please answer the following questions:
- Explain how data on queuing can improve productivity in a services operations. Give an example.
- Will the use of decision tree analysis guarantee the best decision for a firm? Why or why not? If not, why bother using it?
- At times in the past, the Singapore dollar showed relative weakness with respect to foreign currencies, such as the U.S. dollar, yen, mark, and pound.This stimulated exports.Why would long-term reliance on a lower valued dollar be at best a short-term solution to the competitiveness problem?
- Describe how ISO 9000 and ISO 14000 can impact manufacturing and services processes.Give an example of a work benefit of each.
- Why is forecasting necessary in OSCM?
- What motivations typically cause firms to initiate a facilities location or relocation project?
- “You don’t inspect quality into a product; you have to build it in.” Discuss the implications of this statement.
- Distinguish between in-process inventory, safety stock inventory, and seasonal inventory.
- What are the roles of suppliers and customers in a lean system?
- How does the production volume affect break-even analysis?
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