Mg375 Operations Management Student Study Guide Final...

MG375 Operations Management Student Study Guide Final Examination 1.12 This is a two-hour, closed book and closed notes test. Therefore, it cannot be a take-home test. Students may use a hand-held calculator during the test provided it does not have features that allow it to take pictures or otherwise store test information other than the current calculation. The calculator cannot have means to communicate via email, instant messenger or any other means. Students are not allowed to use a computer during the test. Students are not allowed to bring extra â€Å"scratch† paper to the exam. They can use the back side of the test for scratch paper if needed. The examination contains twenty multiple choice questions valued at 5 points†¦show more content†¦2 The outputs can be products, services, information and experiences. The transformation of inputs into outputs can be physical conversion or alteration, transportation, storage or inspection when dealing with goods. 3 For services, the change would be more at a personal or even psychological level. From a value perspective, value is created when the value of the outputs is greater than the sum total of the value of inputs. Asforthe word ‘management’, there has been long debate about its meaning. For our purpose, we take the perspective of the functions that managers perform. The five traditional functions that managers perform are planning, organising, coordinating and controlling of resources. Combining these separate definitions into one, operations management can therefore be defined as the planning, organising, coordinating and controlling of transformation of inputs to outputs. These aspects can be represented in the form of a simple model as shown in Figure 1.1. b) Describe how focus dimensions affect the selection of a process structure and develop advantages and disadvantages for using each process structure in a specific situation. c) Project; In this arrangement, the product remains in a fixed location and