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sineoko [7]
3 years ago
14

With relevant example of your choice, explain the important framework for managing operations used by production firm

Business
1 answer:
Wewaii [24]3 years ago
7 0

Answer:

An operational framework can referred to as the guide for the policies, standards, objectives, training, processes of any organization.

The means in which the business is carried out is determined by the operational framework and it promoted the culture and identity. this may also involve good governance principles and develop the values and departments within the organization. several elements are contained in a different framework.

An example is that manufacturing framework will include the choice of layouts from the different type of layout. Batch processing continuous production, and so on can be decided. the department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

Explanation:

Solution

An operational framework refers to the guide for the policies, standards, objectives, training, processes of any organization.

The way in which the business is executed is decided by the operational framework and it promoted the culture and identity. this may also integrate good governance principles and develop the values and departments within the organization. several elements are included in a different framework.

Production framework :The manufacturing organizations can adjust to the different kinds of procedures, policies, and activities in the manufacturing department.

This will involve the process of selecting the actual layout, processes to produce the products, quality management methods, and further more. This is necessary as it will have a long-lasting impact on the general future and profitability of the organization.

An example is for this is that the manufacturing framework will involve the selection of layouts from the different kind of layout. Batch processing continuous production, and so on can be decided.

The department can think of implementing the Kaizen, Six Sigma methods for the quality improvement.

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An import restriction (tariff or quota) creates a net loss in welfare for the importing nation because:___________
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Carla is preparing a speech. How will creating an outline most help her speech?
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Crane Corporation is reviewing an investment proposal. The initial cost is $103,400. Estimates of the book value of the investme
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a) The cash payback period for Crane Corporation's investment proposal is 3 years.

b) The annual rate of return for the investment is as follows:

Year 1 = 10% ($10,700/$104,500 x 100)

Year 2 = 19% ($13,100/$69,300 x 100)

Year 3 = 33% ($14,000/$42,100 x 100)

Year 4 = 82.5% ($17,400/$21,100 x 100)

Year 5 = 232% ($17,900/$7,700 x 100)

c) The net present value of the investment by Crane Corporation is $30,643.

<h3>Data and Calculations:</h3>

Target rate of return = 11%

Year   Initial Cost and Book Value  Annual Cash      Annual Net

                                                               Flows                Income

0                 $104,500

1                                        69,300        $45,900            $10,700

2                                        42,100          40,300               13,100

3                                         21,100         35,000               14,000

4                                         7,700          30,800               17,400

5                                               0          25,600                17,900

The cash payback period is <u>3 years</u> ($104,500 - $45,900 - $40,300 - $35,000).

<h3>Net Present Value:</h3>

Year   Annual Cash Flows    PV Factor        Present Value

0               -$104,500                     1                 -$104,500

1                  $45,900                0.901                  $41,356

2                 $40,300                0.812                   32,724

3                 $35,000                 0.731                  25,585

4                 $30,800                0.659                 20,297

5                $25,600                 0.593                   15,181

Net Present value =                                        $30.643

Learn more about the payback period and NPV at brainly.com/question/16999673

#SPJ1

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1 year ago
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