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Class Notes for Operations & Info Management at University of Massachusetts Amherst

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OIM 301 Lecture Notes - Lecture 11: Carrying Cost
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4/6 & 4/11/17  EOQ Model  Order quantity = Q (maximum inventory level)  Average inventory on hand = Q/2   annual setup cost = (D/Q) * (S)  annual holding cos...

Operations & Info Management
OIM 301
Michele Burch
OIM 210 Lecture Notes - Lecture 9: Computing Platform, Media Consumption, Mobile Computing
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1. Chapter 7: Amazon CEO and founder: Jeff Bezos 1. Net worth $71.9 billion 2. Amazon net sales revenue – increased 2004 – 2016 What is amazon doing? 3. Plowing as much cash as they can to create as...

Operations & Info Management
OIM 210
Nora Junaid
OIM 210 Lecture Notes - Lecture 6: Media Rights Capital, The Production Company, Crowdsourcing
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1. Chapter 4: Netflix part 2 Content Access – What are the issues? 1. Digital goods 1. Marginal cost = zero for content owners 2. “underwhelming” 1. not enough content 2. no way...

Operations & Info Management
OIM 210
Nora Junaid
OIM 210 Lecture Notes - Lecture 7: Icloud, Apple I, Computer Cluster
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1. Chapter 5: Moore’s Law Terms 1. Semiconductor – in a business contest refers to “computer chips” (the semiconductor industry is the chip business), could be talking about microprocessors or s...

Operations & Info Management
OIM 210
Nora Junaid
OIM 210 Lecture Notes - Lecture 5: Long Tail, Warren Buffett, Switching Barriers
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1. Chapter 4: Netflix Why Netflix? 1. A huge DVD business by mail 2. IT shifter and the market shifter to change the way things have been done for a long time 3. Netflix was able to adapt an...

Operations & Info Management
OIM 210
Nora Junaid
OIM 210 Lecture Notes - Lecture 8: Remittance, Bitcoin, Killer Application
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1. Chapter 6: Disruptive IT A disruptive innovation initially offers a lower performance according to what the mainstream market has historically demanded 1. At the same time, it provides some new performance att...

Operations & Info Management
OIM 210
Nora Junaid
OIM 301 Lecture Notes - Lecture 10: Planogram, Aisle, Job Shop
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3/23/17 • Strategic importance of layout decisions o The objective of layout strategy is to develop an effective and efficient layout that will meet the firm’s competitive requirements • ...

Operations & Info Management
OIM 301
Michele Burch
OIM 301 Lecture Notes - Lecture 9: X21 (Band), Linear Programming
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Transportation Problem Boston Cleveland (200 units (200 units required) Des Moines required) (100 units capacity Albuquerque (300 units Evansville required) (300 units capacity) Fort Lauderdale (300 units capacity) Transpo...

Operations & Info Management
OIM 301
Michele Burch
OIM 301 Lecture Notes - Lecture 8: Factor 5, Absenteeism
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3/9/17 • Location strategy o The objective of location strategy is to maximize the benefit of location to the firm ▪ One of the most important decisions a firm makes ...

Operations & Info Management
OIM 301
Michele Burch
OIM 301 Lecture Notes - Lecture 7: Variable Cost, Fixed Cost, Convenience Store
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3/7/17 • Break even analysis o Technique for evaluating process and equipment alternatives o Objective is to find the point in dollars and units at which cost equals revenue o Requires estimation of fixed costs, varia...

Operations & Info Management
OIM 301
Michele Burch
OIM 301 Lecture 6: lecture 6
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3217 Planning over a time horizon o Process strategies the objective of a process strategy is to build a production process that meets customer requirements and product specification within cost and other managerial constr...

Operations & Info Management
OIM 301
Michele Burch
OIM 301 Lecture Notes - Lecture 5: Expected Value Of Perfect Information, Emv, Batch Production
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find more resources at oneclass.com 2/28/17  Alternatives o Screen o Not screen  Scenarios o Balanced o Not balanced  Expected value of perfect information (E...

Operations & Info Management
OIM 301
Michele Burch
OIM 210 Lecture Notes - Lecture 3: Opentable, Monthly Active Users, Information Asymmetry
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find more resources at oneclass.com Wednesday 2/1  How do we know if assets yield sustainable advantage? o Rareness – is the asset in limited supply or difficult to acquire? o Value – does the as...

Operations & Info Management
OIM 210
Nora Junaid
OIM 210 Lecture Notes - Lecture 4: Cash Register, Value Chain, Stok
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find more resources at oneclass.com )ara’s “u▯▯ess  Why Zara? o Zara is a Spanish firm o The name of the mother company is Inditex o Who wears Zara?  Pictured: Kate Middl...

Operations & Info Management
OIM 210
Nora Junaid
OIM 210 Lecture Notes - Lecture 2: Gie, Freshdirect, Netflix
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find more resources at oneclass.com Chapter 2  The most troubling question when talking about strategy and IT: o How can you possibly compete if someone can copy your technology and the competi...

Operations & Info Management
OIM 210
Nora Junaid
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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