MSOM 3101 Chapter Notes - Chapter vocal: Critical Path Method, Longest Path Problem, Commercial Bank

• School: Temple University
• Department: Management Science/Operations Management
• Course: MSOM 3101
• Professor: Scott S.Avery

Document Summary

All organizations including service firms such as banks, and hospitals, have a production function - -----true. Om is the set of activities that creates value in the form of goods and services by transforming inputs into outputs - -----true. Scope of om - -----location of facilities, design of goods and processes, managing quality. Henry ford - -----contributed to assembly line operations. General picture of operations - -----input ---> transform ----> output productivity - -----output/input can be multiple inputs. Meaningful measures are - -----changes in productivity from period to period. Gantt charts - -----visual devices that show the duration of activities in a prj. On a specific project - -----there can be multiple critical paths, all with exactly the same duration critical path is - -----longest path. Cpm networks - -----if a specific project has multiple critical paths, all of them will have the same duration pessimistic time - -----the time an activity will take assuming very unfavorable events.