Operations Management Exam 1 Review Notes

Basic info for Exam 1 Types of questions you can expect * Ones similar to assigned discussion questions, homework * How topics in assigned articles relate to key concepts below: test questions similar to these are fair game. * You will have the formula sheet handed out during forecasting section. The most important things to know from part 1 of this class 1) Chapter 1 a) How to measure performance of a process: financial measures, external measures, internal measures and why you would choose one over another. ) 4 product attributes and their corresponding process attributes i) This is something to memorize. c) Job shops vs flow shops: attributes of each and which products is each suited for? d) Will not cover product-process matrix. 2) Chapter 2 e) How process competencies support a firm’s strategic position. ii) Market-driven strategies (identify market needs and develop processes to support them) vs. rocess-driven strategies (Amazon hosting websites, cloud computing for othe r companies, G&H with financial aid call center branching out to other services) iii) Operational effectiveness vs. operational efficiency: low cost of operations does not necessarily support the business strategy iv) Focused strategies allow for competitive advantage (1) Plant-within-a-plant: why would companies do this and what makes this succeed or fail? ) Question about hypothetical company or companies we’ve analyzed in book, articles, class discussion—what are their business strategies/product competencies and how do their process competencies support them? g) Competitive product space 2-D graph: may ask you to interpret one but not to draw one v) Idea of operations frontier, that it represents the highest level of operational effectiveness (2) Effect of technology and improved management practices on the operations frontier. h) Order-qualifiers vs. rder winners (in slides, G&H discussion) i) Will not be tested on section 2. 7 j) Last 3 slides not covered: Disney and McDonalds 3) Forecasting k) Anything covered in book is fair game: Expect questions very similar to those in class, on HW. l) General categories: subjective, time-series, associative/causal m) What are key features of each forecasting method, why would you choose one over another? n) Trends, seasonality: know what these are, which methods account for these, and how they do it. ) Forecasting error and bias: why are these important to measure, what they mean, what are differences between methods for assessing them (MAD vs. MSE, for example) p) Use of control charts: how to make one and what are they used for. 4) Chapter 3 q) Takt time not covered but everything else is fair game. 5) Chapter 4: Flowcharting and network design r) Interpret or make a simple flow chart s) Using a flow chart to start to improve operations (esp. in conjunction with chap 3 and Little’s Law)

Insights as a Treasurer

Insights as a treasurer Being bestowed upon me the task to collect and protect the fund of our club is tough and keeping it safe from corruption and theft a lot tougher. When making difficult decisions to the whole group, I must consider being prepared and clear- minded all the time for me to be able to make decisions for the good of the many. This task serves as a training for me to be ready and aware on what will need to do when I reach the stage when I will support my in the future.This will be the start in which I can show my classmates and teachers that I can be trustworthy to whatever they want me to accomplish. Even being confronted with the temptation of wealth and riches, this time I can prove myself that I can be trusted In little things as well as the big things. I am glad that I've served my classmates well and in five months that Vive been doing this Job, encountering problems are inevitable but with the help and purport of my classmates, I managed to hold on do the Job the right way. Paul John Man-on SITS Club Treasurer Insights as a treasurer Treasurer tough and keeping It safe from corruption and theft a lot tougher. When making 1 org and riches, this time I can prove myself that I can be trusted in little things as well as the big things. I am glad that Vive served my classmates well and in five months that Paul John Man-on SITS Club Treasurer

