Description
1. Based on the learning objectives from Chapters 8, 13 and 18, please provide a response to the following discussion topic: Discuss how inventory levels can impact queuing theory and transportation models.
Include a paraphrased summary, with cites and references from at least 2 peer reviewed journal articles. These can be found either in the library or by selecting the pdf link to the right of your http://scholar.google.com search. Provide cites and references for each of your discussion responses.
Book: STEVENSON, W. J. (2015). OPERATIONS MANAGEMENT (12th ed.). S.l.: MCGRAW-HILL EDUCATION
2. Write a four page paper explaining the new product planning and development process. Be sure to include examples of products and services that you found on the internet to help explain the process. The paper needs to be in the APA format.
Book: Kotler, P. & Keller, K. (2016). Marketing management. Pearson Education, Inc.
Explanation & Answer
Attached.
Running Head: OPERATION MANAGEMENT
Operation Management
Name
Instructor
Institutional Affiliation
Date
1
OPERATION MANAGEMENT
2
The queuing theory and transportation models are basic tenets for internal business
process within a company. Queuing theory is the study of waiting lines or queues and it is used
to predict the waiting time and queue lengths. Operational managers use the queuing theory in
inventory optimization in the warehouse (Khanna, 2015). Companies often use queuing theory as
a competitive advantage in solving business problems such as inventory flows and supply chain
management. Inventory levels can impact on the queuing theory and the transportation model
within a company in the sense that slow moving inventory will slow down the queue within
supply chain thus making the supply chain of the company inefficient (Rashid et al., 2015). Fast
moving inventories enhance the queue as inventory takes shorter time within the queues. In
essence variation in inventory levels may impact on the queuing theory since such variation may
hinder effective management of inventory through queuing theory and transportation model
(Stevenson, 2015).
3
OPERATION MANAGEMENT
Reference
Khanna, R. B. (2015). Production and operations management. PHI Learning Pvt. Ltd..
Rashid, R., Hoseini, S. F., Gholamian, M. R., & Feizabadi, M. (2015). Application of queuing
theory in production-inventory optimization. Journal of Industrial Engineering
International, 11(4), 485-494.
Stevenson, W. J. (2015). Operations Management (12th Ed.). S.L.: Mcgraw-Hill Education
Attached.
Running Head: NEW PRODUCT PLANNING AND DEVELOPMENT PROCESS
New Product Planning and Development Process
Student Name:
Institution Affiliation:
Date:
1
NEW PRODUCT PLANNING AND DEVELOPMENT PROCESS
2
The new product planning and development form a basis on the quality of the product
that will be introduced into the market. It is an essential step in the product lifecycle and should
be handled systematically to ensure that the product meet the marke...
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