POM / QUANTITATIVE METHODS
DSC 430 / DSC 410
REGRESSION ANALYSIS DIAGNOSTICS
SECTION A: SIMPLE LINEAR REGRESSION
The Model is:
Y i = b 0 + b1 X i + e i
Where:
Y i = the dependent or the explained or the predicted
variable or the output.
X i = the independ
PRODUCTION & OPERATIONS MGMT/ QUANTITATIVE
METHODS - FALL 2015
PROJECT MGMT & CONTROL PART II
Deterministic Activity Times Problems
1. St. Croix by the Sea Condominium, located on St. Croix, is undertaking a
renovation of its main building. The project is
OPERATIONS MGMT Part D
MANAGEMENT Fall, 2015
Special Inventory Models
Basic EOQ Model with Quantity Discounts
We have dealt with the Basic EOQ model that assumes that
there are no quantity discounts. In practice, however, it is
not uncommon for businesses
WAITING LINES MODEL# 7, FALL 2015
QUEUING THEORY COSTS
How Queuing Theory Can Be Used to Determine
Equipment Acquisition.
OPERATIONAL COST EXAMPLE #1
The XYZ Corporation is considering leasing one of two possible
self-service duplicating machines:
Mark I
OPERATIONS MGMT
DESIGN OF WORK SYSTEMS Summer 2015
PART B - JOB DESIGN
A job is a set of all tasks performed by a worker, tasks are individual
activities consisting of elements, which encompass several job motions, or
basic physical movements.
Job design
OPERATIONS MGMT
DESIGNING WORK SYSTEMS Summer 2015
WORKING CONDITIONS IN THE FACILITY
Conditions within the facility are an important aspect of job design.
Physical factors such as temperature, noise, ventilation, humidity,
illumination, color, and so on
OPERATIONS MGMT DSC430 Fall 2015
A Single Period Model for Perishable
Products and Services PART C
This model is sometimes referred to as the newspaper boy
problem. Newspaper vendors, magazine vendors, produce
vendors, and owners of meat markets all must
OPERATIONS MGMT Fall, 2015
A Single Period Model for Perishable
Products and Services PART D
This model is sometimes referred to as the newspaper boy
problem. Newspaper vendors, magazine vendors, produce
vendors, and owners of meat markets all must face t
PRODUCTION & OPERATIONS MGMT DSC 430 &
QUANTITATIVE METHODS FOR MGMT DECISIONS DSC 410
REGRESSION Use & INTERPRETATION OF COMPUTER
OUTPUT REGRESSION EXERCISE #1
DSC 527 - REVIEW
The manager of a life insurance company wants to establish the relationship
b
UNIVERSITY OF THE VIRGIN ISLANDS
DIVISION OF BUSINESS ADMINISTRATION
OPERATIONS MGMT / QUANTITATIVE METHODS
Project MGMT & Control EXERCISES
1. The Sterling Brokerage firm is designing a management
training program for individuals at its corporate
headqua
OPERATIONS MANAGEMENT DSC 527 & DSC 430
FORECASTING METHODS
Associative Models
Multiple Regression EXAMPLE
THE MULTIPLE REGRESSION MODEL
Unlike in the simple linear regression model, in the multiple
linear regression models we have more than one
independe
QUEUING THEORY APPLICATIONS
Comparative Analysis DSC 430 FALL 2015
NAME: Alex Schjang
Steco (USA) has many sales representatives all over the world.
They call into a central office where an office worker using the
central inventory control system confirms
POM / QUANTITATIVE METHODS
DSC 430 / DSC 410
REGRESSION ANALYSIS DIAGNOSTICS
SECTION A: SIMPLE LINEAR REGRESSION
The Model is:
Y i = b 0 + b1 X i + e i
Where:
Y i = the dependent or the explained or the predicted
variable or the output.
