilizers. The projected manufacturing requirements (in gallons) for the next four quarters are 60,000, 90,000, 90,000, and 140,000 respectively. A level workforce is desired, relying only on anticipation inventory as a supply option. Stockouts and backorders are to be avoided, as are overtime and undertime. a. Determine the quarterly production rate required to meet total demand for the year, and minimize the anticipation inventory that would be left over at the end of the year. Beginning inventory is 0. The quarterly production rate is ☐ gallons. (Enter your response as an integer.)arrow_forwardHow would you design an operations plan and schedule for a new product/service? What factors would you consider and what challenges would you anticipate? Why are these factors and challenges relevant and how would you address them?arrow_forward
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