OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
7th Edition
ISBN: 9780077835439
Author: Roger G Schroeder, M. Johnny Rungtusanatham, Susan Meyer Goldstein
Publisher: McGraw-Hill Education
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Textbook Question
Chapter 12, Problem 2DQ
Specify the kinds of objectives that might be appropriate for each of the situations listed in question 1.
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Problem 1. During your first month as an employee at Greenfield Industries (a large drill-
bit manufacturer), you are asked to evaluate alternatives for producing a newly designed
drill bit on a turning machine. Your boss' memorandum to you has practically no information
about what the alternatives are and what criteria should be used. The same task was posed
to a previous employee who could not finish the analysis, but she has given you the following
information: An old turning machine valued at $350,000 exists (in the warehouse) that can
be modified for the new drill bit. The in-house technicians have given an estimate of
$40,000 to modify this machine, and they assure you that they will have the machine ready
before the projected start date (although they have never done any modifications of this
type). It is hoped that the old turning machine will be able to meet production requirements
at full capacity. An outside company, McDonald Inc., made the machine seven years ago and
can…
what is the problem statement?
CASE EXERCISE:
4. "Demand Forecasting for an Insurance Company"
For the past five years, an insurance company processed an average of 25,000
insurance claims annually. In 2010, the claims processed are shown below:
Category of claims
processed
Non-life Insurance
No. of claims adjuster
personnel
9
Claims Processed
9,350
Life Insurance
4,880
12
Health care Insurance
15,000
8
Since there is a direct relationship between the number of claims adjusters
needed and the category of claims processed, the insurance manager referred to
their past years experiences.
The Manager anticipates an increase in work load because the company is
acquiring a small insurance business. the following data represent the manager's
projection of the number of claims to be processed next year.
Non-life insurance claims
Life insurance claims
Health care insurance claims
12,350
10,500
21,000
Questions:
1. What demand forecasting method should the manager use?
2. Using this method, calculate the demand for claims…
Chapter 12 Solutions
OPERATIONS MANAGEMENT IN THE SUPPLY CHAIN: DECISIONS & CASES (Mcgraw-hill Series Operations and Decision Sciences)
Ch. 12 - What types of scheduling decisions are management...Ch. 12 - Specify the kinds of objectives that might be...Ch. 12 - Prob. 3DQCh. 12 - How is the scheduling of patients in a doctor's...Ch. 12 - Describe the differences between Gantt charting,...Ch. 12 - Why are m n ma chine-scheduling algorithms not...Ch. 12 - What is the purpose of a planning and control...Ch. 12 - Prob. 8DQCh. 12 - Prob. 9DQCh. 12 - What scheduling rule should be applied to...
Ch. 12 - Prob. 11DQCh. 12 - Students must complete two activities to register...Ch. 12 - Prob. 2PCh. 12 - Sequence the jobs shown below by using a Gantt...Ch. 12 - In problem 3, assume there are two machines of...Ch. 12 - In problem 2, assume there are two machines of...Ch. 12 - The Security Life Insurance Company processes all...Ch. 12 - At the University Hospital, five blood samples...Ch. 12 - Prob. 8PCh. 12 - Prob. 9PCh. 12 - Using the Gantt charts developed in the following...Ch. 12 - How would the theory of constraints be used to...
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