Redundancy is often more cost-effective than increasing individual component reliability.

Capacity decisions often involve a long-term commitment of resources which, when implemented, are difficult or impossible to modify without major added costs.

There are three basic process types: input, processing, and output.

The logistics/operations manager of a mail order house purchases two products for resale: king beds (K) and queen beds (Q). Each king bed costs $500 and requires 100 cubic feet of storage space, and each queen bed costs $300 and requires 90 cubic feet of storage space. The manager has $75,000 to invest in beds this week, and her warehouse has 18,000 cubic feet available for storage. Profit for each king bed is $300 and for each queen bed is $150.What is the storage space constraint?

When choosing a forecasting technique, a critical trade-off that must be considered is that between:

Redundancy is often more cost-effective than increasing individual component reliability.

When the output is less than the optimal rate of output, the average unit cost will be:

Design capacity refers to the maximum output that can possibly be attained.

The operations manager for a local bus company wants to decide whether he should purchase a small, medium, or large new bus for his company. He estimates that the annual profits (in $000) will vary depending upon whether passenger demand is low, medium, or high, as follows: If he uses the Laplace criterion, which size bus will he decide to purchase?

The logistics/operations manager of a mail order house purchases two products for resale: king beds (K) and queen beds (Q). Each king bed costs $500 and requires 100 cubic feet of storage space, and each queen bed costs $300 and requires 90 cubic feet of storage space. The manager has $75,000 to invest in beds this week, and her warehouse has 18,000 cubic feet available for storage. Profit for each king bed is $300 and for each queen bed is $150.What is the storage space constraint?