tag:blogger.com,1999:blog-60576007288197724122012-01-24T00:57:37.293-08:00Industrial EngineeringFor students of Industrial Engineering , Management, HBS case solutions, Business Case Studies, economic theories , consumer behavior , MBA class notesEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.comBlogger531100tag:blogger.com,1999:blog-6057600728819772412.post-83990596444226042162011-06-18T23:46:00.001-07:002011-06-19T02:57:53.107-07:00Chapter-1 Defining Marketing for 21 Century - class notesMarketing Definition:American Management Association: Marketing (management) is the process of planning and executing the conception, pricing, promotion, and distribution of ideas, goods, services to create exchanges that satisfy individual and organizational goals.Kotler: We see marketing management as the art and science of choosing target markets getting, keeping and growing customers through EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com2tag:blogger.com,1999:blog-6057600728819772412.post-84466882203634228212011-06-18T07:32:00.002-07:002011-06-18T07:35:59.024-07:00Changing Markets – Challenge and opportunity for marketersGone are the days when consumers had few choices for their requirement. One had to either go through long government processes to grab desired product from foreign supplier or had to get satisfied by whatever they get from indigenous supplier.Liberalization of many developing countries has broadened choice available to consumers and expectations of consumers have also increased. On one hand more EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-80089207687153601792010-11-23T18:07:00.000-08:002010-11-23T18:28:55.258-08:00Excel macro to create ID cardsI have created by first macro with following functions1. can create bulk ID cards with single click.2. Data is in excel so it can be easily modified or changes.3. Gave little flexibility in formattingI will soon add help files for the macro.Currently I have put restriction on number of ID card per run as I am not sure about it's stability.download excel filehttp://www.filefactory.com/file/b466b0fEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com2tag:blogger.com,1999:blog-6057600728819772412.post-51350245402879107272010-11-09T20:28:00.000-08:002010-11-09T20:29:42.503-08:00Accounting Concepts<!--[if gte mso 9]> Normal 0 MicrosoftInternetExplorer4 <![endif]--><!--[if gte mso 10]> /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-54427023262252772342010-08-01T23:35:00.000-07:002010-08-01T23:41:53.770-07:00Chapter 3. Attitudes and Job satisfactionOrganizational Behavior (Twelfth Edition ) By Stephen P. Robbins and Timothy A. Judge.Attitude has three components1. Cognition [think]2. Affect [Feel]3. Behavior [React]Theory of cogitative dissonance by Leon FestingerAlign attitude to behavior = CONSISTENTAttitude inconsistent with behavior = Cogitative dissonance (i.e. working against your own will ) high reward accompanying high dissonance EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-38184574011825792252010-08-01T23:29:00.000-07:002010-08-01T23:39:23.438-07:00Chapter 1. What is Organizational BehaviorWho is manager ?- get things done by people- make decisions- allocate resources- direct them to attain goalFunction of manager?- planning- organizing- leading- controllingSkills required by managers? (As identified by Robert katz)- Technical skills – ability to apply knowledge or expertise- Human skills – ability to work with people , motivate and understand them- Conceptual skills – mental EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-74186591157412985482010-04-02T02:09:00.001-07:002010-04-02T02:19:11.387-07:00Back Tesing application for equity tradingI was searching for some software where i could use privious tick data for backtesting my trading skills. Software available in market are either costly or required some basic level of programming.I have developed this basic application in VB6 (source code is available for developers for modification - leave a message with your email address).I have used yahoo finacne to download stock data ( EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com7tag:blogger.com,1999:blog-6057600728819772412.post-62547907588609212492010-01-26T20:54:00.000-08:002010-01-26T20:56:07.452-08:00Corporate Finance: A Focused ApproachDownload book and solution manualCorporate Finance: A Focused Approach -1st Edition+Solution manual of chapter 1,2,3,4,5,6,7,8,9,10,11,13,17Michael C. Ehrhardt , Eugene F. BrighamSouth-Western College PubPassword to open solution of chapter 11: ayonbd2000Download book+solution from mihdEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com3tag:blogger.com,1999:blog-6057600728819772412.post-53574119677166698302009-10-04T03:03:00.000-07:002009-10-04T03:35:09.702-07:00HBS Case: Jaguar PLCHBS 9-290-005: Jaguar plc, 1984Jaguar PLC, 1984 Harvard Business ReviewObjectives To discuss operating exposure to real exchange rate changes To discuss various alternatives for managing such exposure This case setting is the privatization of Jaguar in 1984 To value the shares being offered for sale as a function of expected exchange rateQuestions1. Consider Jaguar’s exchange rate EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-69860696162091445642009-10-04T00:33:00.001-07:002009-10-04T02:49:55.127-07:00HBS Case: Threshold SportsHarvard Business School Case : Threshold SportsCycling MarketEurope * Popular as amateur and professional sports * Well supported 1. Prestigious Tour de France 2. 1 billion viewersUnited States * Growing in popularity as a professional sport * Lack of community support and organization * Growing interest due to cycling icon 1. Greg LeMond 2. LanceEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com3tag:blogger.com,1999:blog-6057600728819772412.post-23405564238572274562009-10-03T05:52:00.000-07:002009-10-03T06:12:17.047-07:00HBS CASE : Home DepotHome Depot - Strategic Internal Organization & Financial AnalysisSummary:Home Depot has many distinctive competencies that it uses to capture the majority of the Do It Yourself market, which represents a $100 billion dollar market. The key Issue is that while Home Depot is satisfying the DIY market they have not yet gained a significant share of a much larger $265 billion dollar, professional EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-35997628300012831492009-08-23T20:32:00.001-07:002009-08-23T21:07:38.055-07:00HBS Case Study : Interco 9-291-033HBS Case Study : Interco 9-291-033 Started out as shoe company – been around a long time •Business has spread to other consumer products / services through acquisitions •Fairly conservative financially, debt level is relatively low Interco has moved away from apparel and general retail (went from 59% to 40% of total sales) •PlacedEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-65249853660725178732009-08-22T19:28:00.000-07:002009-08-22T19:37:22.796-07:00Short notes on Option contractOption contractOptions Contract is a type of Derivatives Contract which gives the buyer/holder of the contract the right (but not the obligation) to buy/sell the underlying asset at a predetermined price within or at end of a specified period. The buyer / holder of the option purchases the right from the seller/writer for a consideration which is called the premium. The seller/writer of an optionEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-29484727789315307842009-08-22T12:26:00.000-07:002009-08-22T17:54:19.427-07:00CPFR: Supply chain redefined Introduction to CPFR A highly recognized collaboration initiative used in the retail industry is Collaborative Planning, Forecasting, and Replenishment (CPFR). CPFR’s underlying premise is that broad integration of firms within the supply chain will lead to a better focus on customers through the development of a single shared forecast of demand and a reduction of lead times. The benefits EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-13552668227258566622009-08-22T02:40:00.000-07:002009-08-22T02:54:38.343-07:00Study of supply chain @ Zara Fast FashionZara Inc With some 740 stores in 54 countries, the Spanish clothing retailer Zara has hit on a formula for supply chain management that works by challenging conventional wisdom. This excerpt from a recent Harvard Business Review profile on how Zara’s supply chain communicates, allowing it to design, produce, and deliver a garment in fifteen days. Zara’s history began in 1963 when Amancio EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com3tag:blogger.com,1999:blog-6057600728819772412.post-2323519442117662842009-08-21T20:41:00.000-07:002009-08-22T02:34:56.978-07:00HBS Case : Sampa Video 9-201-094Those who have not gone through the case may read it online it's available here . I am also providing some brief details.About Sampa Video IncSecond largest in Boston area with 30 storesDirect competitor BlockbusterNo intention to expand outside BostonCustomer satisfaction - key differentiator New BusinessHome deliery of DVDs like netflix, kramer.com and cityretrive.comWill open a web site for EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-83456900935528116022009-07-29T04:54:00.000-07:002009-07-29T05:00:22.676-07:00Close Loop Supply Chain<!--[if gte mso 9]> Normal 0 MicrosoftInternetExplorer4 <![endif]--><!--[if !mso]> st1\:*{behavior:url(#ieooui) } <![endif]--> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {mso-style-parent:""; margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-28275784538098989802009-07-08T20:08:00.000-07:002009-07-08T20:37:51.462-07:00COMMUNICATION & CONSUMER BEHAVIOR
COMPONENTS OF COMMUNICATION: Communication is the transmission of a message from a sender to a receiver via a medium (or channel) of transmission. THE SENDER: ð The sender, as the initiator of the communication, can be a formal or an informal source. A formal communication source is likely to represent either a for-profit (commercial) or a not-for-profit organization; an informal EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-21295870623867502712009-07-08T19:52:00.001-07:002009-07-08T19:56:35.879-07:00CONSUMER LEARNINGLEARNING: ð “It is a relatively permanent change in behavior caused by experience”. CONSUMER LEARNING: ð “Process by which individuals acquire the purchase and consumption knowledge and experience that they apply to future related behavior”. ð Consumer learning is a process that continuously evolves and changes as a result of newly acquired knowledge (which could be EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-37813387413089742492009-07-08T19:42:00.000-07:002009-07-08T19:49:22.164-07:00CONSUMER PERCEPTION ELEMENTS OF PERCEPTION: PERCEPTION: ð The process, by which an individual selects, organizes & interprets stimuli into a meaningful & coherent picture of the world. It can also be described as HOW WE SEE THE WORLD AROUND US. SENSATION à It is the immediate direct response of the sensory organs to stimuli. STIMULUS à A stimulus is any unit of input to any of the senses. E.g. Sensory EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-3955503600332691822009-07-01T22:41:00.000-07:002009-07-01T22:45:15.854-07:00Consumer MotivationMOTIVATION AS A PSYCHOLOGICAL FORCE: ð Motivation is the driving force within the individuals that impels them to take action. This driving force is produced by state of tension, which exists as the result of an unfulfilled need. Individuals strive both consciously and subconsciously to reduces the tension through behavior that they anticipate will fulfill their needs ad this relieve them EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-68338559558677426512009-05-19T06:07:00.000-07:002009-05-19T06:09:21.584-07:00HBS CASE: CAPITAL STRUCTURE, VALUATION, AND COST OF CAPITALExecutive SummaryAurora Borealis LLC is an activist Hedge fund. They are trying to buy a large stake in the company and thereby force the management to reorganize the capital structure by raising the debt and using it to pay the dividends or buy back the shares. The effect of restructuring on various financial parameters will be discussed in the concluding parts.Hedge Fund StrategyThe buyback of EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-48627420892023970532009-05-19T06:04:00.001-07:002009-07-08T20:14:43.336-07:00HBS Open Source Case: Salvation or SuicideHarvard Business School recently published a case on whether a software game company, KMS, which makes a device which permits amateurs to sound like professional musicians should adopt an open source business model.http://harvardbusinessonline.hbsp.harvard.edu/b02/en/common/item_detail.jhtml?id=R0804XThe case demonstrates the increased recognition of the strategic importance of decisions about EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-63146311314376417942009-02-13T01:38:00.000-08:002009-02-13T01:41:50.615-08:00HBS case: Investment Analysis and Lockheed Tri Star9-291-031 HBS : Investment Analysis and Lockheed Tri Star• Pre-production costs estimated at $900 million incurred between 1967 and 1971. • Total of 210 planes delivered from 1972-1977 • Revenues of $16 million per unit, 25% of revenue received 2 years in advance of delivery. • Production costs of $14 million (at 210 units could decline to $12.5 million at 300) EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-63479895454975996022009-02-05T03:46:00.000-08:002009-02-05T03:47:30.528-08:00The Web's Favorite Airline - EasyJet Case SummaryThe case pertains to the growth and sustenance of easyJet airlines, a low-cost carrier operating in the European skies. EasyJet’s concentration has so far been on low-cost airline services to the masses, and although it faces competition from other low-cost carriers as well as major carriers, it has been able to successfully sustain its business and turn around an initial loss into profits of EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-51575651435891564522009-02-01T17:11:00.000-08:002009-02-01T17:20:22.027-08:00Newell Company: The Rubbermaid Opportunity Case summary : Newell Company: The Rubbermaid OpportunityIn October 1998, Newell Company was considering a merger with Rubbermaid Incorporated to form a new company, Newell Rubbermaid Incorporated. The agreement would be through a tax-free exchange of shares valued at $5.8 billion. Newell had revenues of $3.7 billion in 1998 across three major product groupings: Hardware and Home Furnishings, EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-15206726533772058362009-02-01T17:05:00.000-08:002009-02-01T17:08:50.526-08:00Priceline.com: Name your own priceHBS case summary : Priceline.com: Name your own price (9-500-070) The reading by Allyn Young focuses on two aspects of division of labour: growth of indirect or roundabout methods of production and division of labour among industries (as opposed to within a firm or industry). The author also points out that the size of the market (capacity to absorb output of goods) remains the single most EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-21594740746537949762009-01-15T21:47:00.000-08:002009-01-15T21:50:27.902-08:00Hindustan Lever Limited: Levers for changecase from London Business SchoolCase summarySituation AnalysisIn 1991, HLL achieved record growth in volume sales in detergent group and was able to recapture market share from its biggest competitor Nirma. In 1980s Nirma was biggest detergent brand in India with more than 60% market share. HLL could double its volume by 1995 by taking opportunity of 20% growth rate of detergent market. The new EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-47337222940489795312009-01-15T21:41:00.001-08:002009-01-15T21:43:00.126-08:00HBS case analysis : Samsung ElectronicsHBS 9-705-508 by Jorden I siegel and James Jinho ChangHBS case analysis: Samsung Electronics Semiconductor industry has seen average growth rates of 16% per year since 1960.Semiconductors were classified into two broad categories, memory chips and logic chips. Memory chips would be further classified into DRAM, SRAM, flash memory. DRAM represent approx 55 % of memory market and SRAM and flash EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-16475641658197821892009-01-15T06:34:00.000-08:002009-01-15T21:29:48.322-08:00HBS case analysis : Fabindia Overseas Pvt. Ltd.Executive Summary Fabindia was founded in 1960 with a mission to provide work and employment to India’s skilled rural artisans and to protect traditional weaving and printing skills. Change in customer consumption pattern and increased income per capita has given boost to domestic sales of Fabindia. In last five years (2002-06), turnover of Fabindia has increased by 335% and profit by 422%. EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-49079590847973602452008-12-20T09:27:00.000-08:002009-01-02T06:49:39.354-08:00Cola War continue: Coke and Pepsi in the Twenty First Century1. Why is the soft drink industry so profitable?An industry analysis through Porter’s Five Forces reveals that market forces are favorable for profitability.Defining the industry: Both concentrate producers (CP) and bottlers are profitable. These two parts of the industry are extremely interdependent, sharing costs in procurement, production, marketing and distribution.Many of their functions EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-25119946483560160542008-10-20T20:32:00.000-07:002008-10-20T20:33:55.536-07:00Bicycle CaseCase setup (facts offered by interviewer):q Your client is a manufacturer of bicyclesq They have been in business for 25 yearsq They manufacturer and sell three categories of bicycles:Ø Racing bikes: High end, high performance bikes for sophisticated cyclistsØ Mainstream bikes: Durable, but not overly complicated bikes for everyday ridersØ Children’s bikes:EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-7111667538689034612008-10-20T20:30:00.000-07:002008-10-20T20:32:10.135-07:00Beauty Asia: Cosmetics CaseCosmetics CaseSituation:BeautyAsia (BA) is a health and beauty consumer products company headquartered in Malaysia. It manufactures and sells a line of cosmetic products ideally suited for the Malaysian marketplace. Although it has been a successful company for over twenty years, it has been losing money for the past two years and its market share has declined. The CEO has asked you to assist EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-44045914531129379912008-10-20T20:28:00.000-07:002008-10-20T20:30:27.657-07:00Supplies Mate, Office Supplies Distributor CaseSituation:Supplies Mate (SM), a distributor of office supplies in Central London, has experienced declining profitability over the past five years.Question:How can the distributor address this profitability trend?Suggested Frameworks:Profitability model with emphasis on understanding fixed vs. variable operating costs.Key Facts (to be shared as the case progresses):Company· Profitability EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-60894859589968201762008-10-19T23:55:00.000-07:002008-10-20T00:02:01.775-07:00Case Summary: Proctor & Gamble: Organization 2005 (A)Harvard Business School Case Summary of Proctor & Gamble: Organization 2005 (A) by MikolajPiskorski and Alessandro L. Spadini Problem : Durk Jager , had introduced a restructuring program named “Organization 2005” – designed to accelerate sales and innovations. In past P&G chain of formal command put geography first, followed by product and function. In new design, P&G was structured as 3 EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-21951877648945951552008-10-19T23:46:00.000-07:002009-07-08T20:06:26.102-07:00Paradoxical Twins: Acme and Omega ElectronicsCase Symmary for "Paradoxical Twins: Acme and Omega Electronics" by John F. Veiga as discussed and presented in classAfter Technological Product was sold out it’s two plants under electronic division become two firms Acme and Omega Electronics. Both of the firms are competitor if each other , Acme had annual sales of $10 million and 550 employees and Omega had annual sale of $8 million and 480 EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com2tag:blogger.com,1999:blog-6057600728819772412.post-21328331662240277722008-10-19T23:43:00.000-07:002008-10-19T23:46:05.805-07:00HBS: Executive Decision Making at General MotorsIn 1908, entrepreneur and visionary Billy Durant had created the first automotive conglomerate and the industry’s first vertically integrated company through a series of mergers and acquisitions. There were 25 automobile manufactures , suppliers and others who operated independently and report directly to Durant. There were duplication , internal competition and high cost of production. By 1920 EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-27679801900354735722008-06-30T18:12:00.000-07:002008-06-30T18:22:54.387-07:00DemandDemand for a commodity : It is number of units of that particular commodity goods or services that consumer is willing and able to purchase during a specified period of time at each conceivable price. Qty demand for a commodity : It is the no. of units that consumer is willing to buy per unit of time at given price. Demand and it's dependency : Demand for a commodity is function of followingEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-12260556787939090662008-06-30T18:08:00.000-07:002008-06-30T18:11:55.775-07:00What is difference between macro and micro economics ?Macro economics is study of consumption and production activities with averages and aggregates of the system. It study the forces that effect economy as whole while assuming that all economics units are homogenous. Macro economy is top-down view of economy while micro economics is bottom-up view of economics. It studies problems and policies given at particular time and place. It fails to EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-8181421494943809702008-06-12T04:16:00.001-07:002008-06-12T04:18:21.392-07:00Limitation of the Heuristic Method for resource allocationThe inherent limitation of the heuristic models is their being heuristic in nature. These models base the analysis on a certain set of simplified rules and assumptions, and are put to use only to avoid the complexity associated with the real detailed models. Hence we have to compromise on the precision of the solution in terms of its optimality and settle for a near-optimal solution, whichEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-60034267628800529442008-06-12T04:07:00.000-07:002008-06-12T04:16:16.971-07:00Resource Allocation – Weist’s ProcedureSuppose, however, that only 10 men are available for the project on any one day. To obtain a heuristic solution, the following heuristics can be applied.1. Allocate resources serially in time. That is, start on the first day and schedule all jobs possible, then do the same on the second day, and so on.2. When several jobs compete for the same resources, give preference to the jobsEduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-40757917306365885922008-06-12T03:54:00.000-07:002008-06-12T04:07:08.426-07:00Weist’s Trigger Level Setting Heuristic AlgorithmDesigned originally to smoothen manpower requirements in naval shipyards, since shop crew sizes generally must be sufficient to meet maximum manpower requirements, a schedule which reduces peak loads by increasing usage during slack periods would allow smaller shop sizes and hence reduce labour expense.This model [1] tries to do this by scheduling all jobs at their earliest start times and then EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-16609828574418325082008-05-15T01:03:00.000-07:002008-05-15T01:06:26.371-07:00Resource SchedulingAfter the objective of a project has been explicitly specified, one of the important constraints to be considered is the means or resource by which it is to be attained. A resource is a physical variable, such as labour, finance, equipment and space, which will impose a limitation on time for the project. When the resources are limited and conflicting demands are made for the same type of EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-89025919314845966432008-05-11T00:18:00.000-07:002008-05-11T01:16:33.898-07:00Cost Calculation for Project management Time-Cost Trade-off Relationship for a Typical JobThe Cost ConsiderationThe CPM was developed to solve the scheduling problems in an industrial setting. It was more concerned with the costs of scheduling and how to minimize them. Most jobs can be reduced in duration if extra resources are assigned to them. If the other advantages outweigh the additional cost, then the job should be expedited or EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com1tag:blogger.com,1999:blog-6057600728819772412.post-41451538597232561462008-05-11T00:10:00.000-07:002008-05-11T00:17:11.034-07:00Time Calculation for Project ActivitiesExpected Times for ActivitiesFor each activity in the project network, not only is an estimate made of the most probable time required to complete the activity, but some measure of uncertainty is also noted in the estimate. The pessimistic estimate and optimistic estimate is also made to have an idea of the approximate maximum and minimum completion times respectively for the activity.PERT EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-42602396756633707352008-05-11T00:09:00.000-07:002008-05-11T00:10:04.410-07:00Gantt chartsA Gantt chart is a matrix which lists on the vertical axis all the tasks to be performed. Each row contains a single task identification which usually consists of a number and name. The horizontal axis is headed by columns indicating estimated task duration, skill level needed to perform the task, and the name of the person assigned to the task, followed by one column for each period in the EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-7056465604311427382008-05-10T23:48:00.000-07:002008-05-11T00:18:38.684-07:00PERT and CPMPERT chartA PERT chart is a project management tool used to schedule, organize, and coordinate tasks within a project. PERT stands for Program Evaluation Review Technique, a methodology developed by the U.S. Navy in the 1950s to manage the Polaris submarine missile program. A similar methodology, the Critical Path Method (CPM), which was developed for project management in the private sector at EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-3226542963769901122008-05-10T23:23:00.000-07:002008-05-10T23:29:09.419-07:00Scheduling Computation , Critical Path Method. (CPM)The basic scheduling computation consists of three distinct sequences:i. The forward pass through the network,ii. The backward pass through the network,iii. Calculation of slack or float and determination of critical path.Forward Pass ComputationThe forward pass through the network is made by computing the earliest expected occurrence dates EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-65211890723991687752008-05-10T23:13:00.000-07:002008-05-10T23:23:44.296-07:00Constructing the Project NetworkThe first step is to determine the end objective. Next, the major areas of endeavor that will contribute to the accomplishment of the plan must be determined.The major activities that lead to the end activity are then identified and listed. After this the following procedure is adopted.Write the description of the end objective near the right margin of a large piece of paper, centered EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-46694112151960919472008-05-10T23:06:00.001-07:002008-05-10T23:10:29.125-07:00Network DefinitionsBefore studying the development of network, it is essential to have an idea about the basic concepts and terms involved in the technique as explained below:Project: It is a task with defined objective.Network: A network is a graphic representation of all activities and events that must be completed to reach the end objective of a project, showing the planned sequence of their accomplishments, EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-48314930900071412842008-05-10T23:01:00.002-07:002008-05-10T23:05:27.574-07:00Life Cycle of ProjectThe project planning process consists of the following:i. Setting the project start date.ii. Setting the project completion date.iii. Selecting the project methodology or project life cycle to be used.iv. Determining the scope of the project in terms of the phases of the selected project methodology or project life cycle.v. Identifying or selecting the project review methods to be used.vi. EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-47145318002591180192008-05-10T22:52:00.000-07:002008-05-10T22:55:06.604-07:00What is Project Management ?A project is a set of tasks, arranged in a defined sequence or relationship, that produce a pre-defined output or effect. A project always has a start, middle and an end. When "projects" are big, important and costly, limited time and resources are available to accomplish goals. Sometimes the projects are risky. This is where Project Management comes in. Project Management can help guide efforts EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0tag:blogger.com,1999:blog-6057600728819772412.post-19744027292595159232008-05-10T22:41:00.000-07:002008-05-10T22:48:36.381-07:00What is Industrial Engineering ?This is branch of engineering that deals with the creation and management of systems that integrate people and materials and energy in productive ways.This is Management related to industry.Where we manage our resources like human resource , material , machine , finance , energy in eficent way to increase production while reducing the cost of manufacturing.EduCateBloGgeRhttp://www.blogger.com/profile/11443127777882925039noreply@blogger.com0