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The location decision can have an impact on the production system due to the availability of resources and transportation. When supplies are close, production costs will be lower. In this case, the company can use a Just In Time production system to help reduce warehouse costs.
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Explain the concept of computer report in Management Information System of production unit of an organisation.?
There are several computer application in management information system. These are application systems that aids the management in decision making. Example of which are: business intelligence system,...
What is the difference between an open decision making system and a closed decision making system?
A. Closed decision making system:If the manager operates in a known environment then it is a closed decision making system. The conditions of the closed decision making system are:(a) The manager has a known set of decision alternatives and knows their outcomes fully in terms of value, if implemented.(b) The manager has a model, a method or a rule whereby the decision alternatives can be generated, tested, and ranked.(c) The manager can choose one of them, based on some goal or objective.A few examples are:a product mix problem,an examination system to declare pass or fail, oran acceptance of the fixed deposits.B. Open decision making system:If the manager operates in an environment not known to him, then the decision making system is termed as an open decision making system. The conditions of this system are:(a) The manager does not know all the decision alternatives.(b) The outcome of the decision is also not known fully. The knowledge of the outcome may be a probabilistic one.(c) No method, rule or model is available to study and finalize one decision among the set of decision alternatives.(d) It is difficult to decide an objective or a goal and, therefore, the manager resorts to that decision, where his aspirations or desires are met best.Deciding on the possible product diversification lines, the pricing of a new product, and the plant location, are some decision making situations which fall in the category of the open decision making systems. by prerna
Which systems helps you with making a decision about a nonstructured problem?
Decision support system
What will a good decision making system do?
get decision to the right decision maker, create a trail of accountability, and provide flexibility
The type of information system that provides interactive and ad hoc support for decision making to end user managers is referred to as a?
decision reporting system
In what ways can location decision have impact on the production system?
Location decisions significantly influence a production system by affecting transportation costs, access to suppliers, and proximity to markets. A strategically chosen location can reduce logistics expenses and enhance supply chain efficiency, while also ensuring timely delivery to customers. Additionally, factors such as labor availability, local regulations, and infrastructure quality can impact operational efficiency and overall productivity. Ultimately, the right location can enhance competitiveness and profitability.
What economic system in which decision on production and consumption of goods and services are based on voluntary exchange in market?
The Market
What is system of production?
what is production system
The primary functions of operation management is to guide by the decision making in system design and system operation?
nTQM n nSite Location & Layout n nInventory Management
What is the difference between a decision aid and a support system?
Decision aid system is for decision making. A support system is a helpdesk.
What is continuous production system?
continuous production system
How does the body's production of cortisol impact the anti-inflammatory response?
The body's production of cortisol helps regulate the anti-inflammatory response by reducing inflammation and suppressing the immune system's reaction to inflammation.
Explain the concept of computer report in Management Information System of production unit of an organisation.?
There are several computer application in management information system. These are application systems that aids the management in decision making. Example of which are: business intelligence system,...
What is production system in catering?
in catering the production system is the process of cooking.
What if solar cars were not invented?
There are no viable solar cars in production today. So even though they have been invented, it has had no impact whatsoever on our transportation system.
What are the types of daily production system?
Depending on the flow characteristics, there are four classes of the production system. 1.Mass production or flow line production system. 2.Batch production system. 3.Job shop. 4.Projects
What has the author David Brian Kelly written?
David Brian Kelly has written: 'The design, production and evaluation of a decision support system applied to Public Library Management'
