Essays on Operations and Process Analysis Assignment

Download full paperFile format: .doc, available for editing

The paper "Operations and Process Analysis" is a good example of a business assignment.   The application of multifactor in operation management enables the managers to decide on the various variables that need to be changed to increase the efficiency of the operation. The managers also use the multifactor to know the process efficiency and various factors that affect it (Jansen, 2006). Question Two     Normal Time (NT) Weeks Normal Cost (NC) (£ ) Crash Time (CT) weeks Crash Cost (CC) (£ ) A   5 2,000 3 4,000 B   8 5,000 7 8,000 C A 10 10,000 8 12,000 D A, B 4 3,000 3 7,000 E B 3 4,000 2 5,000 F D 9 8,000 6 14,000 G E, F 2 2,000 2 2,000 H G 8 6,000 5 9,000 I C, F 9 7,000 7 15,000 The normal weeks provided by the table for the completion of the project are 58 weeks. The total normal cost that will be incurred for the completion of the project is £ 47,000.

The total crash time for project completion is 43 weeks. The total crashing cost for the completion of the project is £ 76,000. Addition to the Normal cost of the completion of the project, there is a penalty for every week above the 25 recommended weeks for the completion of the project which cost £ 1,000. In addition to the penalty cost, the indirect cost relevant to the project will cost £ 2,500 per week. If the normal time the project will take for completion is 58weeks, the recommended week is 25 then the project will be penalized for (58-25) 33 weeks that will cost (33 × £ 1,000) 33,000.

In addition to the penalty is the indirect cost which will total to (33 × 2,500) £ 82, 500. An extra expenses that will be incurred is (33,000 + 82,500) £ 115,500. The indirect expenses during the recommended week are (25 × £ 2,500) £ 62,500. The total normal cost of the project is (62,500 + 115,500 + 47,000) £ 225,000.

Bibliography

JANSEN, D.W. ED. (2006). The new economy and beyond: past, present and future (Vol. 5).

Edward Elgar Publishing.

RITZMAN, L. P., KRAJEWSKI, L. J., & KLASSEN, R. D. (2004). Foundations of operations

management. Toronto, Pearson Prentice Hall.

UHER, T. AND ZANTIS, A.S.( 2012). Programming and scheduling techniques. Routledge.

Download full paperFile format: .doc, available for editing
Contact Us