Notes
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CH 1
OM - definition
10 critical decisions
6 eras
productivity <---- units | multifactor productivity = output / inputs
% increase in productivity (3 questions)
CH 2
why globalization is important --> benefits
4 different strategies --> what kind of strategy it uses, eg. coca cola, mcdonalds
reshoring article
CH 3
steps of project management
qualities + conflicts of project managers
gantt chart - simple visual diagram that show all the activities to be done in a project, can figure out when approximately a project can be finished, only can handle if the project is simple, only few activities
CPM/PERT - probability of finishing within certain time, identifying diagrams, critical path
3 different types of PERT
CH 4
Forecasting
1. qualitative (subjective information)
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2. quantitative
- time series data
- associative
error: MAD, MSE, MAPE
tracking signal
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