Production Plan for Riordan Manufacturing Essay

Production Plan for Riordan Manufacturing - Essay Example A production function is a unit which represents the relationship between output variables with respect to input constraints. In mathematical terms, an effective production function is a demonstration of input-output relationship. Just as the equation shows Y= f (c1, c2, c3, c4†¦) the production output Y depends on production quantities c1, c2, c3, and c4 respectively (Khanna, 1980). To settle this relationship Riordan manufacturing will have to design an integrated production plan. Process modeling is the very first stage of an effective production plan which is done by dividing production phase in three major phases, planning phase, action phase and control phase. In the planning phase, Riordan manufacturing should include product design and order writing activities. Similarly, in the action phase the firm should include process routing, material handling, tool control, loading and scheduling as the action operations (Patil, 2008). In the last, the firm should include expediti ng and re-planning as control activities. On establishing the three production phases, an integrated relationship will be settled in the Riordan production system. Once it is settled, the relationship of production output and input will be assured. But before designing the process stage it is necessary that Riordan manufacturing set initial production objectives. Just as lowering production, inventory and shipment costs to maximize profits or improving employee skill to maximize productivity.... In the planning phase, Riordan manufacturing should include product design and order writing activities. Similarly, in the action phase the firm should include process routing, material handling, tool control, loading and scheduling as action operations (Patil, 2008). In the last, the firm should include expediting and re-planning as control activities. On establishing the three production phases, an integrated relationship will be settled in the Riordan production system. Once it is settled, the relationship of production output and input will be assured. But before designing the process stage it is necessary that Riordan manufacturing set initial production objectives. Just as lowering production, inventory and shipment costs to maximize profits or improving employee skill to maximize productivity can be set as production goals. In this forecast is also very important like forecasting sales or turnover will determine how much efficiently the new production plan is working (Patil, 2 008, pp. 242). Strategic Capacity Planning for the New Process Design For international business firms especially those which believe in supply chain principles, capacity planning is vibrantly important for such firms. Riordan, which is specializing in integrated production management must adopt the approach of integrated capacity management (Jacobs, 2006). Planning the capacities of production facilities, workmen, machinery, equipment, distribution or inventory will bring proficient results for Riordan. Once the capacity management approach is there in all sections of the firm (procurement, production, inventory, and transportation) it will have stability to control supply and demand

U08d1, u08d2, u08d3 Coursework Example | Topics and Well Written Essays - 750 words

U08d1, u08d2, u08d3 - Coursework Example The Sun is not  massive  enough to ever evolve into a black hole; it will end its life in about 4.5 billion years as a white dwarf  star. But, in case if the Sun's mass was suddenly collapsed into a black hole then Earth's orbit then if a one  solar mass  black hole were to suddenly replace the Sun at the center of our solar system, the orbits of the planets would not change. This is because the physical laws that determine the orbital motion of the Earth depend only on the actual mass of the Sun, and not on whether it is distributed within a sphere (like the Sun) or at a point (like a black hole). 2. "There are 1011 stars in the galaxy. That used to be a huge number. But it's only a hundred billion. It's less than the national deficit! We used to call them astronomical numbers. Now we should call them economical numbers." —Richard Feynman, American physicist, Nobel Prize Laureate When we think of an astronomical number – we probably think of a sum thatâ€℠¢s almost beyond human comprehension. We probably refer to huge numbers as astronomical because of the vast and seemingly infinite universe. But the universe may not be as big as it seems when compared to something like the national debt. This quote has been said towards the backhanded critique of government. Furthermore,  we can say that there are at least 100 billion galaxies in the universe and each galaxy containing around 1 trillion stars. That’s 1 x 10^23 or 100 sextillion stars in the universe. Hence this comparison is done against the size of the national deficit. It's a good point, and economics can provide some slightly more familiar analogies to people grappling with large numbers than trying to contemplate entire galaxies. The important point here is not that high finance is catching up with the sciences; it’s that the numbers we encounter everywhere in daily life are growing steadily larger. While the consumer was busy saving, the Federal U. S. governmen t was piling on debt at a much greater pace. In fact, during Q2 of 2008 Washington accumulated debt at a 24.4% annual rate! Therefore, even though households and state and local governments have hopefully begun to learn their lessons; D.C. still managed to increase the overall level of non-financial debt in the U.S. to a record $35.45 trillion.† 3. Picture of the week How are the stars formed within the nebula? What is causing these dramatic pillars? What thoughts and reactions do you have to the pictures and their descriptions? All stars are formed from nebulae (the plural of nebula). Nebula is a term for a cloud of gas, and stars form from gas. Many nebulae or stars form from the  gravitational collapse  of gas in the  interstellar medium. As the material collapses under its own weight, massive stars may form in the center, and their  ultra violet radiation ionizes  the surrounding gas, making it visible at optical  wavelengths. Star formation  is the process b y which dense parts of  molecular clouds  collapse into a ball of  plasma  to form a  star. These eerie, dark pillar-like structures are actually columns of cool interstellar hydrogen gas and dust that are also incubators for new stars. The pillars protrude from the interior wall of a dark molecular cloud like stalagmites from the floor of a cavern. They are part of the "Eagle Nebula" M16, a nearby star-forming region 7,000 light-years away in the