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OMIS 430 Exam 2 SELU Woosley with Questions 100% Solved |Latest Update| Verified Answers
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OMIS 430 Exam 2 SELU Woosley with Questions100% Solved |Latest Update| Verified Answers
Factors to consider when making in-house vs. outsourcing - ✔ANS -Available
Capacity -Expertise
-Quality considerations (is someone else's better?)
-The nature of demand
-Cost
-Risks
Developing Capacity Alternatives - ✔ANS Things that can be done to enhance
capacity management:
-Design flexibility into systems
-Take stage of life cycle into account
-Take a "big-picture" approach to capacity
changes -Prepare to deal with capacity "chunks"
-Attempt to smooth capacity requirements
-Identify the optimal operating level
, -Choose a strategy if expansion is involved
Leading - ✔ANS Build capacity in anticipation of future demand increases (to get ahead)
Following - ✔ANS build capacity when demand exceeds current capacity (buy a small house
- when kids come, get a bigger house)
Tracking - ✔ANS Similar to the following strategy, but adds capacity in relatively small
increments to keep pace with increasing demand (add-on to the house - add another
checkout clerk to keep the pace)
Bottleneck Operation - ✔ANS An operation in a sequence of operations whose capacity
is lower than that of the other operations
Economies of Scale - ✔ANS if the output rate is less than the optimal level, increasing
the output rate results in decreasing average unit costs
diseconomies of scale - ✔ANS if the output rate is more than the optimal level, increasing
the output rate results in increasing average unit costs
Reasons for Economies of Scale: - ✔ANS -Fixed costs are spread over a larger number of units
-Construction costs increase at a decreasing rate as facility size increases
-Processing costs decrease due to standardization
Reasons for Diseconomies of Scale - ✔ANS -Distribution costs increase due to traffic
congestion and shipping from a centralized facility rather than multiple smaller facilities
-Complexity increases costs
-Inflexibility can be an issue
-Additional levels of bureaucracy
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