X i = the independ
OPERATIONS MGMT
TIME SERIES FORECASTING PART I
DSC 430 - 2015
FORECASTS BASED ON TIME SERIES
A time series is a time-ordered sequence of observations taken at
regular intervals over a period of time (hourly, daily, weekly, monthly,
quarterly, annually, et
ECONOMIC ORDER QUANTITY Fall 2015
The Basic Model PART B
The Basic Economic Quantity Model
The basic economic quantity model is the simplest of the
order quantity. It has the following assumptions:
1. There is only one product involved.
2. Annual usage (d
INVENTORY MGMT & CONTROL Fall 2015
Classification of Items in Inventory
The A-B-C Approach
Items held in inventory are not of equal importance. The A-B-C approach
assigns importance on items in inventory on the basis of the annual dollar
value. An example
PRODUCTION AND OPERATIONS MGMT
INVENTORY MANAGEMENT AND CONTROL
PART A Fall 2015
Good inventory management is essential to the successful operation of
most businesses for a number of reasons. One of these reasons is that
inventory represents money. Anothe
UNIVERSITY OF THE VIRGIN ISLANDS
SCHOOL OF BUSINESS
I. COURSE NUMBER AND TITLE
DSC 430 - Production and Operations Management
II. FACULTY
Ben Kisuule, Ph.D.
University of VI St. Croix; Office NNW 106
Telephone 692-4114 (Office)
E-mail: bkisuul@uvi.edu
: k
PRODUCTION & OPERATIONS MGMT DSC 430 - FALL, 2015
Forecasting Simple Linear Regression Applications
Interpretation and Use of Computer Output (Results)
NAME: Alex Schjang_
HW #1
REGRESSION ANALYSIS
An analyst at Blue Cross/Blue Shield wants to estimate th
PRODUCTION & OPERATIONS MGT
SIMPLE LINEAR REGRESSION REVIEW
DSC 430, FALL 2015, FILE #4
DAILY HIGH and ICE CREAM SALES
The owner of a large chain of ice cream would like to study the effect of
atmospheric temperature on sales of ice cream during the summe
PRODUCTION & OPERATIONS MGMT
DSC 430 SIMPLE REGRESSION FILE #2
Simple Regression Analysis
We are going to run the following problem using STORM
Software.
A random sample of 7 one baby live births revealed the following
birth weights (lbs) and cigarette sm
MULTIPLE REGRESSION ANALYSIS
PRODUCTION & OPERATIONS MGMT FALL 2015
EXAMPLE #1
A sample survey is conducted to study the relationship between the amount
of life insurance held by business executives and several variables. The data
below were collected.
Y
PRODUCTION & OPERATIONS MGMT DSC 430
A General Background to
Being Ethical and Socially Responsible DAY 1
ETHICS = the study of right and wrong and of the morality of the choices
individuals make. An ethical decision or action is the one that is right
acc
DSC 430 PRODUCTION & OPERATIONS MGMT
Background a note on the Capitalist Ideology
Organizations exist because they are producing something a good or a
service. An economic system determines: (i) what goods and services to
produce, (ii) in what quantities,
PRODUCTION & OPERATIONS MGMT
REGRESSION ANALYSIS TESTS FILE #3
SIMPLE LINEAR REGRESSION:
The simple linear regression takes the form:
Y
=
b
0
+
b X
1
Where Y = the dependent or explained variable
b 0 = the intercept
b 1 = the slope
and X = the independent
PRODUCTION & OPERATIONS MGMT
DSC430 FALL 2015
MULTIPLE REGRESSION ANALYSIS #1
The set of data below shows a random sample of 14 systems analysts who
were surveyed in 1978.
Sampled
Person
A
B
C
D
E
F
G
H
I
J
K
L
M
N
Years in
Experience
5.5
9.0
4.0
8.0
9.5
OPERATIONS MANAGEMEMT DSC 430 Fall, 2015
Interpretation and Use of Computer Output (Results)
EXAMINATION 1
NAME: Alex Schjang
REGRESSION & FORECASTING
(1) An analyst at Blue Cross/Blue Shield wants to estimate the simple
linear regression between the numb
PRODUCTION AND OPERATIONS MGMT
FACILITY LAYOUT PLANNING AND DECISIONS
Facility layout refers to the arrangement of machines, departments,
workstations, storage areas, aisles, and common areas within an existing
or proposed facility. The basic objective of
PRODUCTION AND OPERATIONS MANAGEMENT
LOCATION PLANNING AND LOCATION DECISIONS
PART A
In the past, industries tended to concentrate in specific areas for
example, automotive and fabricated metals manufacturers in the
industrial belt of the United Stated (M