Category Archives: 10 OM Decisions

Forecasting

Have you thought about the amount of calculations that go into predicting the weather? Click here

Invest in a scientific calculator to help solve statistics. Click here

Do you remember some of the basic laws in your statistics course? Click here

The interpretation of the standard error of the estimate computation is similar to the standard deviation.  Click here

standard_deviation

EBTM 365 Prerequisites:
Statistics course… ECON 205 or MATH231
(TIP: if you have not taken Stats in awhile, consider a refresher course before enrolling)


Statistics and probability

Measures of central tendency

Mean, Median, Mode, and Range

Waldorf Salad

Waldorf Salad (Fawlty Towers)

Click here

The very start of the episode contains a funny scene about suppertime in the dining room of a bed and breakfast in England. The owners and staff make numerous errors.

What went well and what didn’t?
Identify poor operations in this clip.
Operations management applies to services, not just manufacturing.

U2 360 Tour

M&T Bank Stadium in Baltimore, 6/22/2011

U2 takes the stage to David Bowie’s song Space

Video 1 |  Video 2

What kind of logistics was involved organizing this concert? Transporting this multi-million dollar stage all over the world…
Imagine the supply chain OM strategic decisions?

I believe there were at least a half dozen of these 360 tour stages that one of the most successful bands of our time managed.  My wife and I attended the live concert in Baltimore (hence the video) and were front row.  My favorite music group.  And I was sitting with a close Irish friend of mine and his wife (how ironic).

If you were not impressed by the stage alone, you were certainly entertained by the opening act.  They introduced Senator Gabrielle Gifford wishing her husband, Astronaut Mark Kelly a “Beautiful Day” while he was on the space station.  This is also the title of one of their top billboard hits. Read more

These are my top favorite songs by U2:

  1. Pride
  2. I Still Haven’t Found What I’m Looking For
  3. With or Without You
  4. I Will Follow
  5. Sunday Bloody Sunday

The coolest things about U2 is not only is the alternative music part of my generation growing up, therefore melody is different from classic Blues or Rock-n-Roll; but when I play the songs over and over, I am amazed at the lyrics.  For example, notice the words in the song Bad below.

“If I could, you know I would
If I could, I would let it go,
this Desperation, Dislocation
Separation, Condemnation, Revelation
In Temptation, Isolation, Desolation”

 

Sustainability

def. – the ability to be sustained, supported, upheld, or confirmed. Environmental Science. the quality of not being harmful to the environment or depleting natural resources, and thereby supporting long-term ecological balance.

As you read Chapter 2 – Operations Strategy in a Global Environment, think about the following:

“Integrating corporate management and sustainable development is an issue of increasing importance in the business world, amid increasing rising expectations for social and environmental responsibility.” Visit Samsung’s R&D

Do you own a Droid (Galaxy S5)? 

Korea is also home to Hyundai Auto Manufacturer.

Read more