DSCI 304 Lecture 1: Aug 21st Class Notes Products and Operations MGMT
30 Aug 2016
School
Department
Course
Professor
Document Summary
Aug 21st class notes products and operations mgmt. History labor laws occurred basically from the poor treatment of the workers at hot dog factories. More labor laws were created because people eventually heard about the poor treatment of workers. Car companies were going to fail so they went to gov to bail them out, their argument was that they were too big to fail . 82$ an hour is the average wage compensation for uaw chef, People have unlimited wants but limited resources: typical economic problem. Linear programing: asset allocation technique, interfering that you are restrained by the world first used in 1940s and is still used today. Edward deming: wrote about quality and continuous improvement. Demings thesis: based on the past yes we have a constant improvement in quality in the us, if we don"t focus on quality and improving things we will just be on this slow incline.
