July 8, 2020 From Factory to Market: Distribution Problem (Linear Programming Approach) This exercise introduces an important topic in the operations and supply chain management – distribution problem. Essentially, it deals with a problem where you…
July 8, 2020 Service Level, Fill Rate, and Newsvendor Model Service level is the frequency of the stockout, while the fill rate means the proportion of demands satisfied. Newsvendor model determines the desired service…
July 8, 2020 Inventory Simulation Using Excel Solver (linear programming approach) This technique offers an Excel solver solution on the previous inventory simulation problem I posted. This exercise can serve as a bridging topic between…
July 8, 2020 Inventory Simulation (newsvendor) In this modeling exercise, you are asked to determine an inventory level that would minimize the grand total cost for a two-hundred-month planning period….
June 30, 2020 Research Article Collection for Quality Management Class Shah, R., Ball, G. P., & Netessine, S. (2017). Plant operations and product recalls in the automotive industry: An empirical investigation. Management Science, 63(8), 2439-2459. (https://doi.org/10.1287/mnsc.2016.2456)…
June 30, 2020 Variation Reduces Capacity Utilization There is a well-known story about how to “properly” fill a jar with sand, rocks, and water. For the detailed story, please refer to…
June 29, 2020 Quality Control in Factory Level: OnePlus Factory Tour by Linus Tech Tips In this video, a tech Youtuber, Linus, is showing us around the OnePlus factory. You do not have much factory experience or have never…
June 29, 2020 Service Quality: Moving Company in Japan Evaluating the quality of manufactured products can be straightforward because they are tangible. But the evaluation of services, which are intangible, can be more…
June 29, 2020 Good Management and Performance Excellence is Hard to Copy To read the full article, please visit: https://hbr.org/2017/09/why-do-we-undervalue-competent-management References: Sadun, R., Bloom, N., & Van Reenen, J. (2017). Why do we undervalue competent management. Harvard…
June 29, 2020 Excel Formulas Useful for Production, Operations, and Manufacturing Management These are useful Excel formulas for your operations management, quality management courses etc..