Applications of Operations Management Concepts

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Issue:

Miscellaneous

 

Written by:

David Y

 

Date added:

April 11, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2892

 

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9576 times

 

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Unstable and unpredictable market turmoil from various sectors of industries with particular reference to the UK has seen major companies battling the slowdown in consumer spending due to the ongoing effects of the credit crunch which threatens job security (Harding & Elliot 2008). The snowball effect of the faltering economy has caused companies and establishments to redesign their marketing strategies and approach towards consumers as well as employ various forms of operations management concepts to improve the effectiveness and efficiency of hospitality service operations...
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Garcia et al. (2002) define the aim of capacity management as the goal of minimizing the waiting time for customers and avoiding idle capacity whilst attending to demand in the most efficient way possible. Demand management can be viewed as the process that balances the customers’ requirements with the capabilities of the supply chain (Croxton et al...
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