M*A*S*H: The Evolution

From a simple book turned into a movie then to one of television’s greatest legend, M*A*S*H had beautifully evolved to a work of art. Its popularity and stretched life span is enough testimony for the show’s quality—not to mention several nominations and awards. It was one of the most watched television shows of its time. Much of the show’s success is the fruit of fine ensemble acting, beautifully written witty script, and the most noticeable of all: the innovative use of the camera. The script’s satirical charm has won the loyalty of fans through its clever use of humor. Overlapping dialogues was a device frequently used by the show. This gave the script wit and it sounded very natural. It also made way for some of the show’s most famous punch-lines. The script can be easily followed by the audience even though it’s episodic. It followed a solid story that has kept the audience entertained. It debunked the idea that war story genre had to be have a serious atmosphere. M*A*S*H is considered as a show ahead of its time. The show had stood firm through the years even though it underwent several changes like changes of cast members and important people behind the camera. The early episodes of M*A*S*H, though lacking the production equipment we have now, was shot in style. Stylish zooms were used and quite got the attention of critics. Camera techniques were very important in the storytelling.   The zooming and panning used in the show is now a convention in television shows. We should also appreciate the show’s long shots. This is not done much in television productions, even today with all the advancement in camera technology. To think that M*A*S*H was able to produce such kind of high-quality show is very impressive even to today’s most acclaimed directors. As a war story, the cinematography has to give the audience a war story feel. M*A*S*H has succeeded in that aspect and continued to further improve the quality of cinematography.   The early years of production had to work with average level equipments. As time had gone by and the pilot show promised popularity, they were given more money to take the show to the next level and set the show apart from the other shows of that time. More money is now available to acquire equipment to improve lighting and sounds. The improved lighting, let’s just say that it made the show more easy to the eyes. The lighting made the shots eye candies. It highlighted the colors of the situation and delivered the feel of war to television screens. The close-up to actors is now reduced of unwanted shadows that maybe distracting to the audience. The costume, especially in the later episodes was given more color and character by the improved lighting. The long shots and the other camera shots made in the exterior were improved to a point that the audience can feel the situation. The shots made in the interior were also improved by the lighting. It gave a more in depth feel of rooms for medical attention in the gory times of wars. The improvement of sounds also contributed much to the show’s success. From the opening credits to the closing, the tunes are catchy enough to keep the audience attention intact. The background music doesn’t over power the actor’s voice while he or she is speaking his or her line. This is very important to a television show and M*A*S*H seems to be very aware of that fact. The background music is just there to heighten the emotion of scenes, not to be the scene itself.   Audibility is a major factor to be considered in every production.   M*A*S*H has also improved in this aspect. From gunshots to door creeks, from shouts to whispers, audibility has definitely improved. Multiple editing also became an important facto to the show’s success. The pursuit of quality is clearly meticulously pursued by the show. This is vey hard for a production because aside form the fact that it is costing the production more money, it is causing the production precious time. Wastes in time in a television production are unforgivable in the genre. There is never a day that a television production has no tight deadline to meet.   But the sacrifice made by the production to further improve the quality of their show is really impressive, especially during their time where editing equipment is rather slow by the standard of today and the budget is tight. M*A*S*H is a television show that the shows of today is modeled. M*A*S*H has all the necessary factors for a hit show. It is the recipe that should be followed by the shows of today if they want to run for more than a decade like M*A*S*H did.   M*A*S*H may have been to several heavy changes, but the important thing they did is that kept the quality of their show high and kept giving their audience entertained and laughing even to the most serious of situations like war. This show has shown us how effective the camera is in the aspect of storytelling. The exploration of M*A*S*H in the use of camera is phenomenal. They are one of the pioneers of such effective use of the camera. This show has proven that an expensive camera is not the formula for a hit show. It is the use of that camera that is very important. Today’s television shows that lacks on this aspect should look back and study M*A*S*H as their model show. To think that M*A*S*H can still stand toe to toe to a television show of today really proves its legendary reputation. If only the use of cameras now has the same motivation and passion just like the people of M*A*S*H, I am very excited to think of the possibilities. The cameras of today are way beyond the capabilities of the cameras back then. If the new technologies is only used and pushed to its full potential, who knows how high the level of quality we can achieve. Reference Editorial Reviews. 2000. Mash- Season One on TV. Retrieved 0ctober 29, 2007

VISUAL CULTURE Essay Example | Topics and Well Written Essays - 750 words

VISUAL CULTURE - Essay Example What was highlighted instead was the atmosphere that contributes to the gore and brutality of the execution. The main subject which was a civilian with his arms spread like the Christ in crucifixion was set against the backdrop of the rising mountain and heavy blackness of the night to highlight the terror of the persecution (Singer 42). He also emphasized fear in the painting by â€Å"trailing the line of unfortunate captives into the distance, suggesting that this action will by repeated throughout the night† (Harris). , Goya’s The Third of May painting was rendered with â€Å"broad and rough strokes of the brush [similar] to the mature work of the Great Spanish Baroque painter Diego Velasquez whom Goya so much admired1†. I personally like the theme and social message of the painting because it is very relevant today. It is happening in Syria, Egypt and somewhere else albeit the parties are different but the nature of persecution remains. Francisco de Goya’s â€Å"First of May† may be the first strongest political artwork that depicted persecution. Originally, Goya’s Third of May painting was borne out of the Spaniard’s social unrest when a French soldier was shot dead in Madrid on May 2, 1808 (A painting entitled Dos de Mayo Uprising preceded the Third of May painting where the citizens of Spain revolted) during the Napoleonic occupation. The blame was pointed to a Spanish sniper where the French soldiers retaliated with a swift, brutal and disproportionate response on the next day (hence the title Third of May). Napoleonic troops then retaliated by rounding up a large number of innocent peasants on the Third of May who were accused to part of the uprising. The soldiers had the peasants marched beyond the city walls and then had them shot of which Goya putatively had witnessed. This background of the painting of disproportionate response of violence to social unrest corresponds

2.What is the democratic peace theory What are its strengths and Essay

2.What is the democratic peace theory What are its strengths and weaknesses - Essay Example The empirical association between peace and democracy has been challenged and debated since the inception of this theory to the current times. Statistically, the likelihood of democracies going into war is considered to be very low (Art and Jervis, 2005: 256). This theory not only challenges the existence and validity of other systems of politics such as communism and fascism, but also challenges the prevailing international relations realist view, which emphasizes that common strategic interests and calculations of balance of power are what explain stability and peace which characterizes liberal democracies relations (Baylis, Smith and Owens, 2010: 424). It is no doubt that DPT is a fundamental aspect in understanding international relation and politics. Therefore, this essay will focus on understanding DPT in detail, as well as focus on its advantages and disadvantages. The proponents of DPT have offered several explanations regarding the assertion that democracies rarely or never go to war with each other. Some of these explanations include: democracies often peaceful conflict resolution norms that they employ in external relations; democracies relate and trade heavily with other democracies and war will be very costly and of little or no gain at all; democracies are made up of democratic institutions like powerful legislations and competitive elections which may prohibit governments from going to war; and democratic leaders are answerable to voters for issues such as war and therefore they have an incentive to find alternatives (Art and Jervis, 2005: 257). Fundamentally, there are four main explanations for the democratic peace theory: structural, monadic, dyadic, and normative explanations. The structural explanation holds that it is the representative government institutions which hold decision makers and elected officials accountable to a wide electorate, which make a war to be

'Suddenly, Last Summer 'Film Review Essay Example | Topics and Well Written Essays - 250 words

'Suddenly, Last Summer 'Film Review - Essay Example The doctor realizes that Sebastian and his mother used to go everywhere together and as trendy jetsetters, they surrounded themselves with the same type of people. When his mother had a stroke, he starts going with Catherine on trips. She realizes that he likes men though it is never discussed and to say so seems like an insult to his character. It turns out that Sebastian had used his own mother and his cousin, Catherine, like bait, to lure in men he thought were attractive and then he used them for sex. While in Spain, Catherine and Sebastian were being harassed by a group of men begging for money. When Sebastian rejects their please, he takes off running and while Catherine tries to catch up to him, she finds that he has been attacked by the boys and eat him so like he was a man eater by finding men and spitting them out when he was through, the men that literally ate him, devoured him. This is common of Classic Hollywood because being homosexual was taboo. Sometimes there were even depictions of violence even though it was sometimes just playful. It is not surprising that a homosexual was basically ‘preyed’

Working with Budgets Assignment Example | Topics and Well Written Essays - 250 words

Working with Budgets - Assignment Example It also assists in avoiding idle cash and any cash shortage that may adversely affect the organization. The cash budget consist mainly of four sections: Receipts, where cash balance at the beginning is entered plus all other cash collections from customers and other receipts; disbursement section, where all the cash payments are entered; cash surplus or deficit column, where the difference between receipts and payments are entered and finally, the financing section, enumerating a detailed account of repayments and borrowings expected during the financial period. The other budget that I work with in the organization where I work is the operating budget. This refers to a statement representing the organization’s financial plan for each duty center during the budget period and shows the operating activities involving expenditures and revenues. The various types of operating budgets I work with include revenue, expense and profit budgets. Revenue budget mainly identifies the revenue needed by the organization and mainly projects organization’s future sales. Expense budget is an operating budget that identifies expected future expenses during the budget period. These include fixed, variable and discretionary costs. Profit budget, on the other hand, is a combination of revenue and expense budget into a single statement to reveal the net and gross profit realized during the period. This budget is important because it aids in making final resource allocation (Ippolito, 2004). Working with different types of budget separating makes work harder as the organization I work with has been adopting this system. To make work easier, it is imperative that these budgets should be linked together in form of a master budget. A muster budget will be able to incorporate all the organizations financial and operating plans for the entire period (Cooke