Business Administration 1220E Lecture 4: Business 1220 - 27 JAN 2016
18 Mar 2016
School
Department
Professor
40
Business Administration 1220E Full Course Notes
Verified Note
40 documents
Document Summary
Class notes: cheat sheet document is available online and you will get it on. Make sure you write down the process of your work, so you can get marks for that in case you don"t have time to finish, or he can"t read your writing. The most important problem in the upp case were late deliveries due to bottlenecks. To increase benefits you need to increase resources. The software was also part of the problem. Batch could be triggered by customer, but also by previous demand. ***work first with the qualitative analysis, then the quantitative*** Payback = investment divided by (net benefit plus depreciation) Bottlenecks determine the speed of output capacity. If you want to increase capacity you need to determine if there is a bottleneck and possibly allocate resources to fixing it (maybe adding more people to that section) Sometimes you can speed up the process by improving the skills of workers.
