Operations Management (Comp. Instructor's Edition)
Operations Management (Comp. Instructor's Edition)
13th Edition
ISBN: 9781259948237
Author: Stevenson
Publisher: MCG
bartleby

Concept explainers

Question
Book Icon
Chapter 2, Problem 1OTQ
Summary Introduction

Introduction:

USPS is the largest postal service organization in the world which handles 41% of the mails all around the world. It has around 760,000 workers with 300,000 mail collection boxes, 38,000 post offices, and 75,000 mail processing equipment.

The processing of first class mails is an automated process. The first class mail begins at an advanced facer cancellation system where the system itself cancels mails which do not carry the proper format. The rejected mails are processed manually. Next, the mails are processed through optical character readers which put the bar code on the mail. The local mails are processed separately.

Automation and the use of zip codes are the reasons for improvement in productivity. The USPS focuses on productivity, which is an important factor for keeping low postal rates and rapid delivery service. During 1980, USPS encountered a slowdown in the volume of mails due to increased competition from private delivery services.

With increased competition, USPS began to restructure the organization and change its strategy. USPS began to work closely with the customers and keep their costs low, improve productivity, and focus on the quality of the service. The reorganization helped the firm to overcome some of its potential challenges, cut down costs, and attract new businesses.

To determine: The importance for USPS to have a high volume of mail to process.

Blurred answer
Students have asked these similar questions
In the following problems assume, unless otherwise stated, that S = $40, σ = 30%, r =8%,and δ =0. 13.1 Suppose you sell a 45-strike call with 91 days to expiration. What is delta? If the option is on 100 shares, what investment is required for a delta-hedged portfolio? What is your overnight profit if the stock tomorrow is $39? What if the stock price is $40.50?
Question 1 M&H company ltd. sells television sets and has collected monthly sales data (in units) for the past 12 months as shown in table 1below: TABLE 1 Month Sales (Units) 1 120 2 135 3 150 4 165 5 180 6 200 7 195 8 210 9 225 10 240 11 255 12 270 Using the data provided, answer the following questions: a. Using a 3-month weighted moving average with weights 0.5, 0.3, and 0.2 (most recent month having the highest weight), calculate the forecast for month 13. [2 marks] b. If the company applies an exponential smoothing method with a smoothing constant (a) = 02, and assumes an initial forecast of 120 units for Month 1, calculate the forecast for month 13. [6 marks] c. Calculate the Mean Absolute Deviation (MAD) for the exponential smoothing method and weighted moving average method using the actual sales data for Months 4 to 12 and determine which method is more accurate. [8 marks] d. Compute the values of a (intercept) and b (slope) using the least squares method. [7 marks] e. Use the…
Question 4 MGM12026 Production and Operations Management semester il 2024 A company operates a manufacturing plant that produces two products, A and B. The plant has the following capacity data: . . Design Capacity: 15,000 machine hours per month Effective Capacity: 12,000 machine hours per month Actual Output (Utilized Capacity): 10,000 machine hours per month Additionally, the plant produces Product A and Product B, with the following production data: Product Demand (Units) Processing Time Contribution Margin ($ (hours per unit) per unit) A 3,000 2.5 40 B 4,000 1.5 30 a. Calculate the plant's i. Capacity Utilization [3 marks] ii. Effective Capacity Utilization [3 marks] iii. Efficiency. Interpret the results. [3 marks] b. Compute the total machine hours required to meet full demand for both products. [5 marks] c. Determine whether the plant has sufficient capacity to meet full demand. If not, calculate the shortfall in machine hours. [3 marks] d. Using the contribution margin per…
Knowledge Booster
Background pattern image
Operations Management
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
MARKETING 2018
Marketing
ISBN:9780357033753
Author:Pride
Publisher:CENGAGE L
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Foundations of Business - Standalone book (MindTa...
Marketing
ISBN:9781285193946
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning
Text book image
Purchasing and Supply Chain Management
Operations Management
ISBN:9781285869681
Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub