Productivity Quality Profitability in research
Operations Research (O. R. ) has been termed The Science of Better. The term Operations Research (OR) describes the discipline that is focused on the application of information technology for informed decision-making. In other words, OR represents the study of optimal resource allocation A problem in the real world is modeled, usually in mathematical terms, then mathematical techniques, together with data analysis and computational algorithms, are applied, in order to find ways to do the job better. The word Operations derives from the many successful applications of O.
R. To military operations in the sass. But, since then, most O. R. Applications have been to peaceful activities, especially to business management, of which planning industrial production, and scheduling airlines, and other transportation, have been prominent. The name Management Science denotes the same discipline, with some emphasis on business management. Practitioners of Operations Management will find many of these techniques relevant. The areas of Logistics, Supply Chain Management, Decision Sciences, and Manufacturing Management deal with similar applications.
The goal of OR is to provide rational bases for decision making by seeking to understand and structure employ situations, and to utilize this understanding to predict system behavior and improve system performance. Much of the actual work is conducted by using analytical and numerical techniques to develop and manipulate mathematical models of organizational systems that are composed of people, machines, and procedures. OR's role in both, the public and the private sectors is increasing rapidly.
Order custom essay Productivity Quality Profitability in research with free plagiarism report
450+ experts on 30 subjects
Starting from 3 hours delivery
In general, OR addresses a wide variety of issues in transportation, inventory planning, production planning, communication operations, computer operations, financial assets, risk management, revenue management, and any other fields where improving business productivity is paramount. In the public sector, OR studies may focus on energy policy, defense, health care, water resource planning, design and operation of urban emergency systems, or criminal justice. To reiterate, OR reflects an analytical method of problem solving and decision-making that is useful in the management of organizations.
In OR, problems are (1 ) decomposed into basic components and (2) solved via mathematical analysis. Some of the analytical methods used in OR include mathematical logic, simulation, network analysis, queuing theory, and game theory. The actual OR process can in general be described via three steps. (1) A set of potential solutions to a problem is identified and developed (the set may be rather large). (2) The alternatives derived in the first step are analyzed, and reduced to a smaller set of solutions (the solutions have to be feasible and workable). 3) The alternatives derived in the second step are subjected to simulated implementation and, if feasible, exposed to an actual analysis in a real-world environment. It has to be pointed out that in the final step, psychology and management sciences often play a rather important role. Generally speaking OR improves the effectiveness and the efficiency of an institute the term operations in OR may Suggests that the manufacturing application Category represents the Original home of OR. That is not quite accurate, as the name originated from military operations, not business operations.
Nevertheless, it is a true statement that OR's successes in contemporary business pervade manufacturing and service operations, logistics, distribution, transportation, and telecommunication. The myriad applications include scheduling, routing, workflow improvements, elimination of bottlenecks, inventory control, business process re- engineering, site selection, or facility and general operational planning. Revenue and supply chain management reflect two growing applications that are distinguished by their use of several OR methods to cover several functions.
Revenue management entails first to accurately forecasting the demand, and secondly to adjust the price Structure over time to more profitably allocate fixed capacity. Supply chain decisions describe the who, what, when, and where abstractions from purchasing and transporting raw materials and parts, through manufacturing actual products and goods, and anally distributing and delivering the items to the customers. The prime management goal here may be to reduce overall cost while processing customer orders more efficiently than before.
The power of utilizing OR methods allows examining this rather complex and convoluted chain in a comprehensive manner, and to search among a vast number of combinations for the resource optimization and allocation strategy that seem most effective, and hence beneficial to the operation. Businesses and organizations frequently face challenging operational problems whose SUCCessfUl solution requires certain expertise in applied autistic, optimization, stochastic modeling, or a combination of these areas.
To illustrate, a company may need to design a sampling plan in order to meet specific quality control objectives. In a manufacturing environment, operations that compete for the same resources must be scheduled in a way that deadlines are not violated. The manager of a supermarket must determine how many checkout lines to keep open at various times during the day and evening so that shoppers are not unnecessarily delayed.
The area of operations research that concentrates on real-world operational problems is called production systems. Production systems problems may arise in settings that include, but are not limited to, manufacturing, telecommunications, health-care delivery, facility location and layout, and staffing. The area of production systems presents special challenges for operations researchers. Production problems are operations research problems, hence solving them requires a solid foundation in operations research fundamentals.
Additionally, the solution of production systems problems frequently draws on expertise in more than one of the primary areas of operations research, implying that the successful production researcher cannot be One-dimensional. Furthermore, production systems problems cannot be solved without an in- depth understanding of the real problem, since invoking assumptions that simplify the mathematical structure of the problem may lead to an elegant solution for the wrong problem.
Common sense and practical insight are common attributes of successful production planners. At the current time, the field of OR is extremely dynamic and ever evolving. To name a few of the contemporary (primary) research projects, current work in OR seeks to develop software for material flow analysis and design of flexible manufacturing facilities using pattern recognition and graph theory algorithms. Further, approaches for the design of re-configurable manufacturing systems and progressive automation of discrete manufacturing systems are under development.
Additional OR projects focus on the industrial deployment of computer-based methods for assembly line balancing, business process reengineering, capacity planning, pull scheduling, and setup reduction, primarily through the integration of the philosophies of the Theory of Constraints and Lean Manufacturing. Quality in Research Companies need to compete both by bringing new products to the market and by improving existing products and processes. These two aspects constitute the rationale underlying this master's programmed.
However, in addition to the factors discussed, we think that there should also be additional focus on the quality of operations research and the dissemination process of findings from such research. This has tremendous implications for the importance of operations research technology transfer to the national level. Broadly defined, this field deals with the efficient design and operation of systems, usually seeking to determine an optimal or effective utilization and allocation of scarce resources.
The tools of OR lie in the mathematical doodling and analysis of physical or economic systems, and its scope of application arises in varied walks of life, in the areas of business, industry, government, and national defense. As stiffer competition and lower resilience to business shock make companies and industries walk a tight line that separates success from failure, the emphasis of this field on both long-term (strategic) and short-term (tactical) efficiency and cost effectiveness are increasingly promoting its use in widely diverse areas.
Although the importance of quality in research might seem obvious, we have found that quality and methodological rigor are often lacking. To identify proven strategies aimed at improving routine immunization services in developing countries, we recently conducted a literature review assessing both results and methodological rigor. The lack of quality and rigor for most studies and the overall paucity of well-conducted published studies was striking, especially in light of the longstanding Expanded Programmed on Immunization (PEP) and the widely recognized importance and cost- effectiveness.
Also some of the broader issues, innovations and implications across a spectrum of disciplines which co-inhabit the same ecosystem. The history has been presented as the paradigm of detonation management, defined as the use of technological, quantitative methods, and decision making techniques in order to make business decisions based on data and analyses rather than solely on intuition. The history of this paradigm has been presented as a series of periods, each of which have unique characteristics, whilst simultaneously being part of an overall evolution.
Using the themes that are particularly prevalent in the analytics period, examples of possible research directions for the OR community have also been presented. Above all the analysis demonstrates that OR does not exist entirely in isolation; the community must embrace and engage with the wider concerns of the ecosystem and paradigm or risk declining into obscurity. With other academic and practitioner communities engaging with analytics and increasing research in these areas, OR is in danger of being left behind.
Whilst arguments may be made that such research directions risk diluting the OR 'brand', the original conception of the discipline was to use the most relevant methods available to solve business problems, a tradition such research falls firmly within. Many businesses are currently uncertain of how the economic recession will affect demand for their services and products. For global permeate Norse Kooks, this IS a familiar situation. Over the past decade, the company has experienced declining demand for its products as electronic media have replaced newsprint publications.
As it struggles to survive, the company has been forced to make some difficult decisions, including closing paper production lines and entire mills. As decision makers become more involved in implementing Total Quality Management, questions are raised about which management practices would be emphasized. In this exploratory investigation of the relationship of specific quality management practices to quality performance, a framework Was constructed.
It focuses on both core quality management practices and on the infrastructure that creates an environment supportive of their use. In addition, it incorporates two measures of quality performance and their role in establishing and sustaining a competitive advantage. Path analysis was used to the management, with multiple regression analysis determining the path coefficients, which were decomposed into their various effects. Weak linkages were eliminated.
The trimmed model indicated that perceived quality market outcomes were primarily related to statistical control/feedback and the product design process, while the internal measure of percent that passed final inspection without requiring rework was strongly related to process flow management and to statistical control/feedback, to a lesser extent. Both measures of quality performance were related to competitive advantage. Important infrastructure components included top management support and workforce management.
Supplier relationships and work attitudes were also related to some of the core quality practices and quality performance measures. The driving idea behind OR is to collaborate with clients to design and improve operations, make better decisions, solve problems, and advance managerial functions including policy formulation, planning, forecasting, and performance measurement. The goal of OR is to develop information to provide valuable insight and guidance.
By utilizing OR methods, the objective is to apply to any given project the most appropriate scientific techniques selected from mathematics, any of the sciences including the social and management sciences, and any branch of engineering, respectively. The work normally entails collecting and analyzing data, creating and testing mathematical models, proposing approaches not previously considered, interpreting information, making recommendations, and aiding at implementing the initiatives that result from the study.
Moreover, utilizing OR methods allow to develop and implement software, systems, services, and products related to a client's methods and applications. The systems may include strategic decision-support systems, which play a vital role in many organizations today. Profitability in Research profitability is a prime concern in all organizations. Operations management uses various tools and strategies to try and improve if not maximize profitability. Operations management, which encompasses supply chain management and logistics, deals with how well some function is performed.
This research analyzes the specific strategy of production mix efficiency and what mediating effect it has on the relationship between operations management and financial profitability. Confirmatory factor analysis and structural equation modeling was utilized to analyze the relationship between he three constructs. This research found that operations management alone does not have a positive impact on profitability. However, the strategy of production mix efficiency has a positive mediating effect on profit, which provides a potential answer to firms trying to increase profits through operations.
Analyzing a strategy of operations management for the purposes of increasing profitability. The strategy of production mix efficiency looks at factors involved in the process of producing goods. Some variables here are the number of items each firm makes and the time and costs involved in ACH. The study is a logistical aspects of business. The purpose of this paper is to provide operation managers and firms with an in-depth understanding of what factors have a more direct impact on profitability.
Operations management is concerned with all areas that affect the company on a daily basis. According to Jaggy (1992), one of the goals of operations management is to achieve profit minimization. In order to achieve this, there are various factors that can be utilized. A few of these strategies are production mix efficiency, product route efficiency, and resource commitment. This research analyses production mix efficiency. Counting (1996) describes a situation in which a management process that is not optimized will result in less than optimal results.
Such results lead to solid and hazardous waste, as well as increasing operational costs. This forward supply chain issue creates a desire and need for a well-organized and robust reverse logistics System. Supply chain disruptions pose an increasingly significant risk to supply chains Synergy demands these forward and reverse systems be linked for effective communication and scheduling purposes. Typically, supply chains will consist f an independent system for the reverse chain however, it will work hand in hand with the forward chain.
Without such integration, Stock (1992) notes that several problems may arise because firms do not understand they can positively affect the environment through reduction and recycling of waste. Industries are in the habit of utilizing virgin materials rather than recycled ones. Lastly, there exists a perception that recycled materials are inferior to virgin ones. It is important with regard to profitability to make the most of the materials a firm has. This is achieved by using the materials the firm has to produce the optimal mix of products to achieve maximum profitability.
Cite this Page
Productivity Quality Profitability in research. (2018, Apr 05). Retrieved from https://phdessay.com/productivity-quality-profitability-in-research/
Run a free check or have your essay done for you
