DS 786 – Week 1

CharacteristicManufacturingService
OutputTangibleIntangible
Customer ContactLowHigh
Uniformity of inputHighLow
Labor ContentLowHigh
Uniformity of outputHighLow
Measurement of productivityEasyDifficult
Opportunity to correct quality problemsHighLow
  • continued
    • Many new companies focus on service-oriented versions of products which were historically manufactured, in order to pursue recurring revenue. Ie software as a service rather than a one-time purchase.
    • List of topics and tools this class will cover
      • Forecasting: smoothing filters and regression analysis
      • Capacity planning: breakeven analysis
      • Linear programming: LP formulations and sensitivity analysis
      • Inventory: economic order quantities and reorder points
      • Quality management: control charts
      • Project management: Activity-on-node planning networks