Transcript Class Assn - Overview.ppt

Operations
Management
BA 357 Work Assignment
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BA 357 Work Assignment
A three-part set of exercises using data adapted
from a composite of real companies:
 Develop an annual demand forecast
 Develop an annual sales & operations plan
 Develop Master Production Schedules and Materials
Requirements Plans to meet the annual operations plan
“…I think one way we could help students more would be by putting more
hard work into developing a set of problems which would elucidate
some of the ideas in the lectures. Problems give a good opportunity to
fill out the material of the lectures and make more realistic, more
complete, and more settled in the mind the ideas that have been
exposed.”
Richard P. Feynman, Nobel laureate
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Parts of the Assignment
 1: Develop forecasts, using three different methods, for
monthly demands for the next year given the previous
actual demand for ten years and accounting for outside
market influences.
 2: Develop chase, level, and mixed aggregate plans (sales
and operations plans) to meet the forecasted demand
from Part 1, accounting for organizational constraints
and goals.
 3: Develop Master Production Schedules and Material
Requirements Plans to satisfy the lowest-cost aggregate
plan from Part 2 for the company’s two products.
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Factors for Success – I
 Format: Not following the requested format will result in up to
5 points off per part. The format aids both students in doing
the work and the instructor in grading. It is also representative
of general expectations for such work in industry.
 On-time Submissions: Assignments are due in class on the
posted dates. Late assignments will be marked off 5 points
(<24 hours late) or 15 points (>24 hours late).
 Organizational constraints and guidelines: Business
solutions are often bounded by organizational limits such as
warehouse size, production capacity, human resource
concerns, regulations, etc. Points will be deducted for
ignoring these factors in developing your answers.
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Factors for Success – II
 Solutions do not have “paint-by-the-number”
examples in the text or lecture notes:
You will not find examples of the requested solutions in the text
or lectures where all a student has to do is plug in a different set
of numbers from the assignment and recalculate. That is, do not
expect an exact recipe somewhere.
The work assignment requires students to develop a new
solution using a combination of tools and concepts that they
should be familiar with from lecture notes, text reading, and
homework problems.
There is more than one acceptable answer to each part of the
assignment
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Grading of the Assignment
25 points total for each part
 20 points allotted to meeting the minimum requirements
of each part. Minimum requirements will be defined for
each part of the assignment
 5 points allotted for contributions above the minimum
requirements. The choice of such contributions is given to
the student, but must be in support of and relevant to the
major goal of the particular part.
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