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How do you explain why operations management has assumed great significance in modern industries?
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∙ 14y ago
Explain the significations of Operations management?
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∙ 14y ago
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Operations management has assumed great significance in modern industries explain. What are the various function of operations manager?
Explain the significations of Operations management?
What kinds of decision making situations may be analysed using PERT and CPM techniques?
CPM vs. PERTCPM or "Critical Path Method":tool to analyze project and determine duration, based on identification of "critical path" through an activity network. Knowledge of the critical path can permit management of the project to change duration. A single estimate for activity time was used that did not allow for variation in activity times Activity times are assumed to be known or predictable ("deterministic") Activities are represented as nodes or circles PERT or "Project Evaluation and Review Technique":Another derivative of the GANTT chartMultiple time estimates were used for each activity that allowed for variation in activity timesActivity times are assumed to be random, with assumed probability distribution ("probabilistic")Activities are represented by arrowed lines between the nodes or circles
Different between manager and leader?
managers boss the little people and direcctors boss the managers
Nature of management?
The coordination and organization of resources to achieve particular organizational goals and objectives is fundamental to management. Planning, organizing, leading, and controlling various activities to guarantee effective and efficient operations are all included. To deal with changing business environments, management is a dynamic and evolving process that requires adaptability and flexibility. It entails making decisions, allocating resources, and steering individuals and teams in the right direction to achieve the goals they have set for themselves. Additionally, the focus of management is on fostering positive relationships within the organization, maximizing productivity, and maximizing performance.
What do you understand by bias in production and operation management?
Bias is a term used to describe a tendency or preference towards a particular perspective, ideology or result, when the tendency interferes with the ability to be impartial, unprejudiced, or objective.[1]. In other words, bias is generally seen as a 'one-sided' perspective. The term biased refers to a person or group who is judged to exhibit bias. It is used to describe an attitude, judgment, or behavior that is influenced by a prejudice. Bias can be unconscious or conscious in awareness. Having a bias is part of a normal development. Labeling someone as biased in some regard implies they need a greater or more flexible perspective in that area, or that they need to consider more deeply the context. In psychology, cognitive bias is bias based on factors related to the brain as an information processor. One type of cognitive bias is confirmation bias, the tendency to interpret new information in such a way that confirms one's prior beliefs, even to the extreme of denial, ignoring information that conflicts with one's prior beliefs. The fundamental attribution error, also known as "correspondence bias", is one example of such bias, in which people tend to explain others' behavior in terms of personality, whereas they tend to explain their own behavior in terms of the situation In statistics, there are several types of bias: Selection bias, where there is an error in choosing the individuals or groups to take part in a scientific study. It includes sampling bias, in which some members of the population are more likely to be included than others. Spectrum bias consists of evaluating the ability of a diagnostic test in a biased group of patients, which leads to an overestimate of the sensitivity and specificity of the test. The bias of an estimator is the difference between an estimator's expectation and the true value of the parameter being estimated. Omitted-variable bias is the bias that appears in estimates of parameters in a regression analysis when the assumed specification is incorrect, in that it omits an independent variable that should be in the model. In statistical hypothesis testing, a test is said to be unbiased when the probability of rejecting the null hypothesis exceeds the significance level when the alternative is true and is less than or equal to the significance level when the null hypothesis is true. Systematic bias or systemic bias are external influences that may affect the accuracy of statistical measurements.
Operations management has assumed great significance in modern industries explain. What are the various function of operations manager?
Explain the significations of Operations management?
In a hypothesis testing the alternative hypothesis is assumed?
No. The null hypothesis is assumed to be correct unless there is sufficient evidence from the sample and the given criteria (significance level) to reject it.
What does Larry bird do?
In 2003, Larry Bird assumed the role, which he holds, as the President of Basketball Operations for the Indiana Pacers.
The Binomial Test is a parametric statistical test?
Binomial is a non- parametric test. Since this binomial test of significance does not involve any parameter and therefore is non parametric in nature, the assumption that is made about the distribution in the parametric test is therefore not assumed in the binomial test of significance. In the binomial test of significance, it is assumed that the sample that has been drawn from some population is done by the process of random sampling. The sample on which the binomial test of significance is conducted by the researcher is therefore a random sample.
What assumed the responsibility for converting industry from peacetime to wartime production and distributing raw materials to key industries?
War production board (wpb)
How do you become a certified management?
complete a comprehensive examination that includes accounting and related topics relevant to the broad responsibilities assumed by management Accountants. Work experience in some aspect of management accounting before a candidate is certified
Why safety is a must in industries?
Safety is required in industries and other workplaces to prevent accidents and make it a safe place to work. This can be achieved, only if everyone working in industry assumed a responsibility towards safety and takes active part in accident prevention.
What happend to the gladiators of pompeii when the volcano errupted?
It is assumed that they died.It is assumed that they died.It is assumed that they died.It is assumed that they died.It is assumed that they died.It is assumed that they died.It is assumed that they died.It is assumed that they died.It is assumed that they died.
What is allegedly mean?
Something that was assumed to have happened, but not proven.Something that was assumed to have happened, but not proven.Something that was assumed to have happened, but not proven.Something that was assumed to have happened, but not proven.Something that was assumed to have happened, but not proven.Something that was assumed to have happened, but not proven.
What eastern Roman Emperor assumed the throne in 527?
Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.
What eastern roman emporer assumed the throne in 527 CE?
Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.Justinian I assumed the throne in 527 CE.
What eastern roman emperor assumed the throne in 527 C.E?
Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.Justinian assumed the throne in 527 CE.
