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Class Notes for Operations Management at Boston College

Exam Study Guides for Operations Management Courses

Covers all exam topics.

OPER1135 Lecture Notes - Lecture 1: Rstudio, Delimiter, Sepal

Business Stats R Cheatsheet Please report any typos or errors to Professor Jernigan: jernigst@bc.edu. Initial data exploration View(df), head(df), tail(df): see a sample of your data dim(df), summary(df): basic summary of ...

Operations Management
OPER1135
Stephanie Jernigan
OPER1021 Lecture Notes - Lecture 18: Lead Time, Stockout, Standard Deviation
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Class #16: Inventory Analysis II 3/23/17 Inventory Management Models • Basic inventory management decisions: o When to order? o How much to order? • The EOQ model answers how much to order ...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 16: Lead Time, Carrying Cost, Fixed Cost
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Class #16: Inventory Analysis 3/16/17 What is Inventory? • Examples o Parts in a factory o Product on a retailer’s shelves o Paper towels in your cupboard o Customer’s on hold...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 12: The Queue, Unit Load, Standard Deviation
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find more resources at oneclass.com Class #12: Capacity Analysis Part 2 2/28/17 Stability Condition  Stable process (i.e. stable throughput) o Inflow rate (R) = Outflow Rate (R)  Throughput ma...

Operations Management
OPER1021
Parker
OPER 1021 Lecture 14: Class 14-Operations Strategy
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find more resources at oneclass.com Class #14: Operations Strategy 3/2/17 What is Strategy?  A plan to achieve an objective  In business that objective is competitive advantage  This requires some ...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 8: Moving Average, Delphi Method, Exponential Smoothing
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find more resources at oneclass.com Class #8: Forecasting 2/10/17 What is a Forecast?  A prediction about a future value such as demand  Short term demand forecasts are used to plan production, inventory...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 5: Critical Path Method, Longest Path Problem, Flowchart
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find more resources at oneclass.com Class #5: Flow Time Analysis 1/26/17 Flow Time is an Important Measure  Drives delivery response time and inventory  A short flow time enables o Fast feedba...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 6: Variable Cost, Contribution Margin, Capacity Utilization
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find more resources at oneclass.com Class #6: Capacity Analysis 2/2/17 What is Capacity?  Capacity is the maximum sustainable throughput o It represents the upper limit on the number of flow units t...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 4: Longest Path Problem, Critical Path Method
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find more resources at oneclass.com Reading #4 Flow Time Analysis 1/31/17 Introduction  The average flow time of the individual flow units is called the flow time of process Flow Time Measurement  ...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 4: Discrete Event Simulation, Flowchart
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find more resources at oneclass.com Class #4: Simulation with Arena 1/26/17 Simulation Is…  Simulation is a very broad term – methods and applications to imitate or mimic real systems, usually via compu...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 3: Movie Theater, Takt Time
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find more resources at oneclass.com Class #3: Measure of Process Performance 1/24/17 Three Key Process Measures  Flow time o The total time spent by a flow unit within process boundaries  Flow...

Operations Management
OPER1021
Parker
OPER1021 Lecture Notes - Lecture 2: Information Structure, Corporate Social Responsibility
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Class #2: Process Basics 1/19/17 Operations: A Process View  A process is a series of actions that transform inputs to outputs  The process of producing physically goods is typically called manufacturing or ...

Operations Management
OPER1021
Parker
OPER1135 Lecture Notes - Lecture 1: Normal Distribution, Interquartile Range, Box Plot

Business Statistics Lecture Notes 9/4/14 What characteristics should your summary of the key features of a survey have? • Opening statement answers an interesting question • Info about how data was collect...

Operations Management
OPER1135
Stephanie Jernigan
OPER1135 Lecture Notes - Lecture 23: Linear Regression, Statistical Hypothesis Testing, Data Analysis

•Data analysis summary: a set of 8 - 10 slides (not a paper) •Includes: –Statement of your business questions –Appropriate descriptive statistics –Comparison of variables and groups related to business questions •at l...

Operations Management
OPER1135
Stephanie Jernigan
OPER1135 Lecture 22: Review Session for Exam 2

Exam 2 For this exam you’ll have the formula sheet (posted on Canvas under Exam 2 Preparation  Materials) and the t­tables, z­tables, and F­tables from the back of the book. 1. A simple linear regression model shows th...

Operations Management
OPER1135
Stephanie Jernigan
Administrative Law - Reference Guides

Administrative law directly influences the life of every American citizen. All local, state and federal agencies operate pursuant to general Administrative law principles. An understanding of all administrative law functio...

Business Admin - Mgt
MGMT 10
All Professors
Organizational Behavior - Reference Guides

The systematic study of individual and group behavior within organizational structures is outlined in this coordinated Guide. Theories of leadership and individual behavior are related to the foundations of group behavior ...

Psychology
PSYC 302
All Professors
Introduction to Business Law - Reference Guides

Business law, sometimes referred to as corporate-commercial law, is a system of governance and regulations in connection with the creation, existence and dissolution of businesses. Today, Canadian businesses are governed b...

BLAW - Business Law
BLAW 464
All Professors
Management - Reference Guides

The complex aspects of Management are made clearer in this Guide. This powerful Guide provides comprehensive assistance to anyone who desires a deeper appreciation of basic Management principles. The fundamentals of organi...

BA - Business Administration
BA 2283
All Professors
Corporations - Reference Guides

Corporations are explained with clarity and precision in this informative Guide! This guide helps to remove some of the confusion that popularly exists concerning the purpose, the extent, and the legal effect of different ...

BA - Business Administration
BA 2283
All Professors

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