Chapter 1: Q. 3-4C (page 71)
What would be important criteria for selecting a site for an IKEA store?
Short Answer
It should be easily commutable and should be at the center of the city.
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Chapter 1: Q. 3-4C (page 71)
What would be important criteria for selecting a site for an IKEA store?
It should be easily commutable and should be at the center of the city.
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How often should a company develop and refine its operations and supply chain strategy?
Match the following product types to the appropriate product development description.
Technology-push products A. Entail unusually large uncertainties about the technology or market. The development process takes steps to address those uncertainties.
Platform products B. A firm with a new proprietary technology seeks out a market where that technology can be applied.
Process-intensive products C. Uses a repeated prototyping cycle. Results from one cycle are used to modify priorities in the ensuing cycle.
High-risk products D. The production process has an impact on the product properties. Therefore, product design and process design cannot be separated.
Quick-build products E. Products are designed and built around a preexisting technological subsystem.
What do you think might be some barriers to the successful, effective use of the project management software packages discussed in the chapter?
In considering a capacity expansion we have two alternatives. The first alternative is expected to cost \(1,000,000 and has an expected profit of \)500,000 over the next three years. The second alternative has an expected cost of \(800,000 and expected a profit of \)450,000 over the next three years. Which alternative should we select, and what is the expected value of the expansion? Assume a 10 percent interest rate.
The R&D department is planning to bid on a large project to develop a new communication system for commercial planes. The accompanying table shows the activities, times, and sequences required:

a. Draw the network diagram.
b. What is the critical path?
c. Suppose you want to shorten the completion time as much as possible, and you have the option of shortening any or all of B, C, D, and G each one week. Which would you shorten?
d. What is the new critical path and earliest completion time?
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