Production output is created in the real process, gains of production are distributed in the income distribution process and these two processes constitute the production process. The production process and its sub-processes, the real process and income distribution process occur simultaneously, and only the production process is identifiable and measurable by the traditional accounting practices.
Major HBR cases concerns on a whole industry, a whole organization or some part of organization; profitable or non-profitable organizations. To make a detailed case analysis, student should follow these steps: Case study method guide is provided to students which determine the aspects of problem needed to be considered while analyzing a case study.
It is very important to have a thorough reading and understanding of guidelines provided. However, poor guide reading will lead to misunderstanding of case and failure Eoq solution analyses. It is recommended to read guidelines before and after reading the case to understand what is asked and how the questions are to be answered.
Therefore, in-depth understanding f case guidelines is very important. To have a complete understanding of the case, one should focus on case reading. It is said that case should be read two times. Initially, fast reading without taking notes and underlines should be done. Initial reading is to get a rough idea of what information is provided for the analyses.
Then, a very careful reading should be done at second time reading of the case. This time, highlighting the important point and mark the necessary information provided in the case. In addition, the quantitative data in case, and its relations with other quantitative or qualitative variables should be given more importance.
Also, manipulating different data and combining with other information available will give a new insight.
However, all of the information provided is not reliable and relevant. When having a fast reading, following points should be noted: Nature of organization Nature if industry in which organization operates.
External environment that is effecting organization Problems being faced by management Identification of communication strategies. Any relevant strategy that can be added. Control and out-of-control situations.
When reading the case for second time, following points should be considered: Decisions needed to be made and the responsible Person to make decision.
Objectives of the organization and key players in this case. The compatibility of objectives. Sources and constraints of organization from meeting its objectives. After reading the case and guidelines thoroughly, reader should go forward and start the analyses of the case.
To make an appropriate case analyses, firstly, reader should mark the important problems that are happening in the organization.
There may be multiple problems that can be faced by any organization.The economic order quantity (EOQ) is the order quantity that minimizes total holding and ordering costs for the year.
Even if all the assumptions don’t hold exactly, the EOQ gives us a good indication of whether or not current order quantities are reasonable.
The I Discount Carpet Store in Example is open days per year. If annual demand is 10, yards of Super Shag carpet and the lead time to receive an order is 10 days, determine the reorder point for carpet.
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Computer Solution of EOQ Models with Excel and Excel OM. EOQ analysis can be done with Excel and Excel OM (as well as with POM for Windows). The Excel screen for the noninstantaneous receipt model of Example is shown in Figure The top selling speech solution for Mac OS X let you dictate into practically any application on Mac OS X.
You can dictate, command and transcribe - all in one easy to use package. It's so easy to use - simply talk!. Inventory Dynamics The EOQ model quantifies the trade-off between opportunity cost and economies of scale 6 Introduction EOQ Basics What-If Analyses & Robustness Applications Order period T.