BUS 321 • Midterm • Production and Operations Management

Production, Operations & Operations Management

What Operations Managers Do?

Goods and Services

Productivity: An Operational Performance Measure

Exam Like Question 1

Exam Like Question 2

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Exam Like Question 5

Globalization of Operations

Why Companies Globalize? (Reasons to Globalize)

Determining “Mission, Strategies and Tactics & Tasks”

Strategy Development and SWOT Analysis

Product Life Cycle

Outsourcing and Comparative Advantage

What is "Project Management"?

The Role of Project Manager

Project Management Techniques - Intro

Gantt Chart

Critical Path Method and Network Diagram

Example: Network Diagram and Critical Path

Determining the Project Schedule with CPM

PERT - Project Evaluation Review Technique

Project Crashing (with example)

What is Forecasting?

Types of Forecasts

Strategic Importance of Forecasting

Forecasting Approaches

Qualitative Methods - An overview

Quantitative Methods - An Overview

Time Series Forecasting

Naive Approach

Moving Average

Weighted Moving Average

Exponential Smoothing

Trend Projections - Linear Trend

Associative Forecasting - Linear Regression

Example Part 1 - Linear Regression

Example Part 2 - Linear Regression

Example Part 3 - Linear Regression

Seasonal Variations

Example: Seasonal Variations

Measuring Forecast Error & Accuracy

Strategic Importance of Location

Factors that Affect Location Decisions

Factor-rating Method

Center-of-Gravity Method

Locational Cost-Volume Analysis

Transportation Model

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