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BA 380: Operations Management OVERVIEW PowerPoint PPT Presentation


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BA 380: Operations Management OVERVIEW. TOPICS RELEVANT TO BA 499. Forecasting Decision Making Location Planning Cost Volume Analysis (a.k.a Breakeven Analysis) Reliability. Inventory Management Scheduling Project Management Waiting Lines Quality Control and more.

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BA 380: Operations Management OVERVIEW

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BA 380: Operations Management

OVERVIEW


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TOPICS RELEVANT TO BA 499

  • Forecasting

  • Decision Making

  • Location Planning

  • Cost Volume Analysis

    (a.k.a Breakeven Analysis)

  • Reliability

  • Inventory Management

  • Scheduling

  • Project Management

  • Waiting Lines

  • Quality Control

  • and more...


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Cost Volume Analysis

Financial

Planning

Material Resource

Planning

System Design

Inventory

Management

Scheduling

Location and

Capacity Planning

Process

Selection

Forecasting


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Important Recurring Themes

Decision Making involves

  • Recognizing and Identifying Problems

  • Responding to Opportunities

  • Weighing COST versus BENEFIT of Service

  • The Use of analytical (quantitative and qualitative) tools

    • Accounting principles (e.g. cost/benefit analysis) Classification of COSTS as variable or fixed

    • Statistical concepts (e.g. probabilities and probability distributions)

    • Computer software (Excel skill)

    • Formulas – in English please!

    • Graphs – worth a thousand words (says who?)

    • Interactive simulations


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Cost/Benefit Examples


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Cost Classification


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Total Cost of

Quality

Cost of

Inspection

Cost of Passing

Defectives

Optimum

Amount to

Inspect

Total Cost GraphQuality Control

$

Amount to Inspect


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Total Cost of

Inventory

Annual Holding

Cost

Annual Ordering

(Setup) Cost

EOQ

Total Cost GraphInventory Management

$

Q


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Total Cost of

Service Capacity

Cost of

Service Capacity

Cost of Customers

Waiting

Optimum

Service Capacity

Total Cost GraphQueuing (Servers)

$

Number of Servers


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Annual Ordering (setup) Cost

Annual Purchasing Cost

Annual Holding Cost

FormulasIn English please!


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Number of orders (setups)

Average inventory

FormulasIn English please!


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Maximum inventory

Maximum run size

Cumulative

Production

Inventory consumption

Inventory buildup

t1

t2

to

Run time

‘Idle’ time

GraphsWorth a thousand words (English)

Time


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Excel SkillAutomating tedious, repetitive computation

Important Excel Functions

  • Absolute vs. relative cell address

  • Use of Named cells/ranges

  • Vlookup function

  • If function

  • Graphing

  • Active worksheets


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Excel SkillAutomating tedious, repetitive computation

Important Excel Functions

  • Absolute vs. relative cell address

  • Use of Named cells/ranges

  • Vlookup function

  • If function

  • Graphing

  • Active worksheets


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