Notes, abstracts, papers, exams and problems of Other subjects

Production System

Physical and abstract

Natural and processed

Of man and machine

Systems and subsystems

Production System can be classified into two processes and orders

Relationships and Constraints of Production Systems

They can be grouped into two classes: the objectives and resource constraints

The Production Function

Interrelation: what, how, and for whom

To produce, how to produce, and for whom

Productivity and Production Function

Productivity is the ratio of production achieved and resources used to obtain it

The production function should focus on physical and economic activities

Physical function: generating goods and services

Economic role: generating utilities

Social function: generates changes

Types of Production Systems

• Continuous production
• Intermittent

Chapter 5: Maintenance Productivity Indicators

Introduction

As discussed in Chapter 2, effective maintenance management not only boosts productivity within the maintenance department but also positively impacts the entire enterprise. To assess a plant's status, it's essential to measure various processes, including the performance of both physical and human resources. Companies use key performance indicators (KPIs), calculated over specific periods and compared with previous periods, to achieve this.

Using Performance Indicators

This comparison allows administrative and supervisory directors to understand the current business state and identify opportunities for process improvement, efficiency gains, and performance enhancements. Performance... Continue reading "Maintenance Productivity Indicators: A Comprehensive Guide" »

Concept of Risk

Risk is inherent in any activity. Every event is influenced by past actions, creating future opportunities or challenges. Change involves risk and uncertainty.

Risk Strategies

Reactive Strategies

These involve evaluating the consequences of a risk after it has occurred and acting accordingly. However, this can lead to crises and put projects at risk.

Proactive Strategies

• Systematic risk assessment
• Planning for risk avoidance and minimization
• Developing contingency plans

Proactive strategies reduce reaction time and demonstrate preparedness.

Risk Categories

• Generic Risks: Common to all projects.
• Specific Risks: Require in-depth project knowledge.

Project Risk Areas

Project Costs

Includes increased organizational costs and budget overruns.

Technical

Typical Steps of Planning

1. Situation Analysis

Limitations of time and resources.

Collect, interpret, and summarize information.

Past, present, future...

Internal strengths.

External environmental influences.

2. Goals and Alternative Plans

Goals:

Purpose(s) that the administrator wants to achieve; must be realistic, challenging, and attainable.

Plans:

Actions or means that administrators use to achieve the goals of the organization.

Alternative Plans:

Used when the main plans, for any reason, are stopped; alike are used to achieve the same goal.

3. Evaluation of Goals and Plans

Assess strengths, weaknesses, and potential effects.

Rank

Remove

4. Selection of Goals and Plans

Plans and goals more appropriate and feasible.

Steps: alternative generation, evaluation,... Continue reading "Typical Steps of Planning and Types of Plans" »

Project Manager Functions

• Define objectives
• Organize resources
• Conduct planning
• Establish budgets
• Coordinate implementation
• Check the results with respect to the proposed objectives

Subsystems of a Project Management System

• Planning:
  • Target identification
  • Making plans and timing of achievement
  • Identification of resources available within the organization and externally
• Organization: Define the type of project organization to be used
• Control: Select the measurement standards and reference checkpoints for budget programming and technical quality of work
• Information:
  • Formal information channels through reports
  • Informal information channels through meetings
• Technology: Specific features of the project and knowledge of components and systems to develop
• Corporate

International Accounting Standard No 1: Presentation of Financial Statements

Aim

1. The objective of this Standard is to establish the basis for filing financial statements with general purpose, to ensure that they are comparable, both with the financial statements of the same entity for prior periods, as with those of other entities. To achieve this objective, this Standard establishes, first, general requirements for filing financial statements, and then provides guidelines for determining their structure, while laying down minimum requirements on their content.

Scope

This Standard applies to all types of financial statements for purposes of general information that are processed and presented in accordance with International Financial Reporting

Relationships in the Workplace

What is Communication?

Communication is a circular process involving a sender, a message, and a receiver. This process also includes the channel, noise, code, and context. In this circular process, elements influence each other.

Axioms of Human Communication

1. It's Impossible Not to Communicate - Behavior = Communication

Communication is a fluid and multifaceted process with many modes of behavior (verbal, postural, tonal, context), where all elements contribute to the meaning conveyed to others.

All behavior is communication. Everything we do communicates something. Even ignoring communication is a form of communication. For example, consider the interaction (or lack thereof) when we share an elevator with a stranger.... Continue reading "Effective Workplace Communication: Building Strong Relationships" »

Introduction

To address the issue of the pursuit of knowledge, we will adopt a motivational point of view based on the study of motives that drive individuals to seek knowledge.

We will explore reasons beyond mere lack and consider the needs of self-realization. Understanding the motivations behind the pursuit of knowledge is crucial when examining philosophical schools of thought.

Needs to Know

Among human needs, we find the "need to know."

However, Maslow's hierarchy of needs does not explicitly include a need to know. This is because all types of needs are related to knowledge. Therefore, the pursuit of knowledge can be motivated by any type of need.

Whether a need functions as a need to know depends not on its type but on how it operates –... Continue reading "The Pursuit of Knowledge: Needs, Types, and Impact" »

Management Functions: Planning, Organization, Direction, and Control

Planning

The process of defining goals and objectives with their respective strategies for action to develop the activities to achieve them.

If there is no fixed course plan of the organization, these are some planning activities:

• Analysis of current situations.
• Anticipating the future.
• Targeting.
• The decision of such activities.
• The choice of corporate and business strategies.
• The identification of resources needed to achieve the goals of the organization.

Organization

Involves designing the most appropriate structure to carry out the plans.

• This function determines:
  • Measures to be implemented,
  • How to group,
  • Who performs, and
  • Clearly stated positions and hierarchies within the organization.

Introduction

Quality management comprises three core functions: identifying improvement opportunities, developing and monitoring indicators, and designing or redesigning products and services. The EFQM Excellence Model provides a framework for achieving progress in Total Quality Management (TQM).

The EFQM Model

The EFQM Model is built on the premise that customer satisfaction, employee satisfaction, and a positive societal impact are achieved through leadership in policy and strategy, effective personnel management, efficient resource utilization, and well-defined processes, ultimately leading to business excellence. Each of the nine elements within the model is evaluated and weighted to determine an organization's progress toward excellence.

Self-