Operations Management
Operations Management
3 credits · 24 chapters · 90 flashcards
Not startedNot started
Pre mid-sem
- What operations management isNot startedThe transformation process, goods versus services, and the two kinds of decision an operations manager makes. · 40 min · 27 steps · Sessions 1-2Quiz: 6 questions, 70% to pass
- ProductivityNot startedOutput over input: partial, multifactor and total factor productivity, productivity growth, and what actually raises it. · 45 min · 26 steps · Session 3Quiz: 6 questions, 70% to pass
- Why location decisions matterNot startedWhen a location decision arises, the four levels it is taken at, and the key success factors at each level. · 35 min · 20 steps · Session 4Quiz: 6 questions, 70% to pass
- Factor rating and cost-profit-volumeNot startedScoring locations on weighted factors, and comparing them on fixed cost, variable cost and the volume where the winner changes. · 55 min · 21 steps · Sessions 5-6Quiz: 6 questions, 70% to pass
- Centre of gravity and load-distanceNot startedPlacing one facility on a map: the weighted-average coordinates, and scoring candidate sites on load times distance. · 50 min · 18 steps · Sessions 6-7Quiz: 6 questions, 70% to pass
- Network design and the transportation modelNot startedWhich plants to run and how much each ships to each market, at least total cost, under capacity constraints. · 50 min · 20 steps · Session 7Quiz: 6 questions, 70% to pass
- Plant layout: principles and typesNot startedWhat a layout is for, the seven principles, the four basic types, and where cells and group technology fit. · 45 min · 23 steps · Sessions 8-9Quiz: 6 questions, 70% to pass
- Line balancingNot startedTakt time, cycle time, the theoretical minimum number of stations, and the efficiency and balance delay of an assignment. · 1 h · 23 steps · Sessions 9-11Quiz: 6 questions, 70% to pass
- Process layout and CRAFTNot startedMinimising material-handling cost between departments, and the pairwise-interchange algorithm the class ran in Excel. · 55 min · 20 steps · Sessions 11-12Quiz: 6 questions, 70% to pass
- Forecasting: what and whyNot startedThe two aspects of a forecast, the four features every forecast shares, the six steps, and the three families of technique. · 40 min · 23 steps · Session 13Quiz: 6 questions, 70% to pass
- Moving averages and smoothingNot startedSimple and weighted moving averages, exponential smoothing, and how the choice of n or alpha changes what the forecast does. · 55 min · 21 steps · Sessions 13-14Quiz: 6 questions, 70% to pass
- Forecast accuracy and trendNot startedMAD, MSE and MAPE, and fitting a least-squares trend line to forecast a period that has not happened yet. · 55 min · 24 steps · Sessions 14-15Quiz: 6 questions, 70% to pass
Post mid-sem
- Inventory: types, functions and costsNot startedWhat inventory is for, the six types and six functions, and the four costs every inventory model trades off. · 40 min · 20 steps · Session 16Quiz: 6 questions, 70% to pass
- The economic order quantityNot startedThe order size that minimises holding plus ordering cost, and the six quantities that follow from it. · 1 h · 19 steps · Sessions 16-17Quiz: 6 questions, 70% to pass
- The economic production quantityNot startedWhat changes when you make the item instead of buying it: a ramp instead of a jump, and a smaller peak inventory. · 50 min · 19 steps · Sessions 17-18Quiz: 6 questions, 70% to pass
- Quantity discountsNot startedWhen the price falls with order size, purchase cost re-enters the model and the answer is usually a price break, not the EOQ. · 50 min · 18 steps · Session 18Quiz: 6 questions, 70% to pass
- Reorder point and safety stockNot startedWhen to reorder once demand and lead time refuse to stay constant, and how much extra stock a chosen service level costs. · 55 min · 21 steps · Session 19Quiz: 6 questions, 70% to pass
- ABC classificationNot startedSorting items by annual value so that control effort goes where the money is, and reading the cut points sensibly. · 45 min · 18 steps · Session 20Quiz: 6 questions, 70% to pass
- Material requirements planningNot startedExploding a master schedule into time-phased component orders, offset by lead time, one six-row grid per item. · 1 h · 22 steps · Sessions 21-22Quiz: 6 questions, 70% to pass
- Aggregate planning: options and strategiesNot startedMatching medium-term capacity to demand: the demand options, the supply options, and the level, chase and hybrid strategies. · 45 min · 21 steps · Sessions 22-23Quiz: 6 questions, 70% to pass
- Costing an aggregate planNot startedFilling in the table row by row, from forecast to backlog, and totalling two plans so they can be compared. · 1 h · 19 steps · Session 23Quiz: 6 questions, 70% to pass
- Scheduling and sequencingNot startedWhich job goes first at one work centre, and Johnson's rule for two, judged on flow time, tardiness and makespan. · 1 h · 21 steps · Sessions 24-25Quiz: 6 questions, 70% to pass
- Project management: PERT and CPMNot startedFinding the critical path, the slack on every activity, and the probability of finishing on time. · 1 h 5 min · 26 steps · Sessions 26-27Quiz: 6 questions, 70% to pass
- Logistics and supply chainNot startedThe 7 Rs, 1PL to 3PL, service-level agreements scored with RATER, push against pull, and choosing a transport mode. · 55 min · 28 steps · Sessions 28-30Quiz: 6 questions, 70% to pass
Assessment
| Component | Weight | Note |
|---|---|---|
| Mid-Trimester Exam | 30% | Sessions 1-15: introduction, productivity, facility location, plant layout, line balancing, forecasting. |
| End-Trimester Exam | 30% | Sessions 16-30: inventory, MRP, aggregate planning, scheduling, project management, supply chain. |
| Individual Assignment | 10% | PLO 2a. Four Excel submissions were set on Classroom: location selection, CRAFT, and two forecasting sheets. Rename every file with your roll number before submitting. |
| Class Participation | 10% | |
| Quiz | 20% | No quiz date or quiz pattern appears anywhere in the material. |
What the exam looks like
The outline gives no exam pattern, but the slides and the graded assignments do: this is a numericals paper. Every topic in the decks ends in two to six worked practice problems, the mid-sem covered sessions 1-15 and the end-sem covers 16-30.
Expect a few short-note or definition questions (goods versus services, the principles of plant layout, push versus pull supply chains, PERT versus CPM) followed by four to six numericals solved by hand with the working shown.
All four graded assignments were Excel submissions, so Excel was the practice medium, but the paper is pen and paper: every method here works with a calculator. The learning objectives say to apply tools and analyse alternatives, so the paper will also ask which method fits a given situation.
What the professor expects
The outline's expectations row is blank. What the professors actually said: bring a laptop to the location-selection sessions, and rename every Excel file with your roll number before submitting.
The course requirement is to come to each session having read the reference material for it. The slides are the syllabus; the textbooks are the backup.
Books
- Operations Management: An Integrated Approach 8e, An Indian Adaptation - R. Dan Reid, Nada R. Sanders, Sidhartha S. Padhi (prescribed; the Drive copy is the 5e by Reid and Sanders)
- Production and Operations Management - R. Panneerselvam (reference)