By William J. Stevenson
ISBN-10: 0073525251
ISBN-13: 9780073525259
The 11th variation of Stevenson's Operations administration beneficial properties built-in, updated assurance of present themes and traits, whereas conserving the middle options that experience made the textual content the industry chief during this direction for over a decade. Stevenson's cautious motives and approachable layout aid scholars in figuring out the $64000 operations administration strategies in addition to employing instruments and techniques with an emphasis on challenge fixing.
Through special examples and solved difficulties, brief circumstances and readings on present concerns dealing with companies, and auto-gradable finish of bankruptcy difficulties and application-oriented assignments to be had in attach Operations administration, scholars study through doing, and the 11th variation maintains to supply extra aid for 'doing Operations' than the other.
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Operations Management (11th Edition) (Operations and by William J. Stevenson PDF
The 11th variation of Stevenson's Operations administration gains built-in, up to date insurance of present subject matters and developments, whereas maintaining the middle suggestions that experience made the textual content the industry chief during this path for over a decade. Stevenson's cautious reasons and approachable layout aid scholars in figuring out the $64000 operations administration ideas in addition to using instruments and techniques with an emphasis on challenge fixing.
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Additional resources for Operations Management (11th Edition) (Operations and Decision Sciences)
Example text
In for-profit organizations, the value of outputs is measured by the prices that customers are willing to pay for those goods or services. Firms use the money generated by value-added for research and development, investment in new facilities and equipment, worker salaries, and profits. Consequently, the greater the value-added, the greater the amount of funds available for these purposes. Value can also be psychological, as in branding. Many factors affect the design and management of operations systems.
These include the following: What: What resources will be needed, and in what amounts? When: When will each resource be needed? When should the work be scheduled? When should materials and other supplies be ordered? When is corrective action needed? Where: Where will the work be done? indd 17 11/11/10 5:28:15 PM Confirming Pages 18 Chapter One Introduction to Operations Management How: How will the product or service be designed? How will the work be done (organization, methods, equipment)? How will resources be allocated?
Operations will also have advance warning if new equipment or skills will be needed for new products or services. Finance people should be included in these exchanges in order to provide information on what funds might be available (short term) and to learn what funds might be needed for new products or services (intermediate to long term). One important piece of information marketing needs from operations is the manufacturing or service lead time in order to give customers realistic estimates of how long it will take to fill their orders.
Operations Management (11th Edition) (Operations and Decision Sciences) by William J. Stevenson
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