Operations management are multiple activities that create value for consumers by way of a good or service. The create the good or service and put them out in the market.
When planning a managing a large product you need to make sure that the phases are follow throughly and accurately.
Phase 1) Planning
Phase 2) Scheduling
Phase 3) Controlling
The capacity requirement for a week at Work Center A is 151 hours
Explanation:
Labor hours per unit of component in automobile factory = 0.75 hours
Setup time required in Work Center A = 1 hour
The planned order size for a week = 200 units.
Capacity = Setup time + [Processing time × Order size].
- Capacity = 1 + (0.75 * 200)
- Capacity = 1 + 150
- Capacity = 151 hours
Answer:
Elasticity is more than One (Ed > 1): When demand is elastic, a fall in the price of a commodity results in increase in total expenditure on it. On the other hand, when price increases, total expenditure decreases. It means, in case of highly elastic demand, price and total expenditure move in the opposite directions.
Explanation:
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Answer: world price. The guy under is correct
Explanation: