Operation Analysis

In: Business and Management

Submitted By aloofplum
Words 405
Pages 2

After fulfilling all the variables and constraints in the Excel, We run the Excel solver tool and choose to create the answer reports and the sensitivity reports. The Answer Report, as we all knew that, it can provide basic information about the decision variables and constraints in the model. It also gives us a quick way to determine which constraints are binding and which constraints have slack. Our data illustrated in the Answer Report are shown here:

It can be seen that the final value which is the optimal objective function value is $1,522,130. (one million, five hundred and twenty two, and one hundred thirty)

And the optimal solution is shown in the table below:

As the result, the number of Swimming(X1), Body Combat(X4), and Spinning Bike(X5) courses reach the maximum limitation. The result does not surprise us at all and it goes just like what we thought at the beginning. Because these three are the most profitable courses. We should have them as many as possible as long as they are under the resources constraints.
The bottom table shows the status of the resources under the optimal solution.

In order to maximum the profit, we need to monitor the resources. Some of them indicating binding and zero slack which means that if we change the value of them, the optimal solution will have to change. It’s worth to mention that Demand is not used up in this optimal solution. The information tells us that the Sporting Center still have rooms to be improved to attract more customers . For example, the Sporting Center can hire more Teaching Assistants or increase their electricity expense budget.

Except the Answer Report, we have run the Sensitivity Report which can explain the data accuracy and robustness.

This report tells us that the optimal solution is pretty robustness. Because the range we can change the profit margin…...

Similar Documents


...Running head: Operation/Industry Paper Organization/Industry Paper University of Phoenix Eco 365 Introduction For many years, people across the United States has sought out ways in which to make money, and at the same time, provide for people a place where they can go and buy the necessities they need. Entrepreneurs from across the United States had ideas that seemed logical, but in actuality were not. Stores, business, and companies have been built, only to last for a short time. Not every store or business built has been successful. Many entrepreneurs in the United States had to take a huge hit before they built something successful. Such was the case for Sam Walton. His first attempt to developing a successful franchise failed. With much determination and desire to succeed, he became one of the most successful entrepreneurs of all time. Wal-Mart’s first store opened its doors in 1962. Sam Walton was the founder of the organization, which he thought of only after he had opened a chain of variety stores in the fifties that were unsuccessful. After the failure of those stores, Sam Walton went across the nation and studied everything there is to know about retail discount stores. Believing in his ability and with what he had learned from his first failed experience; Wal-Mart was born in Rogers Arkansas. Throughout the 60’s, discount retailers such as K-Mart and Target began to expand drastically, but Sam Walton had only built 15 Wal-Mart stores. That...

Words: 1355 - Pages: 6

Operation Flood

...OPERATION FLOOD The National Dairy Development Board in 1969 designed a dairy development programme to lay the foundation for a viable, self-supportive national dairy industry. The programme sought to link rural milk production to urban milk marketing through dairy cooperatives. In July 1970 with technical assistance from the United Nations Development Programme (UNDP) and the Food and Agriculture Organization (FAO), the programme was launched as Operation Flood (OF). It was the world's biggest dairy development programme which made India, a milk-deficient nation, the largest milk producer in the world, by 1998. It made dairy farming India’s largest self-sustainable rural employment generator. All this was achieved not merely by mass production, but by production by the masses. The Anand pattern experiment at the Kaira District Co-operative Milk Producer’s Union, better known as Amul, a single, cooperative dairy, was the engine behind the success of the programme. Dr. Verghese Kurien was the founder-chairman of NDDB and Tribhuvandas Patel was the chairman at Amul at the time. Dr. Kurien gave the necessary thrust using his professional management skills to the programme, and is recognized as its architect. Dr. Kurien’s Amul experiment in Gujarat soon blossomed into the much larger Operation Flood, spread over 23 states, 170 districts and 90,000 village cooperatives. It changed India from an importer to the world’s largest producer and exporter of milk. Operation Flood...

Words: 591 - Pages: 3


...Zhenni Lou Option 7:Research Assignment for Operation Management Understanding Apple Company’s value chain This main purpose for this article is to analyze Apple Company’s value chain. From this article, some professional knowledge about value chain in operation management can be learned. And the analyze will be deeply discussed in operation structure. In the textbook, operation structure is defined as the configurations of resources in the value chain including elements of suppliers, factories, distributors, sales offices, design and so on. (Collier and Evans, OM) The following articles will analyze specifically how these elements are operated in Apple Company from the view of Value chain style and value chain model. We can not deny that Apple Company is familiar with everybody in the modern society. In 1976, Apple Company was set up by selling computers. They expanded their business to other industries especially in music player and phone during the development of the company in last 11 years. (Apple company) Nowadays, Apple is the dominant marketing leaders in each field they joined in. The most significant factor of these excellent performances is the attitude to the value chain management. The obvious proof for this conclusion is the last sentence of the article as follow: Apple plans to double spending on its supply chain, to $7.1 billion...

Words: 1369 - Pages: 6

Operation Research

...Cases in Operation Management Semester 4 PGDBA (Operations) Page 1 Question-: 1 The “Quality Auto Works” is a manufacturer of auto parts. All the auto parts being manufactured in the industry are required to be phosphated for surface protection. Presently other small units are done this phosphated work. Quality Auto Work is now thinking of installing its own phosphating plant and is interested about knowing about following. (A) Should the install new plant or continue the present practice of subcontracting? For finding out whether the firm should do the phosphating work by own or it should contract other for the some one, we have to compare both the cost which are as follows. Annual Cost of subcontracting Cost of purchase =6.25x12000x12 =9, 00,000/- Cost of Transportation Total Cost =1800x12=21600/- =9, 21,600 Annual cost for installing own phosphating plant: Installation cost of plant: 2, 80,000x0.2452= 68,656/- Labor cost Benefit to labor Power Raw material : 8000x12 = : 96000x40/100 = : 12,000x0.23x12 = : 12000x0.45x12 = 96,000/- 38,400/- 33,120/- 64,800/- Total cost of installing = 3, 00,976...

Words: 826 - Pages: 4

Operation Management

... will be sent back to supplier to claim for the certain money. This distance for those materials to be returned back to the station that receive materials takes for 1 meter long. The remaining material will be moving into storage which take 10 minutes time. Meanwhile, our operation department will start the operation. First, the machines will assembly the spectacle and its structure according to the design for 20 minutes longer. Next, they will start to build a frame in 10 minutes time. Once the frame had built, it will send to the next operation which the machine will insert the lens and the camera automatically which takes 5 minutes respectively. Next, it will start insert the chip for voice recognition, nano SD memory card and battery in 10 minutes for each part. When the frame and the temple tips have done, the next step will be combining the temple tips and frame together which takes 10 minutes to complete this step. It will be sent to the next machines which will inspect the whole function of the product to ensure the product can be used. The process also takes 10 minutes time. The qualified product will be sent to next machines which cover the whole spectacle with rubber which takes 10 minutes time. After that, the completed product will move to quality control station which take 1 meter long distance. Next, the employees will finalize the product for 20 minutes to ensure the quality reach satisfactory level.Lastly in the process planning for our product, the Snap...

Words: 4046 - Pages: 17


...Operating Instructions of the Flood Light Warning: In order to install the light correctly, please read and keep the operation instructions carefully after unpacking. 1. Main Structure and Application Scope of the Flood Light The housing of the flood light is made from high-intensity die-casting aluminum with spray painting surface, which has a good effect of heat dissipation. It is mainly used for outdoor lightings, such as cottages, courtyards and hotels,etc. 2. Main Structural Parameters Product Size: Rated Working Voltage: Rated Power: Frequency: Viewing Angle: Color Rendering Index: Life Span: Luminous Flux: Anti-electric Shock Rate: Lamps Temperature: Enclosure Protection Class: LED Lamp Beads QTY: 3. Installation Requirements and Maintenance (1) Arranging various parts and accessories that the light needs. (2) Cutting off the power before installation. (3) The wires of the light should be installed with the corresponding power lines. (4) Making sure the light is installed on the fastening surface and then lighting up the light. 4. Notices (1) The light must be installed by the professionals. (2) If the light meets some damages due to the unpredictability, it will be considered as a substandard product and will not be used. Instrucciones de operación del reflector. Advertencia: para la instalación correcta del reflector, por favor, leer y guardar cuidadosamente las instrucciones de operación después de desempacar. 1. Estructura......

Words: 312 - Pages: 2

Operation Management

... research to find out what colors, shapes, finishes or user-interface styles will be relevant to consumers between now and 2 years time. The process of finding these visual codes- at Philips Design they call it “Cultural Scanning”- involves looking at what’s happening out on the street around the world. An effective management can create competitive advantage to the Philips. Not only build credit and trust to customers, but also gain competitiveness among competitors to ensure a stable market position. If the market have some changes, smooth operation company could react speedily to deal with the changes and avoid making lost of the firms. So having a effective management of operation is important to every company. Reference: http://www.investopedia.com/terms/o/operations-management.asp http://www.careers.philips.com/main/jobfunction/supply_chain.wpd http://www.newscenter.philips.com/main/design/about/design/speakers/speeches/keyfactortosucces.wpd http://smallbusiness.chron.com/six-requirements-successful-value-chain-management-3359.html http://www.designsingapore.org/Files/Bcs/Phillips%20Design%20Case%20Study.pdf http://essays24.com/print/Analysis-Philips-Lightning/55820.html [pic]Confirmation Certificate Congratulations! You have successfully completed the Library Plagiarism Quiz. Student Name: Qu MengLi Student Number: 12257675 Date:......

Words: 1111 - Pages: 5

Operation Management

... that affect the breakeven point are: * Unit contribution margin: Any change in the unit contribution margin will affect the break-even point. Variable costs that change in direct relation to volume of output. Variable cost change in direct proportion to revenue, affecting the operating income or breakeven point. Any additional $ will result in an increase in additional of variable cost. Unit selling price, any change in the unit selling price will affect the break-even point. Unit Contribution Margin= Unit Selling Price — Variable Cost per Unit * Unit sales volume, any change in the sales volume will affect the break-even point. Any change in fixed cost and the contribution margin will affect the break-even point. Contribution margin per unit, which is the amount by which revenue exceeds variable cost. Sales Volume (in units ) = _____Fixed Costs________ Contribution Margin per unit Sales Volume (in units ) = _____Fixed Costs________ Contribution Margin per unit The variable of contribution margin is the most important because it provides a quick means for business to determine the unit sales volume required to break even or earn any desired of operating income. Knowing the break-even sales volume can be of vital importance to business operation. It can help them decide...

Words: 1673 - Pages: 7

Operation, Management

...Operations performance objectives This first point made in this section is that operations objectives are very broad. Operations management has an impact on the five broad categories of stakeholders in any organisation. Stakeholders is a broad term but is generally used to mean anybody who could have an interest in, or is affected by, the operation. The five groups are: * Customers - These are the most obvious people who will be affected by any business. What the chapter goes on to call the five operations performance objectives apply primarily to this group of people. * Suppliers - Operations can have a major impact on suppliers, both on how they prosper themselves, and on how effective they are at supplying the operation. * Shareholders - Clearly, the better an operation is at producing goods and services, the more likely the whole business is to prosper and shareholders will be one of the major beneficiaries of this. * Employees - Similarly, employees will be generally better off if the company is prosperous; if only because they are more likely to be employed in the future. However operations responsibilities to employees go far beyond this. It includes the general working conditions which are determined by the way the operation has been designed. * Society - Although often having no direct economic connection with the company, individuals and groups in society at large can be impacted by the way its operations managers behave. The most obvious...

Words: 1318 - Pages: 6


... 1. WHAT IS CO-OPERATION? Co-operation is the reason why the team exist, to work together to the same end and towards the same objectives. This is the involvement of several entities who work helping each other to achieve a common goal. The co-operation goes through effective communication to be able to clearly describe what needs to be done. Indeed, communication is the key to collaboration, create a connexion with the team and interact equally with all the members. 2. HOW IT APPLIES IN LEADERSHIP? “Quality leadership … is directly related and dependent on the effective communication of clear and concise values.” Simply the Best –Workplace in Australia. Hull & Read 2003 This reference shows that there is no more importance than having effective and strong values. In co-operation, the leader has to delegate his ideas to all his team in order to work all together. If a leader can’t relate his values to his team, the risk his not working towards the same goal. That is the reason why communication is important for the collaboration of everyone. The role of the leader is also to delegate a positive energy within the group, encourage the team, create a good and friendly work environment, all that help to keep productivity in the co-production. Indeed, the morale is linked to positivity and a positive behaviour from the leader will lead his team to do so. Moreover, being able to inspire a team is great for focusing on the goals. “These values also influenced the...

Words: 620 - Pages: 3

Operation Management

...Operational efficiency is imperative for a company and can play a major role on the success of a business in the long term. Operational efficiency deals with the maximization of resources, in order to deliver quality products and services to customers. In the article “Making Strategy Real” the authors explain that in today’s competitive global business environment, virtually all firms work diligently to analyze alternatives and to create a business strategy that enables competitive advantages. Operational efficiency is a strategy implemented from a customized action plan, that supports companies on having a vision with all methods and systems from supply chain to human resources. Operational effectiveness is defined on how effective the resources are being applied to the operation. Operational effectiveness refers to any number of practices that allow an organization to better utilize its inputs (Ewyk, 2003). OE combined with a strategy is a path to superior performance. Operations strategy looks at the long-term issues of how to manage the resources which produce products and services. Operation strategy and operational effectiveness must be clearly distinguished from each other however. Operations strategy is a functional policy that is overseen by decisions taken at the top of the organizational tree. Operations strategy binds the various operations decisions and actions into a cohesive consistent response to competitive forces by linking firm policies, programs...

Words: 644 - Pages: 3

Operation Management

...1. The 4 V’s Overview All operations processes have one thing in common, they all take their ‘inputs’ like, raw materials, knowledge, capital, equipment and time and transform them into outputs (goods and services).  They do this is different ways and the main four are known as the Four V’s, Volume, Variety, Variation and Visibility. 2. The Volume Dimension A great example of this is McDonalds, they are a well known example of high volume low cost hamburger and fast food production.   The volume of their operation is key to how their business is organised.  Essential to their operation is the repeatability of the tasks their employees are doing as well as the systemisation of the work, where standards and procedures drive the way in which each part of the job is carried out. This combination provides a low cost base. In contrast a local café has a much lower  volume of output, less labour, less systemisation, and each staff member completes a wider variety of tasks which results in higher unit costs. 3. The Variety Dimension A common example used to describe the variety dimension is the contrast between a taxi and a bus service.  Both offer hired transportation services but a taxi service has a much higher variety dimension as they will basically pick you up and drop you off wherever it is you need to go.  A bus offers a defined route and schedule.  Whilst they offer a similar service, variety and flexibility is high for the taxi company and low for the bus company. It...

Words: 489 - Pages: 2

Operation Management

...Professional Assignment: 1 Supplier Integration in the design of the Skid –Steer Loader Submitted By Bivek Shrestha BUS 601(4-5.01): Operation Management Submitted To Professor: Dr. Stephanie Hoon Professor: Rabindra Silwal   Introduction: Deere and Company is one of the world's most seasoned business ventures. It had over 150 years of history of assembling, dispersing, financing, and adjusting of agribusiness hardware, for example, consolidates and tractors, development and ranger service gear, for example, skidders and forklifts and business and buyers grass care item, for example, yard and patio nursery tractors and trimmers and in addition other innovative items and administrations. It had more than 38000 representatives in worldwide and it has directed its business in more than 160 nations. Among different result of Deere and Company, THE SKID-STEER LOADER is most aggressive item, which was focused for development and ground care destinations and simple taking care of area moving hardware. Deere and Company had gotten the building and assembling to New Holland Company. Albeit New Holland Company created its own line of Skid-cow loaders that contended specifically with Deere brand, however New Holland Company consented to offer its abundance ability to fabricate basically the same item for Deere and Company, permitting tasteful changes for brand separation as it were. The normal piece of the overall industry for Deere and organization, shifted between 1 to 39...

Words: 1665 - Pages: 7

Operation Management

... way proposal for every client without study their needs.(where they only preparing the basic proposal) and other than that, they are not setting up the dateline to follow up with the potential client and just leave it if the client did not accept it. 7 CONCLUSION Based on this study, Adsign Imej Sdn. Bhd. probably can be one of the best outdoor advertising company since they have the strong individual background (director, chairman, manager, operation manager) which each of them have their own expertise. The only things that they need to ensure the company remain the best within the industry is in term on managing their operation strategy consists of the way they designing the services and control the quality of the service provided. Basically, providing the Customer Benefit Package (CBDP is the important thing of the service designing since the things are the way to attract the potential client and remain the existing client including of the continuously support the client. REFERENCES Book:- 1. Operations Management An Intergrated Goods And Services Approach, James R. Evans and David A. Collier, Thomson South Western. 2. Alam, I. (2006), “Service innovation strategy and process: across-national comparative analysis”, International Marketing Review, Vol. 23 No. 3, pp. 234-54. 3. Ottenbacher Micheal C, Harrington Robert F, “Strategies for achieving success for innovative versus incremental new services” University of......

Words: 1897 - Pages: 8

Operation Management

...1.0 Introduction The company chosen for this assignment is XYTech Sdn. Bhd. which is based in Prai Industrial Park, Penang, Malaysia. XYTech started its operation in 1988 with a goal of continuous innovation and commitment to provide worldwide automation solution to its customer. XYTech designs, develops, and manufactures industrial automation equipment for customers from various industries including Automotive, Medical, Electronic,Air-conditioning and Semiconductor. Expertise includes High vacuum applications, Leak detection technologies, Assembly automation and Test systems. XYTech also builds Precision material handling and Secondary processing equipment used in the Semiconductor industry. XYTech provides its customers complete integrated engineering solutions from conceptual design to operational equipment; as well as after sales support. The company mission is to produce highly dependable and reliable machineries with effective cost and superior support and services to their customers. In the automation industry, competition is aggressive and dynamic where competitor will compete to gain the orders. Slack, Chambers and Johnston (2010) states that, there are five elements which are quality, speed, cost, flexibility and dependability are essential in operation objectives. XYTech has to fulfill all the elements in their operation objectives in which their customer expects besides meeting their machineries specification and requirements. As automation competitor competes...

Words: 3012 - Pages: 13