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operation management for mba pdf download

What does operations management involve?

Operations management is chiefly concerned with planning, organizing and supervising in the contexts of production, manufacturing or the provision of services. As such, it is delivery-focused, ensuring that an organization successfully turns inputs to outputs in an efficient manner. The inputs themselves could represent anything from materials, equipment and technology to human resources such as staff or workers.

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Abstract

This paper presents the concept of Multi-Function Operating Machine mainly carried out for production based industries. Industries are basically meant for Production of useful goods and services at low production cost, machinery cost and low inventory cost. Today in this world every task have been made quicker and fast due to technology advancement but this advancement also demands huge investments and expenditure, every industry desires to make high productivity rate maintaining the quality and standard of the product at low average ....etc

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Economic forecasting, predicting any of the elements of economic activity. Such forecasts can be made in great detail or can be very general. In any case, they describe the expected future behavior of all or part of the economy and help form the basis of planning.

Formal economic forecasting is usually based on a specific theory about how the economy works. Some theories are complicated, and their application requires elaborate cause and effect tracking. Others are relatively simple, attributing the majority of developments in the economy to ....etc

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