Loose Leaf for Operations and Supply Chain Management
15th Edition
ISBN: 9781260152562
Author: F. Robert Jacobs
Publisher: McGraw-Hill Education
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Chapter 2, Problem 13OQ
Summary Introduction
To explain: The term used to explain the assessment of the probability of occurrence of a negative event towards the severity of the associated loss.
Risk assessment:
It is the process involved in identifying the potential factors that can cause a particular risk and the likelihood of the occurrence of that risk.
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For the purpose of process analysis, which of the following measures would be considered an appropriate flow unit for analyzing the main operation of a local accounting firm? Instructions: You may select more than one answer.
a. Number of accountants working each week
b. Number of tax returns completed each week
c. Number of customers with past-due invoices
d. Number of reams of paper received from suppliers
4. Based on the data provided in Table 2.5, what is the flow rate of callers from 8:00 a.m. to 8:20 a.m.?
TABLE 2.5 Time Stamps of the Eight Callers Who Called from 8:00 a.m. to 8:20 a.m. to the Reservation Desk of a Ferry Service
Caller
Time In
Time Out
1
8:01
8:05
2
3
4
5
6
8:02
8:07
8:06
8:08
8:09
8:12
8:10
8:15
8:12
8:20
7
8:16
8:19
8
8:17
8:19
5. Based on the data provided in Table 2.5, what is the flow time of callers from 8:00 a.m. to 8:20 a.m.?
6. Based on the data provided in Table 2.6, what is the flow rate of customers from 9:00 a.m. to 10:00 a.m.?
TABLE 2.6 Time Stamps of 10 Customers Who Visited a Local Bank Branch from 9:00 a.m. to 10:00 a.m.
Customer
1
2
3
4
5
6
7
8
9
10
Time In
Time Out
9:01
9:07
9:06
9:21
9:08
9:20
9:14
9:19
9:20
9:28
9:26
9:33
9:31
9:39
9:40
9:46
9:44
9:59
9:53
9:57
7. Based on the data provided in Table 2.6, what is the flow time of customers from 9:00 a.m. to 10:00 a.m.?
How is Little’s Law currently used in today’s supply chains?
Provide an example of where it is used.
Chapter 2 Solutions
Loose Leaf for Operations and Supply Chain Management
Ch. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - What do the expressions order winner and order...Ch. 2 - Pick a company that you are familiar with and...Ch. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 -
What do we mean when we say productivity is a...Ch. 2 - Prob. 1OQ
Ch. 2 - Prob. 2OQCh. 2 - Prob. 3OQCh. 2 - Prob. 4OQCh. 2 - Prob. 5OQCh. 2 - Prob. 6OQCh. 2 - Prob. 7OQCh. 2 - Prob. 8OQCh. 2 - Prob. 9OQCh. 2 - What is defined as the likelihood of disruption...Ch. 2 - What are risks caused by natural or manmade...Ch. 2 - Match the following common risks with the...Ch. 2 - What is the term used to describe the assessment...Ch. 2 - As operations manager, you are concerned about...Ch. 2 - Prob. 15OQCh. 2 - Prob. 16OQCh. 2 - Prob. 17OQCh. 2 - Prob. 18OQCh. 2 - Prob. 19OQCh. 2 - Prob. 20OQCh. 2 - Prob. 21OQCh. 2 - Prob. 22OQCh. 2 - Prob. 23OQCh. 2 - Case: The Tao of Timbuk2*
“Timbuk2 is more than a...Ch. 2 -
Case: The Tao of Timbuk2*
“Timbuk2 is more than a...Ch. 2 - Prob. 1.3CQCh. 2 - Prob. 1PECh. 2 - Prob. 2PECh. 2 - Prob. 3PECh. 2 - Prob. 4PECh. 2 - Prob. 5PECh. 2 - Prob. 6PECh. 2 - In each of the following statements, name the term...Ch. 2 - Prob. 8PECh. 2 - In each of the following statements, name the term...
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